🧠 UPDATE: Crypto Investing Strategy - August 2019
Another month, another update on my cryptocurrency investing strategy. Enjoy!
🧠 Want to get smart about crypto investing? Download my brain here:
https://louisthomas.co.uk/download-my-brain/
▶️ 3Speak
Nice view of city hall. Cool to see. Even though BTC is the front runner right now, I feel that other projects are important to keep an eye on. Market cap is only one indicator of the success of a coin among multiple others. I also have my eye on XRP, LTC, and LINK.
You're very smart this strategy is very useful for middle size portfolios, in my case now i'm buy on each dip, coins like ada,vet,neo,ltc and energi they're my favorite coins for hold based in their projects and kind of blockchain. Regards
I am a little confused whether to buy the established altcoins or the new altcoins . The established altcoins have products or working models. whereas the new altcoins can have a parabolic price rise. So what do you think i should buy? @louisthomas
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Bitcoin is still the most favorite coin today and is always being hunted by everyone. While steaming .. as if walking stumbling. In investing we should buy a few coins. Have a nice day, sir ..
Hi @louisthomas,I use a very similar strategy, now I am buying some coins in a staggered way to keep a good price .
Blessings and happy weekend
Most of the top 20 altcoins have been in an uptrend since the December bottom just like Bitcoin has. Bitcoin is not even the coin that has gained the most. The coins that have been left behind are most of the small market cap coins, including STEEM. Some small caps have done very well but most haven't.
I have a very simple strategy. But it only works with quality coins. Not shitcoins. Split your money into 10 parts. Buy with 1 part, prepare to buy again 50% down with 2 parts, another 50% again with 3 parts this time and yet another time again with 4 parts. Do the same when price goes up 100%! Split your bag into 10 parts, sell the first part when price goes up 100%, two parts when price goes up another 100% and so on!
I'm dollar cost averaging as usual, thanks for asking.