Hello guys! Good day! I just want to share my investment plan which I already share in our local section (Philippines). I am seeking for personal opinion or advice regarding my plan as I just recently decided to invest in crypto which suits my time as I have a day job. I'm not a newbie anymore, Its just that I did not take crpytocurrencies seriously before.
Investment #1: $250 (Allocation from salary)
* 50% ($125) --- store in a BTC wallet, planning to hodl it until the price is right to sell them.
*50% ($125) --- deposit onto my bank account to add in my current savings, which will gain interest but not that much (as saving bank accounts in the Philippines has only low interest rates but I'm planning to transfer all of my funds thru time deposit --- much better interest rate).
Question: I'm using coins.ph as my BTC wallet since I've started into crypto 3 years ago, its convenient for us Filipinos to use it as we can immediately cash-out the BTC stored in it.
1. Will the BTC stored in my wallet will increase its value thru the mentioned wallet?
2. Is there an alternative wallet suitable to my plan?
Investment #2: Earnings from signature campaign
* 50% will go to trading. I did day-trading before (last year) but I don't have enough time to manual monitor the market as I was really busy with work during those times.
Question:
1. Does weekly or monthly trading is advisable to do rather than day-trading?
2. I'm still sticking to my plan on trading known coins or coins that are active in famous trading sites such as poloniex, do known coins is much better to trade or will I go into new ones?
* Remaining 50% will be used in buying ICO's (I'm not just relying on Airdrops or Bounty).
Question:
1. Aside on researching thru project roadmap, whitepapers, dev team, etc. Are there any key points to consider before joining an ICO?
So, what do you guys think? Any opinions or advice will be truly much appreciated! Thank you very much and have a good day guys!
It is great that you are aware of your own situation and is planning on how to use the time effectively.
I will jsut comment on the 2nd investment part. Personally, unless you are skilled in TA and have some basic FA skills, it is usually less profitable to do day-trading. The common advise is always to buy the right coins and hold. You can do weekly or monthly rebalancing of your blockfolio.
For ICO, you can also check other people opinion on the ICO, like ICO spreadsheets, crushcrypto etc. It is also good to know about their ICO structure, like do the pre sale give 100% or more bonus so it wont dilute the price of the later investors. The hype can be a good factor to consider, even a good project may not sell out its ICO, but still can perform well after ICO while a hype ICO is good for flipping but not for long term holding.
