What if you already have your money in a certain currency, is it better to stick with it or cash out? I’ve got a great scenario for the situation because I currently have nearly everything tied up in Dash. I have a Master node which then actually make a payment to me for a hundred or so dollars every week at the current market value. I think if you have something that actually pays you out like a master node or you got a node, it may be best ideal to hold on to that and keep receiving the payments even if they the death price plummets. I still got my masternode payments coming even if they’re really small. This cryptocurrency trading strategy may not feel comfortable but holding on for me that has paid off huge.
If your doesn’t pay you out somehow, I believe it’s best to diversify! that said if you have a way to promote the currency specifically it may be better to stay in that one currency and promote it for example if you’re holding Ripple and you just love her and you’re sure.
If you have a way to promote the currency specifically and maybe better to stay in that one currency and promote it for example if you’re holding Ripple and you just love ripping and you’re sure Ripple going to go in your active Ripple Community member anymore.
All your friends and family about Ripple and you making YouTube videos about Ripple then maybe it’s best to just hold that one currency and might also be best to diversify somewhat maybe sell half a quarter and put it into some of the others using the strategies I’ve shown now from me if I sell any of my masternode I don’t get the benefits anymore so I’m kind of stuck in the sense that I need to keep my master know to get keep getting the rewards and that’s what’s good about it I think is it essentially tries to lock in a significant percentage of the whole market so that people don’t just trade it then there’s a huge portion of the dash more than half of all day Thousand last week if I would have just like taking a loan or something or ask my wife for money but if I wanted to buy one now it’s $15,000 which also pay out at a good rate but the same thing if you got all of your currency invested in one you’re very vulnerable to something happen with that particular currency if you’re invested in a bunch of different currencies you’re not likely to get a really high up side for example if you absolutely love zcash in your crazy fan you might not make it much like 20 times like for example if I’d had my crib all of my money spread across the whole
Zcash goes up to being as much the Bitcoin you might make 20 times what you have in zcash you might not make it as much like 20 times like for example if I’d had my crib all of my money spread across the whole Market at the beginning of 2017 I probably would not have made if I had 10000 spread across the top currencies I don’t think I have made I don’t think I’ve gotten about a $60,000 increase in it but I probably would have gotten eight thirty or forty thousand in it
Have Made It by that 10,000 spread across the top currencies I don’t think I have made I don’t think I’ve gotten about a $60,000 increase in it but I probably would have gotten 8:30 or $40,000 increase in it now while Bitcoin didn’t go up that much at Darien went up a lot Ripple Litecoin
Look and say okay what’s best for me I went all in with Dash because I also have the ability to promote it what I noticed in Tony Robbins money Master the game book one of the world’s top investors I forget their name but if you read all or listen to the whole 14 Hour audiobook or 600 page written Book You’ll see exactly what I mean and they’re one of the investors said that if you can make your own opportunity that’s one of the best ways to do That said he thought it was undervalued when everyone went in there and not everyone obviously but a bunch of people all went and bought Apple stock right after he said that that’s what he did the next time we balance is portfolio he sold a bunch of Apple stock and put it into his other stocks that’s an example being able to make your own opportunities and you can make your own opportunity
Can make a gigantic difference if the total market cap 30 million dollars on say game credits your investment and game credits I just made one today for something like $12 my investment and gamecredits makes a lot bigger difference than it does in Bitcoin my $12 is nearly Irrelevant in Bitcoin when I go down and look at some of these others though my $12 starts to be a significant investment as you keep scrolling down But $12 in 1997 noticeable that’s a rounding error if you put $1,000 you’ve got a significant part of one currency it might be better to be a big fish in a small pond there for ripple I wouldn’t say it’s a small pond but it might be better if you really loved one of these in your your raving fan it might be better to be holding a significant percentage of the whole Market instead of trying to just be one of the many voices.