I guess there's many ways to do this. Let's say you invest £500. Your goal is to 10x you investments and happily pull out.
You invest in 5 coins. £100 each.
You track your investments and see that on your £500, you now are overall 100% up and see you have made £500, so £1000 in total.
Would you pull out £500 or would you leave it all in to grow to your 10x?
Any strategies here I can get to know?
First let’s start with a normal investment that is not Cryptocurrency like gold and bonds and the rest of them – you know very well that none of these that are considered legit will fetch you up to 100% in a year right?
If you invested in bonds, in a year your highest profit will be 12% , so if you invested that 500 dollars in there you’re going to be getting extra 60 dollars making it 560 dollars in total. Then you come to cryptocurrency and you’re able to double that money from 500 dollars to 1000 dollars, that’s more than enough, you can withdraw the extra 500 dollars you have got and the rest can be left in the market since it’s now like free money that you’re investing with, and if you’re lucky the market will still increase.
You can really make out comparison between the two when it comes to annual returns or even in short time duration and thats why some of those traditional investors did really
jump into this market due to that very reason but it doesnt mean that you would really be guaranteed able to experience on making money or profits because it will
always matter on how you do deal with it.The higher the earning the higher the risk it is, so its still on how you do things up when it comes to strategy and your own
decision making skills. Both do need analysis and proper decision to take advantage on possible situations.