RE: Crypto Markets Investment Strategy- minimize risk and leverage crashes!

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Crypto Markets Investment Strategy- minimize risk and leverage crashes!

in crypto •  7 years ago 

Good point on the USDT! I totally forgot to mention that since yes the USDT is thethered to the $ and can be used as a local alternative and is great to park your 30% reserves. Yet, for cashing out your profits my recommendation is transfer these from the exchange and get them in real $. This way if the exchange implodes you are not stuck with the USDT bag.

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  ·  7 years ago (edited)

When thinking about strategies...
Two more thing come to my mind:

  • after another post: some mention a time lag in the trends of the 'following' altcoins vs bitcoin... which could be helpful. I can see that as a theoretical possibility...but not how to use it exactly...For future research :-)
  • maybe the logic itself but: don't judge a coins +/- trends on the trading pairs in your exchange (as the paired currency's trend can create a false impression) but on their absolute value on coinmarketcap...

[Edit: learning as I speak... I just saw JK mentioning in his videoblog there's a hughe risk of USDT collapsing... endorsing your last point :) !
https://steemit.com/cryptocurrency/@jeffreykirdeikis/the-great-crypto-correction-of-2018-what-does-the-future-have-in-store ]

Very good points as well! The laggging trend is interesting one and worth exploring more. As for the true gains and losses of an alrcoin, that is absolutely true! I wrote about this exact thing few weeks ago when ETH was having a bull run and made all ALT coins to drop in price. You can read more on this here.

https://steemit.com/crypto/@galingv/crypto-investors-beware-of-what-does-alt-coins-true-gains-really-mean