Is hodling top 10 Marketcap coins a good tactic?

[rodskee]

Currently, some altcoin recovery is starting to happen and the bitcoin price has been able to go above $20k, if this continues I hope a bull market will occur.
Wait and see and hold what you are holding right now, Do a DCA with the remaining spare money, it will save your portfolio.

Hope this will continue to happen , I am positive about the market since this happens before the October ends and till now as the week of November near to end so indeed that we might see some good movement in the following weeks or at least month.

altcoin will move if Bitcoin continues to grow as 20k is now heading up.

We must understand that investing in cryptocurrencies is very risky, the type of investor who fails and loses is always thinking profit, usually they are tempted to sell assets to invest and after a few days or months the price decreases then they panic and sell immediately for fear of losing all the money.

risky but profitable , so better to get this into your pocket and advantage the situation .

Buy and Hold , that is better.

[1714790005]

1714790005

[1714790005]

1714790005

[1714790005]

1714790005

[1714790005]

1714790005

[1714790005]

1714790005

[Sir Legend]

There is no perfect tactic, if we think that holding top 10 ranking is the best thing then we have to think that the opportunity to fall is possible, but as an investor the most important thing is to understand the risk so that you don't cry when you see an asset drop.

[o48o]

If you have a nice and solid nest egg, it might make more sense to invest in a few projects or coins that are at the top of the market. For example, you have 25 thousand dollars and you can allocate it to coins like ethereum, bnb, matic. This way you can minimize the risk. But since the market is always open to everything, we cannot say that it is completely risk-free.

There's a point where you want to minimize your risk and just avoid losing any money instead of making it.
But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

[lixer]

You only have to take a careful look at the top 10 coins in terms of market cap over the years. What you will see there is that the coins are changing. The top 10 coins in market cap years ago are not anymore the top 10 coins now. The coins came and go. New coins replaced them. But then those new coins were also replaced by other new coins. Bitcoin is the only coin that is there right from the start until today. And it remained the top 1.

This is a big statement about Bitcoin and altcoins.

Some coins change in terms of positioning but as the year passes by, a couple of coins have maintained their positions very well, I think that's because people figured out that they are worthy to buy and hodl for long term and most new projects nowadays are not that good as before. Not only bitcoin but xrp is also a coin that never gets out of the top 10 if we will check the top 10 ranks for 10 years.

Ltc is also close to that. I'd say close because it only stayed on the top 10 ranks for 9 years straight and unfortunately it got removed in the year of 2021 up until this date but I still feel that the demand for ltc is still high. Many people still consider this coin as the best altcoin.

[lizarder]

There's a point where you want to minimize your risk and just avoid losing any money instead of making it.

All forms of investment have a level of risk, when we start to involve ourselves in investing, we consciously admit that the risk exists, but sometimes people understand how to minimize the level of risk that will be caused.

But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

That's why it's important to hold onto coins that have a limit in the market, or are at least historically strong. For example Bitcoin, why are people not afraid to enter the bitcoin market, because historically bitcoin has been able to bring ATH or its journey a big impact on the investments people make as a whole, although we cannot avoid corrections, speculatives and fluctuations that occur.
The comfort zone is not intended for people who like investing, considering that all forms of investment have different levels of risk, including crypto and bitcoin in particular.

[Woodie]

For high returns on investment your best bet is to target coins outside the top 100 or if you you want to play it safe target those outside the top 50 and see your returns grow... Going for the top 10 is an easy way to fall into manipulation traps as this is were everyone is sharks, whales, banks, hodlers etc... FYI year in year out altcoins have always produced better ROI than BTC is just a matter of finding the right coins.

[Finestream]

There is no perfect tactic, if we think that holding top 10 ranking is the best thing then we have to think that the opportunity to fall is possible, but as an investor the most important thing is to understand the risk so that you don't cry when you see an asset drop.

Even if you invest and hold bitcoin alone, expect that there are times that it’s price will eventually drop again due to its high volatility. So there’s no perfect investments or tactics to follow, everything comes with risk. But as long as you never invested and hold for long those shitcoins and meme coins, I guess your investments will be safe and will eventually made you profits in the end.

[Kadal Ijo]

I think the risk is always there even though we are holding top 10, if we look at Top Ranking 10 then many will change both monthly especially annually, and of course we still remember that Luna is a coin that is ranked 7th and is destroyed in a few days.

[o48o]

Even if you invest and hold bitcoin alone, expect that there are times that it’s price will eventually drop again due to its high volatility. So there’s no perfect investments or tactics to follow, everything comes with risk. But as long as you never invested and hold for long those shitcoins and meme coins, I guess your investments will be safe and will eventually made you profits in the end.

