your opinion about this investment strategy

[mindanalyzer]

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

[1714936805]

1714936805

[1714936805]

1714936805

[NathanJB]

There are coins that should be in your list but are not. There are also coins that are in your list but should not. Why are Ethereum, Litecoin, Monero, etc not included in the list? I have not heard of XML also. What coin is that? Another thing, what ATOM are you referring to? I suppose that is referring to Cosmos? There is also Atomic Coin and its ticker is also ATOM.

[mindanalyzer]

There are coins that should be in your list but are not. There are also coins that are in your list but should not. Why are Ethereum, Litecoin, Monero, etc not included in the list? I have not heard of XML also. What coin is that? Another thing, what ATOM are you referring to? I suppose that is referring to Cosmos? There is also Atomic Coin and its ticker is also ATOM.

My plan is to only purchase BTC as store of value and then try and hodl (using crypto lingo) these alt that I referenced above
I am not planning to trade actively, unless there is a [considerable] big pump, in which I might consider to dump the assets, with the aim of wait and buying cheap

[bassbity]

There are coins that should be in your list but are not. There are also coins that are in your list but should not. Why are Ethereum, Litecoin, Monero, etc not included in the list? I have not heard of XML also. What coin is that? Another thing, what ATOM are you referring to? I suppose that is referring to Cosmos? There is also Atomic Coin and its ticker is also ATOM.

My plan is to only purchase BTC as store of value and then try and hodl (using crypto lingo) these alt that I referenced above
I am not planning to trade actively, unless there is a [considerable] big pump, in which I might consider to dump the assets, with the aim of wait and buying cheap

You have to buy BTC because right now the price is down and it's good for the long term.
Why don't you choose BNB and ETH I think it is a coin that has the potential to have a good value for the future, I think in crypto there are no fans there is only profit, but it's a pity you don't choose ETH as your investment list.

[avikz]

If you are saving 2-2.5k each month and investing only $250 to crypto assets, then you are in good shape! Cryptos are not really an investment. Even though a lot of people considers cryptos as an investment, it is a  currency system in reality! So it is a very risky venture!

However, since you are investing a good amount of money every month, and investing only 10% of your total investment into cryptos, you should face much issues! Just add ETH in your list even if you don't trust it much! That would make your list complete.

[Xxmodded]

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

Nice investment strategy where you spent your money with several altcoin kinds without except bitcoin as your destination investment, you can invest with your strategy but you have ready much money and you faced less percentage risk if you invest with many altcoin kinds, you can invets with how strategy you describe for us and I think is have big chance to get profit.

[Strongkored]

Just my guess I see from the OP, that you invest for long term between 6 months - 1 years or  more.

From the list that you mentioned some good  especially BTC.

With your current job I think you understand to also store your crypto saving in safely.

[poptok1]

By looking at your portfolio, I'm having this impression that you are hoping to get some serious profits from those altcoins.
Diversification seems like a good idea, however we already know how alts are intertwined with the price of bitcoin.
BTC goes up and so the others, in my opinion such spread across the platforms, may be without significant meaning.
If you are going to note some income, you will, regardless of what coins you are holding and it's still going to be fiats-only profit.
I would suggest you to stick with the king. By doing just that, you are helping yourself in a way, because thanks to your regular purchases, price have the chance to move up much quicker. Maybe think about more popular, older alts, if at all.
Anyway good luck and keep yourself secured.
  

[ATSgrowth]

I do not know why you are going to invest into such many altcoins. Professional investors are saying that diversification is for people that do not know what they are exactly doing .

[huu78]

Buying Bitcoins at this time is very risky if for the long term because the market is very bad. If you buy 1 BTC in 8k and go down to 7k not have you lost 1k of your money.
If I were you I would be annoyed. But if using very good predictions probably will get a fair profit for short-term.
Do day trading for bitcoins and altcoins to get a good profit and is not at risk.

[maydna]

You have a good plan or strategy to invest in monthly with your money. You have a good coin which can provide the potential to increase in the future. That will be good if you can invest $250 every month because, with that money, you can buy the coin from your list.

Now, the biggest problem you would face is how good you are controlling your emotions when the market is down. Many traders fail to control their emotions, and they are selling their coins too fast. Maybe you will see a loss in value because of market fluctuation, but if you can hold your emotion, you will see that the losses will change into profit.

You should add ethereum in your list, but don't use big portion if you don't trust that coin. But if you still don't want to invest in ethereum and stick with your coin list, then that is okay for you.

[angrybirdy]

In my opinion,

You can reduce your investment to bitcoin and add some for Ethereum, even if you're not a fan of ethereum maybe you may consider.
Though the performance of ethereum is quite disappointing, you can use this opportunity to buy at a lower price.
If you focus mostly on bitcoin, disappointment will come to you and that might be the reason for you to lose control.

[DaMut]

The holding ratio is quite good but you forgot ETH, ETH is good as an investment considering its future upgrade there will be some hype happening.
and I do not think it is necessary to add your portfolio on ADA, why do not you make it this way
BTC 50%
ETH 25%
EOS, XRP, QTUM 25%
adding your position on EOS is more beneficial compared to ADA.

