X10 is the most effective strategy I used so far , here I will share it in details
Crypto space
The nature of crypto market is instability, in deed it the most volatile market with sudden unexpected move that can beat you to your knees if you don't know how to deal with it , it is a wild beast 😈 obey no rules , I have been hit , fall down and lost some cash 💰 😱 tell I quit for 1 month in the beginning .
First of all one should be careful and start with amount of money he is willing to lose without bite himself, most probably first time is bad.
I think investing in Altcoin is risky as betting or gambling 🎲 , there is some data & info you can collect about each coin but the manipulation rate is high , actually you can't say about any Altcoin released before months it is not a scam 😶 , the most challenging is differentiate between real ALTCOIN & SHTCOIN .
X10 strategy
To invest in 10 coins with 10$ in each then increase it to 100$ in coin showing best progression then to add 1000$ for the coin with best performance.
I suggest you reach phase 8 in 1 to 2 months
let's dive in it 📢
Phase 1 🔎
Set your criteria so you won't be lost in Altcoin ocean
for example some of my criteria is
1 - No premin , or premine coin for clear development plan
2- well known dev or at least it is known who is the dev
3 - active community , especially in Bitcointalk
4 - reasonable roadmap for at least a year
4 - provide some solution to solve obstacle facing BTC
5 - have something unique that can really make a different
6 - overall gradual steady improve in price & total marketcap
7 - look legit , have a website explorer and good wallet
8 - trading platform , better for me if it still not in Polonix
Alarm it is a scam , this is sht coin
if there is any of the following I won't invest in it , no matter what
1- recent release less than 1 month
2- viotility indicate a price manipulation , sudden unjustifiable increase in price or total market cap
3 - seems not legit : no website , no explorer , wallet malfunction
4 - any Altcoin pay you bonus for inviting other to join is suspicious
5 - promise a lot in short time
6 - totally a clone of other coin
Phase 2 📨
Research about 10 Altcoin with potential, it is so important to take your time , apply your criteria , study it from all dimension
Phase 3 🔒
know how to make you selected Altcoins safe , it is important to make all your coin out of trading platform and safe , I like to store in paperwallet & cold offline storage
Phase 4 💰
first round : decide how much money that you can afford to lose , for me I started with 100$
purchase BTC and own some Altcoin
phase 5 💾
in the first round I purchase with 100$ worth of BTC , 10$ for each Altcoin
it is up to how much you will invest and how you will distribute it between you list
phase 6 💻
regular follow up : watch it every now and then , any coin show improvement list it for second round
phase 7 💰
second round , 100$ for coin prove that it's on the track
you can add as much as you can but you should have a good reason to do so
phase 8 💰
third round , 1000$ to the coin with the best performance As you can see we started by investing gradually with 10$ , 100$ , 1000$ , we have regular follow up before each phase
( image cridit )
Pros 👍 👍 👍
1 - logical approach rather than emotional
2 - gradual involvement in crypto space
3 - step approach investing and regular follow up decrease the risk and improve the outcome
Cons 👎 👎 👎
1 – unlike daily trading and swing trading , long term investment take time to be profitable , we are talking about more than 1 year .
1 - the first phases take time , to study Altcoin & to purchase them
3 - the 10 chosen Altcoin won't all win , there will be a huge lose in some coin and that is the cost of more safeapproach in investment .
( image credit )
Disclaimer : I guarantee nothing with my strategy , just sharing my way of investing in hope that it can help 🍻 😊 .
