Is hodling top 10 Marketcap coins a good tactic?

[Minor Miner]

it isnt really bad to bag off the current top #10 ranking coins in the market which it might be resulting into much better profits on the time that the market would be making out some bull runs but
you should really make yourself believe nor being sure that it would happen.No one would be able to point out on what would happen in future years to come. If you do see that this one would be a good tactive
then its up to yours whether you would be taking such action or not.Just make it sure that you are really be able to bare up with the risk for whatever decisions you would be taking.

As we can see by OP's post, it's really risky to invest in top 10 cryptocurrencies, with bitcoin and one or another exception, because along the years the top 10 changes constantly, and some cryptocurrencies which were at the top simply melt. By looking previous years' top 10s, I don't even know what some of those altcoins there are. So why to risk so much on them, while we have a safe bet on the top all these years, that is bitcoin? For me that is the most reasonable decision to take. There is no reason to be greedier, since the profits bitcoin can generate us are already pretty considerable, surpassing the potential of any other investment category outside crypto industry.

Yes, if we compare bitcoin returns with other financial markets, bitcoin is still the best return, but people want more, and altcoin is their choice.
Personally, I don't hate investing in altcoins but make sure that the bitcoins in your portfolio make up the majority and only a small part of your investment in altcoins.

For me, top altcoins or new altcoins are equally risky, if you invest in altcoins, invest with research instead of just picking top coins, there is no guarantee that top altcoins top will bring profit to you.

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[Kelvinid]

I wouldn't say that it is a good tactic, but it is not worse than some other things I have seen before neither. If we remove all the stablecoins, and use all the remainder as top 10, then it should be a good enough tactic compared to most other people.

For me, it was not just a good tactic but I see the safety of having them, especially during the bear season.
In fact, many people diversify their portfolios, selling their altcoins, and then buying Bitcoin. It was an indication that only Bitcoin can be trusted in the most difficult time.

I understand that not many people could do it because there will be periods when they will drop out of top 10, many coins dropped out of top 10 so far but they still went up during bull market so it wouldn't be "too bad", still not good enough of course, because they won't be the best profit makers. However, considering people who invest into shitcoins and memetokens then it looks like it is even better than expected.

If we just aim for long-term investment, having Bitcoin and ETH is really a good choice. Besides, they are the known projects that consistently recover and pump during the bull season. Therefore, we have nothing to do but just wait for the perfect time to sell them, unlike with the shitcoins/meme coins where the risk is too high.

[barbara44]

Just realize that what we are trying to do with top 10 is not something that is long term because it's not a company or anything. A coin in top 10 could always end up with zero at any moment, doesn't mean that it will happen but it is a possibility. Look at Luna, don't know if it was in top 10 but it was huge, definitely in top 20 and what happened? It dropped to near zero levels because of a problem. And any coin in top 10 could be like that as well.

Aside from bitcoin and ethereum of course, possibly bnb as well. This means that there aren't that many coins out there, even in top 10, which you can buy and hold forever, it won't work, you have to constantly be checking for the best ones.

[Yatsan]

Basically, if you're into long term holding, major coins (top cryptocurrencies on exchangers) would be the best option because they have established enough community to sustain market demand and market price at certain points which makes them less volatile in comparison with the new cryptocurrencies in this industry. But if you are into short term holding, newly released tokens from projects which has huge potential, is a good idea as well because they are having higher rate of increase which means they could generate more profit.

Just realize that what we are trying to do with top 10 is not something that is long term because it's not a company or anything. A coin in top 10 could always end up with zero at any moment, doesn't mean that it will happen but it is a possibility. Look at Luna, don't know if it was in top 10 but it was huge, definitely in top 20 and what happened? It dropped to near zero levels because of a problem. And any coin in top 10 could be like that as well.

Aside from bitcoin and ethereum of course, possibly bnb as well. This means that there aren't that many coins out there, even in top 10, which you can buy and hold forever, it won't work, you have to constantly be checking for the best ones.

Long term holding does not mean you'd hold it forever. Just how you percieve the word 'long'. If it is a year holding, then that would make sense to be called long term if most of the time you are trading tokens.

[Rigon]

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.

