Crypto Currency

Taking Profits: Why, When and How : The world of cryptocurrency is a very volatile one, just over this week major cryptocurrencies like bitcoin and Ethereum have went up 10-30% and proceeded to dump up to 50% then go back up over the past day. Clearly this is not a market for the faint of heart. But how do you actually succeed in it? Sure, you can try timing the dips and pumps but that might be difficult or unpredictable at times. Instead you should aim to take profits on a pump so that whatever happens afterwards you aren’t as affected.   The principle of taking profits Say you bought 5 Ethereum at $300 each, and over the next week it goes up to $450. If you held all your coins you would be at a 50% profit, but this is risky as you don’t know if it will soon after crash down so you lose your profits or even worse go under $300 so you lose money. This is why you should focus on taking profits on the way up. In this example you could sell 1 ETH at $350, then 1 at $400 and 1 at $450. Thi

  A bulletproof crypto-investment strategy :(To be more profitable) This is quite an old market investment strategy, that is known for years. It only needed to adapt for the crypto markets, to make it more relative to blog readers. Although, as any investment strategy, does not guarantee positive returns - at least not in the short term - it offers manageable losses. The strategy pre-supposes that the market will be bullish in the long term - so it should be used for porfolios you will be keeping for at least 5 years. Bear in mind If you are considerate about security of your investment wallet(s) held with exchanges, this strategy is not for you. While you won't be making transactions frequently, you will need to be making some from time to time, and you don't want transaction fees adding up to your costs. First things first: cash or stablecoins You should hold at least 20% of your portfolio in cash or stablecoins, on set up. This will allow you to be making adjustments to your