So I am in a situation where I have found a potential project I can invest in for the long term and gain huge profits.
At the same time the current market seems the correction is over and another bull run might start.
I am having an urge to invest all that I can in the potential project I like but it is also a good time to diversify the portfolio and trade some nice coins to gain short term profits.
What would you guys do if you were in such a situation ?
@mk4
how long you're planning on holding
I can hold very long. Let's say 15 years or so.
what your other investments are(inside and outside crypto)
BTC and ETH
Little amount in Mutual Funds
what your asset allocations are
Not sure how would I describe that
what your trading strategies are
More of swing trading. Buy the dip, wait for a good price to sell (time doesn't matter)
what your risk appetite is, and how much money you can afford to lose
I can afford to lose not more than 25%
If you had planned to inverse money in cryptocurrency,you should skip of stock market.If you start to believe something,kindly believe it fully and hold till it recover.Don't exchange money from the invested asset for the emergency need.It should be skipped to avoid of loss.Mostly the new traders do this and suffer a lot after the mistake.To escape from loss,patience is needed one.