Is diversifying into the biggest winners a good idea?

[JNR]

Sure it can work out to take small profits but what can gain quick heights can plumb even harder so monitoring will be key. Curious what kind of volumes those coins have you picked on the daily chart.

maybe it work to make a small profit, but investing on alts when the price at the TOP zone is dangerous my friend
so, you should becareful,because  anytime the price could down hard

[cryptofirm]

Sure it can work out to take small profits but what can gain quick heights can plumb even harder so monitoring will be key. Curious what kind of volumes those coins have you picked on the daily chart.

maybe it work to make a small profit, but investing on alts when the price at the TOP zone is dangerous my friend
so, you should becareful,because  anytime the price could down hard

thats right, for me if somebody buying an altcoins when the price on overbought area, they must set a stop loss level to reduce the risk
because, sometimes the biggest winners altcoins, already touch the overbought area, and a lot of traders will take their profit when the price touch the overbought area mate

[Cnut237]

I'm note sure about this as a strategy. We all know that coins can rise and fall dramatically. If you are buying coins that have already been rising, there is quite a high chance that they will drop again after you've bought them. Added to which if you're just buying blindly based on market performance rather than the properties of the coin itself, then you won't know which ones are likely to continue rising and which are just pump and dump.

[DDante]

Its a good idea if you invest your money on popular altcoins in the market right now,if i were you i will invest 80% of my cash on popular altcoins and invest the remaining on new promising projects

[slaman29]

Not the brightest of ideas but is certainly workable. It's a huge hit or miss considering that not every coin is that active or is receiving a lot of attention and some of them are being pumped for a while then people will move into other projects after making some money. Choosing the top 10 is not really ideal since those can change very often, though diversifying in itself is not a bad choice. Besides, $100 is also a good amount to try things out and see whether it works anyway so I don't see any harm in doing this. Be ready to lose a huge chunk of that play money though since there are some coins which has erratic market movements which defies most coins' movements.

This is a pretty good and simple decision for a cautious beginner. He started with the small sum and invested in the well-known cryptocurrencies. Even if he loses (it will not happen if the man can hold tokens for a long time)...so, but IF it happens, the loss will be minimal. On the other hand, he will get a priceless experience, which will be helpful in trading further.

It's still going to be hit and miss no matter what. You can narrow your chances of losses of course with research and experience but end of the day even something like BTC could go down beneath the waves, and we have no say in it really.

But definitely, diversify, and take low risks with big money. Put a few spare dollars into high risk alts for sure, but consider that a gamble.

[ashmodeus]

well, i still thinking wich coin u pick ,  as far i know,biggest gainers from that day can be biggest losers on the next morning.
because on my research its just high hype on very short time duration.
"of course it will happen if u pick unpopular coin". and got pump by ghost suddenly and u picked it.
like this time , we can see EVX got high pump and maybe u picked it and i am not sure tomorrow it will be give some profit.

for now, i have small penny on binance and spread it to 8 coins/tokens by what i like, and nothing change soo far, even 2% i didn't get.

[Bezobraznike]

   You invest in Top coins, you diversify with investments in some of the alt-coins. It`s how you start building crypto-portfolio, where Top coins should be
at least 60% of your portfolio, the rest is diversifying.
   Ratio is good as long as you believe in it. Some people believe in alt-coins more than in Bitcoin, some are Bitcoin maximalists. I`m somewhere in between,
I like Bitcoin, and I like my alt-coins.
   

[ethereumhunter]

When we invest in the top coins list, I think we will have more chance to make a profit in the future because the top coins list have a chance to increase higher. But that will not always guarantee because the position can be change from time to time and we need to be careful to select the coins. The best thing we can do is only analyze before we buy so we can decide which coins that can increase in a long time or short time. Besides that, with so many altcoins in out there, we can be confusing to choose the coin.

[Muffinmanlet]

You should not pick the current winners, you should pick the potential winners that no one has heard about yet. Those are often low cap coins with unique use cases and good teams. Good luck hunting.

[RealMalatesta]

   You invest in Top coins, you diversify with investments in some of the alt-coins. It`s how you start building crypto-portfolio, where Top coins should be
at least 60% of your portfolio, the rest is diversifying.
   Ratio is good as long as you believe in it. Some people believe in alt-coins more than in Bitcoin, some are Bitcoin maximalists. I`m somewhere in between,
I like Bitcoin, and I like my alt-coins.

Making top coins your major priority and major coins in your portfolio is even diversifying to me, because those projects that are just lying fallow there without growth is not called diversification to me, it is just called waste of money, energy and time.

It is when you fully invest in those top altcoins that I can really verify that the investor has really diversified, and to me, when diversifying, one has to make bitcoin as the major crypto in the portfolio, and that is what should earn the 60 percent that you talked about, and maybe the rest 40 percent can then be for those other top altcoins you talked about.

This is the type of portfolio that we can say is really prepared for the future, because we have to ensure that we guide our investment jealously and that is the only way to guard it.

[usekevin]

Diversifying is good idea, compared to holding your enter saving on one. Because if you had diversified your investment, you will be escaped from the entire loss. Atleast one or two will help you to tally the loss occur by the remaining. But don't diversified into very small parts.

[Oceat]

Our better chances to make gains is to invest with high gaining coin. Of course, will have to consider those coins that are already performing great today and we have to take advantage of these. But something we have to work for and not just to rely on because of its popularity.
We have to play with the market and diversification in the way is really helping.

I only see Bitcoin as a better way to gain some profit from an investment. It might take very long for your investment to grow but it is all worth it by the end of the day. Altcoins may be one of the best to invest but we should carefully choose which coins we should invest so that when diversifying you will still get back your capital at least since the market is very volatile.

[South Park]

I threw ~$100 into the 10 highest gainer coins on binance (not sure what the time pera mete was).

Anyway after doing this, the value has fluctuated between ~8-12mbtc, is this a good way to get a feel for the market and use as a fairly stable investment or did I just get lucky. This would obviously be done for a short term and you'd only ever put in when it reached the 8mbtc mark again (or at least sub 9).

I'm wondering if I ended up getting lucky on this or whether it will actually function as an investment idea, these coins seem pretty stable short term and don't seem to move by much? I knowforex sites list the biggest gainers and losers but I'm not sure if that's just a plot to say you can earn 3% in a day...

Your idea is in fact one of the fundamental rules of trading, if you want to obtain profits you need to be in the markets that are showing pronounced movements, if for example you were given the choice to invest in bitcoin or ethereum right now in which market you would like to trade? Most traders will select bitcoin since ethereum is barely moving while bitcoin is still showing a high level of volatility even if the price does not seem to be trending anymore.