[shinratensei_]

For me, I'll not try to rush to invest in the market right now. You should analyze the potential of the market. Bitcoin is very stable right now, but to invest in bitcoin will always become the preferred choice. What should you do to analyze which is the best altcoin to invest. You don't need to start with a thousand dollars of money.


To put bitcoin as your principal investment will always become the best choice. You should remember the major coin doesn't guarantee that still give you a good return. I remember when I have decided to sell all of my ethereum and XRP. That because these major coins are not so impressive in the volatility consider both are following bitcoin these days.

I have decided to put out all of the money from ethereum a few months ago. I have bought top100 altcoin, which was having the right product and my choice is not based on how big the coin is. I just take how good the development progress and the team is responsible for bringing better and better development progress has become my point.
As a return and I'm getting 5x return.

FYI i have bought CRPT when the price around $0.1. Honestly, i don't like ATOM to be your in portfolios consider about the significant volumes of ATOM comes from the manipulated exchange site like bitforex. For me, this is unacceptable. That's why it's better to slowly analyze the market and search which is market having a lot of potentials to grow a lot.

[Landak]

You say that you are not a fan of ETH, and from what I read from your post. You are the type of investor who chooses long-term investment. Too bad if you miss ETH, this coin also has a high enough potential for long-term investment.
I still recommend that you should at least choose ETH as your investment choice and give 30% to ETH. Apart from that I also recommend that you try to choose one of these altcoin BNB, XLM, or XRP.

[DabsPoorVersion]

The holding ratio is quite good but you forgot ETH, ETH is good as an investment considering its future upgrade there will be some hype happening.
and I do not think it is necessary to add your portfolio on ADA, why do not you make it this way
BTC 50%
ETH 25%
EOS, XRP, QTUM 25%
adding your position on EOS is more beneficial compared to ADA.

I don't think that OP will consider an investment with ethereum, as his statement above, he is not a fan of ethereum, even if we all know that ethereum is a good investment, he should have considered buying ethereum even a small percentage from his investment to have an opportunity.

note: for some reason I am not a fan of ETH and trust in the potential of ADA much more

[minairia3]

Wow that was a good line up there. But can't argue with some of the people commented that, aside from investing on those alt, clearly you should include eth in the list. I think it is way more good than rubble xrp project. Eth is top 2 in thr market and considered to be the one of the best altcoin with lots of dapps and users. I dont think you see the advantage of it but later on, you will see why eth is the king of smart contract. I still prefer eth over this binance chain that has been swaying the market. But all in all, if you will invest on these coins on the list you should be cautious, why not buy now while its still cheap? Dont wait for it to gone up.

[Aabcde]

My opinion about your strategy is very good. But I didn't know it was XML, maybe because I never saw it in CMC.
I think the best and very best strategy is to believe in your choices. Yes, of course, the choice has been through a series of studies. Sometimes listening to other people's opinions only makes us doubt our own choices.

[Emperor of Man]

hi
I was introduced recently by a friend to the crypto world. I've been doing some reading about the reality of this ecosystem, creation of bitcoin and then alt coins, market experiences, the different projects objectives, a bit about the theory behind them incl pros and cons, and so on (I am a .net programmer and would like to think tech savvy, but had always ignored this field) and well ... I decided to invest 2K right away

I made some investment choices but then read a bit more and decided to re-balance it in the following manner:

BTC 36%
ADA 23%
XRP 21%
EOS 8%
QTUM 7%
XML 3%
ATOM 2%

On top of this, I am considering investing $250 every month (of course I will be flexible depending on markets prices but take this as an estimate) in the following proportion

BTC 50%
ADA 25%
either EOS, XRP or BCT the rest 25%
note: for some reason I am not a fan of ETH and trust in the potential of ADA much more


I am far from rich, especially because I live in a very expensive city, but I have a decent paying job and I try not to overspend; so as part of my savings strategy [for early retirement] I am saving 2-2.5K every month and transferring it to a money market account (and then CDs) so at least it can grow a bit in time (not counting growing inflation)

This good friend mentioned to me the so-called 1 BTC rule and I have been giving some thought to this idea. Purchasing 1 BTC would not be a problem [in the affordability sense] but then I think about the other tenet which talks about only investing in crypto what you can afford to lose. If I lost the invested 2K I would be really pissed off but I would get over that. Now shelling 8K for 1 BTC would not kill me either but It would certainly impact my plans for an early retirement

What is your perspective on this situation?

From the looks of it you are good in making financial and investment decisions. You're investing kind of money that you can afford to lose, you are properly diversifying, and your choice of coins are relatively good and wise.

About the 1 BTC thingy, I don't think anybody will need to hodl exactly 1 bitcoin! What difference would that make, except easier calculations? Just get the amount that doesn't put you under pressure.

As I said your choice of cryptocurrencies are good. I personally like BAT, ENJ, ONT and RVN too. I also like ADA and Cosmos ATOM a lot (much more than ripple or stellar).

I personally think this is a good time to invest in crypto. The bear may continue a bit longer, but I don't think the prices would get a lot lower than this.

[ecnalubma]

Its a nice investment strategy, in crypto you don’t have to go all in at least allocating 10% of your total wealth is already a good move. Yet investing in crypto is another way of escaping the inflations although it is not safe heaven but chances are extremely good.