Crypto Investing Strategy - Altcoin Checklist and Research Process by Dave Wirth
In this video i try to cover things to think about before investing in Bitcoin or more particularly, CryptoCurrencies. Don't just jump in 100%. Take your time, decide which path is best for you. Understand what you are trying to do, whether that's making a quick buck and getting out or are you in it for the long haul. What are looking to do - Short term gains or Long term investing My Altcoin Buying Checklist: - It it Unique - Does it serve a real world purpose - Check out website - Employees credentials - How far along are they in the process - Whitepaper (skim through) - Is this a company that is in it for the long term - Is the value still low or already at all-time-high - What will it do in the short term - What do the trend lines look like Don’t go All-In based on the masses comments, think of that as risky 50-30-20 meaning 50% Bitcoin or Ethereum 30% in top 20 - 20% in top 100 At a risky minimum, have 50% in top 30 and 50% in 30-100 Always own Bitcoin - History - December 6-7-8th ... Bitcoin up, Everything else down 20% The best strategy for most people is to buy it and forget about it for 10 years. But hopefully you buy coins that are still around then. Don't be impatient, don't fomo. Sometimes the hardest thing to do- is to do nothing. When all you read is people talking about how they bought some new coin and went up x00%. Just be right about the few that you invest in, you don't have to get all of them.
via YouTube https://youtu.be/2BNgZjYknXA
In this video i try to cover things to think about before investing in Bitcoin or more particularly, CryptoCurrencies. Don't just jump in 100%. Take your time, decide which path is best for you. Understand what you are trying to do, whether that's making a quick buck and getting out or are you in it for the long haul. What are looking to do - Short term gains or Long term investing My Altcoin Buying Checklist: - It it Unique - Does it serve a real world purpose - Check out website - Employees credentials - How far along are they in the process - Whitepaper (skim through) - Is this a company that is in it for the long term - Is the value still low or already at all-time-high - What will it do in the short term - What do the trend lines look like Don’t go All-In based on the masses comments, think of that as risky 50-30-20 meaning 50% Bitcoin or Ethereum 30% in top 20 - 20% in top 100 At a risky minimum, have 50% in top 30 and 50% in 30-100 Always own Bitcoin - History - December 6-7-8th ... Bitcoin up, Everything else down 20% The best strategy for most people is to buy it and forget about it for 10 years. But hopefully you buy coins that are still around then. Don't be impatient, don't fomo. Sometimes the hardest thing to do- is to do nothing. When all you read is people talking about how they bought some new coin and went up x00%. Just be right about the few that you invest in, you don't have to get all of them.
via YouTube https://youtu.be/2BNgZjYknXA