Good choice that's setting up for an excellent return. The question will be will you hold past the $24 or sell. In fact this is my question for all but a few of my positions. When should someone finally sell and take profits. I'm mostly holding long positions but am starting to dabble in some trades.
If you look at Apple or Microsoft at their beginning and would still be holding today, you would be up incredible multiples. Microsoft looks like it was $0.12/share in 1986. Today they are at $86.35/share. You would be up today 718X. I believe the underlying blockchain technology to all of these cryptos has a chance to repeat the big tech winners from the 80's.
But still can't know which will survive. I see cryptos being like the dot com boom. Many website IPO started but a very small percentage of them are present now. Many cryptos are available right now, but only a few of them will survive over time.
Go to coinmarketcap.com and start clicking on cryptos. When you go to one of their pages, you will see in the upper left hand side a link for their website. Look at what the business is behind the crypto and decide if it is well conceived, solving a real problem, creating a big opportunity to disrupt a market or it's simply a me too crypto. Only invest in the ones that have a real business in the making. I've read on some of the websites completely general blah blah blah and I run from those.
I remember them but was still in high school so not even a thought about investing in them back then. We have another life changing opportunity in front of us. It a great time to be alive and investing!
I agree with you, it is a great time to be alive. I invested a lot in WAVES and STRATIS in October. But now I have sold some of them to buy other coins like VIBERATE. VIB is my favorite coin at moment.
Good choice that's setting up for an excellent return. The question will be will you hold past the $24 or sell. In fact this is my question for all but a few of my positions. When should someone finally sell and take profits. I'm mostly holding long positions but am starting to dabble in some trades.
If you look at Apple or Microsoft at their beginning and would still be holding today, you would be up incredible multiples. Microsoft looks like it was $0.12/share in 1986. Today they are at $86.35/share. You would be up today 718X. I believe the underlying blockchain technology to all of these cryptos has a chance to repeat the big tech winners from the 80's.
I’m thinking same thing MICROSOFT 🎣📈🌊💰💰💰💰💰💰💰💰💰🚀🚀🚀🚀🚀🚀🚀💰🚀💰🚀💰🚀
And buy when haejin says to buy or wait for a big correction. Be a contrarian and you will do well.
But still can't know which will survive. I see cryptos being like the dot com boom. Many website IPO started but a very small percentage of them are present now. Many cryptos are available right now, but only a few of them will survive over time.
Go to coinmarketcap.com and start clicking on cryptos. When you go to one of their pages, you will see in the upper left hand side a link for their website. Look at what the business is behind the crypto and decide if it is well conceived, solving a real problem, creating a big opportunity to disrupt a market or it's simply a me too crypto. Only invest in the ones that have a real business in the making. I've read on some of the websites completely general blah blah blah and I run from those.
I remember those days :)
I remember them but was still in high school so not even a thought about investing in them back then. We have another life changing opportunity in front of us. It a great time to be alive and investing!
I agree with you, it is a great time to be alive. I invested a lot in WAVES and STRATIS in October. But now I have sold some of them to buy other coins like VIBERATE. VIB is my favorite coin at moment.
me to! Intending to hodl those for a long long time to come yet ;)