I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.
1. Only invest 1% of portfolio
Invest 1% of your capital into altcoin will only be a good decision if the capital huge, if not I will decide to use 15% while you invest 35% into Bitcoin because altcoin market are highly manipulated.
2. Take out initial stake after 3x gain
That's a wonderful strategy and it something I usually do when invested in altcoin.
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.
When the bullish market is over altcoin will be the only coin to loose 60-75% of it value because Bitcoin will be also included but if you afraid of loose the profit, i will advise you to sell 50% of it.