I have a very aggressive strategy.
I have put my life savings into bitcoin. Whenever it goes up 10 times, I will sell 10%. My buy in was $270, so I will sell my first coins when it's at $2700.
When bitcoin is $27,000 I will sell another 10%. This will be the first time I will make a penny of profit.
I don't even feel this is risky. I have holdings in all the major altcoins as well and will follow the same strategy with them. If bitcoin goes kaboom, I am confident another coin will pick up the slack.