Hey guys today i have a special question.
i am HODLing 11 different coins right now including bitcoin...it that too much or should i spread even more?
My opinion is make a wide spread so your dont have that big loss. on the other hand also not that big win...
What do you think?
The question really is how long you are wanting to hold them. The more you have, the more difficult it is to keep up with news on the projects. If you are wanting to hold and forget about them for a few years, then you can have a lot of different coins. But if you are wanting to keep them for a few months, better to have fewer coins so that you know when to sell.
That's correct. I am a hodler and owning 18 different coins (with some extra airdropped ones). My portfolio is a mixture of bigger, saver projects like XRP, ETH, ARDR, XEM with smaller, but promising projects like SC, XBY, XVG, BLOCK together with some paradise birds like ABY, TRST, MUSIC and some high risk bets on coins like ESP, 1337, MOIN, RUP. This combination compensates a lot of ups and downs. Even when the whole market goes down, do some coins lessen my losses - like XRP and ARDR at the moment.
And when I find a new interesting project, I invest a small amount of money in it without selling some coins from my holdings. Always money which I can afford to lose. So am I spreading more and more my investment, but - hopefully - take more chances.
My investments are:
50% in save coins, 30% in promising projects (which are on a good way) and 20% in promising, but a bit riskful coins. And I will hold them until they will kiss the borders of our universe - or fail. Nothing between. For daytrading I am too short in time and too emotional...
At least once a week in average I update my knowledge of every coin I invested in. Bigger investments more often than smaller investments. But I am checking the prices every day.