Over Diversified | Bitcointalksearch.org

jrrr90

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Quote from: asdalani on January 24, 2018, 02:25:50 PM

Quote from: jrrr90 on January 23, 2018, 11:45:13 AM

Hi! Im actually holding a lot of alts. Im absolutely over diversified but i dont know what to sell.

I'm very scared to sell some of my coins and see a time later that the price skyrockets. I know that I have too many coins but I really do not know what to do.

Any advice or suggestion?

https://imgur.com/NcbzqfD

You weren't playing around by saying that you are over diversified. I hope that you don't keep those coins on an exchange because they can do whatever they want with that money.

I have cold wallets! Thanks again to everyone!

asdalani

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Quote from: jrrr90 on January 23, 2018, 11:45:13 AM

Hi! Im actually holding a lot of alts. Im absolutely over diversified but i dont know what to sell.

I'm very scared to sell some of my coins and see a time later that the price skyrockets. I know that I have too many coins but I really do not know what to do.

Any advice or suggestion?

You weren't playing around by saying that you are over diversified. I hope that you don't keep those coins on an exchange because they can do whatever they want with that money.

CoinCollector006

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Quote from: jrrr90 on January 23, 2018, 11:45:13 AM

Hi! Im actually holding a lot of alts. Im absolutely over diversified but i dont know what to sell.

I'm very scared to sell some of my coins and see a time later that the price skyrockets. I know that I have too many coins but I really do not know what to do.

Any advice or suggestion?

The conventional wisdom is that you need to concentrate your bets and bet big when you have conviction. This certainly works well for big investors like Warren Buffet with well connected friends in government and business. But for small investors I find it best to diversify because cryptos are volatile and many of them simply die and go zero. I don't see anything wrong with owning 50, 80 or 100 names so long as you apply judgment and select crypto coins with strong business models, active development, growing ecosystems, legitimate use cases, plausible roadmaps. There are many me too coins which are designed only to enrich the promoters so be careful not to get caught in them.

Phil_Bardsley

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50/25/25

50% Bitcoin + ETH
25% Big caps 5b+
25% low caps.

Great strategy

jrrr90

newbie

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Thanks for your answers!

malikusama

copper member

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Not a big issue at all, you should be happy that atleast you have variety of coins and chances are higher to earn a huge amount through any emerging coin.
To select which one to sell and which one to hold you will need to do some research, i have seen your coins and will suggest you to hold the top ranked coins (like ETH, NEO, XRP, Raiblocks and bitcoin etc.) and sell others according to your need.
P.S I have suggested some of them that doesn't mean that all others are worthless.

joeydangerous

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Quote from: jrrr90 on January 23, 2018, 11:45:13 AM

Hi! Im actually holding a lot of alts. Im absolutely over diversified but i dont know what to sell.

I'm very scared to sell some of my coins and see a time later that the price skyrockets. I know that I have too many coins but I really do not know what to do.

Any advice or suggestion?

I like how majority of your coins is in Ethereum. All the other coins in that Pie Chart seem meaningless.

rezurect

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You know, sometimes taking profit isn't such a bad thing, some people would say taking profit is never a bad thing Wink

Besides it opens you up to new investment opportunities.

jrrr90

newbie

Activity: 28

Merit: 0

Hi! Im actually holding a lot of alts. Im absolutely over diversified but i dont know what to sell.

I'm very scared to sell some of my coins and see a time later that the price skyrockets. I know that I have too many coins but I really do not know what to do.

Any advice or suggestion?

https://imgur.com/NcbzqfD

Topic: Over Diversified (Read 148 times)