Topic: Invested in alt in 2017 ..and now need help to dont do same mistake - page 5. (Read 860 times)

If you still have made profit be contented on it and just move on and look for another opportunity. Many on that year and bull run were careless and didn't took profits because the market was too good. And on this bull run, many have already sold lower than the price than we have today because from learning that mistake. It will be repeated again because the market keeps on growing as it does. Put yourself into the mind condition that you're okay to buy at the current price and sell it when it becomes higher.

Keep the cash and wait for the dip, the dip is not about the percentage, its about the gradual price decrease for very long time which may last for year as er the stats, so we are not at peak and its definitely not a good idea to invest now because you could end up doing the same mistake again like invested at peak of 2017.

So your profits is $250k right? I need to read your post twice  

$250k in profits from $200k of investment is pretty decent. More than 100% in just 4 years.
Still better than value investors who gains 10-20% annualy.

I’ve checked your wallet address, and yes you have many sh*tcoins that didn’t go well in the past.

Personally, I will take 60% for btc, eth, and top cap alts, 10% for speculation, 20% for the dips.

Compare the current price with the ATH to assess whether it's worth a risk. If the current price is the ATH, I wouldn't invest (but you make your own choices, of course). If there was an ATH a long time ago, and then the price not just dropped significantly, but totally went down to miniscule numbers without major changes afterwards, I wouldn't risk investing because it's probably a shitcoin that will never rise again. The prices are generally quite high now, so I think it's best not to invest and to wait for the inevitable explosion when the prices decrease at least by 50%.

You were here since 2017 by investing that much money and got many losses because of it.
Well, I wonder why you don't learn from your own experience?
I don't think that investing again in most altcoins is good.
I also agree to make diversification on our funds, the percentage for Bitcoin and Ethereum is a must to be done because they are the most valuable coins (IMO).
But, if you want to spread more to some altcoins, I think that it is safer to put into some top coins that have good fundamentals.
so far, I love BNB, DOT, SXP, and also Zil. However, sometimes, we can also see a chance when there is a good issue about a coin and we can put small money into it to get short investment for profits.

Yeah, in Indonesia, 20k USD is a high amount.
So sorry to hear that, this pandemic really makes a big influence on income.

Today bitcoins crossed 60k mark, I do believe that we did make history. At the beginning we were happy with the 20k even the 30k that Bitcoins did reach but due to covid the institutions did use this for their own purpose causing the value of Bitcoins to burst much. What we are seeing now is a slow and steady growth, it's not sudden and definately it did not happen overnight. I do believe that there was a huge difference between the 2017 situation and the situation we are in right now. That did set a bar and we did know that Bitcoins will rise but it was too sudden , right now it's going slowly, step by step ! Which indeed is a big deal for us since every stop and decrease is giving people the opportunity to go and invest. I do believe that everyone does not have such money as you say lying around but still  they can use Bitcoins to engage strategically in jobs around the world and use it as a currency or a mode of payment for their commodities or for their services, either way it can help you a lot, you just have to find how?

Anyone who's holding BNB will continue to get profit. Ignore those bitcoin maximalist and don't hold for long like 5-10years, not unless your financially independent, and you should balance and diverse your funds at least those coins in top 10 on cmc.

Sorry man but went in indonesia with 20 000 usd  and open a small cafe  now 20 years later i have few business who was doing super good ...and then corona 90% down but this will come bask ...so no lottery or heritage . my parents did borrow 15 000 USD and 15 years later i offer them a house 250 000 USD... anyway  who cares ... carpediem

BNB is my life saver in CRYPTO so i will keep 12%  of my portfolio for him ..without him , i will not have portfolio ...plus i love the exchance binance and i saw few interviews of CZ and i love his future planning  

very good advice thanks

Hard to start my  DCA buying the day of BTC did his ATH  

I went with 200K usd in 2017 ...so my performance is very bad , not proud of it . i invested in many shit coin around 50 ... you can look my hold message in bitcointalk  ... and to be honest i make  the max of my profit with just 2 coins BNB i brought 7 usd.  and ADA at 0,10

you can    check i think
0x99b1D3506F9356540E456620d1FaDf7e511b4fcC this my piublic ERC 20

dont know why if i lied i prefer say i invest 20 000 usd .... I was very bad ... the only good point was to not open and not see anything before 2 march 2020

Newbies are very attractive to altcoins because they want to be whales or hit a jackpot on those altcoins when it gets pump or the project developed. but not all altcoins will succeed some of them will take time, only Bitcoin is the best coin to have in your portfolio it should have a high percentage, altcoins are risky to invest.

