Been reading a lot, you probably saw my post about just beginning with crypto.What is your strategy? I have read about people doing it different ways. I personally think day traders are basically gamblers, but if they can get away with it, more power to them. A lot of risk.I feel like Identify more with the HODL mentality, holding onto an asset and seeing where it goes over time. Long game, I guess, not much different from people investing traditionally.Kinda figure I'll keep things as diversified as I can, and if something hits well, I'll go ahead and sell and sell a portion, keeping a portion of the asset for additional speculation in the future. Reinvest a portion of the earnings into another crypto I have my eye on, or just set it in a savings account. Wash, rinse repeat. If I see I'm losing money or the forecast doesnt look good for a coin, I'll just back out and convert to a different coin, again keeping a bit for future speculation.And as always, never investing that which I cant afford to lose. Do research every day, and watch out for the bullshit.
Submitted November 18, 2019 at 12:26AM
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