Topic: 80% of altcoins will fail. Optimum strategy: picking 3 coins. No more. No less. (Read 244 times)

Yes, man, the guy that left this post here is at least strange. The thought that 80% of the coins will die seems to be not right. There are many of the great alts nowadays. 3 of them? OK, Ethereum, NEO, and EOS.

Interesting take on things. I learned something new today.

If you had to pick only 3 coins I would bet my money on Bitcoin, Ethereum, and lastly, some NEO (because even if the price goes nowhere, at least you get free GAS).

Well everybody have his or her own strategy and what you just stated right now is your own strategy, though I agree with you that most altcoins will fail and die a natural death, But for me I have a strategy that before they die, I would have made my profit and exited the coin before thy die and invest in the next one. it depends on what works for you. I have what works for me already. 

I think if there's gonna be a bull run happen this year, it's going to be from the market caps of all the smaller altcoins moving over into the top 100 coins. I have big doubts that most altcoins out there are going to reach anywhere near their previous all time highs, ever.

The best strategy for me is to invest only in blockchains (EOS, FSN, ETH, Seele etc.). All of them have huge demand amoung investors and it's less possible that some of them will die. More of that, none of blockchains was ever traded below ICO price.

There is a chance of risk in every coin and in every business success and failure exist but altcoins is far way best investment at present times investing in safest coins we can protect our principal amount

nice description.
picking 3 coins for investment or trading is actually my strategy. having 20 or 10 coins are pointless for investment, unless you have certain purposes. I think it is a common strategy. no need to be afraid of failed altcoins, if you choose the right coins like ETH, XRP, LTC, NEO, EOS, Waves. Those are the prime altcoins with their own platform of blockchain. coins you choose depend on the fund you have. choose the cheap ones if the fund is lack.

I agree that back in the 2017-2018 period holding a variety of coins/tokens was the best strategy. I would've lost out big if I'd chosen only 3 back then. It was an explosion of speculation and we were all in the honey-moon phase with cryptocurrency and everyone was taking their first steps into the crypto-market, and no one could do any wrong. Every move was the right move.

But then time passes by, people cool down, crypto is no longer new and shiny, and we've seen how every cryptocurrency is capable of crashing hard.

I do not believe we're going to see the exact same thing happen again 2018-2019. Everyone is much more sober this time around, and I think the next phase coming will weed out the lesser coins. Using past behavior to predict the future is not the wisest strategy here. If anything, 2017-2018 showed us that past behavior is not an accurate indicator for future trends.

I disagree fundamentally with that. a minimum of 10 coins. just find the coin price statistics from the top 15, period 2017-2018 and you will change your point of view

Frankly, this is peasant mentality. These are not stocks and bonds, diversification will not protect you from the extreme volatility of cryptocurrencies. Unlike investing in stocks and bonds, these coins are in direct competition with each other. These coins want to eat each other alive. It's not like you're buying blue chip stocks to hedge yourself against real estate. The more you spread yourself out, the more exposed you become.

The probability of many coins/tokens succeeding long term is low. You're not diversifying to put yourself in a better position, you're diversifying to cover more numbers on the roulette table. And then you tell yourself the few magical coins/tokens you happen to land on will *HOPEFULLY* compensate for that... nay... they *MUST* compensate for that. That is dangerous thinking. Have you ever been to a roulette table and seen somebody placing small bets on every square? Or to take it to the extreme, you should buy many lottery tickets, and the few winning lottery tickets must compensate for the losing tickets.

You expose yourself to greater risk for a diminishing return that is landing on the lucky golden coin that will blow all the other coins out of the water.


where are you pulling those numbers from? Why do you find comfort in quantity over quality? Are you making your choices based on confidence, or doubt? It sounds like you might not confident in your selections or you're thinking emotionally.

I agree with you, I would also add to your list such coins as NEM and Waves - very good coins for a long time.

So, many altocoins often fail, but there are many coins that succeed. But I think that the number is 80% too large, I think this percentage is about 60% - 65%. I believe that you need to store more than three coins in order to succeed and make a profit.

I have nothing to say 

If to speak seriously - 3 is very small amount: the more coins you have, the better your diversification will be. Maybe some coins will be dumped in future, but other coins in your portfolio must compensate that.

Even if 80% of altcoins will fail, then there are still 20% of altcoins will be successful. All you need to do now is to choose 3 altcoins that you think it will be successful,yes, this is enough.

Experts are saying 93% of coins will fail, but you should still have scattered until they fail, usually if you are looking what is happening to coins, you can predict ups or downs, also you can predict if there will be a shutdown or not... But usually you should choose coins that a legit, not that coin existence is there only for money and nothing more, if you want to have only in XRP, bitcoincash, and lumen, or NEO, just go for it, NEO has a shutdown buttton and others are here only for money... the probabilities of fail, from these currencyes are allmost 100%, if you want I can give you some more examples for only cash streaming and ****ing with people that aren't in crypto world yet... but still, I think you should get more than only 3 cryptocurrencyes... why? There are a lot of interesting values arround, and still coming...

Your way of thinking isn't crazy. What you are describing is real and it could be applied to the cryptocurrencies as well.
Cryptos follow the same rules (more or less) with currencies and as we know there are about 180 different coins, some of them follow the price of USD but all of them co-exist. The cryptos can coexist too. If digital money will be successful in the future, we will see some thousands of them more but few of them will survive. 3 coins are not enough, If I were you, I would choose 5 to 10 coins.

In total, there are around 10,000 altcoins and tokens circulating right now. In the long-term, I don't expect anymore than 1% of them (around 100 currencies) to survive. You can decide on the number of coins to invest. But do your research before doing so, and remember that there is no fail-proof strategy available around.

word.

Depending on the choice of each, in fact many also netted entire altcoin to get some valuable coin. it's not easy but it's a powerful way. we must be smart to choose a good project in accordance with market demand

i agree with your idea of sticking to only 3 coins. i have some additional reasons for that such as the fact that it is easier to handle 3 coins instead of handling 50! unfortunately people these days love creating a long list of useless worthless crap and call it "portfolio"! in reality what they are doing is that they are making everything harder on themselves and also increase their risks.

but i disagree with calling it "optimum strategy". in this market based on my experience, the optimum strategy is when you stick to a handful of coins but not for a long time. you go in and run out just as fast. in this strategy you will be trying to enjoy the pumping part of the market and avoid the dumping part of it best way you can and also you will move on to another coin and do the same thing practically maximizing your profit.