Your statement is absolutely true. When I was dreaming and preparing my self for purchasing Solana at that moment Solana and FTX get down. I never imagined that two coins could be face such situation. Looking at the current market picture, I agree with you that there is no alternative to investing in Bitcoin and Ether. Every time the market turns from bearish to bullish, some altcoins will get down from the top position to bottom. I think one should not invest outside of these two to minimize risk. If one invests in Aptos and APE Coin with risk then have the possibility to get good return in the bullish market.

I saw a future in Solana Coin but it was a complete miss take. I started future trading with this Solana coin when the market was completely dumping. I thought the coin market would go up.  But it backfired and I have enough losses from here till now. In fact, one thing I understood very well from here is that you should never do future trading with risky coins. But Bitcoin is the best for investing and trading. Once ALT coin goes down it is very difficult to recover. I am very worried if I can recover from here. But I want your advice whether I can recover from here or cancel my order with loss.

[mich]

Well, of the top highest marketcap coins btc, eth, usdt, bnb, usdc, xrp, busd, ada, doge, and matic, I can say I am a holder of 7 of them. The only ones I do not have are usdc, busd, and matic.
So yes I think it is a good tactic to have as many top 10 of them as you can. I think most people will invest in those coins with highest marketcap since other people have invested more then 710 billion dollars in them already!

[Outhue]

We are still in a bear market and we still don't know if the remaining top altcoins will keep their position, Solana and FTT are out I believe but that doesn't mean you can't make profits off them but I can bet that new altcoins will take over top 20 incoming bull market, it always happens in every bull market.

For me I prefer looking for the new gems that can take over top 10 to top 20 in the future, crypto is not perfect yet and something better will always come up to take the lead over the old projects.

[SquallLeonhart]

We are still in a bear market and we still don't know if the remaining top altcoins will keep their position, Solana and FTT are out I believe but that doesn't mean you can't make profits off them but I can bet that new altcoins will take over top 20 incoming bull market, it always happens in every bull market.

For me I prefer looking for the new gems that can take over top 10 to top 20 in the future, crypto is not perfect yet and something better will always come up to take the lead over the old projects.

That's the problem with this calculation. First of all, back in the day we didn't had stablecoins, so if you hold them there are two possibilities, either they will worth what they worth today in 10 years (not same value but same price) or they will be zero, no middle ground. If you take those out, rest of them are in a bear market right now and make no sense at all.

I mean you could trust the top 10 and buy them all and hope that there is a bull run and they all go up, but that doesn't mean that ALL top 10 will go up, some of them may crash a bit, or not go up as much as the others and drop. This is why calculating it right now will not give any good results at all, we need time.

[bitzizzix]

We are still in a bear market and we still don't know if the remaining top altcoins will keep their position, Solana and FTT are out I believe but that doesn't mean you can't make profits off them but I can bet that new altcoins will take over top 20 incoming bull market, it always happens in every bull market.

For me I prefer looking for the new gems that can take over top 10 to top 20 in the future, crypto is not perfect yet and something better will always come up to take the lead over the old projects.

That's the problem with this calculation. First of all, back in the day we didn't had stablecoins, so if you hold them there are two possibilities, either they will worth what they worth today in 10 years (not same value but same price) or they will be zero, no middle ground. If you take those out, rest of them are in a bear market right now and make no sense at all.

I mean you could trust the top 10 and buy them all and hope that there is a bull run and they all go up, but that doesn't mean that ALL top 10 will go up, some of them may crash a bit, or not go up as much as the others and drop. This is why calculating it right now will not give any good results at all, we need time.

Of course the top 10 coins won't go up all at once, but as long as you do it long term and patiently wait for the few coins that haven't gone up. And it's all just a matter of time, at least you benefit from the initial price you buy.
as each coin you own will have a different return, some go up significantly and some get stuck halfway due to some unpredictable factors. And the most important thing is that you can do a good analysis and also choose the right coin and profit when the market is bullish. And it also depends on how much capital you invest in each coin, especially in some of the coins that actually give you very satisfying returns.

[Oilacris]

We are still in a bear market and we still don't know if the remaining top altcoins will keep their position, Solana and FTT are out I believe but that doesn't mean you can't make profits off them but I can bet that new altcoins will take over top 20 incoming bull market, it always happens in every bull market.

For me I prefer looking for the new gems that can take over top 10 to top 20 in the future, crypto is not perfect yet and something better will always come up to take the lead over the old projects.

