1 month into crypto.
How's this look as a starter portfolio?
I'm keeping another $1500 on the sidelines because I think things are looking awfully bubble-y and there will be a better buying opportunity within the next 6-12 months.
Portfolio is pretty much as I want it, except I want ChainLink too if I can get any during the ico, and might turn some eth for BCH.
Any feedback/thoughts?
if you're trading low amounts I don't recommend diversifying that much, you won't be impressed by the gains and you will start regretting. ie. imagine a coin goes 100% up and you have $20 in it versus a coin going 10% up and you have $800
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Eh, agreed, I figured it was better than monitoring it and seeing it go up with 0$ in it. Also I wanted to buy the different coins just so I had a bit of a stake in them, makes it more interesting to watch them go up/down and you learn more. Also I wanted to practice all the buying and selling while I'm still just playing with chump change, so that I have a better idea what I'm doing in the future when there's more money involved.
Good point though, I'll slow my roll on diversification.
Do you think BCH is worthwhile?
You should invest in low priced coins. Like okcash. Dct. Erc. Lmc. Nxc. Rise. Those coins will rather give you a very nice return in a couple of months. Picture btc doubling thats huge but wont get you heavy gains. A coin like rise could easily go 10x in 6 months time or higher at a price of 6.5k sat atm.
if you want to grow your initial investment fast, I recommend looking at twitter shills and observing a lot before you make your choices. pick coins with low market cap and active development
I feel like ZRX fits that role? But I don't want to buy coins unless I have some understanding of what they do. Or, if I get busy and can't babysit my coins will be generally ok.
Search hive. Its just out 3 days. This thing is solid. Www.hive-project.net
Has a solid purpose with a real world problem to fix. 500 dollars could yield 100k in revenue in a year.
I normally don't post in these threads but it's actually a month ago I started crypto trading. Put in 2100usd and I'm hurting real bad. Could have made so much profit with those two but I just held through the whole dipp and they hurt real bad now. Not gonna do the same mistake again with omg. Sold neo at the dead cat bounce.
Just hold man. Its uselezs to sell. You know why? There is to much involved for it to lose its value. I did the same thing with ans. Sold at 8 dollar. If i held it to 50 i made about 17k. So yeah hold. Delete your blockfolio till october