Altcoin Investing - page 4. | Bitcointalksearch.org

blockman

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

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.

1. That's a good test if you want to put only 1% of altcoin in your portfolio and that would be 99% for bitcoin, right?
2. You can take it out whether 2x, 1.5x or any amount as long as you're in profit.
3. There's no way to determine when that "bubble" will burst. You need to think that the market is completely volatile and there's no season as it moves positive and negative from time to time.

Sterbens

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for me investing in altcoins is only a daily support while waiting for bitcoin to continue to the top. so in addition to filling in the blanks, altcoins can always provide additional portfolios. but what needs to be considered in trading in altcoins we need to look carefully at the potential trends that are currently busy, and analyze them in the market. not necessarily buying altcoins, because with the scattered numbers we often fall for the spread of unclear FUD.

cabron

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It could be good to invest more than 1%, some are even pouring more than 50% of their money into altcoins especially when there is a bull run. They will however analyze an altcoin is of fair value before buying.

Quote from: Scripture on March 22, 2021, 01:17:22 AM

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

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.

Invest the money you can afford to lose and honestly, 1% of your total portfolio to be invested on altcoins is not enough to make good profit so I suggest to increase it at least 10% - 25% of your total portfolio since holding much of Bitcoin is also risky, your portfolio must be well diversified.

Its ok to take initial profit, this is your strategy and you have to commit on that one. If you're not contented yet then you can play long or sell everything so you can use it to buy another altcoins. Don't think about the bubbles, this is not true and only create FUD in the market.

More investors are trying to buy altcoins today than BTC. It could be because they find BTC over price and that having an altcoin is an option to go. I wouldn't be diving into altcoin with just 1% if I just have a short-term plan because its just not worth holding unless the coin is POS and has the trustworthiness like ETH.

LogitechMouse

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

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.

When I'm still newbie in trading, that is my mindset too Cheesy

.

The first one, that is the ideal percentage that you must invest if you are just starting in trading or investing.
The second one?? The idea that you are thinking isn't as easy as what you think. One thing more is that not all of your trades will not guarantee you a 3x gain. As a newbie, 3x gain even though you are just investing 1% is still hard to do unless you are an expert trader/investor.
The third one?? When a bubble bursts, it will really lose that much amount like you said so basically what you are saying is true. In terms of taking profit, its your decision. As long as you are ok with the profits then just sell it completely.

Overall, 3x gain is achievable but in your current situation it will be hard. How can you achieve it if you are asking here. An expert one will just do it and will not ask here things like that

.

Pom_bensin

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

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.

1% investment but into many potential coins. This is very good for making profit, because what we know is that to get a profit we need a strong altcoin in the market, this is useful for avoiding price dumps and maintaining profit stability

TastyChillySauce00

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The thing with investing is the more you want to invest the more profit you get so I don't think 1% is sufficient but 1% could be anything. Taking out initial investment after getting 3x gain is good but when it comes to coin that has the chance to multiply your initial investment into that much return of investment, that coin also has the chance to make your initial investment gone or in other words highly risky so you don't want to put all your money into the coin you believe gonna make it big. Try to diversify your portfolio I guess but everyone always recommend compounding to speed up growing your asset.

Scripture

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

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.

Invest the money you can afford to lose and honestly, 1% of your total portfolio to be invested on altcoins is not enough to make good profit so I suggest to increase it at least 10% - 25% of your total portfolio since holding much of Bitcoin is also risky, your portfolio must be well diversified.

Its ok to take initial profit, this is your strategy and you have to commit on that one. If you're not contented yet then you can play long or sell everything so you can use it to buy another altcoins. Don't think about the bubbles, this is not true and only create FUD in the market.

virasisog

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I read updates and news in different platforms and see if there an upcoming event before investing. I usually invest atleast 10% of my fund and take my profits when I hit at least 20% profit. There are some instances where I had to hofl longer and the outcome is great I was able to buy Theta and had been holding it for almost a month now and I am almost 150℅ up in my investment. There will always be good and bad trades, I depend on the news and join the hype, if a token is over sold I stay away from it.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

1.Only invest 1% of portfolio

No problem there. Depending on where you divide the rest of the 99% into makes the balance. Suggest you to keep some in bitcoin and the rest into fiat market investments and precious metals.

Quote

2.Take out initial stake after 3x gain

WOW, slow down there mate. 3x gains are not that common in everyday altcoin trading. It can happen but you need to have that level of patience and determination to hold that coin till such gains are reached. Now it becomes difficult to predict altcoins as time passes because we all have seen most altcoin projects die out.

Quote

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.

You are not wrong here. Altcoins mostly dump after pumps and these are inorganic ones completely. Hence you need to time yourself for a sell and then never look back. In that sense 100% selling is what seems appropriate. This goes with what I said above.

Bottom line is that altcoin trading is associated with a vicious cycle of anxiety and depression if you buy at the wrong price and get stuck there. So be careful and remember that no altcoin is going to be second to bitcoin. If you want to be rich, buy bitcoin when its price lowers. Grin

richstan69

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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.

Topic: Altcoin Investing - page 4. (Read 608 times)