You are viewing a single comment's thread from:
RE: Beginner Crypto Trading Strategy
Good post! We recently sold everything but Steem. Predicting another large drop to buy low again. Good strategy? We shall see.
Good post! We recently sold everything but Steem. Predicting another large drop to buy low again. Good strategy? We shall see.
Personally, I never ever go all in on one coin. I also absolutely never sell all of any coin that i have (unless there is a major technical reason why the coin is dead). . . .I'm not saying yours is a bad strategy, STEEM may join the billionaires crypto club very soon and you'll do awesome. But what you're doing is much more risky than what I suggested in this post....Something goes wrong with Steem, you lose everything. It'd suck for me too, but at least i have other coins...
I see your point and we will buy back and diversify very soon. We held between 5-6 alt coins at a time. We don't have a ton invested either, so it's not a big loss for us. I can definitely see why it's not a good strategy for the big players or whales in the game.
Definitely! But I think its universal as well. All eggs in one basket, even if you only have a couple eggs, is still a sketchier place to be....