What Next?
Hi, hope the segments of post has been informative.
Hopefully by now you have got yourself a digital wallet and verified (almost?), maybe transferred some $$ in to it,
How much should I start with? how much did you get started with?
For the first question, it all depends on your own financial situation, and what are you willing to lose if it goes bad. I was told or advised to only put in 10% of your investment portfolio. What the hack does that mean? It will mean nothing, if this is your first investment in to something that will/may generate an income.
For the first question, it all depends on your own financial situation, and what are you willing to lose if it goes bad. I was told or advised to only put in 10% of your investment portfolio. What the hack does that mean? It will mean nothing, if this is your first investment in to something that will/may generate an income.
Well I have been thinking about Bitcoin over 2 years and I only decided to take the plunge in JUNE 2017, I gave myself a budget of 1K like everything we do (Right? well maybe..) and also gave myself a time line to learn and explore this space of 6 months.
Right, so you have just made your first buy in to bitcoin, Congratulations!!!! what next, what should I do with this and is there a strategy to this?
Like all investments you have to strategise how you plan on getting in and also how you plan to get out with more then you came in with and also make the most while you are in there.
1. #HODL Hold On to Dear Life, what is that? this is where you have bought some bitcoins/ alto coins and you just hold it in your own wallet... and wait... only sell when you need some $$
2. You can buy and sell, buy low and sell high and repeat..
3. Buy, watch it grow, when it x2 sell half, and when it reaches x5 sell half... then just let it be see how far it goes....
4. you could do the same as 3, the only difference after x2 or if you manage to reach x5, you buy again if it drops when it gets in to the correction cycle with the same $ you sold.
2. You can buy and sell, buy low and sell high and repeat..
3. Buy, watch it grow, when it x2 sell half, and when it reaches x5 sell half... then just let it be see how far it goes....
4. you could do the same as 3, the only difference after x2 or if you manage to reach x5, you buy again if it drops when it gets in to the correction cycle with the same $ you sold.
I think I have ran out of brain cells, There are many ways to go about this. I think we will look in to Trading high and lows, Arbitrage trading, mining on platforms/DIY and All done for you platform in a few other coming post.. cant wait.
Till the next post. Hold on to Dear Life!!
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