Is hodling top 10 Marketcap coins a good tactic?

[yhiaali3]

Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.

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[milewilda]

Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.

There's no such thing about guaranteed and if we do look and compare out on those coins who had sit out on top 10 rankings then it did really make out some change and as op had been said that
some coins/projects didnt really able to make it on which it might be listed on top 10 in the past but eventually sits down on the lower ranks after further years.
If we do speak about risk taking and does have that money to spend or invest on and holding for long term years then it would be depending on someones choice.
If you could able to put up funds for long years then its good but we should be wise on the time that prices is considerable enough for us to make a sell
so that you wont really be ending up on holding for too long or waiting up.

[Baofeng]

Oh wow, I just remember a experiment from @LoyceV years ago. I did not participate that time because I was just starting my crypto journey.

But for those who are interested and understand what I'm saying here,

LoyceV's Legendary 10 Month 10 Person 10 Altcoin Investment Experiment: ENDED

LoyceV's Legendary Small-scale 10 Month 10 Person 10 Altcoin Investment Experiment: ROUND 2

[goinmerry]

Holding the top 10 market cap coins might be a good tactic but for me, Bitcoin is the only good investment there for the long term.

There are lots of opportunities outside the Top 10 if we were able to hunt those and able to enter at the right time.

But regardless if it's Top 10 or not, making profits out of those depends on how we managed it.

[ultrloa]

Holding the top 10 market cap coins might be a good tactic but for me, Bitcoin is the only good investment there for the long term.

There are lots of opportunities outside the Top 10 if we were able to hunt those and able to enter at the right time.

But regardless if it's Top 10 or not, making profits out of those depends on how we managed it.

Not debatable option to choose bitcoin is the top option but we also need to consider that we should't put all our eggs on one basket only because to much believing on single good investment option might not good to us so separating it to top 10 can possibly give us good income stream as a result since for sure once bull run came this coins will also go pump to.

[Ultegra134]

Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.

There's no guarantee when investing, even if they're the top 10 ranked coins. The sooner we adopt this mentality, the better. There are quite a few instances of coins dropping down from the top 10, either because they crashed or due to loss of interest. Some examples include Litecoin, which did not crash to zero but was simply outclassed by newer, more advanced coins; XRP, which crashed after a lawsuit, if I'm not mistaken; and Terra, which is now worth almost nothing.

It's pretty safe to conclude that investing is risky. Even if you choose to go with the safest-looking options, the risk is always there.

Also, I'll have to disagree with the OP's statement regarding 10x capabilities by investing in Bitcoin or Ethereum. Nowadays, in order to achieve a 10x from Bitcoin, it'd have to surpass $200.000, which is highly unlikely to happen anytime soon.

[AmoreJaz]

Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.

There's no guarantee when investing, even if they're the top 10 ranked coins. The sooner we adopt this mentality, the better. There are quite a few instances of coins dropping down from the top 10, either because they crashed or due to loss of interest. Some examples include Litecoin, which did not crash to zero but was simply outclassed by newer, more advanced coins; XRP, which crashed after a lawsuit, if I'm not mistaken; and Terra, which is now worth almost nothing.

It's pretty safe to conclude that investing is risky. Even if you choose to go with the safest-looking options, the risk is always there.

Also, I'll have to disagree with the OP's statement regarding 10x capabilities by investing in Bitcoin or Ethereum. Nowadays, in order to achieve a 10x from Bitcoin, it'd have to surpass $200.000, which is highly unlikely to happen anytime soon.

to reduce such risk, even if you are investing in top alts, you should also keep up with their updates and not be contented for months or years without checking the progress of the coin. there are some instances like the xrp lawsuit and the terra crash. if you think there is surrounding news towards the coin you are holding, better keep an eye on them and decide which path you will take before you totally lost your investments.

[o48o]

We also have to consider that in those said years, there are different trends that happened at some coins. Therefore, the Top 10 in the snapshot date chosen by OP which is October 24 has different data from other months within or the same year.

Take note also that when there's a big hype on a certain coin, it's really achievable to build up a big volume making their market capitalization grow but in most cases, that hype doesn't last for long resulting in not sustaining their position in the Top 10 coins in terms of market cap.

Anyway, I am honestly impressed with the effort done on that comparison.

Thanks, and that's a good point. I considered putting aths in there too, like for example what would have happened to your nxt holdings in 28.12.2017 because of ignis airdrop for NXT holders


...but topic would have got way more complicated then just pure hodling.

-cut-. Just think of Luna Terra, it was not into the top 10, but it was among the leading cryptocurrency list. -cut-

Luna terra fits there because i removed stablecoins.

[Minecache]

I also believe that once this bear season is over, there will be some top coins that will not be able to recover and will be replaced by some new and more potential coins which is inevitable. The altcoin market is always like that, they will always change after every cycle, so to be honest, investing in the top 10 except BTC and ETH, all the rest is very risky.

