Topic: I think I overdiversified... (Read 1348 times)
I would like to keep nem, golem, stratis, ripple and bitshares in the list.
You have bitcoin and then a large pile of shit--so you didn't diversify enough. You ought to keep cash, gold & silver, and stocks as part of your 'diversified portfolio'. Buying a load of shitcoins isn't really spreading the risk around, which is the goal of diversification. If the altcoin market crashes, guess what? They're all going down.
Would be interesting to see some math if that's a good strategy. In a way you know already: Did you make great profit so far?
I would suspect that you're stretching yourself too thin. Of course you want the "unicorn coin" that goes up 20 times. But if you have 30 coins, and the rest fail, then that still ate up more than the profits. I mean... why would you even bet on Doge? That thing has no 20x upside ... you're lucky if some speculators keep it alive. Similarly with ether... sure it might double still with all the dumb money flowing in. But with a valuation already rivaling Bitcoin, it gets hard to see a unicorn-rise still.
I would suspect that you're stretching yourself too thin. Of course you want the "unicorn coin" that goes up 20 times. But if you have 30 coins, and the rest fail, then that still ate up more than the profits. I mean... why would you even bet on Doge? That thing has no 20x upside ... you're lucky if some speculators keep it alive. Similarly with ether... sure it might double still with all the dumb money flowing in. But with a valuation already rivaling Bitcoin, it gets hard to see a unicorn-rise still.
I was creating a portfolio and I wanted to diversify a bit, which turned to more and more as I got pulled into the hype of other coins, and now I realize I have over 30 coins, which is obviously too much.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
I generally favor some diversification but with what you have you can't possibly keep track of all the developments and slacks of all your coins. Most of the ones you have I actually don't know all too much about but I would suggest you make a goal (I think 10 is more than enough diversification).
Go into the slack of each coin and see the latest releases that have come out, ask yourself does this coin do anything that another one can't do and if the answer is no then drop it. Next look at whether the team has been delivering its promises or not and if the answer is no then drop it. Has there been any major controversy in the project? If yes then drop it. You will soon find you only have about 10 coins left and mission accomplished.
One more thing I should mention. Take a look at how these coins have compared to ETH and you will find that despite ETH being the largest it has outperformed the majority, what this says to me is that you don't need to chase every single tiny coin out there and can just as easily find good or even better gains AND stability in a more mainstream coin.
As for your side question I would jump into new coins at the ICO phase rather than chasing a coin that's already been pumped.
I was creating a portfolio and I wanted to diversify a bit, which turned to more and more as I got pulled into the hype of other coins, and now I realize I have over 30 coins, which is obviously too much.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
Mate I feel your dilemma. I have done the exact same thing.
I have 37 coins and although I have made 6x my initial investment I could have made 200x if I had concentrated on a few of the better projects. In retrospect I should have cut 5/6 of them and used the money to put more into Stratis for example. If I had done that then I would be sitting on a huge stack.
I was creating a portfolio and I wanted to diversify a bit, which turned to more and more as I got pulled into the hype of other coins, and now I realize I have over 30 coins, which is obviously too much.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
for me these are very scary times as a crypto buyer, I would hate to be picking coins right now when the overall market cap has exploded 10X in the last six months. Maybe it goes up again another 10X but I think contraction is going to happen sooner or later.
A correction is inevitable. We won't go down as much as we've gone up that's a sure thing. Enough people have joined in to create a new floor
I was creating a portfolio and I wanted to diversify a bit, which turned to more and more as I got pulled into the hype of other coins, and now I realize I have over 30 coins, which is obviously too much.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
for me these are very scary times as a crypto buyer, I would hate to be picking coins right now when the overall market cap has exploded 10X in the last six months. Maybe it goes up again another 10X but I think contraction is going to happen sooner or later.
so.. u hve like 15 dollars in each coin? 
oh boy that is a long list and I think you are correct about being over diversified!
how do you even keep track of all these coins? I personally find it impossible to do so, and prefer a handful of them just to be able to fully observe the changes and the news regarding all of them for some more precision.
from your list I don't know most of them because I have either never bought any or have done it in a very short period of time like buying in the morning and selling before noon
in the list I can say ETH seems to be on the pumping rise but I still consider it a highly risky investment.
also List has been rising very well so if you caught it early one you are in a good profit.
