Topic: null (Read 920 times)
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True, but with 250+ positions, any one position is almost nothing in terms of the portfolio weighting (at least going in), so why worry if I overpaid or not?
True, but with 250+ positions, any one position is almost nothing in terms of the portfolio weighting (at least going in), so why worry if I overpaid or not?
Depends on how deep your pockets are.
If over 50% are going to lose over 50% (for example), then it makes sense to slow down and buy some now and more later (multiple entry points in each coin)
Also, IMO some coins can be avoided entirely, but if you want to collect the entire set enjoy.
...Look at all the alts before and after the November rush...
That was extreme, it takes many newbies to cause what happened to the alts before xmas.
Buy and hold isn't quite right; You need an entry strategy that includes lowing your average cost as the masses are selling.
Most alts just keep falling (with minor rallies), and falling, and falling....so holding a single purchase, "in every coin", doesn't get the best results.
It's not easy, the real bottom can look and feel the same as 25 false bottoms, then suddenly everything flies high at insane speeds (i.e Namecoin going from ~65 cents to over $10)
Good luck and have fun
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