Hi Friends!
I like long term crypto investments!
My daily strategy is to sell parts of my shares if they have over 20% gain and buy crypto shares from the day's loosers and repeat this procedure every day (Kind of a rotation of shares).
But in order for this to work these shares need to be profitably in the long term.
I would like to know which of these cryptos I should keep long term and which are not promising in your opinion.
That is a good strategy. It is hard someone to predict which altcoin has sugnificant potential for growth in price. It is a little intuitive to make the correct investment and in my opinion it should go through a deep investigation on the technological ideas that stays behind it. In this aspect not every coin or token is suitable for investment in the long run.
P.S. I am very suspicious, for example, about the Putincoin or Trumpcoin as they have not any future at all (though its growing proces recently).
Agree with you! Not every coin will survive, we need to choose wisely :-)
As I learned from internet and from some successful bitcoin traders.
We should go with currency contains high volume and not high price. I am not a expert in this but as you can see if volume of the currency is more supply and demand flow will not stuck to specific limit..
I have invensted in Litecoin and Dopecoin till now.. and I am not expecting profit from this investment because I invested 5000 INR just to learn.
I can suggest that if you have enough coin like 20000 bugs. You can buy 4 coins worth 5000 bugs each contains high volume. keep it for auto buy when price go low (Feature of bitrrex ). and again keep for auto sell to sell at higher price.
If you have successfully complete buying
Thank you! I am doing research on volume also! Good point!
I agree... Putin and trump coins..... really? Why?
Get some Ether, too! I think we're in a bubble. If it splashes, you will get a good price - maybe for the last time.
Ripple, Gulden and Dogecoin are good long-term investments in my opinion.
I like your strategy. I hope you will be succesful!
Thank you for your comment! Success :-)
you're welcome ;-)