Topic: How many cryptos is a good number for a portfolio? (Read 279 times)

I thought 20 would be the magic number, but it turns out its not such a good idea to hold significant amounts of BTC for very long in 95% of all coins.

Even though I can safely forget about 10 of them and hold them for the long-term, accepting the risk-to-reward ratio on hopes they will eventually become the next Bitcoin (or achieve even 1/4 of bitcoins success), its sad to watch the mass BTC sum of my crypto investments decay over time. Small bumps are supported only by the occasional pump and/or promise of new innovations from the devs.

In my beginning I got lucky and got in on a handful of still-successful coins which I used to float all my fringe investments, but the point is, after 3 months of tracking my portfolio every day I've come to the conclusion that 20 cryptos is too many, unless you can withstand the continual jabbing pain and losses.

Hopefully the rush to create new coins will die out kind of like the demand for real estate and new mortgage products, though in a less violent manner. There's simply too many crapcoins and scamcoins out there, the market is oversaturated and the shitcoins are drawing BTC away from the genuinely interesting coins.

There's currently 6x more cryptocurrencies in the world than actual currencies.

The other disadvantage of having too many coins is I don't have a high enough % of holdings in BTC, based on what I keep hearing from this board. Its time to consolidate.

What is your ideal number of HODL'd coins?