What to do with your cryptos after the new BTC hype?

in #cryptocurreny7 years ago (edited)

Ok Folks, 


Sadly I have almost no time to post. But I love reading the articles - and I love cryptocurrency! @jerrybanfield is married with his currency - steem :) (You shouldn´t tell everybody jerry). For my part, I am convinced that the best solution to held your cryptos is to diversify


The debatte on BTC isn´t over yet. There are lots of more things to do to install SegWit. People should know it. But I think, people don´t know and now they celebrate the hype. 

So, here my advices:

If you are investet in altcoins these days - do not touch the investment. Of course, BTC jumped from 1500 EUR to 2300 EUR in one week and the altcoins fell in relation to the btc. But in relation to FIAT like EUR oder USD even the altcoins rose. Do not get panic! 

If you are not invested:

Longterm: Buy. Buy BTC (price will rise, definitely).Buy Ethereum Classic (the better ETH I think and much cheaper), buy XMR and buy LTC. The "big" coins will rise, if you let them.

Midterm: What is midterm? :)        There are two ways to handle cryptos: You buy to sell or you buy to hold. Do you buy to sale, you need strong nerves and maybee a little knowledge of how the market, especially the stock market with its charts and so on, works. Let me give you an advice if you have no idea, why a candle is used in a chart: Just buy longterm (to hold)! But do never buy Scam-Coins, do never invest in an ICO.

Shortterm: Chose a Coin and watch it for at least one week. If you have a look on the market regularly, you can skip that and buy a coin when it is rising. Take a limit, for example 20%, then you sell the coin, or at least the win of 20%. Why? Cryptos are volatile, nobody knows why coins like emc2 do jump from moment to another. If such a coin rises, everybody is buying with the intention to sell. Often the price is falling down so fast that you cannot sell to an good price. Often you lose. Sad stories I heard. So take your profit and say goodbye to the coin. That´s the way you earn money with cryptos. Believe me, your sleep is much better with a win of 0.1 btc than with a potential win of 0.2 btc :)


So, at the end (RIP Chester Bennington) imagine a picture and a video. 

I have no time to add a nice, meaningless picture. Or a nice, meaningfull video with the same content. Although I look really good. 




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