But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.
What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.
Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?
Any input welcome.
Personally, I have this strategy to invested initially at $100k, this is just me though.
Why $100? because that's the money that I can afford to lose in crypto. I'm sure you have heard this old adage before. And then I'll slowly re-invest if I have extra money and then hold for long term. This is just a basic strategy that you might use or you can make your own version out of it.
I usually don't trade though so I prefer long term hold and then portion by portion investment.
I would also suggest that you experiment yourself though, what fits your style of trading/investment.