Yeah,it doesn't make any sense.This guy made 450K USD by trading altcoins and he wants advise from other people about how to trade and when to buy. I would ask him for advise(if he is truly legit),rather than giving him my advise.
I don't believe that he made 450K USD just buy HODLing a bunch of altcoins for three years.We need proof.
 

Percentage is always up to you. Just make sure that BTC has the majority percentage on your portfolio and that's good to go. DCA during dip is the best strategy on this kind of bull run. Try to use Kucoin Bot for DCA or  Swing trading so that you can save time on trading using this kind of strategy. Kucoin bot is free so better to use that instead of doing manual trading.

The way you write doesn't sound like a guy who has almost half a million dollars to invest. Unless you inherited them or hit the lottery.

I go 100% Bitcoin. Anything else is shitcoins. The best thing you can do is buy Bitcoin and hold. Don't touch it for at least 4 years. But it's your decision.

Thanks guys to your effort to answer me.  Love to know how you manage you portfolio and how many % in BTC
for sure i will be more selective with my ALT .. and  try to start to get BTC  by buying DCA ,unless a dip happen and i will invest more
... i will  listen the pro  at bitcointalk ... will not do same mistake again, it cost me a lot ...

waiting your strategy  guys ..thanks again

It's still profitable to invest in alts regardless of how far the market has gone but you have to be very selective about which alts to buy since there are so many and most of these alts are at their alk time high prices without a clear cutout path of where its heading next.  I would suggest that instead of buying alts that been trending up, you should check out those that are yet to make big moves. What that means is that you should consider altcoins that aren't in the top 10 list too.
 
Lest I forget, in order not to make the same mistake in the past, I highly recommend that you take some risk management lessons so that you would strategize better if the market decides to take a dive like it did in 2018.

I would only suggest invest alts that are in the top 10 on CMC.

Check
- BNB, ath at $330, currently at $260
- DOT, ath at $38, currently at $36

These 2 are new in the top 10 list and have huge potentials.

Not a fan of ETH but you can try it as well, probably it will go back 2k, currently at 1.7k.

Yet, don't forget BTC, $60k is inevitable with its current price, just hold at least 6 months.

I dont fully understand, do you have 70% in Bitcoin or is it all in ALT's?
I dont do ALT's anymore, most would suggest 10 to 20% in ALT's & the rest BTC.

There will be plenty of price corrections to come but nobody knows
when that will be. We already had a 20% correction at the end of Feb.
There will almost certainly be dips before key price
points like $60k, $70k etc.

I take it you mean like 2017/2018, There are a lot of people who think
that same kind of "crash" will happen again, Why? There are different
investors this year, investors not interested in selling only buying.

 just to add now i am cash at 70 %  and still have 30 % in alt  5% in ETH ...12%  in bnb it save me  by doing a x40 so that a form of respect ..
and the rest trying to get ride of it  , but lot are dead

Hello

Now BTC is 56 450$  ...

everyone say buy at the dip but it is a dip or correction ..10 % ? down 20% ? 30 % ? 40%?

sorry i am sure you have answer this question of thousand of time but now we new compagnies buying btc must impact the price then for strategy today not same as yesterday ...

i was here in  2017 , AND WAS VERY STUPID not listen and invest in 100% alt   after correction in 2018  i decide to leave my position and hibernate really stoping completely leaving all in a hard wallet..not look news really. came again in  now in march 2018  ... and was lucky to invest in few alt not too bad but a lot in shit coins ..yes you laugh guys ...  so i just did a X3   .... i came back with a 8 BTC  of altcoins and my delta app tell me i will be 56 BTC if i just invest BTC.... so laugh again

and then now i have 450K usD.. save 150 K and want to go back wtih 300K USD ..how you will invest it ?  10%.. till a big dip .. or full now and pray for the correction not coming ...
or just be patient and wait the famous correction ..... when it is a good entry point  ?
all that to say that i dont want do same mistake , and need your help ...you laughed so help now :p

also wallet i Know i should do 100 % BTC or little bit ETH ... but it is a drug i think the alt and i know i will go back so what the max in % you think i should invest ...
thanks  for your time