Top 5 Tips for big gains in 2018 with Crypocurrency

in #cryptocurrency6 years ago

  1. Own at least 1 Bitcoin going into 2018
    Keep investing in bitcoin. Demands means the world when it comes to price action, and Bitcoin is #1 in virtually every category including demand. If you got into the party early this may not apply to you, but If you're just starting I would make it a priority to own at least 1. There WILL be more forks in 2018 and to receive a piece you must own some Bitcoin. So this sucker gives the capital appreciation as well as free cash from the forks (which by the way I'd recommend just holding them unless the coin is absolute rubbish.

  2. Invest In the smart contract/ethereum competitor coins.
    That would be coins like EOS, ADA, NEO, QTUM, and even some underdogs like Neblio (NEBL). Neblio may be at the bottom.of the pack, but it only has 9million total supply compared to billions which the others have. With a supply that small they just need 1 corporate partnership to moon - in fact they practically did pending what you consider mooning. Neblio has gone from pennies to an all time high of 9$ last I checked.

  3. Learn about and invest in ICOs. I believe we learned a lot from our mistakes regarding ICOS in 2017, and believe 2018 could be the year of the ICO. Do your research and invest in good ones and I think you will be very happy with your exponential roi my friends.
    Icobench.com(among a handful of others is a good resource to find strong up and coming icos.

  4. Wait for dips and take profits in Bitcoin.
    This is an excellent strategy to increase your Bitcoin position in coins you are not super optimistic about in the future. It circles back to the first point - this strategy is a nice way to work up towards owning a full Bitcoin without paying full price. You can replace Bitcoin with any coin you are super bullish about in the future. But right now I see no immediate threat to Bitcoins dominance, whereas a coin like ethereum is exposed to.new competitors emerging with better technogy, such as cardano.

  5. Do your research and make your own decisions!
    This may seem a bit general but it's incredibly important. Conviction, strong belief in your coin picks, will allow you to stay strong and hodl through fuds and dips. And that conviction can only stem from research. I could list off a dozen different coins that will likely make you rich if you just hold them... But if you lack conviction, the moment one starts to dip or fud you are more prone to panic sell - a strategy for losers!

Anyways I hoped these helped any new folks clueless about their strategy going into 2018. This isn't the be all end all of crypto strategy, but I think it's a reasonable and concise list that I will following as well. :)

Merry Christmas, and of course this was just an opinion not financial advise. The crypto tips part not the merry Christmas

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