Is hodling top 10 Marketcap coins a good tactic? - page 11.

taufik123

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Quote from: lienfaye on November 02, 2022, 10:41:36 PM

I agree. Many investors of LUNA didn't see it coming, I even have a friend who invest huge money to end up losing it all. It just shows that even you chose to invest in popular coins, there's no assurance at all since we don't know what lies ahead. Just a reminder for all investors to not have high hopes since investing is associated with risk.

All investments will definitely be associated with risk and each investment has a different level of risk. In crypto, the risk is greater because the market volatility is quite high. Popular coins will be trash if they are not managed properly by the developers, such as LUNA, which of course does not pay like it is today.

Quote from: cozytrade on November 04, 2022, 12:45:37 PM

One thing I can see is BTC, ETH, LTC is some consistent performer from cryptocurrencies. BTC is still holding it's top position when other coins lose their position over time to other coins. It's obvious to tell where we should go but still, I want to play some risk with my funds too. So most of it should be on BTC, and a small portion of funds should be for speculation for other hyped projects from the market.

BTC and ETH in my opinion are enough, LTC is not in great demand at the moment. Diversifying into several coins would be very good, with BTC being the main investment and a small part in altcoins that have good potential in the future. You have to be smart in managing your portfolio, and enter and exit correctly, so you don't get trapped in altcoins that will become useless trash.

cozytrade

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One thing I can see is BTC, ETH, LTC is some consistent performer from cryptocurrencies. BTC is still holding it's top position when other coins lose their position over time to other coins. It's obvious to tell where we should go but still, I want to play some risk with my funds too. So most of it should be on BTC, and a small portion of funds should be for speculation for other hyped projects from the market.

virasog

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Quote from: Tony116 on November 02, 2022, 10:04:29 PM

Taking a look back at the history and the top coins of the past years, it can be said that only bitcoin and ethereum are the two coins that have stayed in place throughout the years, the rest are constantly changing. In recent years, bnb is known as a product of binance, so it can be said that these are the 3 safest coins today. As for the rest of the top coins, I don't see anything guaranteed.

We should remember the market is growing, new and better altcoins are also being created so there is no guarantee that top coins like sol, avax, near, ada will not be superseded. For me 10 topcoins is not the best choice, if long-term investment should only invest in BTC, if you want to invest in altcoins, you should wait until the bull market will appear many potential altcoins.

You are right that top 10 coins are not consistent and there are chances that some new coins may enter in top 10 while some of the coin which were at top positions in previous bull run, may not be known in the next bull run. An example of such a coin is EOS.

Anyways still it is safer to invest in top 10 coins as they have a lot of liquidity and if you are clever enough you may sell those coins a a profit. Of course, you can keep Ethereum and bitcoin forever and still these two will remain at top 2 positions for a long time. No coin can replace bitcoin and at present, there is no coin which can compete Ethereum.

lizarder

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Quote from: o48o on November 04, 2022, 05:42:32 AM

I wasn't talking about limit in tokenomics, but i could make a ton of arguments on the subject of bitcoin being historically strong and this could need a whole another topic and i am not the one having enough inside to write about it.

OK, now I understand what you mean.
and maybe this isn't a topic you specifically address for Bitcoin, but I think this topic is quite interesting.

Quote

I could talk about psychological side of markets, PoW biased propaganda for and against of PoW, AML laws etc, but i might do topic for that later. I would need to consult actual experts when even scratching the tech side of it.

So I have to wait patiently for the next discussion, even though I want to convey the other side of market psychology and PoW propaganda.
What I know is that PoW has existed long before bitcoin, this concept was re-applied by Satoshi to prevent counterfeiting of the use of assets, because this is considered very important to protect, for example spending the same asset more than once.

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Let's just say that BTC is not out of the woods yet and there are ton of pitfalls that could stop the road to the moon. The argument of pure decentralization as defence is fascinating, but somehow overly mystified imho.

Although gladly assume that. However, my instincts still say no. Because BTC is the path to the community that I have built until now, even though they are not directly involved and know exactly what BTC is?
Confusion is anonymous, it's not actually formed but we know it.

o48o

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Quote from: Wong Gendheng on November 04, 2022, 05:49:17 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.

Wong Gendheng

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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.

o48o

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Quote from: Finestream on November 03, 2022, 03:17:25 PM

Even if you invest and hold bitcoin alone, expect that there are times that it’s price will eventually drop again due to its high volatility. So there’s no perfect investments or tactics to follow, everything comes with risk. But as long as you never invested and hold for long those shitcoins and meme coins, I guess your investments will be safe and will eventually made you profits in the end.

Then you would need to define shitcoin/meme coin. Because i am pretty sure top marketcap isn't defining them. In fact there could be ton of better blockchain solutions that i am not aware of that aren't getting any developers as those developers often go with the market and choose the money flow instead.