Only the best ones would  really be able to survive this bear market and on the time that bulls would take place then for sure there are some coins which arent on top 10 rankings would really be placing
up theirselves on the top.These situations arent something new and we've seen these things particular on every bull run that would happen.

Good tactic we do say? its not guaranteed and its not something that can be known but it isnt really that a bad idea on hoarding up some top 10 ranking coins
which whether these coins or projects would really be making up some good increase if there would be some change of trend.

[o48o]

-cut-
Only the best ones would  really be able to survive this bear market
-cut-

Well i wouldn't go that far, or if it's true, we don't know what metrics would be used to measure the "best ones". World is full of Edison beats Tesla and VHS beats Betamax -cases.
I don't believe that good ones would die because as those will always have community and builders, but sadly inferior copycats who cut corners and sacrifice decentralization for speed could have more adoption.

[Fakhrulenclix]

We are still in a bear market and we still don't know if the remaining top altcoins will keep their position, Solana and FTT are out I believe but that doesn't mean you can't make profits off them but I can bet that new altcoins will take over top 20 incoming bull market, it always happens in every bull market.

For me I prefer looking for the new gems that can take over top 10 to top 20 in the future, crypto is not perfect yet and something better will always come up to take the lead over the old projects.

it is undeniable that looking for new gems is everyone's desire to be able to take big profits but it is not an easy thing and full of risks.
This is indeed still in a bear market but that is precisely where the right time is to enter because we do not know what will happen in the future, all possibilities are still possible.

I think the terraced coins have a greater probability of surviving and also growing, so I think collecting terantas coins is a good tactic to take profits when we get out of a bear market and it is a safe thing to reduce the risk of having to look for new gems that can replace or beat the top coins coins.

[MarjorieZimmermanGinger]

Well, of the top highest marketcap coins btc, eth, usdt, bnb, usdc, xrp, busd, ada, doge, and matic, I can say I am a holder of 7 of them. The only ones I do not have are usdc, busd, and matic.

The tendency of people to choose gems
in an investment is very limited to the few that are available, because representatives of some others cannot survive under certain conditions, even if they are in the top 10 of coinmarketcap. I prefer bitcoin as a long-term storage asset, as it has proven to be able to retain investment value, whereas Ethereum and BNB are only used under certain conditions to make a profit.

So yes I think it is a good tactic to have as many top 10 of them as you can. I think most people will invest in those coins with highest marketcap since other people have invested more then 710 billion dollars in them already!

Everyone has their own pattern in choosing coins with large market capitalization, the goal is to get the maximum return when investment power is at the planned stage, the selection of certain coins can also vary and according to individual beliefs and tastes, but already it's becoming a habit for people to take references based on coinmarketcap's top 10 and I think that's a good tactic to use, as long as we've done a small analysis of the coins we want to invest in.

Bitcoin is one of the best coins ever, so investing 70% in bitcoin is the best way to maximize it, while the other 30% can be chosen according to individual tastes with various considerations of previous analysis.

[Jody.Drummer]

I mean you could trust the top 10 and buy them all and hope that there is a bull run and they all go up, but that doesn't mean that ALL top 10 will go up, some of them may crash a bit, or not go up as much as the others and drop. This is why calculating it right now will not give any good results at all, we need time.

Even just looking at them I think this is still a bit of a disadvantage especially as we know that in the current 10 rankings 3 of them are stablecoins and 1 is a coin which in my opinion is completely unfit to hold onto (doge coin) so indeed we cannot be so sure even if it is Top 10 for now.
But indeed DYOR must also know that the risk of being in alt is far greater than actual bitcoin. As long as we are aware of that I think we know the consequences we will face.

[arwin100]

I mean you could trust the top 10 and buy them all and hope that there is a bull run and they all go up, but that doesn't mean that ALL top 10 will go up, some of them may crash a bit, or not go up as much as the others and drop. This is why calculating it right now will not give any good results at all, we need time.

Even just looking at them I think this is still a bit of a disadvantage especially as we know that in the current 10 rankings 3 of them are stablecoins and 1 is a coin which in my opinion is completely unfit to hold onto (doge coin) so indeed we cannot be so sure even if it is Top 10 for now.
But indeed DYOR must also know that the risk of being in alt is far greater than actual bitcoin. As long as we are aware of that I think we know the consequences we will face.