Doge coin rise seems to have ended, you should have gotten out 2 days ago.
ripple rise has ended about a month ago and I am surprised you even have it in your list!
byteball is a big no for me because of the way it has been distributed and the large supply of it.
NEM seems to be good but I have no investment in it at the moment.
Monero seems to be a more stable coin with less wild rises and falls so I consider it a part of an investment
Moon and RDD have been super profitable but they are at the end of their lines.
don't know much about the rest as I said above.
how do you even keep track of all these coins? I personally find it impossible to do so, and prefer a handful of them just to be able to fully observe the changes and the news regarding all of them for some more precision.
from your list I don't know most of them because I have either never bought any or have done it in a very short period of time like buying in the morning and selling before noon
in the list I can say ETH seems to be on the pumping rise but I still consider it a highly risky investment.
also List has been rising very well so if you caught it early one you are in a good profit.
Doge coin rise seems to have ended, you should have gotten out 2 days ago.
ripple rise has ended about a month ago and I am surprised you even have it in your list!
byteball is a big no for me because of the way it has been distributed and the large supply of it.
NEM seems to be good but I have no investment in it at the moment.
Monero seems to be a more stable coin with less wild rises and falls so I consider it a part of an investment
Moon and RDD have been super profitable but they are at the end of their lines.
don't know much about the rest as I said above.
Your portfolio actually looks pretty nice. I would keep it like this diversified if you have over $5k invested in cryptos but if you have less there is really no point as transaction fees can take up most of your wealth when you try to transfer the funds from your wallet to an exchange. If you keep it on an exchange then you are at risk of the exchange shutting down/running with your money, but if you install a wallet your hard drive will be full of altcoin wallets and it'll take ages to sync.
The things i crossed out is the coins i think you should definitely let go of. I just don't see them mooning anytime soon.
And to answer your question - no. I'm not going to buy in altcoins or buy a lot of altcoins until this craze is over.
Quote
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
eth
lisk
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
xtrabytes
digibyte
steem
burst
nxt
bitshares
gnosis
LBRY
decred
nexus
The things i crossed out is the coins i think you should definitely let go of. I just don't see them mooning anytime soon.
And to answer your question - no. I'm not going to buy in altcoins or buy a lot of altcoins until this craze is over.
i will always keep BTC in my wallet
and others crypto such as waves, eth, sia, NXT, and lisk
and others crypto such as waves, eth, sia, NXT, and lisk
Many good investors have more than 30. The question is if you actually believe in all 30 and if you have only put in money you are willing to lose. If the answer is yes to both then maybe it's not too diversified. Diversification will help keep your portfolio balanced if one or two of them take big hits.
If you haven't really looked into the projects and are just getting started, then yes...30 is probably too many. My advice would be to start off small and increase your portfolio or position size as your confidence in this sector increases.
As for waiting for a pullback. No one can predict the market and many people have waited weeks/months/years for a strong pullback to get in, at which time their buy in is much higher. I look for individual currency buy in times rather than an entire market buy in.
If you haven't really looked into the projects and are just getting started, then yes...30 is probably too many. My advice would be to start off small and increase your portfolio or position size as your confidence in this sector increases.
As for waiting for a pullback. No one can predict the market and many people have waited weeks/months/years for a strong pullback to get in, at which time their buy in is much higher. I look for individual currency buy in times rather than an entire market buy in.
I was creating a portfolio and I wanted to diversify a bit, which turned to more and more as I got pulled into the hype of other coins, and now I realize I have over 30 coins, which is obviously too much.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
Just curious what coins you guys would keep/take out (whatever is shorter for you to list)
btc
eth
lisk
gulden
verge
syscoin
dogecoin
monero
ripple
byteball
nem
golem
stratis
waves
sia
golos
antshares
xtrabytes
digibyte
steem
burst
redd
moon
nxt
radium
bitshares
gnosis
LBRY
decred
komodo
nexus
Also a side question, I feel a little late to the train in regards to investing. If you had $0 invested at this point, would you jump in now or wait until a dump? Thanks in advance.
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