Quote from: BIT WRLD on November 03, 2018, 02:14:26 AM

2. Always pay attention to Bitcoins behavior
Most of altcoins (I mean any cryptocurrency besides bitcoin) depend on Bitcoin more, than, for example, Asian currencies depended on US dollar during the Asian financial crisis. If btc price drastically pumps, altcoin rates can decrease: a lot of traders are selling their alts to purchase bitcoins. And, conversely, is Bitcoin rate crashes, altcoin prices can go down as well: people are trying to sell their altcoins and get back to fiat money. The best time for altcoin growth is when Bitcoin demonstrates common moderate growth or small decline, or during the long flat.

wrong.
this is a common mistake thinking altcoins follow bitcoin. the correct thing is that they may follow bitcoin. and that may be the common trend but altcoins mostly follow bitcoin during its drops not its rises. so in other words we have a lot of times where bitcoin rises but altcoins are dropping.

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3. Never put all eggs in one basket.
Diverse your portfolioYes,...

the concept is correct but your explanation of it is wrong. diversifying means you invest your money in things that are not taking effect from each other. in other words when you post your rule number 1 you are basically saying you should NEVER doing point #2 because altcoins are following bitcoin.
you can't believe in both of these rules. choose one!

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4. Dont be greed!
5. Syndrome of a lost profit. Do not give in to FOMO syndrome

i say these two are the same. in short you should have a trading plan and never do things randomly. and become a trading expert so that you can know what to do in different cases.

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6. Divide your investments into categories and always look at the long-term perspective!

you should first analyze to see whether the asset has any long term potential or not.
in case of altcoins 90% of them have 0 change of long term survival.