Quote:
Originally Posted by Trivers
So in all seriousness...
So does one approach Cybercurrerncy investments as day trading timing and flipping; or as buy and hold?
Is it better to buy BTC at 57K and pray it goes up to 100K
or buy numerous alt coin at 25 cents or several dollars and hold them till one of them goes to $100 or $1000, etc.
What approach works for you?
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Avoid alt coins imo, especially being new at it. Check out the year + charts for Bitcoin and Ethereum...yeah there are dips but over time they always go up. I have cashed bitcoin in several times for nice profits just in the last year then bought back in...rinse and repeat. Chances are if you pay attention and buy into a decent dip in either or both, within a few weeks to a few months you'll see a 25% + profit. Hell, even if you dont wait for dips you'll still end up profiting if you hold long enough. The days of worrying about Bitcoin/Ethereum being worth zero are long gone, too many big dogs backing it now.