Right at the beginning of knowing about bitcoin, a little over 2 years back I was keen on trading alts and increasing my bitcoin holdings. A known guy invested too much in alts (0.4 BTC) during the bull run and has lost almost 10x during the 2018 dump. At the current trading prices, his total holdings is worth just over 0.04 BTC. Right after this incident, I totally moved away from trading pump and dump alts and have been accumulating only bitcoin and popular alts as much as I can.
During the 2018 December dump, I invested some amount in Bitcoin and have kept aside those for relatively long term in my cold storage. Later on, just bought some little amounts during the dips and even now trade them with Ethereum, Monero and some popular alts. I have traded and cashed out the little amounts and all I risk now are the profits which were received from trading in various top 10 alts. The remaining btc of mine are held as physical crypto collectibles as if at one point of time bitcoin dumps strongly, my collectibles would help me in accumulating even more bitcoins.
I would never touch the cold storage even how low the bitcoin goes or how higher the bitcoin goes over time. Rather I accumulate some top alts along with my beautiful collectibles.
During the 2018 December dump, I invested some amount in Bitcoin and have kept aside those for relatively long term in my cold storage. Later on, just bought some little amounts during the dips and even now trade them with Ethereum, Monero and some popular alts. I have traded and cashed out the little amounts and all I risk now are the profits which were received from trading in various top 10 alts. The remaining btc of mine are held as physical crypto collectibles as if at one point of time bitcoin dumps strongly, my collectibles would help me in accumulating even more bitcoins.
I would never touch the cold storage even how low the bitcoin goes or how higher the bitcoin goes over time. Rather I accumulate some top alts along with my beautiful collectibles.Another question- When people preach HODL philosophy (obviously I know it means hold) is this the same "stack sats and chill"... or are the HODL'ers just those that invested big at some point in the past and are long-term holding a single position?
I was quite late to investing in bitcoin but I have ventured into most of the popular fields of bitcoin investment like HODLING a significant btc for longer term, trading alts and stacking some percentage of alts, investing in physical crypto collectibles and so on.