Diversify...it's the best way. Then you don't have to jump between coins and time things and trying to time things is extremely dificult.
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Diversify...it's the best way. Then you don't have to jump between coins and time things and trying to time things is extremely dificult.
You're right. I've just recently got into crypto (november). My portfolio is diversified.
But there's the thing. I'm always @10% profit. Everyday. I mean it does not rise above it :). Some coins take a dip, and other start to rise. it compensates. But still haven't escaped 10% myself.
The issue is clear to me - I don't take profits. Why? Don't know how (when) yet.
I guess by learning how to analyse charts and learning elliot waves an such - one can more comfortably take profits.
P.S. I do believe in my choices of crypto and probably if I just played COD all year long and checked my balance at the end of 2018 - I'd see big profits. But trading is so much more fun. THAN COD.
I recommend maybe 2-5% for trades and just hodl the rest. Remember the goal is not to lose money. If you successfully trading you can go 50/50 with the profits. To build up your Bitcoin stack. And build up your trading stack at the same time. Be patient. Trading is only fun when your winning.