Any experience with cryptofunds (ICONOMI)?

[Paranuatu]

I am thinking of investing in one of the ICONOMI cryptofunds, instead of buying multiple altcoins, in order to spread the risk. I know the profits will be smaller than buying a 'lucky coi'. Anyone got any experience with ICONOMI?

Thanks for all your replies.

[Paranuatu]

I am thinking of investing in one of the ICONOMI cryptofunds, instead of buying multiple altcoins, in order to spread the risk. I know the profits will be smaller than buying a 'lucky coi'. Anyone got any experience with ICONOMI?

Thanks for all your replies.

Bumb pumbidy bumperidoo.

[jlanzago]

I think it is a good platform, however they are actively managed funds and it will depend a lot of the manager ability to produce earnings. Crypto are very volatile and perhaps one week you see impressive earnings from one fund, and the next week is at the bottom, outperformed by all others. Plus you also need to consider the fees - each manager charges differently.

One alternative is Combicoin which is passively managed - it is a basket of the top 30 cryptocurrencies equally weighted. This allows for instant diversification and lower volatility. If you are just starting in the crypto world it may be good to consider it as a part of your portfolio, plus an active fund in ICONOMI (would recommend Crush Crypto Core by Victor Lai). You may find more about Combicoin here.