I’m new to crypto world and have made a bunch of bad choices. Unfortunately, as of yet, I do not have the knowledge how to distinguish bad coins from good coins. But I’m willing to cut losses and use the current opportunity to buy something of value.
I’d appreciate if you could give me insight which ones of my holdings do have less value or potential. Which ones should I get rid of and which ones should I keep (they all bear huge losses now):
XRB, SEQ, EBST, THC, DOGE, SC, VTC, ZCL, XMR, XLM, LTC, EOS, NEBL, ETHOS, XEM
Tnx!
Though I cannot answer which coin to sell since I haven't researched on a most of them, I can advice you one thing. First thing before investing is to understand the whitepaper and Roadmap of the coin. If you feel its too much hassle to go through 5-6 pages of the whitepaper then watch some youtube videos from a few reputable people (not the ones who promoted Bitconnnect! lol!). If you believe the project is a unique one and going to have a great real world use case in a long term then invest in it and don't listen to anyone.
One example is Nano (XRB). I feel this is going to be huge in a long term after a wide scale adoption. Though there has been FUD recently about hacks, I am really bullish for this coin. Similar there are many other coins like PRL, NEO, REQ, IOTA which would really do well on the long run i.e a year or two.
Sell all the shitcoins coins you hold. We are likely entering a bearish market so now might be the right time to get in. Also do hold some ETH or BTC, around 25-30% in your portfolio. Never neglect these.