Investing in multiple altcoins

[mamahdedeh]

it seems like you are sharing too much. I think it's quite a few of the best altocoin in your opinion. especially with the funds you have, it's not proportional to buy that much altcoin. I think ethereum is the most important thing to buy, because ethereum is like giving a signal to the movement of altcoin. I think a maximum of 5 altcoins is enough.

[mamahdedeh]

it seems like you are sharing too much. I think it's quite a few of the best altocoin in your opinion. especially with the funds you have, it's not proportional to buy that much altcoin. I think ethereum is the most important thing to buy, because ethereum is like giving a signal to the movement of altcoin. I think a maximum of 5 altcoins is enough.

[jeraldskie11]

That was a nice idea, you are investing in top cryptocurrencies in coinmarketcap. Well, that altcoins is a trusted coins and it's better if you hold that for 1-2 years, for sure you will earn big profits on it.

[papagravel]

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

//snip//

I recommend that you invest part of your coins in the BNB and store them on the Binance exchange so that you have the opportunity to participate in the IEO, which are held there a couple of times a month. So you can have, albeit not a big but stable income. You can also increase your capital with a gradual increase in the price of BNB.

[Flux0z]

Not a bad choice of coins, but look into Stakenet, which i highly believe can be a high contender to become a HUGE project by the end of the year since that's where they'll release the worlds first Lightning DEX.

Most DEX solutions sucks ass, since they use Atomic Swaps to facilitate the trading, which takes way too much time compared to a centralized solution.
Day traders want instant trades, with as small of a fee as possible, and at the same time, wants to avoid KYC.

This is where Stakenet's Lightning DEX might take a huge lead in the future, since their Lighning DEX will be (unlike some of the other wannabe DEX solutions) completely decentralized

The concept is unique, since you make the masternodes host all the chains on DEX, this makes running a masternode slightly more expensive compared to your normal VPS, however it benefits the consumer who wants to USE the DEX. Why?

1) You DON'T need to sync with the DEX (Since the DEX is synced by the masternodes running at all times)
2) Near instant transactions between lightning compatible coins
3) Extremely low fees if you trade over lightning
4) NO KYC
5) NO Registration Process

This is just 1 dApp running on this eco-system. They built a multi currency lightning wallet as well, with 1-click lightning swaps, and TOR-integration, which is currently in BETA testing. Available soon for Android/IOS/Desktop.

Do your own research, however this has the best chance of becoming the industry standard later on, for sure!

[bison]

I'm not very good at choosing good assets for investment. but I only chose a few assets and focused on them for trade and investment. this year I focus more on ETH, BTC and BNB. no other coins.

[shadowduck]

That was a nice idea, you are investing in top cryptocurrencies in coinmarketcap. Well, that altcoins is a trusted coins and it's better if you hold that for 1-2 years, for sure you will earn big profits on it.

I think that keeping the same altcoin for several years is very risky. the altcoin market is changing very quickly and therefore you need to constantly change the contents of your portfolio

[coin-investor]

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

50    Ethereum
50   Ripple
50   Binance Coin
30   Litecoin
20   Enjin
10   Iota
30   Cardano
20   Stellar Lumens
10   VeChain Thor
10   Pundi X
10   Basic Attention Token
10   Ontology
10   Zilliqua
30   Monero
?   Eos
10   Tron
?   Zcash
10   Icon
?   Chainlink
any other ?
10   Dash

I will not question how you picked all these coins, but I'm pretty sure that you have made a research on all these coins, these are all good coins worthy of holding, but we all know that there is no permanent portfolio, profit from coins come and go, be sure you are good in watching your coins.

Some of these coins are for short and long term be sure to distinguish, what coins for a long term and short term and let go of coins that are losing its value.

There are so many coins are in your portfolio you need an application where you can track if you are making a profit on will making a profit

[JCviggen]

I'm not very good at choosing good assets for investment. but I only chose a few assets and focused on them for trade and investment. this year I focus more on ETH, BTC and BNB. no other coins.

this is also a good strategy and it has fewer risks than choosing a large number of altcoins, but also this strategy may be less profitable than diversification for a large number of coins

[scottii]

With all these altcoins, how do you keep up with your portfolio without having to manually check each one?  Sure you have a portfolio management system.

[cassavachips]

You have too many lists that can be confusing when an unexpected market situation occurs, but that doesn't matter if you can. I prefer some lists that are not too large so they can be more focused

[jarhed]

With all these altcoins, how do you keep up with your portfolio without having to manually check each one?  Sure you have a portfolio management system.

I believe that it is right to keep more than 7-8 crypto assets in a cryptocurrency portfolio. Because for the development of each cryptocurrency asset, you need to monitor and react.

[arnefrie]

Greetings there everyone. And do you guys only consider investing or also some other strategies?

[vanimis]

Greetings there everyone. And do you guys only consider investing or also some other strategies?

Evening mate. Sorry, but what do you mean by other strategies? Don't fully get what you mean here

[arnefrie]

Evening mate. Sorry, but what do you mean by other strategies? Don't fully get what you mean here

Well, I mean, let's say, trading or mining. From my point of view, these 2 are also pretty attractive these days and are rather profitable

[vanimis]

Well, I mean, let's say, trading or mining. From my point of view, these 2 are also pretty attractive these days and are rather profitable

That's true. But mining requires higher knowledge and more aspects taken into consideration, like costs, equipment etc

[arnefrie]

That's true. But mining requires higher knowledge and more aspects taken into consideration, like costs, equipment etc

No doubt. And have you ever tried mining on your own?

[vanimis]

No doubt. And have you ever tried mining on your own?

Yes, I have. And that's why I am basically sharing the experience.

[arnefrie]

Yes, I have. And that's why I am basically sharing the experience.

And where have you been choosing the equipment? Cause this is kinda the most important component in terms of cost and productivity, I would say

[vanimis]

And where have you been choosing the equipment? Cause this is kinda the most important component in terms of cost and productivity, I would say

You are right. Well, as for me, I was choosing the equipment on Globemining. The guys are having wide range of devices for any scale of budget, different power etc