I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
I mined bitcoin then litecoin early on. So a huge stake of my coins were not bought, in saying that my exit strategy is a slow one. Every time a coin doubles in value I sell 10% of may bag. Ive been doing that since btc was a few hundred $ and litecoin was $5.
Regarding the alts Ive bought, I sell 50% when my the price doubles and hodl the remainder for years there after.
cheers
groko