I have bitcoin, some alts & a couple of real estate properties. I am not interested in diversifying into anything else. The majority of my net worth is in bitcoin & I intend to keep it that way. The current price will look like chumps change in a couple of years.
And some alts. I think that investing in some alts is a good idea. It doesn't have to be a big investment, depending on someone's possibilities, but setting aside 5% (more or less) for some interesting projects can pay off in the long run. And there are some good projects around that have a nice potential. In every bull run some new alt makes incredible progress.
Indeed, I do not recommend anyone to invest in altcoins as they are riskier than bitcoin, but it would not be so bad if we just invest a small part of our capital in them. Although altcoins have great risks, if we choose the right coin, it is clear that its profits will be very significant compared to bitcoin. Many people only focus on bitcoin and think that all altcoins are useless, which is really a waste because they are missing out on bigger opportunities.
We invest in cryptocurrencies to make profits, so we should not be too stubborn and ignore opportunities outside of bitcoin. As long as we invest a small amount, it will not cause too much damage to us.
There's nothing wrong to invest at altcoin it would really depends on the coin you would invest with, cause for me I've invested in altcoin before but only for a quick-flip it's not much but I've still profit. But still it's not advisable for a long term investment due to its volatility is random like it really depends on the project some would literally rugpull it. Well I agree that maybe your spare capital or money maybe you could try small amount first for your own experience to altcoins if it suits for you so you can compare it to Bitcoin, what I mean is that you can make your own strategy with these coins. Still if you want to secure just stick with BTC.
If you do know on how to snip out profits with altcoins and having the plans on stashing up and convert it on Bitcoin or some top altcoins then do it, but of course not everybody would really be capable on doing so.
I have tested out these things in the past on the time i did make money from altcoins into its bounties and on the time that bull run happens on 2021, i did really end up on getting huge amount and converted up
directly to Bitcoin and ETH which it did really make out that profits despite of the market had some -5k decline considering that we are already moving on 30k+ price in previous months.
Investment shouldn't really be that only focused on crypto but also in other traditional things as well.
The more the better, which its always been that recommended because having the more income source you do have then the chance on attaining or achieving that financial freedom on where
most people been wishing for. The main issue here on is that we dont have always the capital on starting it up specially on dealing with real estate and some physical businesses which
would really be requiring that huge amount of capital for you to start with. This is why some people would really be opting on something that achievable even if you do have
that small amount of money.