Hi! Im actually holding a lot of alts. Im absolutely over diversified but i dont know what to sell.
I'm very scared to sell some of my coins and see a time later that the price skyrockets. I know that I have too many coins but I really do not know what to do.
Any advice or suggestion?
The conventional wisdom is that you need to concentrate your bets and bet big when you have conviction. This certainly works well for big investors like Warren Buffet with well connected friends in government and business. But for small investors I find it best to diversify because cryptos are volatile and many of them simply die and go zero. I don't see anything wrong with owning 50, 80 or 100 names so long as you apply judgment and select crypto coins with strong business models, active development, growing ecosystems, legitimate use cases, plausible roadmaps. There are many me too coins which are designed only to enrich the promoters so be careful not to get caught in them.