The good tactic in a bear market in my opinion is to focus mainly on BTC and ETH, the rest look for new gems in the market instead of the top altcoins. For example, the recent Aptos project could also be new gems that will replace someone in the next bull season.

It’s a certain fact that altcoins in the market do not stay for long in their marketcap position, either they fall on the bottom or just gone eventually like a thin air. Even established altcoins that are on top of the list cannot sustain their position, except for ethereum and bitcoin that have been very consistent in their market position. So I’d say hodling long term for those top coins do not guarantee profits in the end. But with bitcoin and ethereum, history proves it that they can always gain sustainable profits.

Indeed. Aside from bitcoin, ethereum or possibly more BNB, all other altcoins are not investment advice at this time. If you follow the altcoin market regularly, you will see that there are many big projects under construction such as aptos, sui, quainetwork… these are projects funded by big funds Binance, FTX, Alameda Research ...backing. They will most likely be the next generation replacing existing altcoins in the same way that sol, near, avax have replaced older altcoins. The bear market is one that should only be focused on bitcoin if you are a savvy investor.

[Kemarit]

Even the top order will fail, but the chances for the same is very narrow. Investing over the top cryptocurrencies on the coinmarketcap will lower the risk, however we need to understand that risk is part of cryptocurrency investment. Just think of Luna Terra, it was not into the top 10, but it was among the leading cryptocurrency list. Finally unexpected crash took place. Market is really tough to predict.

Terra Luna crash because it's a failed market. I guess it really depends on how we look at it, could be good tactic for some, or it's just a fallacy that we are made to belief. Regardless, we may have to find only the best 5 coins and yet the result will be the same.

And it just shows that there are risk involved, huge risk that even the top 10 will have a good chance to fail or at least not give us the profits that what we are expecting. So again each one of us should look for strategies that fit us, our initial capital and risk.

[LogitechMouse]

There is nothing wrong holding top 10 coins but narrowing it to just 2 coins will lessen the risk of you losing money.
Just invest in Bitcoin and Ethereum.

I mean since the launch of Ethereum, it has been on the top 2 ever since until today (though XRP made to the top 2 in 2016). All of the altcoins from the top 3-10 are either still in the top 3-10 or they are now out of the top 20 or even top 50. Investing in the 2 coins that I said is a safer approach though if you want to be more aggressive, there are some altcoins like XRP, Cardano and even DOGE that you might think to invest your money with.

LUNA? Just forget about that shitcoin already. It is at the top 10 for a year only and Do Kwon became arrogant about it. Now he is facing the consequences .

[o48o]

Indeed. Aside from bitcoin, ethereum or possibly more BNB, all other altcoins are not investment advice at this time. If you follow the altcoin market regularly, you will see that there are many big projects under construction such as aptos, sui, quainetwork… these are projects funded by big funds Binance, FTX, Alameda Research ...backing. They will most likely be the next generation replacing existing altcoins in the same way that sol, near, avax have replaced older altcoins. -cut-

Huge backers and investment firms will give you an edge because those people research a lot and have connections that can cause growth in price, but they make huge mistakes too as only real pros can often see the fundamental system architecture flaws in the crypto project.

While for example Winklevoss brothers and Pantera Capital invested in Luna, they made (at least Pantera) huge profits with it before it crashed. But nothing says that they were aware problems in ust design before they invest or when they sold. My guess is that Pantera was just lucky in timing it.

Btw thanks for the list of alts, i'll check them out.

_cut_
Terra Luna crash because it's a failed market.
_cut_

Terra Luna / UST crashed because there were clear design flaws in it. Not because of market:
https://thecryptobasic.com/2022/07/27/ethereum-founding-member-says-terra-luna-and-ust-were-plagued-with-clear-defects/
https://www.youtube.com/watch?v=ayBvY8LnWuY

 

[adzino]

You have already answered your own question. As you can see, if you held the top 10 coins for long term you would have ended up with some very good profit. The only year that performed worst when compared to the previous year, is this year, but as long as you aren't selling and you keep holding and investing, you will be making more profit. Compared to the price a decade ago, you are still in profit. But yeah, you have to keep yourself updated. Look how the top 10 changes a lot with only bitcoin and ethereum which remained unbeaten. This once again proves that all other altcoins are much more riskier to invest when compared to investing in bitcoin or ethereum.

[OgNasty]

I think diversification is important, so maybe selecting a few of the top 10 coins to add to your portfolio isn't a bad idea.  I personally own 4 of the current top 10 and have owned 6 of them at different points in time.  I also wouldn't restrict yourself to just the top 10 coins.  I would select 1 low market cap coin at least and maybe a couple in the ~20 range.  For example, Namecoin and MATIC are a couple of coins I've selected to hold in my crypto portfolio and while their performance hasn't inspired much as of late, I still believe that you can be pro-Bitcoin and still want crypto diversification.  That being said, an overwhelming majority of my crypto portfolio is BTC.

