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.
You have a good strategies for investment however just to contradict the first and last strategy, I think that more than bitcoin, altcoin is one of the good crypto to investment. You just really need to dig deep and look for some hidden altcoin gems that will be good for investment long termly. For the second strategy, its to take every possible profit no matter how big or small it is and dont be too greedy to avoid losing a good amount of profit and earning.