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RE: Do you Trade or Hold Altcoins?

in #bitcoin7 years ago

It is a tough thing to figure out what to do a lot of times because is is almost impossible not to look at CoinMarketCap and see where stuff is at.

This depends on how much money you have to invest in this space and if it won't affect your life if you don't see any of this money for several years but if you look at it like this. Keep taking bits of money and putting it into these projects you believe in and when they shoot up then take some earnings and take a position in another project you believe in with those earnings but you always maintain a position in all these projects you believe in. That way if they really shoot up like crazy you will still have a hand in it.

If a person can do it it makes sense to always maintain some level of position in crypto because we don't know how high these runs are going to go.

What I'm trying to do is go balls deep on some investments that I believe the strongest in and then keep my toes in the water in several others that I think are solid projects as well.

It is hard to do but I'm just going to say I'm ultimately going to go Balls Deep in EOS. It will likely keep sinking as more of it gets pumped in but I'm cost averaging in and will like to at least get 10,000+ of them. That way when it gets rolled out and everyone realizes it is the most badass thing since Apollo 17 it should be a 10 banger, then a 100 banger and then maybe even a 1000 banger.

But be ready for 90% of the stuff out there to basically be a scam and never come up with anything.

If we experience crypto nuclear winter again like we did in 2015 it will be mentally tough but that is when I'm going to absolutely go all in. Like run up every credit card possible with crypto purchases. Either I get rich or go bankrupt. Don't follow my advice. I'm wreckless but I think we all know this tech is the future.

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I've been hearing a lot about eos. I just went to try to grab some and saw its only on Kracken not bittrex. Debating whether I feel like opening up an account just to buy that coin. I probably will as occasionally you find arbitrage opportunities between exchanges so can't hurt to have another account on one.