Topic: Is hodling top 10 Marketcap coins a good tactic? - page 6. (Read 2299 times)

No, that's not correct; it can only be a good tactic for anyone who sees it as one for them. After taking a snippet of most of the comments here, I see that some people really kick against it, while some people also think it's a good tactic for them. But no one has confirmed that out of the top 10 market cap tokens they bought, about five have really made them a good profit in the long run. Let's take, for example, the Doge coin, which was first taken as a joke coin in the beginning, but after the coin  price began to go high, it was added to the top 10 coins. Do you still see dogecoin in the top 10 today? (Nop) I believe people who invested in the coin when they saw it in the top 10 are still waiting for another pump to happen again. Another example is the Luna coin that @Sir legend mentioned below.


This was a good example 👍🏻


Sure, you can say it's their business or whatever, but again, some crypto beginners just fall into this top 10 coin or token without realizing that it doesn't even minimize their risk of investment. They sometimes think that since they are spreading their funds on different altcoins, it can limit the risk, and at least they can make profit from most of those coins, of which even all those coins can turn out to be shitcoins. I just feel so softhearted and wish I could help everyone at once by letting them understand the risk that also follows the tactics (most especially beginners). But for those who are already aware of what the results may be, they don't rely on their high hopes, and even if they lose their investment, they already realize they were only trying their luck with altcoins. But some people don't think that way, and if those people lose their investment, they can be faced with some emotional troubles.

That's actually fine with me apart from everyone wanting an altcoin in hopes that it never goes very well that's their business.
I only focus on myself with the bitcoins that I have and of course apart from other people who are doing things in altcoins, that's their business. Reminding is still possible, but when they choose a path like that with the hope of pumping it that makes them feel they have high hopes of getting rich instantly, then indeed things like that are better off not needing to be dealt with anymore.
They are focused on what they are after and I of course have to be focused on what I am after with bitcoin in my portfolio.

This goes back only to perspective and I also will not be firm with my opinion that altcoins are not good because basically it is something that cannot be forced on others but indeed in this case I also have my own limits about myself which indeed only return to bitcoin and nothing more than that because for now it is the most comfortable zone for me even though indeed when in bitcoin does not mean we are safe but looking at the risk, this is much more minimized inversely when in altcoin which is indeed a very much greater risk.


In this case I'm most likely the one who said they were trash
When it comes to profits, it might be understandable but on the other hand we also have to realize that such profits are obtained because of the hope that the big guys will pump it up but that is only a small possibility out of many false hopes in my opinion.
Another condition is that we must also be able to see the thread in the middle in this case because we not only see good risks but also bad possibilities to fall further in altcoins must be considered.

Many people think that hold top 10 is the best decision, but we have to remember that a year ago LUNA was in top 10 then went bankrupt, i think there is no guarantee that hold top 10 is the best decision, if we invest big amount then i prefer invest in some coins that have prospects in the future.

Once invested in this volatile market, no one is a coward, but everyone has different thoughts and preferences. For me, investing in bitcoin or altcoin is also an investment, I mean, as long as we are aware of what we are doing with our money and will not regret it if something unfortunate happens, we have the right to invest anywhere.

Honestly, I entered this market with the primary goal of making a profit, so I am quite comfortable with diversified investments, any project I invest in, as long as it is within my tolerance.

I know there are a lot of people who hate altcoins, and strictly speaking, they are trash, nothing compared to the perfection of bitcoin. But if we talk about profit and know how we can still take advantage of it to make a profit, it is not difficult.

no one knows for sure whether it's good tactic but one thing for sure you'll have more consistency in managing the risk of your investments, generally you could always determine that these high ranked coins are usually have lower risk than the other altcoin with significantly lower market capitalization in which in this case quite essential in term of managing your investments.

if you are seeking for consistent profit and rather safe investment then just settle with these top 10 rank coin in which gonna helps you a lot in keeping your investments. but certainly it gonna be better if along the way you also add some new coins just to increase the profit that you might gain but with just little capital then you're settled.

You mean being worthful or worthless?

