Topic: Why altcoins should not be neglected! (Read 184 times)
For me, Altcoin should keep us check because it is still very profitable. Currently, Bitcoin has climbed very high and when the Bitcoin price is stable. I guess it will be a lot of altcoins that will respond and the price will slowly rise. I get many advantages of Altcoin and to date still, hold the Altcoin.
Just like in business settings, it is always good to diversify this will to a great extent reduce risks.
Also diversifying in terms of altcoins is good but this will totally depend on the altcoin. It should be wise to study the altcoin before investing..
Also diversifying in terms of altcoins is good but this will totally depend on the altcoin. It should be wise to study the altcoin before investing..
Altcoins can never be neglected in cryptocurrency because they constitute a major part of this industry. Aside that, many people are in cryptocurrency business because of these alternative coins with the idea to make profits.
altcoin was getting more than 25% of dominance in the CMC and that means it's nt dead yet. so many people have created their own pre-assumption about that which is not true and they are only creating so many buzzwords about that. it gets a little lost in the bitcoin pair but it's not lost everything.
There isn't much of diversification to be done for me this is because of I do not boost of too much capital and I am positive about my altcoins.
To diversify could come with consequences noting that altcoins are not moving up in price that much and the bad once are fizzling out
To diversify could come with consequences noting that altcoins are not moving up in price that much and the bad once are fizzling out
Altcoins can never be neglected in cryptocurrency because they constitute a major part of this industry. Aside that, many people are in cryptocurrency business because of these alternative coins with the idea to make profits.
The falling prices in bitcoin show the advantages of diversifying.
Tony had a diversified portfolio where he focused on every altcoin but bitcoin. He had a keen interest in trading but had always heard about diversifying.
John, on the other hand, was too confident on bitcoins and invested all his money on it.
Do you probably want to know what happened next?
By the mid of this year, Tony saw bitcoins going from $3000 to $12000 while regretting his decision. When bitcoin finally reached the heights Tony finally made up his mind to give up on all altcoins and go with his friend John.
Some of you might have guessed what happens next. The price of Bitcoin again starts to decrease. Both John and Tony suffered the loss.
Last couple of days we have seen the price of BTC going down. This is the reason why many people are losing hope in it.
But if we look closely is it the same if you had diversified?
You would probably say that the price of all altcoins are also falling just like bitcoins looking at the chart by coin market cap.
https://imggmi.com/full/2019/7/3/78f78bb306351d5a337a09aab2e5d9f9-full.png.html
But if we closely look at the charts this chart is based on the comparison with USD.
Now if we compare it with bitcoin
https://imggmi.com/full/2019/7/3/af11d96a2dc8d80ce834ed7fbfedbc6f-full.png.html
The prices are actually going up. We cannot say that the prices are going up but compared to bitcoin the altcoins are not facing the same kind of loss.
Probably this is the right time when we can say that focusing on other coins is also important and not just bitcoins.
But on what to keep in mind while diversifying your portfolio?
This is the major question that most of the new investors have in mind when they start investing. Much to your relief Libertypool Blockchain Index (LPX) helps you out.
It helps in diversifying your portfolio by choosing the best coins in the market at the time and weights your portfolio accordingly. LPX uses CCi30 which is known to give the most accurate portrait of the market.
To know more go to [libertypool.com](https://libertypool.com/) and to be an early investor.
Tony had a diversified portfolio where he focused on every altcoin but bitcoin. He had a keen interest in trading but had always heard about diversifying.
John, on the other hand, was too confident on bitcoins and invested all his money on it.
Do you probably want to know what happened next?
By the mid of this year, Tony saw bitcoins going from $3000 to $12000 while regretting his decision. When bitcoin finally reached the heights Tony finally made up his mind to give up on all altcoins and go with his friend John.
Some of you might have guessed what happens next. The price of Bitcoin again starts to decrease. Both John and Tony suffered the loss.
Last couple of days we have seen the price of BTC going down. This is the reason why many people are losing hope in it.
But if we look closely is it the same if you had diversified?
You would probably say that the price of all altcoins are also falling just like bitcoins looking at the chart by coin market cap.
https://imggmi.com/full/2019/7/3/78f78bb306351d5a337a09aab2e5d9f9-full.png.html
But if we closely look at the charts this chart is based on the comparison with USD.
Now if we compare it with bitcoin
https://imggmi.com/full/2019/7/3/af11d96a2dc8d80ce834ed7fbfedbc6f-full.png.html
The prices are actually going up. We cannot say that the prices are going up but compared to bitcoin the altcoins are not facing the same kind of loss.
Probably this is the right time when we can say that focusing on other coins is also important and not just bitcoins.
But on what to keep in mind while diversifying your portfolio?
This is the major question that most of the new investors have in mind when they start investing. Much to your relief Libertypool Blockchain Index (LPX) helps you out.
It helps in diversifying your portfolio by choosing the best coins in the market at the time and weights your portfolio accordingly. LPX uses CCi30 which is known to give the most accurate portrait of the market.
To know more go to [libertypool.com](https://libertypool.com/) and to be an early investor.
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