Thanks for the reactions!
Disagree. Long term hold means storing this money in a wallet, off exchanges.
Long term means at least 4 months, off exchanges, preferably on a cold storage wallet.
I am using a Nano Ledger, so that's where I am storing the biggest part of my coins.
The coins are no doubt good coins but I think you forgot to add DASH into the list. DASH has skyrocketed this year and is going to hit the $1000 .
It has been competing with ETH all this way and has been up for all the way. You should definitely add it in your portfolio. You should also hold some amount extra in order to buy more coins in dips. Usually this doesn't matter when it comes to a long term hold but I would always consider to buy more coins in dips as it gives away more profit in future. May I also ask how long are you planning on to hold these coins ?
Thanks for the advice! I am planning to hold them for at least a year. Oh btw, I have 146 POWR as well, that's a good one for the longterm as well I believe.
Take 1/3 in cash liquidity for new buy. Also set Stop Loss for each coin.
What do you exactly mean with the stop loss? Like, when it hits a certain level that it sells automatically so I don't make any losses? That'll be difficult when I store it on my Nano ledger tho.
I think I will keep a chunk of the investment into my bittrex account for trading, keeping an eye on specific coins where I can buy into the dips. Thanks for the advice people!
Is it smart to spend the 5k on buying bitcoins, or it's wiser to buy ETH of LTC in stead?