Cryptocurrency Investing EXPERIMENT
How do you know which is the right cryptocurrency to buy? Why not all of them.
This is a thought that crossed my mind recently, what would happen if instead of buying just a few crypto's, you bought as many as you could.
Instead of investing ALOT in a FEW why not invest A LITTLE in MANY and hold for a year or more?
For example, what about a $50 dollar investment in every cryptocurrency on poloniex? Or even $20?
All it takes is for one of those sub dollar cryptocurrencies to blow up like Ethereum or Bitcoin for you to make thousands or millions.
Spreading it out hedges the risk, and increases your chances of striking gold.
Now, what do you think? Would it be profitable to invest in 30 or 40 different cryptos and to hold for a year?
I am not a professional advisor and this is not something you should put all your money into. I am not responsible for any gains or losses this is just an opinionated article about what I think could happen.
The minimum to star in my point of view to make profit is $2500 and evaluate your holdings monthly to 3 months.
I feel with how young cryptos are holding for a year or more could be the most profitable option
In a year you must make profit.