Topic: Investing in multiple altcoins - page 29. (Read 7222 times)
You do not need to invest your funds in any other altcoins than bitcoin. Bitcoin is growing at the rate that it would hit $ 50000 by the year of 2021. The coin is being widely accepted as a method of payments and its popularity has grown so much. So investment in bitcoin will bring you more profits.
Your list of altcoins looks great to me. Although in the near future I would see Bitcoin becoming more and more bullish. Bitcoin reward halving is coming very soon in 2020. This and other developments might push the prices of altcoins a little lower. I am saying this because I myself own quite a list of altcoins and I am already slowly selling them off partly because of impatience and partly due to rising Bitcoin dominance.
By the way, if I had my way I would make it a 50- Monero, 50- Litecoin, and 20- Binance.
By the way, if I had my way I would make it a 50- Monero, 50- Litecoin, and 20- Binance.
I like most of the coins you've listed, so I would say it's a good spread. One thing to consider though is if you've spent $3k on BTC and only $500 on alts, it might be worth selling some BTC for alts once the alt bull market arrives (assuming it does), and then selling them back for more BTC later on. Appreciate that is a gamble however.
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
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
If this was your holding coins now, this is all up in hand mate. Though majority of it really has a potential to increase in the future.
But for me better to focus on Ethereum, ADA, Vetchain and Pundix, because I can able to focus on this 100% unlike many coins.
That's up to you on how you manage your funds, but I like all your list, they are solid coins that I believe has a great potential in the future.
For me, the amount you invested is too low for the number of coins you are investing, if I may suggest, reduce the number of coins into half and reduce your exposure with BTC, focus on altcoins as they have a higher chance to rise in the long run especially when bitcoin will reach $20K.
For me, the amount you invested is too low for the number of coins you are investing, if I may suggest, reduce the number of coins into half and reduce your exposure with BTC, focus on altcoins as they have a higher chance to rise in the long run especially when bitcoin will reach $20K.
I bought 3000 CAD worth of bitcoin, as for watching the coins. I
I don't think you need to hold them for years, moreover you say (not really going to watch them) I think it's very risky. because not necessarily also when you go on vacation then return to the market the price of your coins will increase many times. at least you have to keep it for a certain period or until you see it has more selling value. in investing, you need to monitor them, because the price of coins on the market is very volatile and you will lose money if you don't monitor your own portfolio. reconsider
500 CAD is divided into the top three altcoins you mentioned, namely Ethereum, Binance and Litecoin. Do you agree?
In my opinion, ETH, BNB and LTC are still very good.
In my opinion, ETH, BNB and LTC are still very good.
I prefer ethereum over any of the altcoins available for investment. Over the years it has experienced massive growth as well drastic fall, yet this is one among top altcoin for investing long term and for short term profiting. Those mentioned in the Op is perfect list of altcoins. Whatever the investment is it needs to be diversified to have the portfolio strong.
Most users here have missed the altcoin season which blow away the entire cryptocurrency market. Maybe once again this could happen, until then it needs to considered time for investing as the upcoming year has got a very big expectation on different upcoming events.
Most users here have missed the altcoin season which blow away the entire cryptocurrency market. Maybe once again this could happen, until then it needs to considered time for investing as the upcoming year has got a very big expectation on different upcoming events.
You should know it's not just about having many tokens in one's portfolio. I'm only invested in about 5 tokens, and I think is sufficient. Just do your diligent studies and make well informed decisions.
In my opinion, is you can go with the top coins in the coinmarketcap. You already selected top coins from coinmarketcap for this list. You can focus on the top 10 coins in the coinmarketcap. Another thing is don't forget bitcoin. You can get some bitcoin too.
the only reason why anybody should even buy multiple altcoins is the case where you see more than one altcoin is getting pumped and you want to participate in all of them at the same time instead of focusing on one pump.
other than that if you think you are "investing" then you should think again after looking back at the past 10 years. all the altcoins without exception have been falling down in the long term which makes then horrible "investment" but all of them had awesome pumps in short term which makes them best for trading.
other than that if you think you are "investing" then you should think again after looking back at the past 10 years. all the altcoins without exception have been falling down in the long term which makes then horrible "investment" but all of them had awesome pumps in short term which makes them best for trading.
I'd go first with ethereum, monero, litecoin and dash. And the other remaining altcoins depending on your choice or if you want to gamble with some alts that you think is good.
Otherwise, expand and distribute all the amount to those said coins.
Otherwise, expand and distribute all the amount to those said coins.
First, Ethereum and the second is Binance.
This is what I can recommend for you to make investments other than the Bitcoin you have mentioned.
This is what I can recommend for you to make investments other than the Bitcoin you have mentioned.
I would narrow it down to two or three altcoins if i were you. Do not spread your portfolio too thin. Investing for long term is nice but the problem with investing in too many is that it'll be hard for you to monitor the progress of these coins.
BAT was doing well but I'm no longer sure if they will be accepted in the long term since they started to implement KYC.
Privacy coins may have a good future with all these government regulations so I may pick one of them.
BAT was doing well but I'm no longer sure if they will be accepted in the long term since they started to implement KYC.
Privacy coins may have a good future with all these government regulations so I may pick one of them.
You could add clam coin to your list, i think clams is a nice bet nowadays and i have two reasons for this...
1.- The stacking feature, you could multiply your coins while you hold them.
2.-It's at $3 now, and some months ago it was at $18
1.- The stacking feature, you could multiply your coins while you hold them.
2.-It's at $3 now, and some months ago it was at $18
I hope that you can try to not invest in pundi because it was getting dumped so hard and so many token swap makes investors confused about that. you can more your pundi portfolios to another altcoin.
I guess you can try to take a look at some coin just like sero, matic, wirex or dili. It's much better than pundi.
I guess you can try to take a look at some coin just like sero, matic, wirex or dili. It's much better than pundi.
Limit it to like 3-5 coins. Why? Same with the statement above, because if you are planning to hold it for short term you have to ensure that you can always check the market for possible profit but of course, you also choose which coin is for long term and for me, eth and bnb are for long term and can give you high ROI in yhe next month/s
I bought 3000 CAD worth of bitcoin, as for watching the coins. I
How if you reduce the list for 15 coins only? Because I see that lists will make you confuse to watch each coin movements in the market, especially if the coins move together. You can delete dash, icon, zcash, monero, chainlink, vechain thor because I don't know if you can handle so many coins in that lists. It will need more skills to watch closely and analyze for each coin to find the best price to sell. Don't forget to buy bitcoin because I don't see bitcoin in your lists.
I just suggest it is up to you, and in my opinion Altcoin which has great potential for the future of Ethereum, the rest I think Binance Coin and Eos in terms of price is not too big but has more potential for rising prices, but it all depends on you and I just suggest it
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