Is hodling top 10 Marketcap coins a good tactic? - page 10.

Nrcewker

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Quote from: Shinpako09 on January 03, 2023, 07:13:33 PM

If i'm going to playsafe a bit, i'll go with btc and eth only. But then if I want a higher reward, I will take a higher risk and go with those coins from top 3 and so on. Aside from btc and eth, I don't personally like other altcoins before but last year made me think of going trx, xrp, and doge. I think i'll go with doge first, i've been wanting to hodl it since the hype of Elon and since I guess the hype is over, i'm gonna target it this year.

I too completely agree that, investing in Bitcoins or Ethereum are very much safe. It’s considered as long term investment. If you invest in these coins then ultimately you minimise the risk of losses. As op mentioned, top 10 coins will be great, as their marketcap is more, which means the popularity of the coin is really great. This have equal chances to grow or fall and therefore comes with high risk and high returns. So at last we see both types of coins and investments. What suits the best, definitely we will go for that.

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Quote from: GigaBit on January 04, 2023, 10:53:36 AM

Your statement is absolutely true. When I was dreaming and preparing my self for purchasing Solana at that moment Solana and FTX get down. I never imagined that two coins could be face such situation. Looking at the current market picture, I agree with you that there is no alternative to investing in Bitcoin and Ether. Every time the market turns from bearish to bullish, some altcoins will get down from the top position to bottom. I think one should not invest outside of these two to minimize risk. If one invests in Aptos and APE Coin with risk then have the possibility to get good return in the bullish market.

I wouldn't update the portfolio other than for BTC, Ether and BNB, not except just the three altcoins already mentioned. Altcoins are not guaranteed to recover when the market is bullish because many holders have changed their investment in Bitcoin during the current low, so I think many holders have the opportunity to recover losses to switch investments in the top 3 coins, because holding altcoins is not a guarantee for the future and In fact many altcoins have the worst rating in CMC since the bearish market, those altcoins are not worth holding for the future.

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Quote from: Minecache on October 27, 2022, 10:17:32 PM

I also believe that once this bear season is over, there will be some top coins that will not be able to recover and will be replaced by some new and more potential coins which is inevitable. The altcoin market is always like that, they will always change after every cycle, so to be honest, investing in the top 10 except BTC and ETH, all the rest is very risky.

The good tactic in a bear market in my opinion is to focus mainly on BTC and ETH, the rest look for new gems in the market instead of the top altcoins. For example, the recent Aptos project could also be new gems that will replace someone in the next bull season.

Your statement is absolutely true. When I was dreaming and preparing my self for purchasing Solana at that moment Solana and FTX get down. I never imagined that two coins could be face such situation. Looking at the current market picture, I agree with you that there is no alternative to investing in Bitcoin and Ether. Every time the market turns from bearish to bullish, some altcoins will get down from the top position to bottom. I think one should not invest outside of these two to minimize risk. If one invests in Aptos and APE Coin with risk then have the possibility to get good return in the bullish market.

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Quote from: LFC_Bitcoin on January 04, 2023, 06:20:31 AM

I remember seeing an article about some dude who put $5 in every single coin listed on Binance. It was some years ago & I can’t find the article now but he made a lot of money after being patient for a few years.

As it was a while ago I don’t know if this would be a good idea now as there are a lot more shitcoins than there once were.

I sort of tried something like this years ago. Much smaller sample, though, as I probably just bought about 20/30 coins. All sizable trading volume back then.

They almost all made a lot of money in 2017 but I kept the experiment going and they are almost all dead or close to death.

In the end, Bitcoin and somewhat Ethereum worked out best.

Timebound strategy, this I guess.

Strongkored

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Quote from: Fara Chan on January 04, 2023, 04:53:00 AM

Conditions like this are a little difficult to see a safe point in the Top 10 Altcoins, but we confirm that Ethereum is a safe Investment position, so far we have only consistently adhered to Bitcoin, Ethereum and Bnb, in our opinion these three are the safest points for times of declining market conditions , and if you have limited funds for security we prefer to stay in Bitcoin, and vice versa if there are sufficient funds and want to invest you can implement as we suggest above, (Bitcoin, Ethereum and BNB).

