Step 1 – First understand your risk profile. This will help you to determine what cryptos you will be investing in.
Lower risk= top 10 – higher risk = newer opportunities.
Adapt your risk profile to different market conditions. Only take on high risk in an up-trending market.
Step 2 – Build out your strategies BEFORE investing.
Lower risk = Recurring buys (dollar cost averaging)
Higher risk = Swing trading (short term trading)
Step 3 – Allocate your funds – Once you have figured steps 1 and 2 out, start allocating.
Remember, just because you have 10k to invest in the market, doesn’t mean you are going to put it all in at once, that’s what the strategies are for.