Set aside those stable coin but rather look at those coin which listed at good ranking since they move according on how bitcoin condition. Maybe we can say its safe than those shitcoins since we all know that top coins can have price recover when it dump while shitcoins doesn't give any assurance since most of them died totally when bear market happen.

[Jody.Drummer]

Even just looking at them I think this is still a bit of a disadvantage especially as we know that in the current 10 rankings 3 of them are stablecoins and 1 is a coin which in my opinion is completely unfit to hold onto (doge coin) so indeed we cannot be so sure even if it is Top 10 for now.
But indeed DYOR must also know that the risk of being in alt is far greater than actual bitcoin. As long as we are aware of that I think we know the consequences we will face.

Set aside those stable coin but rather look at those coin which listed at good ranking since they move according on how bitcoin condition. Maybe we can say its safe than those shitcoins since we all know that top coins can have price recover when it dump while shitcoins doesn't give any assurance since most of them died totally when bear market happen.

When we talk about Shitcoin I think not only you and I but everyone will definitely agree with this because when talking about conditions like that the odds are going to be ambiguous and of course the coin is the choice.
But on the other hand, I think if you really want to take risks with the pump and dump, you can still do it, although in this case I'm not too brave to do that because I prefer something that is more certain. Even though in this case not everything is certain in talking about altcoins, the choice is clear bitcoin, altcoins for ratings and real projects and putting aside shitcoins which actually will actually self-destruct.

[ShowOff]

Set aside those stable coin but rather look at those coin which listed at good ranking since they move according on how bitcoin condition. Maybe we can say its safe than those shitcoins since we all know that top coins can have price recover when it dump while shitcoins doesn't give any assurance since most of them died totally when bear market happen.

I believe quite a lot of investors have diversified their assets with the current top altcoin. I don't agree with meme coin, but maybe it's okay if they can take the risk. Top 10 altcoin worth considering instead of just bitcoin in the portfolio, because basically everything is only possible to move when bitcoin moves.

I will probably monitor and analyze some of the best altcoin, but definitely not more than the top 5. Of course for the amount you can afford to lose.

[fzkto]

Set aside those stable coin but rather look at those coin which listed at good ranking since they move according on how bitcoin condition. Maybe we can say its safe than those shitcoins since we all know that top coins can have price recover when it dump while shitcoins doesn't give any assurance since most of them died totally when bear market happen.

I believe quite a lot of investors have diversified their assets with the current top altcoin. I don't agree with meme coin, but maybe it's okay if they can take the risk. Top 10 altcoin worth considering instead of just bitcoin in the portfolio, because basically everything is only possible to move when bitcoin moves.

I will probably monitor and analyze some of the best altcoin, but definitely not more than the top 5. Of course for the amount you can afford to lose.

You say you are wary of investing in cryptocurrencies and see the risks of doing so. It seems to me that if you invest in top coins and are willing to wait a long time, then you have nothing to worry about. Some projects will give you the opportunity to earn much more than bitcoin.

[ScamViruS]

We are still in a bear market and we still don't know if the remaining top altcoins will keep their position, Solana and FTT are out I believe but that doesn't mean you can't make profits off them but I can bet that new altcoins will take over top 20 incoming bull market, it always happens in every bull market.

For me I prefer looking for the new gems that can take over top 10 to top 20 in the future, crypto is not perfect yet and something better will always come up to take the lead over the old projects.

During every bull market, new coins take over the top positions in the crypto market. That means that the coins that are now in the top position, except for Bitcoin, Ethereum, cannot expect more from the rest of the coins. Your strategy is good but finding future top coins of crypto market is difficult. Because a lot of projects come into the crypto market every day and most of them don't end well. So if you are interested in investing in new projects, then you must divide the funds properly into several projects.

[JayJuanGee]

it isnt really bad to bag off the current top #10 ranking coins in the market which it might be resulting into much better profits on the time that the market would be making out some bull runs but
you should really make yourself believe nor being sure that it would happen.No one would be able to point out on what would happen in future years to come. If you do see that this one would be a good tactive
then its up to yours whether you would be taking such action or not.Just make it sure that you are really be able to bare up with the risk for whatever decisions you would be taking.

