Post
Topic
Board Speculation (Altcoins)
Re: What are you gonna buy ? BTC LTC ETH ? other
by
PsylockReborn
on 16/04/2018, 11:16:48 UTC
I have recently been doing a lot of trading and have gotten a variety of tokens and some btc and ether don't what to do just yet and holding for too long isn't really working too well, how can i minimize my losses? reinvestment options?

Crypto values are very volatile. No one can really tell which crypto will make us profit but with what I've learned and read for the past 2 years about bitcoins value it is really trustworthy. You will have security with your investments if you hold it long term. Aside from the fact that difficulty of acquiring bitcoins will increase every 4 years, bitcoin has a very solid community of supporters so even if there are so many FUD and bad events, BTC will always remain standing strong.

All I can suggest is diversify your portfolio but atleast go with 65% - 70% BTC, 25% Eth, and the rest percentage place it into altcoins that you wish to invest in. It's really up to you where your heart is. All I can say is that bitcoin is a very good store of value and it will always be the best crypto.

I have recently been doing a lot of trading and have gotten a variety of tokens and some btc and ether don't what to do just yet and holding for too long isn't really working too well, how can i minimize my losses? reinvestment options?

Minimize losses: stop loss.
Maximize chances: hold utility coins.

Bitcoin. Litecoin. Ethereum. This is exactly the order of priority for me in crypto. Bitcoin will always and should always be more than half of my portfolio. Everything else relies on the success of the leader. Altcoins for me I always love Litecoin as one of the oldest projects. I still do not support Ethereum but I am holding it for a few years.

Look at utility first (then, therefore, Monero should be in that list).

I concur with this. If you're an emotional investor seeking short term profits a stop loss should be the best thing to do. Those 3 cryptos that you chose are solid ones when it comes to community back up and the people behind the technology. EOS and STEEM are also promising when it comes to innovation so better add this up to your portfolio as well for a very good profit in the future.