Newbie mistakes are really that common, even into our early days or months here on crypto space on which those kind of impressions and beliefs on mind is really that common.We would really be sharing up on the same

approach just like theirs.On the time that you would really be getting that sufficient knowledge and awareness on how things works and how things do behaves then it would really be just that normal that you would really be having that kind of disgust feeling on what you have believed in the past.Well its normal because no one starts on being a pro but rather we do start on scratch. Mistakes or errors is part of the learning stuff becauseif you didnt go into this path then i dont know on where you have been following.

Holding top #!0 coins in the market will really be that worth but of course it would be depending on how much money you do able to put all of the years had passed.
There's no way on knowing the future but at least having that Bitcoin on the top spot would give out some good results.

@DaNNy001, you see, sometimes I don't blame these crypto Beginners who invested in shitcoins (why?), because they somehow did not really get the right information about cryptocurrency before they started, with just a little knowledge. But I tend to blame some experienced crypto users who still get convinced that they could make a whole lot of profit from those shitcoins (that's absolutely gambling on investment) because they are always like, "Okay, let me just invest this amount and see if the token gets pumped or not," and sometimes, it's even after they have invested that the token price starts dumping so hard until the project owners disappear.

Let me tell you this funny story: it was about my friend. We both started this crypto journey almost the same year. This guy was really into altcoins, so one day he showed me one and said "he had seen a good project that we should invest in their token, and that within two to three years we would be making a whole lot of profit from the token." In order not to turn him down, I invested some funds. At that time, the token was trading at $0.005, but currently it is trading at $0.000003, and there is no liquidity for the token on the exchange where it's even listed. Why I said the story is funny is because this guy was really so exuberant, believing that we had made the best investment of that year. He said that token was his dream token and that he would use the profit that comes off that it to build his dream house (that's why I said in my second reply that shitcoin investors are big dreamers). It's been four years now, and the token is dead already.

Going after with meme tokens have a very uncertain future, hence, most are just investing on this at a short-time basis.
But if in case you will invest and haven't gotten out early, you may possibly suffer losses because most new meme alts have a pump and dump scenario.
They may enter in the top 10 at some point, but I think it is not good basis to consider them in your portfolio.
If you are looking for the longevity of the project, better check what's their use case in the market. Can it sustain its presence in the market?

You see, some times I see some people that are into some kind of altcoin as big dreamers (why?) because they just buy some random coins that they think are more likely to blow them if the price gets pumped, but these coins just turn into shitcoins and don't add any value to their portfolio. Some people who are really determined to invest in crypto sometimes fall into these shitcoins before they realize it and begin to invest in Bitcoin. Some also just usually give up on crypto, not knowing that they are the reason why they did not get any profit from their investment. Some are also desperate to make a quick profit, so when they see some of these altcoins on the top 10, they really feel it's worth investing because the coin or token may get pumped.
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That's why patience is always a virtue, personally for me I feel these investors that involved themselves in these altcoins are just out to make quick and fast cash supposing the actual coins invested in pumps up all of a sudden but the latter is the case and these coins always fails overnight which makes bitcoin stand out from these shitcoins. Many other investors are ignorant of learning more about what they want to invest in and just decide to go with their eye and invest in already pumping coins in the top list, sometimes when I do want to sell my coins in binance exchange I do see a lot of these shitcoins pumping so high but as an investor who understand the risk involved in investing in these, its probably better to just stick to the best investment coins (bitcoin) which have proven this over the years than trying out new pumping altcoins out of curiosity or greed to make quick cash.

I think you're confusing investing with gambling. For every newly created "project" that makes it to the top 10 or the top 20, you have dozens, if not hundreds, of projects that fail miserably. Everyone is a master of retrospective trading and can point out a coin that made it and say "you should've invested in it and you could make x1000" etc, but actually predicting that before the pump is a whole different game. Sure, you could play around with a couple of hundred $, but no one sane would put any significant portion of their wealth on Shiba Inu, Niggercoin, or another Doge Bonk. Even if it plays out the way you want, it's almost always a stupid move.

