JayJuanGee
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How much alt coin diversification is needed? 0%?


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September 19, 2014, 01:33:41 PM

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Donīt! Honestly, just donīt . Donīt start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

I don't see myself having much choice here

I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower

You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I donīt even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldnīt start any fresh leverage position right now. If youīre in a green short from above 420$ youīre probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But thatīs just my opinion. Be careful

At what price would you say is a clear trend reversal? 500? 550?

Wait for a massive volume downspike and after it shoots up at least 25% and stays there for a time, and everything else looks bullish thatīs the time when you wanīt to go all in. This could be at 150-350$. Probably t30%lower than in your worst expectations. Cheesy Youīll know it then you see those 3-4k BTC buys happening

Podyx has to decide for himself whether he wants to leverage or NOT and whether he wants to buy on the way down or buy on the way up... I think Podyx already knows the concept of buy on the way down and sell on the way up...  but surely there are variations in investment strategies.. and Podyx needs to find his comfort.. and take with a grain of salt any advice from public forums like this... ..

We are NOT investment advisors and we are NOT able to see his whole investment package, even though he had given us several specifics.. .