, No. 1 Bitcoin writer on Quora worldwide
The best time to get back into cryptocurrency was 2 months ago (august 2018), when it was down the most at $5,800.
Now, is the second best time to invest into crypto. When Bitcoin is very cheap at $6,500 everyone is scared and won’t buy Bitcoin, but when Bitcoin is $20,000, evereyone wants to buy Bitcoin and takes out loans and sells their house to buy it. They buy high and sell low, but you need to buy low and sell high. Duh.
You need to do it how Warren Buffet says it:
“Buy with the cannons, sell with the trumpets.”
“Be greedy when others are fearful and fearful when others are greedy”.
What is your investing strategy for cryptocurrency in 2018-2019?
I’ll just hold on to myand keep watching potential new S-Tier coins such as MatrixAI, Quarkchain, Holochain, which can all do 500,000 TPS while still having really good decentralization.
I expect BTC to go up first to around $50,000 over the next 6 months and will wait until it does 7,6x within 37 days. At that point, Bitcoin will have done a 10x.
Then, I will sell the majority of Bitcoin for all my S-Tier coins of which some will probably do 100x and maybe 1–2 will do 1,000x.
Then, I will have done a total 10x from Bitcoin an average 50x on my S-Tier coins making it a total of 500x return.
This is the best case scenario. Since you never find the perfect selling point and also always do some wrong trades, my portfolio will probably end up doing a 100x-300x return in the end.