Quote from: iamlds08 on December 12, 2017, 08:28:54 PM

Quote from: marketprice on October 02, 2017, 03:46:50 PM

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.

5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

it is always easier to say than done. but i like the spirit!

I can suggest some ways to earn bitcoin and other crypto (tokens) instead of investing into crypto yiu can try to join signature campaigns where you can get a good passive income or else post your portfolio with your area of expertise and try to get some sort of job from this forum and accept payments in bitcoin but when it comes to other crypto I would suggest to go for bounty campaigns and there are some bounty campaigns who pay by bitcoin