Investing in multiple altcoins - page 14.

BartS

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Quote from: DarthCanada on August 27, 2019, 08:25:44 PM

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

50    Ethereum
50   Ripple
50   Binance Coin
30   Litecoin
20   Enjin
10   Iota
30   Cardano
20   Stellar Lumens
10   VeChain Thor
10   Pundi X
10   Basic Attention Token
10   Ontology
10   Zilliqua
30   Monero
?   Eos
10   Tron
?   Zcash
10   Icon
?   Chainlink
any other ?
10   Dash

To me it seems as if you are diluting your money too much, you are attempting to buy too many coins with a very low amount of money, it is better that you select 5 of those coins and you divide your 377 dollars among those coins, if I were you I will choose ETH, LTC, BNB, BAT and EOS as the coins where I put my money, however those are my preferences and a case could be made for many of the coins in your list and for other coins you did not included in your list.

xenomorphe1

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Your choices of altcoins is very good i think. The only problem is to be able to follow all the altcoins you possess everyday. If you don't trade daily, it is fine i think. Learn how any of thoses coins work before buying them as you could make sometimes some mistakes if you want to stake them.

AliMan

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Quote from: SummerBliss on October 03, 2019, 09:34:38 AM

Quote from: bryant.coleman on October 03, 2019, 08:57:22 AM

One issue while holding a large number of cryptocoins is regarding the coin storage. How are you going to hold this many coins? The easiest way is to hold them in exchange wallets (Binance, Huobi.etc). But with the frequency of exchanges getting hacked, I don't really think that it is a safe way to hold your money. Another option is to hold them in multi-coin desktop wallets (such as CoinSpot, Trust Wallet and Exodus), but I am not very familiar with them and I don't think that they are easy to use (or safe to use).

I use FreeWallet to hold multiple currencies at one place. It is online wallet and don't provide private keys but since the value of my coins are not enough, I am not concerned much. You can try it too, it is easy to use as well as provide option to buy coins within the app. Also, the interface of app is quite good. It provides value of coins in both BTC and USD terms.

Using metamask wallet is which I also think safe for multiple altcoins which we're going to hold for such a long time. Investing with those potentially gaining coins is quite bit risky, since the market has not growing successively right now. Waiting time is really a big struggle for all traders who still patiently choosing to wait instead of ranting unto something that could make them panic and give up their asset.

hashman

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Why no BNB at your portfolio? I think some amount of BNB must take place in all bags. Long Term, Mid Term or Short Term.
As binance ecosystem become stronger, BNB, the GAS of Binance ecosystem also will become stronger.
There are many coins at market but a few of them has real user case. And BNB is one of them. Book a hotel, plane ticket and also money shops worldwide you can use BNB.
In terms of investment, JEX airdop, IEO, Coin of the month Vote strengthen the BNB. Put some in your bag from now for not miss the train 😊

Youghoor

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Quote from: DarthCanada on August 27, 2019, 08:25:44 PM

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

50    Ethereum
50   Ripple
50   Binance Coin
30   Litecoin
20   Enjin
10   Iota
30   Cardano
20   Stellar Lumens
10   VeChain Thor
10   Pundi X
10   Basic Attention Token
10   Ontology
10   Zilliqua
30   Monero
?   Eos
10   Tron
?   Zcash
10   Icon
?   Chainlink
any other ?
10   Dash

It is good to invest in multiple altcoins but it is always advisable to invest in a maximum of two altcoins in order to minimise your risk potential. With multiple investment, you the investor will not have enough time to really analyse a specific coin's market to notice changes in its market portfolio to adjust your plans. With multiple altcoin investment, it is easier to lose huge sum of money within a short period...

Bitcoin+Fi

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If you want to invest in promising and safe coins, you need to look at the top of the market, such as the top 20, I like ETH and LTC, for example

wxxyrqa

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Nevertheless, it is better to determine the quality of altcoin or any other coin in the cryptocurrency market by the amount of capitalization. It is on this rating that I choose the best projects for investment. Nevertheless, you need to look at the entire history of the development of a project in order to determine its degree of productivity in the future. I mean, you need to predict how much your deposits will increase in percentage terms. If you decide to invest in some altcoin. One way or another, ethereum and the top ten Coinmarketcap rankings occupy the lead in my portfolio.

campusnet

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Quote from: Ken_terrance on October 03, 2019, 12:46:12 PM

Its safer and easier to pick from top 20 and at the same time you can invest in new altcoins as well, what matters is the quality of the project, if you carefully select them you won't have problem this where many people are having problem presently because they don't know how to select quality projects

I suggest if you invest in new coins it should not be for long. a lot of movement and there are still many updates that might be accepted by the market and maybe not. because not all new projects can last long in the market. You certainly already know and see for yourself. some projects must stop and return the investor funds they get.

TaliskerDarkStorm

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My grandmother said to me once "don't put all your eggs in the same basket."

I think a good investor should always have at least 3 different coins in the basket. This is a kind of distributing the risk. Distributing the risk means that even if you get lost from one coin, you will close the loss with the profit you get from other coins. Of course, this is a short-term choice.

I think the author who opened this thread talked about long-term investment. I trust three special coins like bitcoin, ethereum and eos like many authors here. I'm sure these cryptocurrencies will never make a loss. Because the use of 2 other altcoins except bitcoin is too much. These 2 altcoins are mostly used by dApps. Many gambe lovers also use these dApps. I assume everyone knows that.

