Topic: Is hodling top 10 Marketcap coins a good tactic? - page 8. (Read 2241 times)

When it comes to selection of coins on which one you would really be trading or investing would be entirely depending into your own preference since we do really have different approach when it comes to our investment whether we would really be just solely focus on Bitcoin or would really be tending out to diversify as much as we could. We arent that blind nor numb enough not to determine or not to notice in comparing about potential income or profits specially on longer years to come. In comparison about those old years upto the present, then we've seen on how far we do able to reach out.
There are ones who had been replaced into its ranking or placement on the ranks and there are ones who do retain which does simply imply that they are really that a solid or good project to have on.

I cant say about being a good tactic specially if you do go all in, but if you do have doubts or anxiety when it comes to decisioning or whatsoever then it would be better if you do
stick out with the current best one which is Bitcoin. Doesnt matter whether you would be holding it for long term or would be actively trading it.

regardless of whether you like it or not but in my opinion trading the top 10 Altcoins is still very profitable like BNB and ETH, at a much lower price than Bitcoin it is possible to reap a lot of profits compared to the profits that can be obtained by trading Bitcoin with the same percentage of capital.
if to save for a long time it is a little risky compared to Bitcoin, but the benefits that will be obtained are still quite worth it.
i up to now still choose to keep some top coins, i think it will be very profitable in future.

In compiling a portfolio, you can choose Cryptocurrencies based on market capitalization, then you can adjust large and medium market capitalization. The best way to diversify in compiling a portfolio is to have assets with a variety of uses and different purposes, in the first place is Bitcoin which can be used as a store of value or assets that can grow investment value. ETH and BNB as a medium for taking short-term profits are very suitable to be placed in second place, this coin has proven to be able to survive in any conditions and already has the largest network on the market.

Advance planning is necessary when building a portfolio based on acceptable risk. The best choice is to allocate funds to high-end assets such as Bitcoin, ETH and BNB because these coins have been on the market for a very long time. If you want a big profit, you can choose a coin with a small capitalization that has a very large price change, such as Shitcoin, but the risk is also very high.

What this thread shows is that only bitcoin is worth investing in, and if you want to bet on any altcoins, do it with a small percentage, I would say a maximum of 15% of your holdings. BTC is a safe bet, altcoins are more uncertain, and if you want to bet, I wouldn't get hung up on CMC's top ten, it's almost better to take one or a few altcoins that you think can multiply by a lot in a short time, like 50x or more in a year at most.

Altcoins like ETH and BNB are great, but I often use them as just my trading assets to take a little profit at a given moment because I prefer to keep Bitcoin for a long time so I don't trade Bitcoin. Taking small profits from trading altcoins is also a tactic as these profits can also be pooled to buy Bitcoins and store them for a long time. I do this because I have always loved releasing Bitcoin at a cheap price into the market so I made the option to trade altcoins only because I don't have as much affection for all altcoins as I have my love for Bitcoin.

Since OP's last update 24.10.2021, he lost an amount of his investment as all of these top 10 coins had dived down. It was the time of bull run but when the bears started the value was drained.

I think he should be investing during the time of the bear market or the time when he can assume the market had bottomed. Let's say Nov-Dec 2022, then he could have made profits. Or this week could still be a good time to start the 10 top coin investment journey. Then check out the value during the bull run after halving. The value should be something to brag about.

