Buying Strategies:
• Buy and hold, without caring about day-to-day (or even month-month) fluctuations
• Buy and hold a core position and add on the major dips; a very powerful strategy
• Buy a certain amount every week or month, and even-out your entry price, without the hassle of timing the market
• Try to catch major turning points to reduce and “re-boost” your position
• Trade short-term movements with stop-losses, targets, and strict risk management (this is trading not investing)
I would not recommend day trading even though it could be very rewarding, I believe it is based on luck more than anything else. Maintaining a portfolio of at least two cryptocurrencies is essential, the more diverse, the better. Dash, Monero, Augur, Golem and Factom in addition to the big five (Bitcoin, ethereum, Ripple, Litecoin and NEM) are the ones to keep an eye on.
Let me hear your thought in the comments