But I have a coin I want to touch on. Energi. (NRG). I've read a lot about this coin. Everything looks perfect on paper. The project has such a perfect team that I ask myself if this project is a scam. The only question in my mind about the project is that there is no maximum supply. If I get a logical answer to this question, one of the most trusted alccoins in the future will be Energi.

Ken_terrance

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Making Smart Money Work

Its safer and easier to pick from top 20 and at the same time you can invest in new altcoins as well, what matters is the quality of the project, if you carefully select them you won't have problem this where many people are having problem presently because they don't know how to select quality projects

Vinalians

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Activity: 819

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That is a hell of strategy. Goodmove right there. I almost saw the top 10 altcoins in your list. I think you have already earned some right now. Eth and EOS is all I have right now but I am still planning to buy some like your plan. But, based on what I saw on the market right now, I don't think it will increase in the next few months.
I just hope the value of any cryptocurrency would rise before the end of the year.

Impaler

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Smiting your money in different altcoins is a good move for investment. And spending most of the money in bitcoin is also a smart move. But if you don't have a big amount then better pick 3-4 strong alts and buy it.

lolgato1

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By investing into many altcoins you reduce the risk that your investment not fail. But be careful, more altcoins you have, bigger chaos you have and you have no chance to watch if all coins are active. That is why many people hold deadcoins and they do not know it.

SummerBliss

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Quote from: bryant.coleman on October 03, 2019, 08:57:22 AM

One issue while holding a large number of cryptocoins is regarding the coin storage. How are you going to hold this many coins? The easiest way is to hold them in exchange wallets (Binance, Huobi.etc). But with the frequency of exchanges getting hacked, I don't really think that it is a safe way to hold your money. Another option is to hold them in multi-coin desktop wallets (such as CoinSpot, Trust Wallet and Exodus), but I am not very familiar with them and I don't think that they are easy to use (or safe to use).

I use FreeWallet to hold multiple currencies at one place. It is online wallet and don't provide private keys but since the value of my coins are not enough, I am not concerned much. You can try it too, it is easy to use as well as provide option to buy coins within the app. Also, the interface of app is quite good. It provides value of coins in both BTC and USD terms.

seleme

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Quote from: aysg76 on October 03, 2019, 08:50:31 AM

Quote from: Marble777 on October 03, 2019, 07:15:24 AM

I don't think that's a bad idea, if you invest your money in various altcoins. it's just that you need to reconsider that altcoin has now lost its value. but if you want to invest in altcoin, I suggest you put money into some of the top altcoins on the market.

Yeah, I personally support the idea of investing in various alts at a time. I believe even if an alt fails to provide you the desired output you can still rely on the rest. However, many of the alts are currently down but not to worry as you can get them now at a low price but pick only from the top 20...

I don't think to choose the top altcoins will save the trader form dropped prices, the market moves together and only a few altcoins can hold its total marketcap. Finding the alternative coins will not increase the return on the investment, simply because the market will boost the altcoin index which is a combination of the multiplied altcoins prices divided by the sum.

bryant.coleman

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One issue while holding a large number of cryptocoins is regarding the coin storage. How are you going to hold this many coins? The easiest way is to hold them in exchange wallets (Binance, Huobi.etc). But with the frequency of exchanges getting hacked, I don't really think that it is a safe way to hold your money. Another option is to hold them in multi-coin desktop wallets (such as CoinSpot, Trust Wallet and Exodus), but I am not very familiar with them and I don't think that they are easy to use (or safe to use).

aysg76

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Quote from: Marble777 on October 03, 2019, 07:15:24 AM

I don't think that's a bad idea, if you invest your money in various altcoins. it's just that you need to reconsider that altcoin has now lost its value. but if you want to invest in altcoin, I suggest you put money into some of the top altcoins on the market.

Yeah, I personally support the idea of investing in various alts at a time. I believe even if an alt fails to provide you the desired output you can still rely on the rest. However, many of the alts are currently down but not to worry as you can get them now at a low price but pick only from the top 20...

JCviggen

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Quote from: jcpone on October 03, 2019, 08:26:44 AM

We have our own bet to choose in which altcoins we are going to invest, So far Bitcoin, Ethereum, Waves, Neo, Eos, Bnb, Xem,
Vetchain, Ada, Kcs and Pundix are good alts for me to hold and for now good to buy them all as long as the price was in low value
then hold until the price kicks again in the market.

I think that everyone who now chooses a strategy - buy now when coin prices are cheap and sell when the season of altcoins will come - will be the winner if he finds patience

jcpone

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We have our own bet to choose in which altcoins we are going to invest, So far Bitcoin, Ethereum, Waves, Neo, Eos, Bnb, Xem,
Vetchain, Ada, Kcs and Pundix are good alts for me to hold and for now good to buy them all as long as the price was in low value
then hold until the price kicks again in the market.

spadormie

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Don't ask people in here in investing. Many in here will just tell you the coin they are currently supporting. Suppose that you are a whale and have a lot of money in crypto, and you made a massive buy with the coin they are wanting, it would be your lost since you've been shilled by people. But I recommend you to buy known coins that are proven in many years. These coins are btc and eth. Although investing in top 10 coins except tether(if tether is still at top 10) could be beneficial.

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