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.
I think 1% is good for every trade you made. It's called "risk management". It's a good way to trade your money depends on how much money you have.
Taking out your initial capital is also a good way so that you can secure your capital when you can continue to invest the rest.
Yes, I agree some altcoins after they pump suddenly reset and have correction so take profit then buy again after it reset.