HOOOODLE.....
it's what you've been told always when your coins losses 20 or 30% of there value ...so you forgot and wait until they recover ...seems nice ..seems easy but unfortunately not anymore ...
let's take a look at what happened the last months ..China FUDing the markets so dipping the bitcoin and the altcoins ...JP Morgan thew his word "fraud" so Bitcoin sinks to 3200$...and when we thought thinks will recover the 24th OCT Fork came to
make things worse..and the coming fork will ruin the ALTS even more... so as you see ... the nice days of stable Markets has gone..Holding your coins for long-term won't help anymore cause every month you will get some surprise whatever it was a FUD or a fork taking 20% of your alts down ....so what to do?
the best thing you can do is a beginner in the crypto world is :
1-forgot about 200% or 500% profits cause the market now is swarmed with altcoins every day ...mostly will vanish and get delisted ....start to choose a reasonable target
2- use the 3 wallets plan: to make profits from any incoming surprises drowning the market down make the 3 following wallet :
33% cash wallet (for any sudden bitcoin drop will happen )
33% Bitcoin wallet ( for any incoming fork making the price of other cryptocurrency going down )
33% other alt coins (to trade and hold until it makes the reasonable profit you are looking for)
now by making the trade between these 3 wallets and making SURE that the percentage stays the same during the trading you may not make huge profits but you are totally safe with these dynamic allocations