Then you would need to define shitcoin/meme coin. Because i am pretty sure top marketcap isn't defining them. In fact there could be ton of better blockchain solutions that i am not aware of that aren't getting any developers as those developers often go with the market and choose the money flow instead.

But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

That's why it's important to hold onto coins that have a limit in the market, or are at least historically strong. For example Bitcoin, why are people not afraid to enter the bitcoin market, because historically bitcoin has been able to bring ATH or its journey a big impact on the investments people make as a whole, although we cannot avoid corrections, speculatives and fluctuations that occur.
The comfort zone is not intended for people who like investing, considering that all forms of investment have different levels of risk, including crypto and bitcoin in particular.

I wasn't talking about limit in tokenomics, but i could make a ton of arguments on the subject of bitcoin being historically strong and this could need a whole another topic and i am not the one having enough inside to write about it.

I could talk about psychological side of markets, PoW biased propaganda for and against of PoW, AML laws etc, but i might do topic for that later. I would need to consult actual experts when even scratching the tech side of it.

Let's just say that BTC is not out of the woods yet and there are ton of pitfalls that could stop the road to the moon. The argument of pure decentralization as defence is fascinating, but somehow overly mystified imho.

[Wong Gendheng]

Gold is certainly an investment that will continue to grow and value, this is because Gold is always the first choice in investment, gold is never forgotten and is always discussed by people, more than 7 billion people in the world can receive gold and I'm sure the price of gold will continue to grow.

[o48o]

Gold is certainly an investment that will continue to grow and value, this is because Gold is always the first choice in investment, gold is never forgotten and is always discussed by people, more than 7 billion people in the world can receive gold and I'm sure the price of gold will continue to grow.

Gold might have real world use cases as an useful material, but argument of gold being first choice because of that and scarcity doesn't hold water after we start mining from asteroids. And this is not science fiction anymore: Nasa's Psyche mission

When you flood the markets with gold, it would drop the value so much it would absolutely crush the gold investors.

I am not saying that we could depend just on scarcity either to back up value but it helps, there are many factors that need to be available like stability of working infrastructure to keep values stable.

[lizarder]

I wasn't talking about limit in tokenomics, but i could make a ton of arguments on the subject of bitcoin being historically strong and this could need a whole another topic and i am not the one having enough inside to write about it.

OK, now I understand what you mean.
and maybe this isn't a topic you specifically address for Bitcoin, but I think this topic is quite interesting.

I could talk about psychological side of markets, PoW biased propaganda for and against of PoW, AML laws etc, but i might do topic for that later. I would need to consult actual experts when even scratching the tech side of it.

So I have to wait patiently for the next discussion, even though I want to convey the other side of market psychology and PoW propaganda.
What I know is that PoW has existed long before bitcoin, this concept was re-applied by Satoshi to prevent counterfeiting of the use of assets, because this is considered very important to protect, for example spending the same asset more than once.

Let's just say that BTC is not out of the woods yet and there are ton of pitfalls that could stop the road to the moon. The argument of pure decentralization as defence is fascinating, but somehow overly mystified imho.

Although gladly assume that. However, my instincts still say no. Because BTC is the path to the community that I have built until now, even though they are not directly involved and know exactly what BTC is?
Confusion is anonymous, it's not actually formed but we know it.

[virasog]

Taking a look back at the history and the top coins of the past years, it can be said that only bitcoin and ethereum are the two coins that have stayed in place throughout the years, the rest are constantly changing. In recent years, bnb is known as a product of binance, so it can be said that these are the 3 safest coins today. As for the rest of the top coins, I don't see anything guaranteed.

We should remember the market is growing, new and better altcoins are also being created so there is no guarantee that top coins like sol, avax, near, ada will not be superseded. For me 10 topcoins is not the best choice, if long-term investment should only invest in BTC, if you want to invest in altcoins, you should wait until the bull market will appear many potential altcoins.

You are right that top 10 coins are not consistent and there are chances that some new coins may enter in top 10 while some of the coin which were at top positions in previous bull run, may not be known in the next bull run. An example of such a coin is EOS.

Anyways still it is safer to invest in top 10 coins as they have a lot of liquidity and if you are clever enough you may sell those coins a a profit. Of course, you can keep Ethereum and bitcoin forever and still these two will remain at top 2 positions for a long time. No coin can replace bitcoin and at present, there is no coin which can compete Ethereum.

[cozytrade]

One thing I can see is BTC, ETH, LTC is some consistent performer from cryptocurrencies. BTC is still holding it's top position when other coins lose their position over time to other coins. It's obvious to tell where we should go but still, I want to play some risk with my funds too. So most of it should be on BTC, and a small portion of funds should be for speculation for other hyped projects from the market.

