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RE: Expanding my Crypto Portfolio #1 - Choosing Parameters
With the half-life of some crypto being so short, wouldn't it be more sensible to review every 3 months instead of a year ?
With the half-life of some crypto being so short, wouldn't it be more sensible to review every 3 months instead of a year ?
My plan here is to try to think more on the long term based on fundamentals, trying to find the projects that might have a good Future perspective of delivering something valuable and useful.
Also, my bet is that we Will probably see the same thing that happened last december/january.
Meanwhile i Will be monitoring prices and news about the chosen coin. If we have a record high, might take the profit, and If we have any catastrophic event on the project, i might take the loss.
Since i am not to put my life savings, It Will be also a good experience to improve my fundamental analysis.
Sounds like a good plan, at least you have a plan instead of buy-and-pray like everyone else :-)