You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.
You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:
1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.
Share your thoughts.
Everyone in the crypto market should always be vigilant, esp if you put hard earned fiat and converted it to crypto.
Watch the market everyday, it doesn't have to be every minute (unless you're a full time trader).
I use stop loss of 20-30% and converted to stablecoin last Q2 2018, and started accumulating back last Dec 2018 until now.
I would rather put fresh fiat in top 10 coins, esp btc, and re-align the % of portfolio.
20% can be on more speculative coins or IEO's.