Hello community,
Like the subject says, Im seeking any kind of advice/tips for a strategic planning investment on altcoins. I'm a beginner regarding to crypto investments, I've been around for while, however, I started investing only 2 months ago.
So, what I was thinking as a long term strategy could be:
- Each month, invest 250$ into a max of 6 altcoins (250$ for each)
I can only afford 250$, but I guess it is a plausible value to invest. I like the idea if I can rotate 250$, each month, trough the 6 altcoins that I'm holding in order to increase the amount of coins, and get a higher ROI.
What are your opinions? Should i diversify more instead of trying to get a higher amount of coins for the alts that Im holding?
Share your toughs with me.
my regards
Trading, or rotating as you call it, is immensely difficult to do successful over a long period of time. It's easier to find coins with a strong team that are less likely to fall, but those will offer lower returns overall. It's up to you how much risk you want to take and since the amount you're investing is small on paper, you might want to take larger risks by picking out lower market cap coins that seem solid. But that's up to you, I don't know if $250 is a lot to you or not.
I'm personally investing rather risky because I know that I can get $200k per year jobs easily with my education and skill set, if I didn't have access to that I'd make sure to keep a good amount in Bitcoin for safety.
Basically, you need to figure out how much you are willing to lose at most in the worst case scenario and then play around that.