The majority of my portfolio consist of bitcoin, Altcoins are only the minority of my portfolio and the top 50 coins of coin listing sites such as CMC now consist 80% of my current altcoin holding. The 20% of my altcoin holdings now is those who are a start up or have potential to bring profit in the future if I got lucky with them but the risk with them is a bit high compared to other coins I have on my portfolio. I just like being safer that's why I only have a very minor amount of risky tokens in my portfolio. I learned from my past doing gamble on unsure coins, I ended up having a pile of trash coins on my wallet.
Totally agree with you on that! Successful investing relies on maintaining a diversified portfolio. A large portion of your holdings should be in trusted cryptocurrencies like Bitcoin, but you shouldn't ignore the upside of investing in promising new initiatives. Striking a balance between the two is essential before making any financial commitments.
There are a few things to bear in mind while doing preliminary research for brand new endeavors. Examine the project's team first to get a sense of who will be working on it. How seasoned are they, and how well-liked are they among their peers? Second, think about the challenges that really exist in the world and whether or not the technology that the project uses may help. Finally, you should think about the project's potential success in the face of other offerings. Is there a genuine need for the project's proposed solution?
Investing in new ventures and initiatives requires diligence if you want to locate the ones with the highest return potential. While it's true that there's always the chance of losing money when trading or investing in cryptocurrencies, the right amount of preparation and study may help you reduce your exposure to risk and make educated choices.