Topic: Does it make sense to invest a bit of money on all altcoins? - page 2. (Read 441 times)
I follow this strategy too. I guess if you are investing in the first 20 or 30 coins on coinmarketcap a small amount, there is a good chance that you will profit from several of them in the mid/ longterm. Its much riskier to spread your portfolio over small cap coins though. Also dont do it without research, if you arent convinced by the coin, dont invest. But as it seems, you already did some research, from what I see there: all coins are good ones to invest in in my opinion!
The meaning of investing in altcoyins is definitely there, but not all, because many of them even with the passage of time will not be worth anything, but it's wise to choose a portfolio for a long time, a good idea
Suppose it can't hurt, most of them will probably go higher than where they are now but I'm not sure how profitable it is though.
I personally couldn't decide aswell and started picking 5 coins I'd hold for longterm and some short term investments when the opportunity is right.
Longerterm (1-3 possibly more years)
Waves
ADA
BlockNet
VertCoin
IOTA
And I just keep adding up to those when the price goes low. Just think a bit about what possibilites you have, plenty of strategies you can try.
I personally couldn't decide aswell and started picking 5 coins I'd hold for longterm and some short term investments when the opportunity is right.
Longerterm (1-3 possibly more years)
Waves
ADA
BlockNet
VertCoin
IOTA
And I just keep adding up to those when the price goes low. Just think a bit about what possibilites you have, plenty of strategies you can try.
Hi there.
I'm not an expert, but I thought one day at least one of the altcoins will follow the skyrocketing trend of Bitcoin.
Considering this could happen, does it actually make sense investing a relatively small amount (say $20) on all the major altcoins?
Obviously this would be a long term investment.
Last week I invested $20 on each of the following:
IOTA
Ripple
Dash
NEO
Monero
OmiseGo
Now I'm considering:
ZCASH
EOS
Eidoo
Qtum
I wanted Lisk, but Bitfinex don't support it.
What do you honestly think of my simplistic approach?
I'm not an expert, but I thought one day at least one of the altcoins will follow the skyrocketing trend of Bitcoin.
Considering this could happen, does it actually make sense investing a relatively small amount (say $20) on all the major altcoins?
Obviously this would be a long term investment.
Last week I invested $20 on each of the following:
IOTA
Ripple
Dash
NEO
Monero
OmiseGo
Now I'm considering:
ZCASH
EOS
Eidoo
Qtum
I wanted Lisk, but Bitfinex don't support it.
What do you honestly think of my simplistic approach?
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