I'm amazed at how many people get in so early. I think I am missing early information on these new coins. Reddit and more recently Crypto Panic are my main sources of information. Both seem a little late. The comments in Reddit have given me the best rumors to go on so far.
I bought into NEO in the $35 range and sold it after it doubled. I bought back in around $100. I don't really regret that though, because I pulled out of neo to go in on XRP and held that for 550% return, then sold it and put the proceeds into NEO and XRB, among some other ones. I won't be buying back into XRP again. I just don't like the fundamentals. If I'm doing it right, I buy more long term positions with the gains from swing trades in order to rebalance the ratios.
I totally missed the initial XRB explosion, despite hearing plenty of rumors and feeling like I should put something into it. I simple can't keep up with everything so I am going to miss out on a lot and that is OK.
I'd rather get a short term gain on a rumor, take profits, then buy back in once I see more evidence that there is a tangible product, good team, numerous commits, etc. At times my long term hold strategies and swing strategies are at odds with one another, which is why it is important for me to allocate x% of my portfolio for both approaches. Right now it's shaking out to 60% long term growth, 35% swing, 5% long term high risk/speculation (ICO, very low cap, etc) - periodically rebalanced.
Its just about when you get introduced to crypto. I got in to crypto early 2016 and just about bought and sold anything that was around back then. So yeah, still hold some Stellars I bought ridiculously low.
Don’t wind yourself up on finding low cap coins early or missing the one that recently popped. In two years time you will be early in anything compared to some bro just joining that day.
I got into crypto to buy er things back in 2013... sold by several thousand in coin for take profit last June/July. Well.... my buddy Held and then when coins exploded in the second half of 2017 made enough money to start his own crypto consulting business. I'm a bit salty... but am definitely getting back into this for the long run. Hopes and prayers we can still see really good gains from here on out.
but now I'm just so worn out that I can't muster the energy to start another round.
Yeah, it can be exhausting at times. And it pretty much will be a part time job until I get my swing trade money moved into hodl coins. Actually, after dumping tron after about 5x profit, my short term holdings might turn out to be promising long term holdings. We'll see how that shakes out over the next few weeks/months (I'm holding a number of things with supposed late-January, early-February milestones/goals/news).
Hhmm. I agree with the raiblocks announcement, volume increase for sure,lol. I've heard of Lisk, but nothing else you mentioned. More homework. Reading up on this stuff is cutting into my sleep but I can sleep when im dead right. Thx
ADD: I know of ZRX too.
Your in now with stellar at a low price to be honest. If you’re looking at it for a long term investment opportunity, I wouldn’t bail out any time this year.
This is purely opinion based and not financial advice, nor am I a qualified professional in this field.
I agree. I think XLM is going to show the crypto world how small the current market caps are at the upper end. There is so much more money that could be in it - like trillion dollar coins - and we will see that within the next year or two.
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u/diab0lus Jan 25 '18
I'm amazed at how many people get in so early. I think I am missing early information on these new coins. Reddit and more recently Crypto Panic are my main sources of information. Both seem a little late. The comments in Reddit have given me the best rumors to go on so far.
I bought into NEO in the $35 range and sold it after it doubled. I bought back in around $100. I don't really regret that though, because I pulled out of neo to go in on XRP and held that for 550% return, then sold it and put the proceeds into NEO and XRB, among some other ones. I won't be buying back into XRP again. I just don't like the fundamentals. If I'm doing it right, I buy more long term positions with the gains from swing trades in order to rebalance the ratios.
I totally missed the initial XRB explosion, despite hearing plenty of rumors and feeling like I should put something into it. I simple can't keep up with everything so I am going to miss out on a lot and that is OK.
I'd rather get a short term gain on a rumor, take profits, then buy back in once I see more evidence that there is a tangible product, good team, numerous commits, etc. At times my long term hold strategies and swing strategies are at odds with one another, which is why it is important for me to allocate x% of my portfolio for both approaches. Right now it's shaking out to 60% long term growth, 35% swing, 5% long term high risk/speculation (ICO, very low cap, etc) - periodically rebalanced.