That does  not make a whole hell of a lot of sense... Of course, if you invest for the long term, then more aggressive that you are, then the more likely that you will be able to profit from the compounding effects that likely take place with your investment with the passage of time, whether that is 4-10 years as a starting timeline, but perhaps more realistically, it could take you 20 to 30 years or more to build your investment portfolio up to a high enough level that you get to some semblance of fuck you status.. perhaps striving to get to 20-30x the size of your yearly salary amount... Of course, there are a lot of people who work their whole lives but they are never able to get off of the hamster wheel into such a stage in which they have built up to 20-30x the size of their yearly income requirements, and so of course, if any of us is able to cut down our investment timeline to be shorter than 20-30 years and maybe get to such a level faster, then we will feel that we achieved our goal, and it seems to me that we do not arrive at such point by fucking around with shitcoins, but instead figuring out a variety of solid investments, perhaps starting out with bitcoin and  maybe diversifying outside of bitcoin as some point in which we are approaching 1x of our yearly salary amount.. but then at the same time, diversifying out does not seem to mean that any of us should want to put any of the value that we have built in our investment portfolio and to gamble on shitcoins .. so in that regard, why add unnecessary risk to our investment strategy unless it happens to be a relatively small portion of our total investment package (perhaps less than 10% of the crypto portion of our investment holdings?).. .. so likely in the beginning of building our investments, it feels like we are not making a lot of progress and it feels as if our investment portfolio is a modest amount, but then when we start to be working with multiples of our total annual income and perhaps striving to reach sizes as large as 20x to 30x the size of our annual income.. then that no longer will feel like moderate.. but the mere fact that it is not moderate will not cause anyone (who has worked hard to get to such a point) to want to piss it away by using lame concepts in which they are merely seeing that some shitcoin(s) happen to be in the top 10?  and so then how did they get there? and what value are they really providing besides just hanging onto bitcoin's coattail or sucking off of the teet of bitcoin in order to sustain it's ongoing placement in the top 10?  So I doubt that any deeper analysis would really justify some kind of desire to gamble very much with any investment portfolio that ends up getting built (and hopefully we are both striving to get above and beyond moderate in terms of how much value we might be managing within our investment portfolio).

The same isn't happening with every cryptocurrency. There are exceptions and people are used to it. When it comes to cryptocurrency we've got lot many choices and so having diversified portfolio helps in standing strong even when the market is on the downturn. Most of the cryptocurrency in the top order were of good strength, some issues have happened, but those used to be overcome by the network at the shortest.

in such cases, you need to closely follow those coins if you do want to invest in those projects. you will only understand what's happening if you will make yourself familiar with their progress and other developments.
the ratings vary from one site to another. there's no concrete list on how they will rate a specific project. when it comes to those pump and dump coins, if you are long enough in this market, you can easily spot on those pnd coins. also, you can get a hint from their social media channels.
as each coin have their timeline when it comes to actual developments, it is your own due diligence on how you can keep up with them if you decide to hold such coin. no one can do it for you but only yourself can manage the coins you have.

I don't know how all the whole rating of coins work but I was wondering about those coins that are been pumped and dumped temporary by big whales of the crypto world. Just like elon musk has been doing with some shitcoins which could be very effective in terms of ratings but it would be false as its been altered by some individual.

Investing strategies differ profoundly from person to person, although characterization depends on options such as initial capital and risk tolerance. Some prefer day trading, focusing on quick gains rather than dealing with the big picture, while others prefer long-term strategy and hold assets for months or even years before taking profits.

For this reason, if you are thinking of long-term investment and your investment amount is moderate, it may make sense to choose the top 10 marketcap cryptocurrencies, but it should be remembered that researching the coins with the potential should be your first priority. In other words, it is necessary to do fundamental analysis in the crypto currency selection process.

Holding top 10 marketcap coins a good tactic, because market cap is one of the basis that we can say that the coin is good for holding the market cap of the coins describes what kinds of coin we invest or how popular it is, good altcoins like eth an bnb has a high market cap and they are popular means they are legit and good to buy and hold.

Yep... Generally there is a need to be a bit more active and interactive, and personally I like the idea of buying BTC every week until you get to a kind of accumulation (or an investment target level that is comfortable for you), and sure if you could buy $100 per week that would be good, but surely some folks might not be able to buy that much and may even have to resort to buying $10 or less per week - because of their cashflow shortage issues and even the level of their expenses or other possible complications in their lives... so if some folks are not even able to invest $10 per week, then maybe they would need to resort to $10 per month.. or something like that.

So another concern would be trying to figure out what kind of a target investment level would be appropriate for the circumstances of the person.. and so those kinds of serious investing and holding only applies to bitcoin, you cannot be fucking around in any kind of wrong belief that you can rest assured holding various shitcoins for long periods of time..  so any amount of value that is put into shitcoins is going to need to be monitored on a regular basis in terms of considering at what point to exit and to either get into dollars or to divert that investment into bitcoin (in the event that your bitcoin investment is below your targeted amount.. whether you choose to target 1% to 25% of your investment portfolio to be in bitcoin or some other amount that you believe to be appropriate for your own circumstances).

