Investing in cryptos long-term / general allocation

[liexel]

Hi, I'm just thinking about the best way to invest in cryptocurrencies and it's really unnerving to keep up with which altcoins might be the next big thing.. etc etc.. I mean everyone is hoping to get on the right train but it's hard to spot which exactly will take off, so anyhow, I've decided to follow conventional wisdom and diversify as much as I can as follows, being slightly more aggressive with the altcoins:

Bitcoins 10%
Litecoins 25%
Peercoin 8%
Primecoin 8%
Memorycoins 8%
Infinitecoin 8%
Protoshares 8%
NXT 5%
Quarkcoins 5%
Worldcoin 5%
Megacoin 5%
Frankos 5%

Definitely avoiding scam and P&D coins. I'm hoping to hold the above for at least a year or two.. and I have about 50% of my investable assets in the above at the moment. Can't figure out if this is still too risky. Comments?

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[aminorex]

It's not diversification when the assets are all highly correlated.  I'd say you're throwing away about 35% of your assets, at a guess.

[davidorentol]

Bitcoins 40%
Litecoins 20%
Dogecoins 10% Wow. Such Coin 
rest 30% between one or two 2nd generation crypto currency

[gentlemand]

That's a pretty brave spread, not that there's plenty of room for many of them to rise. I'd go for more Bitcoin myself and put no more than 1-5% in each of the more obscure coins. If they explode then you still win. 8% is a big chunk to risk.

It's true that they're all tied to BTC but perhaps that'll change in time. The one coin that probably does exist in its own little world is the dreaded doggy one and that might count for a lot. Whether it'll last is another matter. Worth looking into all the same.

[molecular]

maybe I'm getting old, but I'm putting no more than 20% into alts and leave at least 80% in Bitcoin.

[DooMAD]

In terms of money invested, I went:

95% Bitcoin
5% Litecoin

It's paid off so far as LTC hasn't increased nearly as much as I thought it would.

Any small amounts I earn from faucets are used to play about with daytrading a few tiny amounts of Quark, Peercoin, Namecoin and Feathercoin.  Kind of regretting the FTC now, though, doesn't look likely to recover.

[Omikifuse]

Hi, I'm just thinking about the best way to invest in cryptocurrencies and it's really unnerving to keep up with which altcoins might be the next big thing.. etc etc.. I mean everyone is hoping to get on the right train but it's hard to spot which exactly will take off, so anyhow, I've decided to follow conventional wisdom and diversify as much as I can as follows, being slightly more aggressive with the altcoins:

Bitcoins 10%
Litecoins 25%
Peercoin 8%
Primecoin 8%
Memorycoins 8%
Infinitecoin 8%
Protoshares 8%
NXT 5%
Quarkcoins 5%
Worldcoin 5%
Megacoin 5%
Frankos 5%

Definitely avoiding scam and P&D coins. I'm hoping to hold the above for at least a year or two.. and I have about 50% of my investable assets in the above at the moment. Can't figure out if this is still too risky. Comments?

You will be better of putting all in Bitcoin, Litecoin and dogecoin..

[guybrushthreepwood]

Hi, I'm just thinking about the best way to invest in cryptocurrencies and it's really unnerving to keep up with which altcoins might be the next big thing.. etc etc.. I mean everyone is hoping to get on the right train but it's hard to spot which exactly will take off, so anyhow, I've decided to follow conventional wisdom and diversify as much as I can as follows, being slightly more aggressive with the altcoins:

Bitcoins 10%
Litecoins 25%
Peercoin 8%
Primecoin 8%
Memorycoins 8%
Infinitecoin 8%
Protoshares 8%
NXT 5%
Quarkcoins 5%
Worldcoin 5%
Megacoin 5%
Frankos 5%

Definitely avoiding scam and P&D coins. I'm hoping to hold the above for at least a year or two.. and I have about 50% of my investable assets in the above at the moment. Can't figure out if this is still too risky. Comments?

You will be better of putting all in Bitcoin, Litecoin and dogecoin..

One of those is the odd one out. I think investing in a lot of these alts is a big risk. I'd just go with Bitcoin to be honest.

[jeliman]

BTC - 60 % (you know why )
XRP - 20 % ( the next thing - I know "pre-mined" but still completely different approach)
PPC - 20 % (POW and POS hybrid, different from BTC)

with these you pretty much cover the three major approaches

[gentlemand]

Or you could create your own coin, hire some PR people and pump and dump to your heart's content or change the world with it.

[jeliman]

 

will do

[domob]

Like all the others before, I strongly suggest that you put much more weight on Bitcoin and possibly some established alts, but not so many of the obscure ones.  I, myself, have holdings in BTC, LTC, PPC and NMC.  The latter, in particular, has some nice potential in my eyes, and wasn't yet mentioned in this thread.  However, I have the majority of my crypto holdings in BTC, and suggest you do that if you don't want to gamble with even higher risk than Bitcoin is already.

[mufa23]

Bitcoin and litecoin. I wouldn't trust any other coins, longterm speaking.

[Timetwister]

95% Bitcoin, 5% Nxt.

[griffinriz]

NXT can be next Bitcoin  50% Bitcoin , 50% NXT