I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.
1. Only invest 1% of portfolio
Maybe be a bit more? 1% sounds way too less unless you are investing huge sum of money. Maybe invest 1% in some random altcoins while investing rest 9% in some good, wellknown altcoins.
2. Take out initial stake after 3x gain
Sure. You can do that. But this means you might have to be holding for long term. Your altcoin profits won't jump to 3x in few days.
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
Even if it does lost 60%-90% of its value (more likely to happen with random scam/shit coins), you won't make any loss as long as you don't sell. The prices will eventually recover. But then again, it is up to you to decide, is it worth holding for this long?