My Strategy for the AltCoin Bull Run


My Strategy for the AltCoin Bull Run





My strategy for the altcoin bull run is going to be much different as we seem to be approaching an upcoming crypto bull cycle, so I wanted to let everyone on Hive know what my plan will be.

This year I'm going to attempt to learn from previous mistakes and not spread myself so thin. By doing so, I plan to hold very few alt coins and sell out 75% once I feel we are at the top of the bull cycle. The first major dip after going past previous all-time highs is about when I'll likely be selling.

The coins I plan to hold are the following:

  • Hive - 5%
  • Ethereum - 35%
  • Cardano - 35%
  • Other - 25%

Keeping it Simple

The plan this year is that I'm going to move all my positions to either BTC or HIVE for long term holdings. After the bull cycle this year, I'd prefer to have a lot of Hive because this is how I'll keep myself busy as things die out a bit.

I like having Hive simply for being a whale on the platform, not as much for the chance to sell the Hive. If I do sell Hive, it will be once I have over 25k HP. I might even aim for 100k HP depending on how Cardano and Ethereum do this year. I could be in for a treat, who knows!


Why Ethereum

I'm holding such a large position in ETH because I think there are some fundamental updates coming up that will surely drive an increase in the price. Ethereum 2.0 means that all ETH holders can stake and earn more ETH. That alone should drive the price because there will be less liquidity in the market, and more people will want to earn dividends.

This article nails why Ethereum is a safe bet.


Source: Coingape


Why Cardano

Same reason - Staking.

But, Cardano is going to be epic. Though I don't think this is the year we'll see 100x. I think that will be after Goguen. However, I do believe this is the year we see 10x Cardano and a stable price of around $0.50 - $1.

Again, this is because Cardano's Shelly update means the blockchain is moving towards a fully decentralized staking pool model. This is the biggest update from the IOHK team and it's going to be interesting to see how things play out post the full implementation of Shelly.

Check out Cardano's Roadmap.


What's Other?

One example of a random coin I'll enter is seen in a previous post when I spoke about IOTX.

So that's what I'm doing with 25% of my crypto funds, swing trading and all sorts of other things. I would also group my Hive-Engine tokens and Splinterlands into "Other".

Between various Hive NFTs, etc. I think I have about 4-5k USD in just Hive! I guess that just shows what a Hive fan I really am! I also really get into a lot of the Hive games because the community engagement is so fun!


Sources






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I like that strategy. Are you going to be in and out for the “Other” across a number of them or do you have a few in mind??

Posted Using LeoFinance

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Yea always in and out. Swing trade only. Like with IOTX I'm all out. The profit I put into HIVE. I'm trying to get to 25k Hive around .20... I don't care about it's btc price so much because I'm not swinging. Everything in other is plan to get 100% out of.

I want to hold ETH and ADA long term for staking but will sell 75% may be 100% and rebuy to 25% of the profit yield... still deciding that

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Honestly atm I don't have much in mind because I am watching IOTX right now for re-entry because the amazon listing of UCam isn't out yet and I think will be some fundamental price driving going on with that release. I got a lot of liquid btc in the que for IOTX still haha. Might buy today

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A learning guy here. Diligently and duly noted 😇

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Wow, I see the strategy.
A lot of people are here without any strategy, and just busy changing what they earn, but not thinking about future investments.
I also think that Ethereum in the medium term is going to be a lot more than just talk. And with DeFi sounding so much, it's likely to have a positive impact on their price.
Everything is in worship, but I do think this year for the altcoins should be good.

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Yea I got a feeling there will be a cycle but I think it won't be the same as last time and a ton of people will probably think it will be. I just know I spread myself way too thin last season.

I think ETH is just going to make me money. I don't care about the drama. I mean ADA community doesn't like ETH very much!

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Already Ethereum is going up, actually. I think ethereum has a good chance of continuing to climb in terms of percentage of market capitalization.
It's time to wait and see what happens.
The important thing is to win.

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Agreed. I don't plan on selling ETH until at least 2.0 activates! I think it will eat up a lot of new money coming into crypto. Early on at least.

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