If we are going to start with 100 dollars,
we should divide it into top cryptocurrencies which have greatest market cap. We can find most cryptocurrencies for this task on CoinMarketCap, and it is very useful for finding new opportunities quickly.
Here, just look at the top 10 currencies and choose the five currencies of our own choice. Then, put our $ 10 in each currency, the remaining 50% can be used to enter the market on one or two risky coins for short term benefits. The $ 50 we put into coins with highest market cap is long-term trade.
We can put $ 50 in other coins can be easily changed depending on the market conditions. Our goal should always be to maximize long-term holdings. Short-term trade means 3 to 4 weeks trade. Do a maximum of four or five trades each month.
For short-term trading, it is important to look for coins that have fallen 50 to 60% below all-time highs. This is because the risk of loss is very low even in the absence of profit. You are literally buying down the price. buy tokens that are going from very low to high, no matter how tempting you are to get into the pump that has already started.
When our $ 50 triples, add half to our long-term portfolio and keep trading with the other half. Once we get a little more capital, keep 80% for long term benefits and keep trying to triple 20%. Because of this, the amazing benefits of the first few months will be that we will be tempted to continue trading for as much money as possible.
If you have a solid plan to move forward with, I suggest you just spend a few weeks learning, reading and accumulating before starting a trade. We should always keep an eye out for new ideas and helpful sites.