Quote from: killerfrost on Today at 11:01:00 AM

Quote from: richstan69 on March 22, 2021, 02:36:27 AM

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.

Investing when you are ready for everything, ready to lose all your earned money, ready to endure the discomfort and stress... has a lot of things that need you to be ready. This market will eliminate you if you do not understand it, investing in knowledge is a better approach than investing money in this market.

Before you start investing, do not forget to search for much information about the investment and do not think that your investment will give you a big profit in the short term. You should know that every investment has a risk and will depend on how to manage the risk.

If you invest in altcoin and the price explodes and rise higher, you can sell it at once and leave the market for a while because it will be back to the low price for a while. So when you want to buy back the altcoin, you will get a good time to buy it back later. Do not force yourself to wait for the other high price because the altcoin will not always increase after it reaches the high price.