As we approach the $500 billion dollar market cap.
There are few things we should keep in mind as history can and will repeat itself. The first time we reached and crossed the half trillion dollar mark we began to get a crazy amount of buzz and interest from those who otherwise would say no. Also around this mark is when we began to see the top 10 coins really separate themselves from the rest of the pack.
So here are a few things to enjoy great gains and be protected from flash crashes.
Always keep a portion of your holding in BTC. This will allow you to grab cheap alts on the fly case of an emergency.
Secure you initial investment as soon as possible. Once you have secured this, all other trading decisions become easy.
Don't try and ride every train. There will be plenty of coins that will go bananas if you miss one just wait for the next.
Following these principles have always kept me safe and not forced to sell at a loss. I hope they help you all as well
Follow me @crypto2crypto
i ALWAYS hold BTC LTC ETH.. others - depends!
I am not a fan of ltc as it doesn’t usually hold up as well, but I do hold 40% btc at all times.
Sounds like a lot but this principle has taken me VERY far.
Good advice . It can brinh discipline into portfolio too.
As a rookie investor, I used to NEVER hold any BTC/ETH and just go for moonshots. I feel like I've learnt my lesson during the last bear market where I took a 89% beating from all time high to lowest point due to shitty day trades, investing in COSS which went from $2.40 (first buy in) to $3 back down to around $0.15 and other small market cap coins.
I know that it was tough to go through, but this lesson will keep you strong in the next round.
Great advice as usual. I need to figure out how to get a bigger portion of my stack into btc, have it wrapped up in some longs. I plan to be more aggressive about taking profit and also to try to pin point early on which coins the new retail investors wll look at whereas last time we got a new wave of investors i stayed in my solid tech.
This will be a tricky bull run as most of us are still sour from this past bear. Also profit taking in solid tech is so tough to do.
that is the hardest to take profit from, i agree. the others you know the future isnt bright, but its hard to tell when is a good time to take profit when you think the future is bright.
PIVX LOL!!!!!
Not going crazy about anything and staying realistic and calm should be no.1 of crypto savoir vivre.There are plenty occasions but plenty traps on the market and during the massive grows you can earn but also lose a lot.Really good tips especially securing your initial investment😋📈
It has saved me and I hope it will help others.
I think its an indication of the rising trend!
Every one be.a hodler!
Don't be a jerk :3
shoot Im far from a true holder. I take profits often,
Bitcoin is closing to 10000, whats the next stop? What you say?
Informative.
Thankyou for the advice.
Its great advice, but the majority of my portfolio is BNB that i think also holds good altough it doesn't rally as much as some ALTcoins.
Solid hold for sure, massive gains probably not.
I keep little in BTC but more in ETH and ofcourse my dear steem thanks for the advicr
No worries.
I always keep a little in BTC, a little less in ETH and even lesser in XMR. They are my constant companions and watch over the rest of my portfolio like silent sentinels :-)
You know it, always keep a solid stash on deck