Late to the party, I'm going to get into this shit as part of a wider risk-diversified investment portfolio.
I'm going to commit £50k over 6 months with the aim of:
- Making money (obv)
- Not having the fucking things stolen
- Not losing the fucking things
None of the above is a guarantee.
My purchase strategy is:
- Diversify over a range of coins and crypto- and blockchain-related technologies and stocks (recommendations welcome)
- Hedge by buying over time, £2k / week over 25 weeks
My exit strategy is:
- Hold for a minimum of 6 months
- After 6 months, review overall portfolio weekly
- Sell back £1k worth any week where P&L exceeds £20k profit
- Once £50k is sold back the project is concluded and I'll see what I'm left with.
- No stop loss - these are for pussies
Being in the UK this makes some stuff harder - there are less exchanges etc. but fuck it.
I will maintain a profit and loss account for the venture that I will share.
I'm sure lots of advice will ensue. I will need it.