Thanks for the support guys.
Here's my current portfolio and reasoning:
$1000 bought me 1.61 BTC and I've been slowly filling my portfolio over the last few days. I was lucky to snap up a few bargains while some people dumped well below market rate. Almost feel like I should make this a $2000 stake challenge but I'll stick to my original plan, for now.
HBN- 30% - At one of the lowest price points its ever been. Tranz a solid and consistent developer. Hardfork coming up soon with new features. Has the most interest out of the bunch previously because of Tokyoghettos trading journal. ~100% interest per year.
TEK- 25% - Really impressed with volume in the last month and its spike upwards, cheapest its been in a while but I have a good inclining it will shoot up again soon. ~450% interest per year
CAP - 20%- Very nice buyers market at the moment. I've put in some buy orders waiting for people to dump. This is because of the increase of supply due to people staking mature coins on date of fork, supply should dry up sooner rather than later as the 30 day+ stake time. ~200% interest per year.
GRW- 5% - Buyers market at the moment, reasonably cheap coin. Unick seems like a good developer and has taken over the coin. He seems quite new but so far has had quick successive updates. Small percentage as liquidity is small .Will enlarge position if liquidity increases. ~100% interest per year.
Others coins I'm looking into are NVC and PHS HYPE(maybe a very small % of my portfolio but I will see first).
Currently unallocated- 20%
So far I have filled a decent portion of my positions but still need to fill in around the edges here and there. Will keep you updated.Currently want to have a portion unallocated just in case I spot some investment opportunities. 20% is a bit large to have not staking but I will change my position around as I see fit.
I don't really like to share any of my alt coin insights and strategy, because why ever would I want increase competition on myself?
However, seeing as you appear to be a newbie on a path of certain loss, I will share a couple of things.
For what its worth, I never use my own money to trade. Using only BTCs earned from doing graphics work in this forum, I made about 3.9BTC in June.
1. First and foremost, long term investment strategy in most alt coins is madness. Unless coins have specific monetary use (excluding dice games or any of that nonsense), do not make any 'long term investments' beyond the obvious few coins. Developers can disappear in a flash, exchanges can suddenly delist a coin, PoW coins can become PoS ones, bagholders withdrawing from a coin can crash the price to single digit sats overnight - many things can happen in an unregulated, highly centralized (ironic, isn't it?) environments.
2. With most altcoins, there are zero reliable fundamentals to base any decisions on. The key is to stay ahead of the curve.
3. There is no 'buyer's' market in altcoin. There are only bagholders whose sole interest lie in clearing their own stash - and they will sing the most beautiful melodies to achieve that.
4. At exchanges, enter early and exit at the second or third peak. You can sometimes gain more by holding, but more often than not, you will lose.
5. Avoid coins where the OP have limited ability to articulate themselves. They probably just hired someone to make the coin. Avoid China-related coins for now, because most of them are being produced and pumped by one group. Avoid developers who rarely posts and lack manners - lack of professionalism will extend to how they manage their coins.
(Funny incident: Today, as I read the PM of a dev, I realized that I had corresponded with the same person, under a different name, 4 days earlier - for a different coin. He launched 2 coins within six days!)
6. When you see coins being pumped, hitch a ride - but always get off at logical spots (lunch breaks, end of day, etc.) Don't leave pumped coins overnight - you might miss the
harvesting phase.
7. Never invest what you can't afford to lose.
