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crypto investing thoughts

gary911

Published: 06 Jul 2017 › Updated: 06 Jul 2017crypto investing thoughts

crypto investing thoughts

i am a buy and hold investor in cryptos. my basic strategy is to find and buy equal dollar amounts of the best cryptos that i can find. essentially, i am creating my own etf. after buying 35 coins in the past few months, what have i learned from the past 2-3 months?

  1. buy in tranches only. ie. 25% of the total amount you have allocated as a maximum. then just wait. if the price runs away, so be it. don't chase any coin. most of the time, i can buy my second tranche at a 25 - 30% discount. if i'm lucky, i get a major discount of 50% or more. if it gets that low, i buy my third tranche. what do i do with the rest of my investing funds?

  2. i keep a cash reserve at all times. i keep it in bitcoin, split up between 2-3 exchanges. when the shit hits the fan during these crashes, you can get stuck waiting forever to get funds transferred to exchanges. i'm already there, ready to pounce on those lower prices. as i save money, i just add to my btc balances monthly.

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