Quote from: lizarder on November 03, 2022, 09:21:38 AM

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But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

That's why it's important to hold onto coins that have a limit in the market, or are at least historically strong. For example Bitcoin, why are people not afraid to enter the bitcoin market, because historically bitcoin has been able to bring ATH or its journey a big impact on the investments people make as a whole, although we cannot avoid corrections, speculatives and fluctuations that occur.
The comfort zone is not intended for people who like investing, considering that all forms of investment have different levels of risk, including crypto and bitcoin in particular.

I wasn't talking about limit in tokenomics, but i could make a ton of arguments on the subject of bitcoin being historically strong and this could need a whole another topic and i am not the one having enough inside to write about it.

I could talk about psychological side of markets, PoW biased propaganda for and against of PoW, AML laws etc, but i might do topic for that later. I would need to consult actual experts when even scratching the tech side of it.

Let's just say that BTC is not out of the woods yet and there are ton of pitfalls that could stop the road to the moon. The argument of pure decentralization as defence is fascinating, but somehow overly mystified imho.

Kadal Ijo

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I think the risk is always there even though we are holding top 10, if we look at Top Ranking 10 then many will change both monthly especially annually, and of course we still remember that Luna is a coin that is ranked 7th and is destroyed in a few days.

Finestream

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Quote from: Sir Legend on November 03, 2022, 04:16:38 AM

There is no perfect tactic, if we think that holding top 10 ranking is the best thing then we have to think that the opportunity to fall is possible, but as an investor the most important thing is to understand the risk so that you don't cry when you see an asset drop.

Even if you invest and hold bitcoin alone, expect that there are times that it’s price will eventually drop again due to its high volatility. So there’s no perfect investments or tactics to follow, everything comes with risk. But as long as you never invested and hold for long those shitcoins and meme coins, I guess your investments will be safe and will eventually made you profits in the end.

Woodie

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For high returns on investment your best bet is to target coins outside the top 100 or if you you want to play it safe target those outside the top 50 and see your returns grow... Going for the top 10 is an easy way to fall into manipulation traps as this is were everyone is sharks, whales, banks, hodlers etc... FYI year in year out altcoins have always produced better ROI than BTC is just a matter of finding the right coins.

lizarder

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Quote from: o48o on November 03, 2022, 07:09:39 AM

There's a point where you want to minimize your risk and just avoid losing any money instead of making it.

All forms of investment have a level of risk, when we start to involve ourselves in investing, we consciously admit that the risk exists, but sometimes people understand how to minimize the level of risk that will be caused.

Quote

But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

That's why it's important to hold onto coins that have a limit in the market, or are at least historically strong. For example Bitcoin, why are people not afraid to enter the bitcoin market, because historically bitcoin has been able to bring ATH or its journey a big impact on the investments people make as a whole, although we cannot avoid corrections, speculatives and fluctuations that occur.
The comfort zone is not intended for people who like investing, considering that all forms of investment have different levels of risk, including crypto and bitcoin in particular.

lixer

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Quote from: Fundamentals Of on October 28, 2022, 07:20:08 AM

You only have to take a careful look at the top 10 coins in terms of market cap over the years. What you will see there is that the coins are changing. The top 10 coins in market cap years ago are not anymore the top 10 coins now. The coins came and go. New coins replaced them. But then those new coins were also replaced by other new coins. Bitcoin is the only coin that is there right from the start until today. And it remained the top 1.

This is a big statement about Bitcoin and altcoins.

Some coins change in terms of positioning but as the year passes by, a couple of coins have maintained their positions very well, I think that's because people figured out that they are worthy to buy and hodl for long term and most new projects nowadays are not that good as before. Not only bitcoin but xrp is also a coin that never gets out of the top 10 if we will check the top 10 ranks for 10 years.

Ltc is also close to that. I'd say close because it only stayed on the top 10 ranks for 9 years straight and unfortunately it got removed in the year of 2021 up until this date but I still feel that the demand for ltc is still high. Many people still consider this coin as the best altcoin.

o48o

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Quote from: ?? on ??

If you have a nice and solid nest egg, it might make more sense to invest in a few projects or coins that are at the top of the market. For example, you have 25 thousand dollars and you can allocate it to coins like ethereum, bnb, matic. This way you can minimize the risk. But since the market is always open to everything, we cannot say that it is completely risk-free.

There's a point where you want to minimize your risk and just avoid losing any money instead of making it.
But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

Sir Legend

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There is no perfect tactic, if we think that holding top 10 ranking is the best thing then we have to think that the opportunity to fall is possible, but as an investor the most important thing is to understand the risk so that you don't cry when you see an asset drop.

rodskee

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Quote from: taufik123 on November 02, 2022, 09:19:45 PM

Currently, some altcoin recovery is starting to happen and the bitcoin price has been able to go above $20k, if this continues I hope a bull market will occur.
Wait and see and hold what you are holding right now, Do a DCA with the remaining spare money, it will save your portfolio.

