I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.
1. Only invest 1% of portfolio
2. Take out initial stake after 3x gain
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.
many altcoins will have more use than bitcoin, still it is all driven by speculation with few real cases of use... but remember that bitcoin in my opinion, is pure store of value while some altcoins will be the basis of decentralized internet, of video games, social and everything you see today.