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Author Topic: I'm now accumulating 15 altcoins, what do you think?  (Read 14985 times)
bohr
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November 23, 2019, 05:56:59 PM
 #241

I think you need to do some research before buying some alcoin on the market because if you buy altcoin based on feeling, it certainly doesn't rule out the possibility that you will experience a loss, I see that some of your altcoins, not have  a large transaction volume at all in the market, like, Ada, bat, hot etc which are coin ICO, the rest I think you collect coins that are quite good and have a high enough price.
You don't do that, its your mind over your emotion that is used when investing, I think OP knows that as its pretty basic when investing.
The fact that he is accumulating 15 coins, this only means one thing, he just want to minimize the risk by diversifying his investment in different projects.
But to our misfortune things to not really work in that way, while in many markets investing in different assets can be a great way to protect yourself in the case one of them fails in this market where there is such a high level of failure rate among most coins you are doing the opposite, the more coins that you buy the greater exposure to risk because there are higher chances that you select a bad project that eventually fails, then the right strategy in this market is to buy as few coins as possible while obtaining the most benefits from them.
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