Hope this will continue to happen , I am positive about the market since this happens before the October ends and till now as the week of November near to end so indeed that we might see some good movement in the following weeks or at least month.

altcoin will move if Bitcoin continues to grow as 20k is now heading up.

Quote from: Semar Mesem on November 03, 2022, 02:27:43 AM

We must understand that investing in cryptocurrencies is very risky, the type of investor who fails and loses is always thinking profit, usually they are tempted to sell assets to invest and after a few days or months the price decreases then they panic and sell immediately for fear of losing all the money.

risky but profitable , so better to get this into your pocket and advantage the situation .

Buy and Hold , that is better.

Davian144

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Right, there is no safe or definite word of profit if we invest in any Cryptocurrencies like a roller coaster, early last year when the market continues to decline we are shocked with Luna who continues to drop and only takes 5 days to fall from the price of $ 88 to $ 0.001, the most important thing When investing is never thinking about profit, so that when the price is dropped then we are not stressed.

Are there people who invest not thinking about profit? Because everyone who invests is certain because they expect profit, even though it is basically uncertain how much profit the investor will get. And he early last year I only saw an increase in the market, not a decline because last year was the year of the best increase ever in the history of cryptocurrency.

I would agree more if you said that the price decline was when entering the beginning of this year until now because this year I have always seen a greater percentage decrease than the percentage increase for cryptocurrencies. And if there is an increase, it's only in very small amounts.

Semar Mesem

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We must understand that investing in cryptocurrencies is very risky, the type of investor who fails and loses is always thinking profit, usually they are tempted to sell assets to invest and after a few days or months the price decreases then they panic and sell immediately for fear of losing all the money.

lienfaye

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Quote from: taufik123 on November 02, 2022, 09:19:45 PM

if we look at the history of LUNA, of course, we will be interested in the beginning and in the end, LUNA crashes and harms many people. That is an unexpected risk to the crypto market. must be prepared for all the risks that occur.

I agree. Many investors of LUNA didn't see it coming, I even have a friend who invest huge money to end up losing it all. It just shows that even you chose to invest in popular coins, there's no assurance at all since we don't know what lies ahead. Just a reminder for all investors to not have high hopes since investing is associated with risk.

Quote from: Tony116 on November 02, 2022, 10:04:29 PM

Taking a look back at the history and the top coins of the past years, it can be said that only bitcoin and ethereum are the two coins that have stayed in place throughout the years, the rest are constantly changing.

If early investors stick to these coins from the start then they made the right decision. Seeing how the price and popularity of these coins improved and still remain on top even the market is not in bull season, is an indication that it's a good choice if you're considering to invest in top coins. Nevertheless we should not invest blindly to any coins, DYOR is still necessary.

btc78

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I think it is better to call "Safe Tactic" than Good one , because we have different meaning of Good but the safer one is single and that is for you not to lose literally ,because the volatility of market is always the way to make us lose or in.

Quote from: ?? on ??

If you have a nice and solid nest egg, it might make more sense to invest in a few projects or coins that are at the top of the market. For example, you have 25 thousand dollars and you can allocate it to coins like ethereum, bnb, matic. This way you can minimize the risk. But since the market is always open to everything, we cannot say that it is completely risk-free.

I think it is diversifying ? because this has been a best strategy I use for long time now and still doing now.

Tony116

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Quote from: taufik123 on November 02, 2022, 09:19:45 PM

Quote from: stomachgrowls on November 02, 2022, 05:47:29 PM

-snip-
Then I can't really tell if it would result in a positive or not but since we are on a bear market as of this moment then it's safe to say that
it is likely we could see some recovery which would result in bigger profits.

Looking at the history of the bear market today is certainly less scary than when crypto was less popular. Currently crypto is getting more attention from the public and many new users are starting to log in.

buying and holding the current top 10 coins can be a good choice and wait for the recovery to occur.
But remember that doing research first is very important before deciding to invest.

if we look at the history of LUNA, of course, we will be interested in the beginning and in the end, LUNA crashes and harms many people. That is an unexpected risk to the crypto market. must be prepared for all the risks that occur. The top 10 coins that are my pick right now are of course Bitcoin, Ethereum, BNB, XRP, and SOLANA, then DOGE for long-term meme coins.

Currently, some altcoin recovery is starting to happen and the bitcoin price has been able to go above $20k, if this continues I hope a bull market will occur.
Wait and see and hold what you are holding right now, Do a DCA with the remaining spare money, it will save your portfolio.

Taking a look back at the history and the top coins of the past years, it can be said that only bitcoin and ethereum are the two coins that have stayed in place throughout the years, the rest are constantly changing. In recent years, bnb is known as a product of binance, so it can be said that these are the 3 safest coins today. As for the rest of the top coins, I don't see anything guaranteed.

We should remember the market is growing, new and better altcoins are also being created so there is no guarantee that top coins like sol, avax, near, ada will not be superseded. For me 10 topcoins is not the best choice, if long-term investment should only invest in BTC, if you want to invest in altcoins, you should wait until the bull market will appear many potential altcoins.

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