Hey everyone! I've got $1000 to invest before the next bull market kicks in. Should I spread it across five different coins or go all in on just one? What are your top picks for either strategy?
If you want to invest only one all in, make sure that it will be for Bitcoin Investment. But you can count the probable profits you can gain if only in Bitcoin. By multiplying your capital and the amount of price probability in the next ATH. Of course, this will not be as much as you may gain. But, this is less risk than in altcoins.
On the other hand, if you are going for any altcoins, make sure to pick the top coins.
Check on top coins in coin market cap. There is no need to waste your money on meme coins or hype coins, ignore them although they promise that big gains in the future, it is high risk.
At least you can do your own research on some top altcoins, started from ETH, BNB, and other altcoins that still have small prices and will probably have higher prices several times in the future.