BNB safe but not the safest, we have to stay alert to any bad possibilities like what happened to the FTX exchange. Maybe now we don't see anything weird about CZ just like before the FTX crash we didn't see anything weird about SBF.
Of the top 10 coins in CMC, the safest Bitcoin and the second ETH, the rest are very likely to suddenly go down a lot and if you want to invest in the top 10 coins in CMC, I will prefer mid term and long term on BTC only.

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Quote from: Hamphser on January 03, 2023, 07:37:41 PM

Quote from: Shinpako09 on January 03, 2023, 07:13:33 PM

If i'm going to playsafe a bit, i'll go with btc and eth only. But then if I want a higher reward, I will take a higher risk and go with those coins from top 3 and so on. Aside from btc and eth, I don't personally like other altcoins before but last year made me think of going trx, xrp, and doge. I think i'll go with doge first, i've been wanting to hodl it since the hype of Elon and since I guess the hype is over, i'm gonna target it this year.

With having a limited funds then i would only choose up 1-3 coins which would be including Btc and Eth automatically inside my portfolio but if you do have that lots of capital or something you could invest on then

it isnt really bad to bag off the current top #10 ranking coins in the market which it might be resulting into much better profits on the time that the market would be making out some bull runs but
you should really make yourself believe nor being sure that it would happen.No one would be able to point out on what would happen in future years to come. If you do see that this one would be a good tactive
then its up to yours whether you would be taking such action or not.Just make it sure that you are really be able to bare up with the risk for whatever decisions you would be taking.

The current top 10 consists of 30% of stables. If we don't consider ETH or BTC, that leaves only five coins that have a very large capitalization. It seems to me that if you want to get more profits, you better choose coins with smaller capitalization than top 10. For example XMR or Aptos. The main thing is that the project should be reliable, and when it starts to grow, it will grow with the others.

LFC_Bitcoin

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I remember seeing an article about some dude who put $5 in every single coin listed on Binance. It was some years ago & I can’t find the article now but he made a lot of money after being patient for a few years.

As it was a while ago I don’t know if this would be a good idea now as there are a lot more shitcoins than there once were.

Davian144

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Quote from: Fara Chan on January 04, 2023, 04:53:00 AM

Conditions like this are a little difficult to see a safe point in the Top 10 Altcoins, but we confirm that Ethereum is a safe Investment position, so far we have only consistently adhered to Bitcoin, Ethereum and Bnb, in our opinion these three are the safest points for times of declining market conditions , and if you have limited funds for security we prefer to stay in Bitcoin, and vice versa if there are sufficient funds and want to invest you can implement as we suggest above, (Bitcoin, Ethereum and BNB).

The advice you offer is good, but of the nine altcoins that are currently the best ranked, I still prefer the five altcoins that are in the top ten. Among them are Ripple, Matic, Cardano and two more are the ones you mentioned. Those are my preferences around altcoins, because I always put Bitcoin on a different level than altcoins so I separate them and don't put them in the altcoin group. Because Bitcoin was the first coin I had to look at and choose before I looked at some of the other altcoins.

Fara Chan

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Quote from: Shinpako09 on January 03, 2023, 07:13:33 PM

If i'm going to playsafe a bit, i'll go with btc and eth only. But then if I want a higher reward, I will take a higher risk and go with those coins from top 3 and so on.

Conditions like this are a little difficult to see a safe point in the Top 10 Altcoins, but we confirm that Ethereum is a safe Investment position, so far we have only consistently adhered to Bitcoin, Ethereum and Bnb, in our opinion these three are the safest points for times of declining market conditions , and if you have limited funds for security we prefer to stay in Bitcoin, and vice versa if there are sufficient funds and want to invest you can implement as we suggest above, (Bitcoin, Ethereum and BNB).

