Hi
I noticed a lot of movement in altcoins and I'm wondering how stupid or how smart would it be to invest in all altcoins.
The idea would be to invest the same small amount in each altcoin.
Then I'm not sure what would be the best strategy from there. I'm pretty sure most coins would bring losses but the ones that grow would maybe cover that plus some?
Collect as much data as you can. What is the search trend for the alt coin? How big is the community?
The last time I checked (several weeks ago) the profit distribution of all 1000 alt coins is slightly below zero on the profit change (7 days). With most of the alt coins being between -10% and 10% profit/loss in 7 days. Some outliers, but the more far from the median (~ -1%) the more rare.
If you were to randomly pick one (supposing they are not scam), you have a slightly higher chance to have loss than profit.