[taufik123]

I agree. Many investors of LUNA didn't see it coming, I even have a friend who invest huge money to end up losing it all. It just shows that even you chose to invest in popular coins, there's no assurance at all since we don't know what lies ahead. Just a reminder for all investors to not have high hopes since investing is associated with risk.

All investments will definitely be associated with risk and each investment has a different level of risk. In crypto, the risk is greater because the market volatility is quite high. Popular coins will be trash if they are not managed properly by the developers, such as LUNA, which of course does not pay like it is today.

One thing I can see is BTC, ETH, LTC is some consistent performer from cryptocurrencies. BTC is still holding it's top position when other coins lose their position over time to other coins. It's obvious to tell where we should go but still, I want to play some risk with my funds too. So most of it should be on BTC, and a small portion of funds should be for speculation for other hyped projects from the market.

BTC and ETH in my opinion are enough, LTC is not in great demand at the moment. Diversifying into several coins would be very good, with BTC being the main investment and a small part in altcoins that have good potential in the future. You have to be smart in managing your portfolio, and enter and exit correctly, so you don't get trapped in altcoins that will become useless trash.

[bitgolden]

Gold is certainly an investment that will continue to grow and value, this is because Gold is always the first choice in investment, gold is never forgotten and is always discussed by people, more than 7 billion people in the world can receive gold and I'm sure the price of gold will continue to grow.

Gold might have real world use cases as an useful material, but argument of gold being first choice because of that and scarcity doesn't hold water after we start mining from asteroids. And this is not science fiction anymore: Nasa's Psyche mission

When you flood the markets with gold, it would drop the value so much it would absolutely crush the gold investors.

I am not saying that we could depend just on scarcity either to back up value but it helps, there are many factors that need to be available like stability of working infrastructure to keep values stable.

It is definitely not science fiction at all. It is something that is "possible" but it won't be that easy to do. We may not really benefit from it because by the time they actually start mining them and bringing the gold back to earth, we will already be quite old. It is something that our children and their children will benefit from for sure. However, one thing that we are still having trouble with is food and water.

The whole world is paying a good chunk of their income to food and maybe that’s not a problem in big nations, but as you can see from Latin America, some parts of Asia, a whole big part of Africa, the basic human needs are not met in some places, so you can have as much gold as you want, but we first need food and clean water all around the world.

[Sanitough]

I'm not too sure about the top 10, but would probably consider the current top 5. Bitcoin, ETH, and XRP haven't been in the top 5 for years, so I think it would be good to have all three in my portfolio.

I would probably consider some other altcoin like BNB although some would find it a joke. We can't really avoid risk even if it's just bitcoin, but maybe we can minimize the risk. So some of my choices about investment assets are clear, but it's possible the ratings will change as the industry evolves. Everything is risky including bitcoin, so being different doesn't mean you don't have the same goal especially about the return on investment.

We do share the same goal in the end, that is to make a huge ROI but that won’t happen if we never stick to the prominent coins in the market and definitely hold them for years. For me, even bitcoin alone hodling a huge amount in the portfolio is good enough, but since we can always maximize the profits by diversifying so at least I have bitcoin, ethereum, and XRP for long term hodling, that made my investments.

[o48o]

Came back to visit and see how that 2022 portfolio is doing in the middle of this market chaos.



I am not that surprised about doge to be honest, it seems to always peak before the altcoin season and at some point i guess, the #altcoinseason starts.

Lately i've been thinking i should buy matic, as now when i have used it i find it handy to use. Or maybe i've been influenced to buy it as i see influencers mentioning it a lot, i am not sure. But i am surprised that it has survived that well. I was kinda hoping it would drop more before me buying it. But i guess i'll be just rushing in buying it now.

Bitcoin and eth haven't done that well but it could be way worse and we have to remember it's just few days since things started falling a part in ftx and ftx seem to have dumped everything they had.

XRP i don't personally like and BNB has some decent pr that they gained with that with a power move. I wish that CZ hasn't said anything but things would have just broken slower.

[Paul Pogba]

As investors we must always think that all investments have risks that are in line with profit opportunities, top 10 holdings of course have the potential to lose, if someone says it will definitely profit then we must be logical that any investment always has the potential to lose, and this week it was proven that market drop of more than 20%.

[Alduron]

Considering past developments is not always a good indicator for future events.
We have a totally different economic and political situation.
I don't think that blindly investing in the top 10 is a "good" strategy.
I think it would be profitable at this point in time, but given that there are much better options I don't consider
it a good tactic.