How to survive and THRIVE in 2018 in the Cryptocurrency Market - What to buy and hold during the Ups and Downs in 2018?

in #bitcoin6 years ago (edited)

How do you survive in such a bipolar market such as cryptocurrencies.

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ABH? Always Be HODLing - Bitcoin, Ethereum, Litecoin, Ripple - then diversify a small percentage into the smaller 'lesser' coins.

Where in the same month you could have double digit percentage gains and losses day-to-day on individual cryptos?

The answer is that you have to DIVERSIFY and Hold the stronger cryptocurrencies mainly.

There is tons of 'hype' about technology and better stats around coins like Tron or Verge. But really Adoption (how many mainstream people know about or use the coins, and how they've been used in real world situations) as well as proven STABILITY in long term hold situations (bitcoins track record when you look at it over the last 8 years has been huge steady parabolic rising.

To some it may look like a bubble and is too parabolic...because it's a transformative and disruptive technology and completely new asset class.

These are the blue chips of the cryptocurrency market:

Bitcoin 20-40% of portfolio
Ethereum 20-30% of portfolio
Litecoin 5-20% of portfolio
Ripple 5-25% of portfolio
Bitcoin Cash (beeecash) 3-15% of portfolio
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There are also a lot of "mid cap" long term coins that have some proven uses, adoptions etc and have a lot of potential. They are more 'stable' also tend to be vetted and more accepted by the crypto communit:

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(I recommend the below for growth and buy and hold for 2018)
Monero
NEO
STEEM
EOS
Siacoin
ZCash
Golem
Stellar
ADA
Lisk
Qtum
NXT
Civic
TenX
0x
NAVCoin
Ardor

These have been around longer and have good adoption and proven uses.

The Mid cap and long term hold blue chips might not be as 'sexy' as the 'new kids on the block' ie
(These are not solid 'buy and hold' coins)
Vege
Tron
Raiblocks
Faircoin
Voxels
Other Sh*t Coins.

These small cap high fast rising coins are the one's that can dump on days like today 1/14/2018.

The most essential take away is to DIVERSIFY

My portfolio consists mainly of the tried and true coins.

Bitcoin, Ethereum, Ripple, Litecoin.

These coins have taken hits ups and downs and are still around today.

Bitcoin is still KING in 2018
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Bitcoin really leads the pack as a store of value. Even if you're getting tired of hearing the words "store of value", there is a reason for that. Bitcoin is the most known of all the cryptocurrencies by the common fold (the herd, mom-and-pop investors, and large wall street institutional investors [you know the one's that have 500B that will FLOOD the market in 2018])

The new currencies have already seen 50-1000% gains in weeks

Buy and HODL. Start with the large cap cryptocurrencies that are established and true:

Bitcoin
Ethereum
Litecoin
Ripple

Then, spread your risk and diversify about 1-15% into smaller caps. Don't trust all the Youtube hype it's a lot of BS and shilling sh*tcoins.

Disclaimer:

This is not financial advice. I'm just a guy that follows cryptocurrencies and has been investing for a couple decades. Do your own due dilligence, don't trust the 'hype'. Don't invest anything you're not willing to lose!

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Very good write up! Diversification is definitely important,but hopefully we can see another market bull market this year :)

Thanks buddy :)

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