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Quote from: Shinpako09 on January 03, 2023, 07:13:33 PM

If i'm going to playsafe a bit, i'll go with btc and eth only. But then if I want a higher reward, I will take a higher risk and go with those coins from top 3 and so on. Aside from btc and eth, I don't personally like other altcoins before but last year made me think of going trx, xrp, and doge. I think i'll go with doge first, i've been wanting to hodl it since the hype of Elon and since I guess the hype is over, i'm gonna target it this year.

yet the concept stands as we must not put our funds in single coin (even if it is bitcoin) there are altcoins that has good rewards also if we are willing to hold semi long term so If i am to decide? I will store 60-80% in bitcoin and spread those 20-40% into other altcoins.

buy and hold while having some short terms this is how we must do in crypto investments .

Razmirraz

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I see this thread has a positive side and can be used as a reference for newbies who are still confused about finding the right coin to invest in. The table from 2013 to 2021 shows Bitcoin as the top choice. Now that the 2023 calendar has started running, the bitcoin price is expected to increase in the new year source.
This is not investment advice, regardless of any positive issues or events that occur in 2023 that may increase the price of bitcoin, personal research is required in making investment choices.

uneng

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Quote from: Hamphser on January 03, 2023, 07:37:41 PM

it isnt really bad to bag off the current top #10 ranking coins in the market which it might be resulting into much better profits on the time that the market would be making out some bull runs but
you should really make yourself believe nor being sure that it would happen.No one would be able to point out on what would happen in future years to come. If you do see that this one would be a good tactive
then its up to yours whether you would be taking such action or not.Just make it sure that you are really be able to bare up with the risk for whatever decisions you would be taking.

As we can see by OP's post, it's really risky to invest in top 10 cryptocurrencies, with bitcoin and one or another exception, because along the years the top 10 changes constantly, and some cryptocurrencies which were at the top simply melt. By looking previous years' top 10s, I don't even know what some of those altcoins there are. So why to risk so much on them, while we have a safe bet on the top all these years, that is bitcoin? For me that is the most reasonable decision to take. There is no reason to be greedier, since the profits bitcoin can generate us are already pretty considerable, surpassing the potential of any other investment category outside crypto industry.

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Quote from: Shinpako09 on January 03, 2023, 07:13:33 PM

If i'm going to playsafe a bit, i'll go with btc and eth only. But then if I want a higher reward, I will take a higher risk and go with those coins from top 3 and so on. Aside from btc and eth, I don't personally like other altcoins before but last year made me think of going trx, xrp, and doge. I think i'll go with doge first, i've been wanting to hodl it since the hype of Elon and since I guess the hype is over, i'm gonna target it this year.

With having a limited funds then i would only choose up 1-3 coins which would be including Btc and Eth automatically inside my portfolio but if you do have that lots of capital or something you could invest on then

it isnt really bad to bag off the current top #10 ranking coins in the market which it might be resulting into much better profits on the time that the market would be making out some bull runs but
you should really make yourself believe nor being sure that it would happen.No one would be able to point out on what would happen in future years to come. If you do see that this one would be a good tactive
then its up to yours whether you would be taking such action or not.Just make it sure that you are really be able to bare up with the risk for whatever decisions you would be taking.

Shinpako09

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If i'm going to playsafe a bit, i'll go with btc and eth only. But then if I want a higher reward, I will take a higher risk and go with those coins from top 3 and so on. Aside from btc and eth, I don't personally like other altcoins before but last year made me think of going trx, xrp, and doge. I think i'll go with doge first, i've been wanting to hodl it since the hype of Elon and since I guess the hype is over, i'm gonna target it this year.

Emitdama

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Quote from: Alduron on January 03, 2023, 07:26:58 AM

Considering past developments is not always a good indicator for future events.
We have a totally different economic and political situation.
I don't think that blindly investing in the top 10 is a "good" strategy.
I think it would be profitable at this point in time, but given that there are much better options I don't consider
it a good tactic.