No offence, but I don't believe a word of this. Both those websites determine the Top 10 based on total market cap, which is currently based on "verified" circulating supply x price, nothing else. The only advantage would be getting these types of platforms to "recognise" a circulating supply that isn't true, but even that wouldn't launch you into the Top 10. Maybe Top 100 at best, from a previously unrecognised market cap.

Unless you specify any particular coins that were once in the Top 10 that didn't have a true circulating supply? Maybe HEX would be the closest to this, but it soon got re-calculated as much lower.

Also to point out is that out of the 23K coins listed on coinmarketcap for example, only around 2600 actually have a registered (verfiable) market cap. If you look at P27 for example, the market caps drop to $0. So when discussing the overall total market cap of cryptos, it's not cacluated by the 23,000+ that exist, but only the 2600 that have a registered criculating supply. Just thought I'd trough that fact into the mix as many assume the total market cap is calculated by all cryptos, whereas it's only around 11%. Obviously these market caps don't acknowledge available liquidity, but otherwise they are relatively reliable to compare different shitcoins.

As per the point of the topic and OP, I don't think generally holding Top 10 coins is a good investment strategy. Sure it had some value years ago when there was only 200 or 2,000 coins, but now there are 20,000+ coins, and the Top 10 changes on a yearly basis, it's become increasingly unreliable. If anything a better strategy is to invest very small amounts of those in the Top 20 or Top 50, then sell them when they reach Top 10.

It's not a strategy I'd exactly recommend either, but indirectly I realise that my best short-term investments were in coins in the Top 50/100, and I was taking profits all the way until they reached the Top 10. After that, they generally underperformed the market (especially Bitcoin) and weren't worth holding anymore. That's just my personal experience, whereas I'm sure otherwise have found holding Top 10 coins to be useful.

Rating manipulation? How could it be true but maybe. I can compare the two coin ratings between Coingecko and Coin Market Cap, they have different coin ratings. But so far, I'm inclined to think that the Coin Market Cap reputation is much better than Coingecko's.


You are right, coin ratings may still be manipulated between coin rating sites.
Some sites don't care about reputation so they just want to make money. While some others really care about their reputation and the accuracy of their ratings.

But anyway, I think some of the top and well-known coins in the top ranking are still very good to consider, but of course they have to make their own analysis before investing. Trading volume, market capitalization and several other things must be considered before they invest. So choosing investment assets is not only done because of the coin ranking, but must be done because of analysis.

Even on some platforms, like CoinMarketCap or Coingecko, they can decide which coin to promote to the top 10 and which coin not to. More specifically, in Coin Gecko, when a friend of mine was working as a telegram moderator for a project last year, he told me he received a lot of DMs on Telgram from users asking him to pay them so they could promote their coin to become a top 10 coin on their platform, which is Coin Gecko and some other platform I can't remember. They even asked him to mention coins that he wished to see in the top 10, so they could add them and prove to him that they were real. He mentioned two coins, and they got promoted to rank in the top 10 coin markets.

So what I am trying to say is that even someone who is unlucky can get involved with some shady projects that only paid to be pushed to rank in the top 10, meaning that the person that invested in some of the shitcoins is not guaranteed a profit because not all of those coins can withstand the test of time and not even most of those projects have good intentions for their investors funds. One can be lucky with some of the projects, but there is no guarantee.

Someone who is only relying on investing in the top 10 market-cap coins may be disappointed unless they get more profit from Bitcoin. But with the current price of Bitcoin, investing just $100 and waiting for some years would not make a huge profit because the fund is small.

Well, a lot of the answers regarding how to invest, and the extent to which any diversification is necessary or warranted or that any reliance on a top 10 list would also justify diversifying the amount that you have to invest may well have to do with a variety of factors that involve from where you are starting in terms of how much capital that you have to invest, what are your already existing investments (if any) and what is your cashflow.

