Buying and holding coins is not as profitable as it was used to be. Thus, I decided to be working and investing in promising ICOs. Once the ICO is over I normally sell all the coins/tokens. I recently discovered, few weeks after the ICO the value of coins/tokens normally drop by a minimum of 30% - so that is my entry level again. Meaning once I noticed that, I'll just go ahead and rebuy the same coins/tokens at cheaper rates. By doing that, I can make lots of profits. Share with us what you think about my latest strategy, thanks
Actually it is really profitable to invest in ICOs because you can take advantage of their promos. However, not all ICOs are legit and successful even after successful ICOs. For a project to be successful after ICO, it should have a team who is continuously developing the project and actively marketing the project.
That is why before investing in ICOs, one must do extensive research and observation on the company releasing the coin. One must also verify the integrity and identity of each team in order to prevent any fraudulent mischiefs and false identity like what happened to some ICOs. Although the process might be profitable, the risk involved opens a direct-proportional relationship in your investment and to the risk.
My new trading strategy as of bow is buy coins or investments in the public or market when it have a lower value to be affordable and sell it when the value of it is in the good amount and can makes you really profitable.
My investment strategy primarily focuses on the acquiring/selling aspect of coins in the market. Before I acquire/purchase coins, I extensively do my research and purchase them when I see an opportunity (or price decrease). Next thing to do is to sell them at a price higher from what I acquired them initially- which allocates my investment into short-term or long-term depending on the coin that I bought.