I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.
3. What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.
You don't need to believe it much. Well, It is to know that drops are often happening after the hypes but if you are investing those potential altcoins, it won't be like that unless if you are investing those coins that only driven by hypes and manipulation.
This how I invest in altcoins, I just choose 2-3 of them. Do the short-term goal, sell at high, and buy back again during the bear season. we need to be practical when it comes to investing and every pump makes me decide about selling, I don't wait the market will burst but to anticipate it first the reason why I'd never hold for long.