I was trying to work out a strategy to get into Bitcoin but didn't think that $100 of Bitcoin would get me much when the price is around $15,000 for one bitcoin.
However what I think is that since there are over 1300 other cryptocurrencies out there then there should be some that could become a new favourite with investors who feel locked out of the Bitcoin goldmine.
I used to dabble in penny stocks a while back but this was hard to crack due to the sheer number of them and the wide range of industries that they were spread across. Altcoins, on the other hand, are in the cryptocurrency industry only.
So I figure that if I apply the checklist that I provided in my previous post (the link is: https://www.coinstaker.com/forget-bitcoin-altcoins-watch-2018/), invest $100 in each of 10 altcoins then my chances of investing in one winner is pretty good. And I'm only risking $1000 that I can afford to lose, although I don't want to lose it because a thousand dollars represents a few beers!
What are your thoughts on this strategy, does anyone else have a strategy to invest in cryptocurrencies?
Your thoughts on my strategy, or any other strategy would be much appreciated.
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