As we can see by OP's post, it's really risky to invest in top 10 cryptocurrencies, with bitcoin and one or another exception, because along the years the top 10 changes constantly, and some cryptocurrencies which were at the top simply melt. By looking previous years' top 10s, I don't even know what some of those altcoins there are. So why to risk so much on them, while we have a safe bet on the top all these years, that is bitcoin? For me that is the most reasonable decision to take. There is no reason to be greedier, since the profits bitcoin can generate us are already pretty considerable, surpassing the potential of any other investment category outside crypto industry.

Yes, if we compare bitcoin returns with other financial markets, bitcoin is still the best return, but people want more, and altcoin is their choice.
Personally, I don't hate investing in altcoins but make sure that the bitcoins in your portfolio make up the majority and only a small part of your investment in altcoins.

For me, top altcoins or new altcoins are equally risky, if you invest in altcoins, invest with research instead of just picking top coins, there is no guarantee that top altcoins top will bring profit to you.

Well, a lot of the answers regarding how to invest, and the extent to which any diversification is necessary or warranted or that any reliance on a top 10 list would also justify diversifying the amount that you have to invest may well have to do with a variety of factors that involve from where you are starting in terms of how much capital that you have to invest, what are your already existing investments (if any) and what is your cashflow.

It seems to me that when you are brand new to investing, then it may well be best to start to build your investment portfolio with a small number of investments, prior to diversifying out, so in that sense there are needs to figure out which assets you are going to invest into and then to begin to potentially diversify out as your investment portfolio starts to grow.. perhaps you might not even diversify out further than having dollars and bitcoin until your investment portfolio becomes greater than something like $10k.. and for some people the amount might need to be higher before there is comfort diversifying out.

Let's say, for example, that a person has an annual income of $24k, and if the person figures out that s/he can invest 10% of that income into various investments, then we can calculate out that if the investment does not grow beyond merely putting in 10% per year, then it is going to take 10 years to build the investment portfolio up to 1 year's worth of income.  So, sure there are desires to accelerate that process and to cause your investment portfolio to grow faster, especially since it might take 20-30x your annual income to really feel like you have reached something like fuck you status, if that happens to be amongst your goals.

So, yeah, it has already been mentioned several times in this thread that there is a kind of need to account for risk, and there should be goals of building your investment portfolio without losing principle, and if you are already starting with a investment portfolio that might be near one year's worth of salary, then you might feel that it is o.k. to spread that out a bit, yet the idea of diversification does not really make a whole hell of a lot of sense when it comes to diversification within the same field or within similar kinds of asset classes, and so usually diversification is going to apply into differing kinds of asset classes rather within the same field.. and anyone with any kind of meaningful ability to assess the "crypto" space, should be able to clearly recognize and appreciate that bitcoin is the leader and most if not all of the other cryptos (shitcoins) are actually correlated and dependent upon bitcoin's performance, so largely to invest into shitcoins, you are largely just adding risk onto an already risky investment (bitcoin is a more risky investment than a variety of other investment classes.. but at the same time, bitcoin may well be amongst the best, if not the best asymmetric bet that is actually available.. so why fuck around with diversifying it and diluting your investment into it?  by investing into shitcoins?  or at least why invest more than maybe 10% or maybe 20% if you happen to be a kind of degenerate gambler of your crypto portfolio into shitcoins (meaning 90% should be in bitcoin and maybe only 80% if you happen to be a degenerate gambler.. hahahahahaa)....

The mere fact that there are coins in a top 10 list does not create any kind of investment case for them, unless you study why they might be adding any value beyond what bitcoin is adding and maybe studying to make sure that you actually understand what bitcoin is actually providing and why it is such a strong and great asymmetric bet.  Look at some shit like ethereum and try to figure out if it is adding anything beyond possible short-term pumpamentals?.. yes, sure some of the coins and the projects (and even considering BNB like a kind of utility coin that is attached to the exchange) may well have abilities to short-term out perform bitcoin.. but how much of your overall crypto investment portfolio you going to put into it?  Versus perhaps diversifying into equities, bonds, property and perhaps commodities - order to potentially off-set some of the volatility of your bitcoin investment as it will likely get larger with the passage of time, and sure if you are new to investing then you might feel that you can be a bit more risky since you have time to make it up if you lose out, but if you realize that it could take you 10 years to build your investment up to 1 years worth of salary, then you might want to consider how much money are you trying to build up such investment portfolio in order that potentially you would have the option to work or to choose the kind of work that you do rather than being dependent upon work in order to provide for you monthly expenses.