Development is a positive word so why not? But, it's all about consistency. Others are only good at the start and eventually they can't sustain their momentum so let's make it a practice to be observant and don't put all your trust in each projects that you invest except only for bitcoin I guess?

If you notice some strange activity on the coin that you hold then it will be better to drop them as early as possible. They are not the only coin here but there might be better coins out there which are more worthy with our money. Yes, people shouldn't use top 10 as a benchmark when investing because not all of it are genuinely good but some only climb the ranks because of the trend.

Alduron

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Considering past developments is not always a good indicator for future events.
We have a totally different economic and political situation.
I don't think that blindly investing in the top 10 is a "good" strategy.
I think it would be profitable at this point in time, but given that there are much better options I don't consider
it a good tactic.

Paul Pogba

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As investors we must always think that all investments have risks that are in line with profit opportunities, top 10 holdings of course have the potential to lose, if someone says it will definitely profit then we must be logical that any investment always has the potential to lose, and this week it was proven that market drop of more than 20%.

o48o

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Came back to visit and see how that 2022 portfolio is doing in the middle of this market chaos.

I am not that surprised about doge to be honest, it seems to always peak before the altcoin season and at some point i guess, the #altcoinseason starts.

Lately i've been thinking i should buy matic, as now when i have used it i find it handy to use. Or maybe i've been influenced to buy it as i see influencers mentioning it a lot, i am not sure. But i am surprised that it has survived that well. I was kinda hoping it would drop more before me buying it. But i guess i'll be just rushing in buying it now.

Bitcoin and eth haven't done that well but it could be way worse and we have to remember it's just few days since things started falling a part in ftx and ftx seem to have dumped everything they had.

XRP i don't personally like and BNB has some decent pr that they gained with that with a power move. I wish that CZ hasn't said anything but things would have just broken slower.

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Quote from: Falconer on October 30, 2022, 01:45:21 PM

I'm not too sure about the top 10, but would probably consider the current top 5. Bitcoin, ETH, and XRP haven't been in the top 5 for years, so I think it would be good to have all three in my portfolio.

I would probably consider some other altcoin like BNB although some would find it a joke. We can't really avoid risk even if it's just bitcoin, but maybe we can minimize the risk. So some of my choices about investment assets are clear, but it's possible the ratings will change as the industry evolves. Everything is risky including bitcoin, so being different doesn't mean you don't have the same goal especially about the return on investment.

We do share the same goal in the end, that is to make a huge ROI but that won’t happen if we never stick to the prominent coins in the market and definitely hold them for years. For me, even bitcoin alone hodling a huge amount in the portfolio is good enough, but since we can always maximize the profits by diversifying so at least I have bitcoin, ethereum, and XRP for long term hodling, that made my investments.

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Quote from: o48o on November 04, 2022, 08:32:53 AM

Quote from: Wong Gendheng on November 04, 2022, 06:49:17 AM

Gold is certainly an investment that will continue to grow and value, this is because Gold is always the first choice in investment, gold is never forgotten and is always discussed by people, more than 7 billion people in the world can receive gold and I'm sure the price of gold will continue to grow.

Gold might have real world use cases as an useful material, but argument of gold being first choice because of that and scarcity doesn't hold water after we start mining from asteroids. And this is not science fiction anymore: Nasa's Psyche mission

When you flood the markets with gold, it would drop the value so much it would absolutely crush the gold investors.

I am not saying that we could depend just on scarcity either to back up value but it helps, there are many factors that need to be available like stability of working infrastructure to keep values stable.

It is definitely not science fiction at all. It is something that is "possible" but it won't be that easy to do. We may not really benefit from it because by the time they actually start mining them and bringing the gold back to earth, we will already be quite old. It is something that our children and their children will benefit from for sure. However, one thing that we are still having trouble with is food and water.

The whole world is paying a good chunk of their income to food and maybe that’s not a problem in big nations, but as you can see from Latin America, some parts of Asia, a whole big part of Africa, the basic human needs are not met in some places, so you can have as much gold as you want, but we first need food and clean water all around the world.

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