Hey guys
So currently iv started playing with crypto about a month ago, and can afford to put around $100 a week into it. Iv made some investments into OMG, NEO, PAY, IOTA, ETC and XRP.
My question is, should i still be working my way to gaining 1 BTC first before anything? Price is so high right now and i have no idea how its possible when i can invest so little, hence why im just playing with the alt coins for now.
Any tips on what i should change? or what i should keep doing??
Thanks in advance
As many have already commented I'd suggest going 50/50, see bitcoin as a secure long term investment and alt coins as risky short investments.
You need to stablish exits; for example If given alt-coin has given me more than 110% profitability, then I sell as soon as the price drops (exit on 100% profitability).
Of course I've regret on selling several coins that went up 600-700% but is a secure way of duplicating my money.
This is much good idea better to 50/50 if you really don't want to lose the benefits you can get in bitcoin better to invest too in bitcoin while you are trading with other altcoin.. so that you can get benefits of the price increase just what happen today the price was increase again that i think you can make more profit if you both trading.
For me honestly i just put my invest in bitcoin 70% and only 30% in cryptocurrency because there are sometimes that altcoin increase more high than bitcoin and altcoin is really cheap than bitcoin if you started with altcoin .