You see, some times I see some people that are into some kind of altcoin as big dreamers (why?) because they just buy some random coins that they think are more likely to blow them if the price gets pumped, but these coins just turn into shitcoins and don't add any value to their portfolio. Some people who are really determined to invest in crypto sometimes fall into these shitcoins before they realize it and begin to invest in Bitcoin. Some also just usually give up on crypto, not knowing that they are the reason why they did not get any profit from their investment. Some are also desperate to make a quick profit, so when they see some of these altcoins on the top 10, they really feel it's worth investing because the coin or token may get pumped.

In the end it just becomes a sham and of course it all comes back to bitcoin as the core of it.
I think with conditions like this, rather than looking for clear reasons with instant riches as a benchmark, I think it's better to move on to something that is more feasible.
We know that most of the people who are there only expect that, especially for those who are in shitcoin, but they are not too aware even though they say they are aware that this could actually lead them to destruction.

It could be a good idea for some people, especially those who don't have enough knowledge about Bitcoin, so they just choose to invest in some altcoins because they are in the top 10 by market cap. But it's more risky to invest in those coins compared to investing in Bitcoin because most of those coins you see in the top 10 will only be there for a while, and most of them don't usually stand the test of time because some altcoin projects are good at manipulating their token price and market cap. For example, most altcoins usually pump their tokens, and when they get a lot of attention, they dump the token. Sometime after the dump, the project may not really survive again, but Bitcoin will still do better. In the past two years, there were coins that were on the top 10, but today they are not; instead, other tokens have also been on the top 10, which may not also be there for a very long time, like Bitcoin, which has always been at the top.

It's a bad idea because you are not spreading your risk, but instead diluting what might have otherwise been your investment into bitcoin... and you are not even spreading into different industries but instead just putting money into other assets  (shitcoins) that are already mostly correlated to bitcoin's price movements.

... and if you are choosing to invest into shitcoins, merely based on top 10 criteria.. then you are likely showing lack of knowledge regarding what you are investing into, and accordingly the criteria is being chosen by the market - which in itself can be manipulated in terms of which coins are ending up in the top 10..

Not all coins that make the top 10 will stay there each year. Competition in the cryptocurrency market is fierce, and the volume of demand and supply can influence price movements and a coin's position in the rankings. Coins that are already in the top 10 are also not always the best choice to hold in the long term. It is possible that another coin with better fundamentals or wider usage will emerge and displace the existing coin.

However, for the first to top three rankings, these coins have a very strong dominance in the market and it is difficult for other coins to shift their position to a higher rank. However, keep in mind that the crypto market is very dynamic and anything can happen. Therefore the best choice is to invest in bitcoin because bitcoin has been tested from the start until now it has never changed its position. And I think without you having to tell all investors also have the same view, don't sell at a loss.

Did you join the market to minimize your loss or to make profits. As an investor you shouldn't be scared of losses as every successful investors has lost very large amount of money in the past. Let the fear of losing not limit your investment choices. Top 10 aren't good choices unless you want to select just few coins from the list like Bitcoin and Ethereum that always stays at the top 10 every year.

Other coins might stay at the top 10 but they won't be profitable compared to other coins in lower rank, in general the coins in the top 10 changes in every bull market as new project get pumped into the top 10 so why not invest in potential top 10 projects so you make more profits when they get in the top 10.

well according your past data holding top 10 marketcap is a good deal although in bear market it seems we down for 70% but in bull market we can see a whooping 1000%+  .

So its pretty much a good deal right although I have skepticism about memecoin since usually their supply is enormous and doesn't have burning mechanism but great for scalping tho hahaha
if we hit the bear market top 10 marketcap usually offer PoS mechanism so when bear market hit it would be great to accumulate and stake. 

I made a quick comparison of "BCI 10" - a top 10 crypto index Vs. Bitcoin.
BCI 10 is offered by Bitpanda (a regulated Austrian crypto exchange). It gets rebalanced every month to reflect any changes in the top 10.
As in the OP, it doesn't take into account any staking rewards, forks etc.

BCI 10:
1 year:


5 years:


Bitcoin:
1 year:


5 years:


In the shorter run of 1 year, Bitcoin has recorded a slightly lower loss, but in the span of 5 years - it massively outperformed the BCI 10 index.