I have bought $100 of CATI, $100 DOGS and $50 HMSTR.
My strategy is very simple.
Take early positions in new assets or those with current prices near their historical low.
The hope is that each asset will absorb two decimal points in the coming months.
I will create a watchlist for other assets and purchase when they fall to their historical low.
Patience is key.
Play the long game 🎯.
Hopefully one year from now, my $250 will rise to $25,000 in valuation.
I compare crypto to startups. You risk investing in 100 unique companies knowing very well only one of them will become a unicorn. The unicorn 🦄 compensates losses made in the other 99 investments.
Note: This is not financial advice. I am simply explaining my spot strategy and line of thought.