$100 in every altcoin under $1 from top40

[wojak]

Here is a great example of that approach. 10$ invested in every top 100 coin at 1-1-2017. Guy made a profit of 12k. If only...
https://www.cryptocompare.com/portfolio-public/?id=43976

That's because he invested just before the big bull market took off when every coin got pumped.

If he had started his experiment in May, he'd be nursing losses on everything.

You can take every single timeframe and say something similar. Who knows, maybe next year for future generations even last may will look like good option to invest, what if all markets gets 10x? Guy didn't know it in January, so it was same risk.

BTW best idea is to cut profits, lets say sell 10% and rethink next investment.

[msteq]

Back in 2014, some people did this - they put $100 into every alt that existed.

But they never came back to say whether this was a profitable strategy - I'm guessing that the long bear market of 2014 - 2016 destroyed all their profits.

It's not a bad strategy - it's similar to what venture capitalists do - scatter the money and hope that one investment makes it big enough to compensate for the rest. But you need nerves of steel and patience enough to wait out the bear markets.

Exactly, it doesn't necessarily have to be $100, it can be less so it won't hurt. And as others posted, by less then $1 I meant "anything underpriced", so you all were right that the price shouldn't be the leading indicator. Of course it would need some investigation and don't buy pumps, wait for the dips within some period of time, then close, forget the password for one year and then wait for the surprise.

[Cnut237]

Imagine you have $4000 to invest. What are your thoughts about investing just a little amount (~$100) in every altcoin in top40 which price is still under $1? Wouldn’t that bring some profit after few months? I am sure at least few of them would get pumped x-times above $1. Also not all of them would drop to $0.

Any thoughts? Could that work?

No, I don't think that's a good idea. You'd get some good stuff, but also some rubbish (I'm looking at you, Bitcoin Cash!).
Also I don't see how the under $1 part matters. Under $1 usually just means a lot of coins in circulating supply. It's more meaningful to look at market cap.