It seems to me that when you are brand new to investing, then it may well be best to start to build your investment portfolio with a small number of investments, prior to diversifying out, so in that sense there are needs to figure out which assets you are going to invest into and then to begin to potentially diversify out as your investment portfolio starts to grow.. perhaps you might not even diversify out further than having dollars and bitcoin until your investment portfolio becomes greater than something like $10k.. and for some people the amount might need to be higher before there is comfort diversifying out.

Let's say, for example, that a person has an annual income of $24k, and if the person figures out that s/he can invest 10% of that income into various investments, then we can calculate out that if the investment does not grow beyond merely putting in 10% per year, then it is going to take 10 years to build the investment portfolio up to 1 year's worth of income.  So, sure there are desires to accelerate that process and to cause your investment portfolio to grow faster, especially since it might take 20-30x your annual income to really feel like you have reached something like fuck you status, if that happens to be amongst your goals.

So, yeah, it has already been mentioned several times in this thread that there is a kind of need to account for risk, and there should be goals of building your investment portfolio without losing principle, and if you are already starting with a investment portfolio that might be near one year's worth of salary, then you might feel that it is o.k. to spread that out a bit, yet the idea of diversification does not really make a whole hell of a lot of sense when it comes to diversification within the same field or within similar kinds of asset classes, and so usually diversification is going to apply into differing kinds of asset classes rather within the same field.. and anyone with any kind of meaningful ability to assess the "crypto" space, should be able to clearly recognize and appreciate that bitcoin is the leader and most if not all of the other cryptos (shitcoins) are actually correlated and dependent upon bitcoin's performance, so largely to invest into shitcoins, you are largely just adding risk onto an already risky investment (bitcoin is a more risky investment than a variety of other investment classes.. but at the same time, bitcoin may well be amongst the best, if not the best asymmetric bet that is actually available.. so why fuck around with diversifying it and diluting your investment into it?  by investing into shitcoins?  or at least why invest more than maybe 10% or maybe 20% if you happen to be a kind of degenerate gambler of your crypto portfolio into shitcoins (meaning 90% should be in bitcoin and maybe only 80% if you happen to be a degenerate gambler.. hahahahahaa)....

The mere fact that there are coins in a top 10 list does not create any kind of investment case for them, unless you study why they might be adding any value beyond what bitcoin is adding and maybe studying to make sure that you actually understand what bitcoin is actually providing and why it is such a strong and great asymmetric bet.  Look at some shit like ethereum and try to figure out if it is adding anything beyond possible short-term pumpamentals?.. yes, sure some of the coins and the projects (and even considering BNB like a kind of utility coin that is attached to the exchange) may well have abilities to short-term out perform bitcoin.. but how much of your overall crypto investment portfolio you going to put into it?  Versus perhaps diversifying into equities, bonds, property and perhaps commodities - order to potentially off-set some of the volatility of your bitcoin investment as it will likely get larger with the passage of time, and sure if you are new to investing then you might feel that you can be a bit more risky since you have time to make it up if you lose out, but if you realize that it could take you 10 years to build your investment up to 1 years worth of salary, then you might want to consider how much money are you trying to build up such investment portfolio in order that potentially you would have the option to work or to choose the kind of work that you do rather than being dependent upon work in order to provide for you monthly expenses.

During every bull market, new coins take over the top positions in the crypto market. That means that the coins that are now in the top position, except for Bitcoin, Ethereum, cannot expect more from the rest of the coins. Your strategy is good but finding future top coins of crypto market is difficult. Because a lot of projects come into the crypto market every day and most of them don't end well. So if you are interested in investing in new projects, then you must divide the funds properly into several projects.

You say you are wary of investing in cryptocurrencies and see the risks of doing so. It seems to me that if you invest in top coins and are willing to wait a long time, then you have nothing to worry about. Some projects will give you the opportunity to earn much more than bitcoin.

I believe quite a lot of investors have diversified their assets with the current top altcoin. I don't agree with meme coin, but maybe it's okay if they can take the risk. Top 10 altcoin worth considering instead of just bitcoin in the portfolio, because basically everything is only possible to move when bitcoin moves.

I will probably monitor and analyze some of the best altcoin, but definitely not more than the top 5. Of course for the amount you can afford to lose.