I am actually a lazy crypto enthusiast. I've never been so busy with it, and if I look at a number of coins like this.... I wish I had done it sooner hahaha. I have now, as an experiment, applied a strategy that makes me wonder how many people are using it.
It's a balancing strategy. It sounds simple, and in terms of work it is, but you have to keep up with it, at least 1 or 2 times a day. I would also like to mention that this is not a tip or advice to anyone or everyone. Everyone should do their own research.. But like I said, I want to give this a try.
It works like this, it is based on Bitcoin.
You have at least 0.001 bitcoin (about 500 euros). Depending on the trading platform, something more may be required. You ensure that you get 10 (alt) coins in your portfolio, which you have to buy with that bitcoin:
- Bitcoin
- 3 Coins Competitor to Ethereum
- 3 coins that have their own blockchain
- 3 coins that have a high market cap (you can find this on coinmarketcap or the like)
Now you have to make sure that you have 10% of each of those coins (including the bitcoin). You divide your bitcoin among those coins and make sure that you have divided each coin (in bitcoin) equally, so 10%.
When you have arranged that, you ensure that your portfolio remains in balance. That means that you look daily, when a coin has more bitcoin value (2% or more) then you sell that part of the coin until you have 10% again. Conversely, when a coin has a lower value (2% or more) you buy again up to 10%. All with bitcoin.
It is said that you can achieve a stable and good return with this, or so time will tell. But I've put it to the test :). I'll keep you informed.
the fanatic that I am, I do have an excel sheet in which I want to record the developments on a daily basis so that I can easily see whether it works or not :)
Have a nice evening everyone,
Peter