How to Build an Altcoin Portfolio successfully?

[bakasabo]

Each altcoin is promising. The only truth about it knows only devs. In my opinion, building portfolio simply by selecting promising projects isnt enough. Like people say, everything must be balanced. Not only you should divide funds into several altcoins and not invest everything into one, but you must also trade them. At least try or know basics. Simply buying and holding wont really work. It works only with Bitcoin.

Why do you think passive investing is not suitable? it's less risky I think.

It is less risky only when the price grows. But what about when the market changes its trend from bull to bear? Like I said, passive investing is  suitable only for Bitcoin. Buy it and forget about it for few months.

With altcoins it is different. We all have noticed that most of the time they copy price changes of Bitcoin, and from time to time show their own growth. It might turn out, that when you have invested in an altcoin $1000 and waited for few months, its value might now have changed. But, if you trade it when its price suddenly goes up, and be lucky to buy back when the price is low, your profit would be much greater. That is why I have said that trading should be done parallel passive investing. Or at least know basics of market trading to be able to catch "sell high buy low" moment.

[cytpoway121]

Altcoin season has started, you need to build a good portfolio. Who has experience, write your strategies for building a portfolio of promising coins.

 
How do you select promising coins?
How many coins should be in an investment portfolio?
How do I buy, all at once or in part over the course of a month?
How to deversify risks and rebalance ?

  My TOP-5 Altcoins:

1. Uniswap
2. Bao Finance
3. Chainlink
4. Ethereum
5. Aave

I suggest we discuss your strategies and ideas here!

You have listed 5 tokens who are no longer promising tokens but prominent already. Altcoins portfolios are one that you need great investment consistency to set up especially if you are looking promising tokens. For me, i will take 1inch, Bifi, and kusama tokens. You should always research and dig up gems, research the token; study the price movement before making your move.

[crypto-monopoly]

You have listed 5 tokens who are no longer promising tokens but prominent already. Altcoins portfolios are one that you need great investment consistency to set up especially if you are looking promising tokens. For me, i will take 1inch, Bifi, and kusama tokens. You should always research and dig up gems, research the token; study the price movement before making your move.

Thank you for your recommendation. But we need more coins for stray profits I think that in the top 500 is already quite possible to look.

[Bitcoin Seller]

Pick the ones that make you more money, it's the reason why you invest in a project. Or you could just stick to very few altcoins primarily ETH, ADA, and DOT which are top-ranked altcoins. If you keep a lot of them you might not get the chance to sell when the time comes to sell. Altcoins are going ATH and if you get the chance to sell them at the right time the better it is for you than not making a profit.

My portfolio consists of both small coins and large coins 1) BNB 2) TRX 3) ETH 4) Doge. And I managed to get a good profit from these coins. The main thing at the time of completing the portfolio is to pay attention to the prospects of the coin, and not just buy what there is enough money for.

Now i'm looking on coins like bake, case, sparta, berry (on Binance Smart Chain)

[isaac_clarke22]

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It is less risky only when the price grows. But what about when the market changes its trend from bull to bear? Like I said, passive investing is  suitable only for Bitcoin. Buy it and forget about it for few months.

With altcoins it is different. We all have noticed that most of the time they copy price changes of Bitcoin, and from time to time show their own growth. It might turn out, that when you have invested in an altcoin $1000 and waited for few months, its value might now have changed. But, if you trade it when its price suddenly goes up, and be lucky to buy back when the price is low, your profit would be much greater. That is why I have said that trading should be done parallel passive investing. Or at least know basics of market trading to be able to catch "sell high buy low" moment.

Mostly it is indeed copying Bitcoin but might not be too direct copy. More like take it as investors would lean to other alts as well when they saw Bitcoin's price is quite seeing the green arrows lately. That's why it is common mindset for investors to go for alts once Bitcoin starts to show it. But on the bad side, people tend to dump alts when Bitcoin dumps as well that's why there aren't that many surviving coins.