Topic: HOW MUCH DIFFERENT CRYPTOS SHOULD YOU OWN? (Read 126 times)
I have in my portfolio the main coins and a few altcoins because the Crypto currency market is rather unstable and therefore I do not want to risk even more.
I think it's better to have many different coins in my portfolio. It seems to me that such a strategy reduces risk and allows you to maximize return on investment. So, of course with this portfolio you will have more work, but also more profit.
If you have 20+ tokens then you need to sell 20 times with x2 price to double your money bag. If you have only 2-4 tokens in your portfolio then you will reach x2 goal much faster (and more real). The main challenge is to find "golden middle" and for me its 5-8 strong tokens at a time (blockchain platforms). But finally, it depends on your total money bag - the more you have the more you need to split your investments.
Some people suggest having a mixed portfolio of cryptos is good for risk management (don't put your eggs into 1 basket philosophy).
However, I've also seen people having 20 tokens. Checking their price and changing such a portfolio can take a huge amount of time.
On the contrary, having a small portfolio of 1-5 tokens is more manageable, but you might miss some opportunities.
What's better according to you guys? Having a small portfolio or really spreading your risk across lots of different coins?
However, I've also seen people having 20 tokens. Checking their price and changing such a portfolio can take a huge amount of time.
On the contrary, having a small portfolio of 1-5 tokens is more manageable, but you might miss some opportunities.
What's better according to you guys? Having a small portfolio or really spreading your risk across lots of different coins?
For every financial decisions you make there is always opportunity cost to it. It all depends on what you do and how much you are able to work around it.
Holding lesser coins has been argued to be better than those with several coins in their wallet because if the ability to easily manage it.
While the latter mostly hold unto the idea that you will lose out on many other opportunities.
Just do what works well for you.
Some people suggest having a mixed portfolio of cryptos is good for risk management (don't put your eggs into 1 basket philosophy).
However, I've also seen people having 20 tokens. Checking their price and changing such a portfolio can take a huge amount of time.
On the contrary, having a small portfolio of 1-5 tokens is more manageable, but you might miss some opportunities.
What's better according to you guys? Having a small portfolio or really spreading your risk across lots of different coins?
However, I've also seen people having 20 tokens. Checking their price and changing such a portfolio can take a huge amount of time.
On the contrary, having a small portfolio of 1-5 tokens is more manageable, but you might miss some opportunities.
What's better according to you guys? Having a small portfolio or really spreading your risk across lots of different coins?
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