I like this strategy :)
What I did some 4 months ago was to allocate 'a lot' to Ripple, and that was just bulls eye wasn't it :) I did that because of their model and most of all because of their management, board of directors and investors. Still today I have up to 25% of my funds allocated to Ripple (and Lumens, another winner of late).
But again, I like your strategy to go into the crypto 'blue chips' !!
Yeah Laurence, it's just the 'blue chip' strategy and it works incredibly well for cryptos too ;) Ripple has done really well recently as has Steem ... 2 months ago I hoovered up Steem at $0.06 and now it's worth $0.73!!
For me right now #1. BTC #2. Steem ; I'm not doing that blue chip thang right now, as I've got holidays to Poland and Israel coming up, plus I want to concentrate on my Steeming as I'm now making 100-150 Steem a day on here now :))
And well deserved ! You have a great blog !
The reason I am heavily invested in 'bank' coins is that I know a lot of affluent people who are interested but haven't bought any cryptos yet, however, when they do (as they are more 'mainstream') they will be buying things they understand, and banking is one of them :)
This post has been ranked within the top 50 most undervalued posts in the second half of May 13. We estimate that this post is undervalued by $13.33 as compared to a scenario in which every voter had an equal say.
Thanks Mindhunter. Ok I'm going to use your strategy using five hundred bucks. The top 10 coins right now look to be, Bitcoin, Etherium, ETC, ripple, LTC, stellar, expanse, tether, dash, monero. Expanse seems to have had a huge jump up today on poloniex, I never heard of it before today. The problem is the only way to buy these coins on poloniex that I know of is to first buy Bitcoin and then exchange it for these coins. Trevon seems to think that this is the time to sell Bitcoin, so I would hate to buy Bitcoin when it's at its highest point ever...... $1811....... and then have it fall before my money even gets into my account on Coinbase.
Bitcoin may have some small corrections, but it's starting to consolidate at the higher price now, so I'd have no qualms in buying it LONG TERM for 6-8 weeks ... that is a loooooong time in cryptos!
I like this strategy :)
What I did some 4 months ago was to allocate 'a lot' to Ripple, and that was just bulls eye wasn't it :) I did that because of their model and most of all because of their management, board of directors and investors. Still today I have up to 25% of my funds allocated to Ripple (and Lumens, another winner of late).
But again, I like your strategy to go into the crypto 'blue chips' !!
Yeah Laurence, it's just the 'blue chip' strategy and it works incredibly well for cryptos too ;) Ripple has done really well recently as has Steem ... 2 months ago I hoovered up Steem at $0.06 and now it's worth $0.73!!
Getting close to those 20 votes baby! ;)
I know, I'm starting to feel it :))
I have Steem as my 5th largest position, bought them later than you, but I'm not selling them that is for sure !
For me right now #1. BTC #2. Steem ; I'm not doing that blue chip thang right now, as I've got holidays to Poland and Israel coming up, plus I want to concentrate on my Steeming as I'm now making 100-150 Steem a day on here now :))
And well deserved ! You have a great blog !
The reason I am heavily invested in 'bank' coins is that I know a lot of affluent people who are interested but haven't bought any cryptos yet, however, when they do (as they are more 'mainstream') they will be buying things they understand, and banking is one of them :)
... and being an old Steemian blockchain pro by then, you'll be so very far ahead of them Laurence. Nice :)
P.S. Why not try this strategy with just $100? = 10 x $10 :)
Brilliant!!!
This post has been ranked within the top 50 most undervalued posts in the second half of May 13. We estimate that this post is undervalued by $13.33 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 13 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
$100K?
Nice strategy. Now if only I had that kind of money.
It works really well with $100 or even $10. I usually use $500 and can easily double my money to $1K :-) Steem on @jeezzle!
Thanks Mindhunter. Ok I'm going to use your strategy using five hundred bucks. The top 10 coins right now look to be, Bitcoin, Etherium, ETC, ripple, LTC, stellar, expanse, tether, dash, monero. Expanse seems to have had a huge jump up today on poloniex, I never heard of it before today. The problem is the only way to buy these coins on poloniex that I know of is to first buy Bitcoin and then exchange it for these coins. Trevon seems to think that this is the time to sell Bitcoin, so I would hate to buy Bitcoin when it's at its highest point ever...... $1811....... and then have it fall before my money even gets into my account on Coinbase.
Bitcoin may have some small corrections, but it's starting to consolidate at the higher price now, so I'd have no qualms in buying it LONG TERM for 6-8 weeks ... that is a loooooong time in cryptos!