1. When is the right time to book profits before its too late? Don’t want to repeat last bull run’s mistake.
Thanks for your question pankaj. No one knows the bottom or the top in advance, so there is never a right time to book profits. What an investor knows about are his goals they want to fulfill via the investment. So I will suggest have goals predefined, have a realistic goal... Contd.
Have a realistic goal pegged to your investment, book profits whenever the goal is reached or move to stabler asset. There is no need for an endless wait for you to liquidate your profits if you have an exit strategy.
2. Does diversification really work? I have a pretty well-diversified portfolio, even then I am making a loss.
Diversification is only one aspect of investing. Putting money simply in 5 coins is not really diversification. Diversification is also about protecting the downside in times of uncertainties. Hope you are understanding this
3. Do you think alt season will come? most of them are continue to take a beating.
I am sure there will good alts picking up soon. Many are tired of shilling alt season from last 5 to 6 months on CT. This is just a stage of capitulation. Make sure you are having good alt bags and not ones which are shilled by.
4. What are your views about Bitcoin currently and what do you think of Halving event. Will BTC’s price skyrocket as many charts suggest.
Bitcoin has been rallying along with gold since the time we have seen global tension rising. Still too early to correlate. But this does give you a small validation on the idea of bitcoin and why it was created. There will be some consolidation before the next big move. Contd
Coming to halving, apparently, this is my first halving too and I would like to see the impact of the same before commenting anything (remember I am a fund manager first). As far as the charts are concerned — Past performance is not an indication of its future move
5. What is the most efficient way of allocating x amount of money in a bunch of cryptocurrencies?
n a previous question I did mention about diversification is not only about picking up ‘x’ number of projects and throwing your money in it. For an ideal diversified portfolio, I consider 3 things very important:
A) Goal planning
Time Horizon of the investment.
C) Risk appetite.
First 2 points are mostly covered by some investors but the 3rd one is where the stuck. Whenever I speak to a crypto investor, they tell they invested only what they are ready to lose. But the same guys cry when the coin goes 90% down. Contd.
It’s clear that many are unaware of their risk appetite and simply say the flagship line of ‘I have invested only what I am ready to lose’ One cannot understand the meaning of this sentence, unless and until they have seen a real crash. Contd.
Coming back to the question, once the above 3 factors are well defined, you can allocate the money to large caps, mid-caps, small caps, etc.
6. What do you think of ICOs? Shall one consider investing in it at this point in time?
I don’t think there will be ICO mania once again in the very near future, but maybe I can be wrong. One can still invest in ICOs if they come across a good project, dedicated team, etc
7. Which tokens can be the next big gainers in the upcoming cycle?
When you are too much sure about the big gainers... You are belittling the risk. And when you do that things don’t end well. I do have some favorites from the new ones like $One $Matic $RSR, etc & I would love to see them perform. (Not an investment advise)
8. What do you think about Alts fundamentally? Do you think alts are a good long term bet?
As of now, I am not sure about betting on alts for longer-term maybe some I will consider but not in huge quantities. The alt market is at a very nascent stage and I am not for that. I will continue to trade alts but not looking to hodl for long term.
Thanks, everyone, for Reading
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