Post
Topic
Board Altcoin Discussion
Re: Is it worth investing in coins you believe in?
by
Cryptonian717
on 23/07/2021, 10:08:08 UTC
Coming from stocks, I deem crypto investing quite different, and I am still to get my complete understanding behind it. When talking about stocks, there are a lot of people and investors that tend to spend their money on businesses or shares they firmly believe in.
Talking about cryptos, I see a lot of people cashing out on short term for quick money, but the question is, is it worth playing it like that or better to consider the project behind the coin long-term? Regarding stocks for instance, Nvidia is a share I really do believe in and the sentiment itself is what keeps me holding the stock no matter the market. There was a huge dip in May, similar to what the crypto market is facing now, and although difficult to hold, I strongly believed in the long-term.

Regarding coins, I struggle to understand the approach people have. I am, by no means, expecting people to run down details on what they do, as we are not here to give financial advice, but a small explanation on how you address your investments: both short-term and long-term. Similarly to the stock mentioned above, I do have the same kind of interest for coin Oracle ($ORA), it’s quite new so I don’t expect many to know it. I really believe in the platform they want to create (just for context it’s a NFT market for ideas, so you just buy others’ ideas) and I would like to see their project created and support them long term, but how popular is the cashing out in cryptocurrencies? Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.


I believe there are a few methods of practicing this. The 10x rule is what i am applying for my portfolio.

For existing coins I hold them in different holding options. Staking, flexible swap, etc. I also have a 10% budge that I trade. If i lose that I only refill it every 6 months.

For new projects that are launching on the market I usually pick 10 every 6 months to a year. I invest the same amount of USD in each of them. I expect a minimum of 2/10 to succed and bring me the full return on my investment + profit. If more that 2 are successful I am happy with that, but this rule helps you out by not letting you put all of your eggs in one basked.

At the moment my golden goose so to speak is Ethernity CLOUD. I am really optimistic when it comes to this project. One of their latest achievement and perhaps the greatest is that they became a certified member of the Confidential Computing Consortium. Can you imagine that? A project that is not yet launched has joined a top tier consortium next to tech giants such as google and microsoft? They also have a patent application for their technology so I really think they will change cloud computing.