Thank you @cryptoeagle for sharing this again.
As I look at it closer, what you are proposing is just a model to follow. I dont see where this is passive in the sense of someone puts up, say, $100 a month and it is invested for them. Am I correct in concluding this is still an path that is actively managed by the individual...one where he /she makes the purchases.
As for the idea makes total sense. I am glad to see I own more than a millionth of LTC and Steem....I am a bit shy on the others though...might need to take out a loan.
Thanks again and I welcome your insight.
Hello taskmaster,
Yes, this kind of strategy is called passive because it doesn't require the investor to be glued to the trading terminal all the time, about to have a heart attack with every move the market does :) There are other passive alternatives such as Iconomi, but I'd rather do the index (and control the private keys myself). I personally bought yesterday the millionth of supply of IOTA, NEO and Qtum, I didn't have those yet so I took advantage of the drop. Best regards
Thanks for the 411....
Just to clarify some more...are you stopping at the millionth and not exceeding it? Also, I understand about buying every coin out there but are you sticking to the top 20 or 30?
What is your strategy over the next year let's say?
I'm stopping at the millionth of supply. I'm not buying any coins under the top 20, too much risk with those. They'll likely go to zero
Not even Steem at #21?
I got some steem from Steemit