I need some investment advice from the veterans here if possible.
Earlier this year I executed my plan and took the plunge by investing in 10 altcoins each with an equal amount of dollars, with some bitcoin left over. As this was my first time I made some mistakes in investing at the wrong time, other coins I did OK. I'm currently a little above what I originally invested in and feel quite comfortable for the time being.
Now that some months have past I feel that I would like to increase my position in all the coins I previously invested in which I believe are for the good long term.
However in the past months I have seen some ICO's with good potential and would of liked to have invested in them but couldn't because I wouldn't be sticking to my original plan with the coins I already invested in, and sure enough recently they had increased a lot in value and I could of made a good return. So my instincts were correct and I should of invested in some additional coins. I know it is said the FOMO is a strong feeling but what happens when it is right??
Are 10 alt coins enough to be investing in?
If I spot a good investment opportunity should I invest in more alts eg. from my original 10 up to 15, my worry is when does it end as the hype never ends.
All the coins I have currently invested in are good solid coins with a good long term future but may have already past their strongest growth phase. If I have a good feeling about an ICO which has good upside potential should I dump one from my current portfolio in favour of a newer coin which could explode?
Hard decisions....
Like everyone said best investment advice is to do what you think is right. Nobody here can predict the future, we can only do what we think is right. You already made it this far and doing good, you don't need someone else to tell you what to do.
But here is my advice, don't waste your time diversifying or investing ICOs unless you spend a week researching and contacting the devs. It's easier to get burn by ICO than holding something like bitcoin that already proven itself to work and gaining value than buying ICOs. Most of the ICOs are scams right now by people that only got an idea and want to cash in the crypto hype with no technical skills to pull it off. Honestly I think it's a waste time unless you are planning to go short term pump and dump the ICOs, long term most ICO doesn't work because FOMO hype goes away and people move to new ICOs.