What type of crypto investment strategy do you employ?

Just curious what investment strategy is most popular among crypto enthusiasts around here?

I don't like to use the word investment and cryptocurrency because all of the popular cryptocurrencies are controlled by the Gambling community both by the applications that are built on each of the coins blockchains and because some of the first movers were casino owners. Cryptocurrency is a gamble to say the least.

So I should have titled what type of gambling strategy? Hmm... it does ring true, doesn't it. Haha.

But then again, investing in any anything is a gamble. Stocks, bonds, commodities, forex, it doesn't matter. It's all a gamble. And I would say, some of the players at the top of those investments are no less crooks than casinos.

tried and true: HODL

I've bought cryptocurrency one year ago now I'm waiting to see if they go on green...

Most people are part of the HODL- gang.

The hold mentality is a bad strategy as it is recommended to lock in profits when they are presented to you. A lot of times people do not lock in profits when they see big green candles. As a result, when the chart turns bearish these people will be stuck bagholding in the red waiting for it to go up again. There are many, many many examples of this.

Bagholding results into a lot valuable time lost as you are only focussed on the loss instead of new trades where you could potentially profit. It is recommended to lock in profits and move to the next play. You can always come back to your favourite coin and buy it at a cheaper price later.

The same principle applies for a loss, cutting your loss quickly and moving on to the next play will allow you to not baghold for ages and you keep your loss small.

The time-cost average is way too high when holding.

I shifted a fairly broad crypto asset portfolio into ETH, when the bubble burst a year ago.

Large institutional investors are suppose to be moving into the crypto field so hopefully values steadily rise. And that in turn leads to irrational exuberance like 2017. Markets have very short memories.

If that happens, then it is time to move back into alt coins where there is way more potential to hit the jackpot.

Thanks for the responses. IT was more of a personal curiosity. I know most people hold, which is not my strategy as I'm a day trader.

Even more interesting is to see BTC busting out a $500 gains the last two days and testing $4k. Question is always the same. Can it hold the new levels?

CryptoKujira said:

Even more interesting is to see BTC busting out a $500 gains the last two days and testing $4k. Question is always the same. Can it hold the new levels?

Click to expand...

I only check in on the crypto field every week or so since the long freeze set in. I saw a headline on zerohedge about some of the big US institutions finally shifting capital into the crypto market. The long crypto winter could be coming to an end! I might have to start keeping a closer eye on the market.

I love to buy at the breakout points