rWe seem to be having strong support with BTC at the 8K USD point. This has been a solid week for crypto in general. There is a higher probability that the crypto market crash is over. Don't expect to see they same price strength we saw in December, but a more gradual come up.
If you didn’t already diversify before, do it now. Use your cash positions to buy up some different coins. Top 50 coins per market cap should be the highest percentage of your portfolio (~50%). Large cap, or top 5 should be roughly 30%, and anything below top 50 should be 20%. This is one of the best ways to mitigate your risks. Usually, for high risk investments/ high return, look for coins that have recently ICO’d and are in the 100-300 in terms of market cap. Here is where you will see the most gains, but also potentially the highest risk (be careful/ have stop losses). Any gains that you have you should reinvest into higher market cap coins so you can have a safer place for your profits. Don’t pull out of the market unless you have a lot of uncertainty in the market or you need the funds (tax implications).
BTC as an indicator of the entire crypto market. If you can beat #BTC gains with your ALT portfolio instead of just holding in #BTC, you are doing a good job. If the opposite occurs, you need to make a lot of adjustments to your strategy/ portfolio.
