Why so few cryptos?
Because
i) Cryptos have the second mover disadvantage. Bitcoin has the first mover advantage and unless bitcoin runs into a major problem, will always be stronger longterm. Just look at Coke. First mover and always ahead of Pepsi, despite unrelentless attempts of Pepsi to take over market leadership.
ii) Most cryptos do not have a big enough competitive advantage or differentiation to overcome barrier i)
iii) Monero might gain more traction and that's why I hold them
Which ones do you suggest. I am happy to get convinced depending on your arguments.
1% doesn't sound a lot, unless you are very rich.
Unfortunately I am not rich...
We are talking a couple of thousands here, but more importantly, the point of this is to show the allocation in percentages, so that rich or less rich people can scale it to their needs.
About why no more BTC? I had close to 100% a while ago. But since the 1200 $ top, I went out. I will go in again when I judge the time is right.
Can you confirm that you consider the time right after we have had some sustained upward movement. Going for the lower risk approach of seeing the price going up, rather than trying to time the bottom?