[Reid]

Thank you for putting it in one. Some of the coins listed brings back memories and it makes you see how profitable investing in the top 10 is than how it is now. Looking for a gem is more difficult as more coins are being created.
This also tells how investment is way risky now that how it was before. As the competition gets broader it's easy to miss other projects that have a future ahead while we are stuck to something that won't even move even for a long-term holding.
Dash is a good example. $2 at 2014, $293 at 2017. Selling it now will still make you profits. It doesn't matter if you miss the ATH.

[Ultegra134]

Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.

There's no guarantee when investing, even if they're the top 10 ranked coins. The sooner we adopt this mentality, the better. There are quite a few instances of coins dropping down from the top 10, either because they crashed or due to loss of interest. Some examples include Litecoin, which did not crash to zero but was simply outclassed by newer, more advanced coins; XRP, which crashed after a lawsuit, if I'm not mistaken; and Terra, which is now worth almost nothing.

It's pretty safe to conclude that investing is risky. Even if you choose to go with the safest-looking options, the risk is always there.

Also, I'll have to disagree with the OP's statement regarding 10x capabilities by investing in Bitcoin or Ethereum. Nowadays, in order to achieve a 10x from Bitcoin, it'd have to surpass $200.000, which is highly unlikely to happen anytime soon.

to reduce such risk, even if you are investing in top alts, you should also keep up with their updates and not be contented for months or years without checking the progress of the coin. there are some instances like the xrp lawsuit and the terra crash. if you think there is surrounding news towards the coin you are holding, better keep an eye on them and decide which path you will take before you totally lost your investments.

That goes without saying. You should always keep track of your portfolio, especially when dealing with altcoins. However, it's not always possible to suspect a possible crash. Terra, for instance, crashed throughout the night. I remember going to sleep thinking my UST were just fine, only to wake up with $300 less in value. I would never leave funds on a coin and not thoroughly keep track of its progress.

The only one I feel comfortable doing is with Bitcoin, which has proved its worth throughout the years. Apart from Ethereum, perhaps, I don't think I'd hold any other altcoin without paying attention to the market. Cryptocurrencies are not autopilot, they need persistence, patience and strength in order to survive and earn money through them.

[Sir Legend]

There is no investment that is safe and guarantees a definite profit, the opportunity to lose is always there even if we invest in property, gold or something else, the opportunity to lose is always there, let alone invest in the top 10, and of course we still remember LUNA, before it was destroyed LUNA was ranked 7.

[bestcoins1]

There is no investment that is safe and guarantees a definite profit, the opportunity to lose is always there even if we invest in property, gold or something else, the opportunity to lose is always there, let alone invest in the top 10, and of course we still remember LUNA, before it was destroyed LUNA was ranked 7.

Ranking on certain cryptocurrencies does not guarantee an extraordinary profit for investors, as in the Luna example you mentioned. But Luna's example cannot be taken into other investment matters such as property, gold and others of the same type, because Luna is part of a cryptocurrency that used to exist even though it has now been destroyed. So the Luna example can still be used for other cryptocurrencies with almost similar types so that the path can be very unidirectional in my opinion.

[Oceat]

There is no investment that is safe and guarantees a definite profit, the opportunity to lose is always there even if we invest in property, gold or something else, the opportunity to lose is always there, let alone invest in the top 10, and of course we still remember LUNA, before it was destroyed LUNA was ranked 7.

I think no one said it's safe since the risk of losing is always present no matter where do you want to invest your money but with proper knowledge and research of what do you want to invest you may minimize that risk of losing. And also, diversifying might save you some trouble in the future if the market turn sideways you have a backup plan to at least minimize losses.

Luna was one of the example of a hyped coin that is too good to be true and some people didn't experience it in the past but I've seen some of these pump and dump coins that eventually gone and is no good after the whales take their profit.

[virasog]

Please don't make make a thread to lure a newbie to invest in shitcoins, if they're only look on the percentage without doing a research they will say ETH and BNB are better than Bitcoin because ETH and BNB price is surge higher than Bitcoin, also ETH and BNB didn't loss too much like Bitcoin. The main factor is the date that the @OP use, he's choosing a particular date that make BTC performance isn't in good condition.

But if you look closely at all the tables over the years, it is easy to see that bitcoin has always dominated the top and other altcoins will mostly be replaced or dropped in rank year by year. Don't just care about ROI but ask why bitcoin is always at the top of the list.
@OP, I think to avoid confusion for newbies in case they don't research but only look at ROI, OP you should add the market capitalization column.

In order to get benefits from both bitcoin and altcoins, it is better to have a portfolio that contains both bitcoin and altcoins. I usually suggest people to keep 50% of their money in bitcoin but at the same time invest the remaining 50% of their money in altcoins. In this way, you will never be worried as you will benefit from both the bitcoin and altcoins ROI.
Also, when it comes to altcoins, it is better to invest in top altcoins.