Hot take: Your crypto portfolio should have more than just Bitcoin.

[Rengga Jati]

• By diversifying your portfolio with other cryptocurrencies, you can reduce your overall risk. Some altcoins may be more volatile than Bitcoin, but they may also offer the potential for higher returns.

Actually, probably higher returns, but higher risks.
We may be able to get high returns from short term investments in several altcoins. However, it is also high risk. Because not all altcoins that we take may actually go up well. In fact, there are also many altcoins that end up becoming dead coins after only a few moments and are unable to rise again. This has happened many times, when we are not right or too late to take profits, we will lose that chance. Maybe for some people, investment in altcoins like this is very promising because they can really analyze which coins will actually be promising and when is the right time to enter and also exit for high returns. However, for beginners or people who don't really understand, honestly, this will be more risky than we imagine. Many people fall into a trap like this who think that investment in altcoins will provide much higher returns in the short term, whereas in reality, it will not be as easy as we imagine.

[Fatunad]

Let me explain. When I say that your crypto portfolio should have more than just Bitcoin, I'm addressing Bitcoin enthusiasts who want to make short-term gains while staying invested in Bitcoin as their primary asset.

Here are a few reasons why:

• Bitcoin is a volatile asset, and its price can fluctuate wildly in the short term. This can make it difficult to generate consistent profits by trading Bitcoin alone.
• By diversifying your portfolio with other cryptocurrencies, you can reduce your overall risk. Some altcoins may be more volatile than Bitcoin, but they may also offer the potential for higher returns.
• Some altcoins have specific use cases that could make them more attractive to investors in the short term. For example, some altcoins are focused on developing decentralized finance (DeFi) applications, which are becoming increasingly popular.

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

Diversification would be always best.  

Just like on what others been recommending that if you do have plans on getting those 100x or more then altcoins with low caps will really be your friend but the main question is,
which coins you would really be tending to invest on? If we do look around and see on how many coins that we do have in the market then it is really that hard to tell
on which coins does really have that potential. This is why having that DYOR would really be always that recommended on doing so. If you do miss out on doing so
and just blindly pick up coins then you might be ending up with those shit ones which it would really be resulting on losing investment.

Diversify as much as possible on which you could really be able to have some shot on getting huge profits on the time that bull run happens.
There would be no assurance that there would be no flipping that would happen.

[icalical]

I don't think it's a hot take, I think most people who are invested in Bitcoin will also have one or two other Cryptos. Tho, I would argue that if you want to diversify your portfolio, you can still get other investment outside of Crypto.

Other thing is that some replies here seems to think that people who bought Altcoins think the Altcoin is better than Bitcoin, and those conclusion jump is definitely wrong, anyone who buy Altcoin know that the Altcoin they bought would never surpass and become better than Bitcoin. They just speculating on the altcoin to get some extra profit.

[Blitzboy]

Let me explain. When I say that your crypto portfolio should have more than just Bitcoin, I'm addressing Bitcoin enthusiasts who want to make short-term gains while staying invested in Bitcoin as their primary asset.

Here are a few reasons why:

• Bitcoin is a volatile asset, and its price can fluctuate wildly in the short term. This can make it difficult to generate consistent profits by trading Bitcoin alone.
• By diversifying your portfolio with other cryptocurrencies, you can reduce your overall risk. Some altcoins may be more volatile than Bitcoin, but they may also offer the potential for higher returns.
• Some altcoins have specific use cases that could make them more attractive to investors in the short term. For example, some altcoins are focused on developing decentralized finance (DeFi) applications, which are becoming increasingly popular.

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

Diversification would be always best.  

Just like on what others been recommending that if you do have plans on getting those 100x or more then altcoins with low caps will really be your friend but the main question is,
which coins you would really be tending to invest on? If we do look around and see on how many coins that we do have in the market then it is really that hard to tell
on which coins does really have that potential. This is why having that DYOR would really be always that recommended on doing so. If you do miss out on doing so
and just blindly pick up coins then you might be ending up with those shit ones which it would really be resulting on losing investment.

Diversify as much as possible on which you could really be able to have some shot on getting huge profits on the time that bull run happens.
There would be no assurance that there would be no flipping that would happen.

Many altcoins offer large gains. But how do you choose winners? The big question, right?

DYOR is great and necessary.  There are too many coins to discover a diamond in a bush. If you research the coins' tech, how they can be used, and the team's integrity, you may locate those hidden treasures.

In crypto, there are no guarantees. Bull runs are unpredictable, and markets can turn at any time. Spreading your bets isn't enough. Make wise investments too. Consider the market cap, group strength, development activities, and real-world application. Sometimes the coins that solve issues win, not simply create noise.

[R100K-Martin-Lunger]

Many altcoins offer large gains. But how do you choose winners? The big question, right?

DYOR is great and necessary.  There are too many coins to discover a diamond in a bush. If you research the coins' tech, how they can be used, and the team's integrity, you may locate those hidden treasures.

In crypto, there are no guarantees. Bull runs are unpredictable, and markets can turn at any time. Spreading your bets isn't enough. Make wise investments too. Consider the market cap, group strength, development activities, and real-world application. Sometimes the coins that solve issues win, not simply create noise.

As far as I'm concerned - and I speak with years invested in delving deep into the intricacies of crypto and focused R&D - technology can help us solve this problems. Algorithms monitored by human decision-makers can help pick the right opportunities for short-term gains, which is what I wrote this post about in the first place.

I wouldn't recommend investing heavily or for the long-term in altcoins. But they're great for profit maximization through short-term investing.

[fuguebtc]

Many altcoins offer large gains. But how do you choose winners? The big question, right?

DYOR is great and necessary.  There are too many coins to discover a diamond in a bush. If you research the coins' tech, how they can be used, and the team's integrity, you may locate those hidden treasures.

In crypto, there are no guarantees. Bull runs are unpredictable, and markets can turn at any time. Spreading your bets isn't enough. Make wise investments too. Consider the market cap, group strength, development activities, and real-world application. Sometimes the coins that solve issues win, not simply create noise.

As far as I'm concerned - and I speak with years invested in delving deep into the intricacies of crypto and focused R&D - technology can help us solve this problems. Algorithms monitored by human decision-makers can help pick the right opportunities for short-term gains, which is what I wrote this post about in the first place.

I wouldn't recommend investing heavily or for the long-term in altcoins. But they're great for profit maximization through short-term investing.

That being said , investing in altcoins to optimize profits or optimizing capital to invest in bitcoin is a good idea, and I have seen many people doing so. But everything has pros and cons, and because investing in altcoins is very risky, we should consider carefully . No need to go far, look at the current market, almost all altcoins have impressive growth rates of 30%, 50%, even bringing x2 profits in just a short time . Many people are taking advantage of this to optimize capital to prepare for the upcoming bull season . But the risk here is that we don't know when the market will adjust so we need to be careful.

[pawanjain]

It depends from person to person whether his risk taking capability is good or not.
I personally don't have any problem in taking risks and while I am holding bitcoin for long term, I keep exploring altcoins.
I trade them for short term and keep learning about them. This keeps me invested in bitcoin while finding new altcoins.

[Mauser]

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

Diversification is key to successful portfolio management, it doesn't really matter if it's 1q, 1, 1 or even commodities. Spreading our money across a wider variety of assets reduces risk considerably and should be done by any investors. It's also not really about short or longterm gains, because we don't know the future. Even with the best possible research and forecasts we are still only making guesses about the future. Having different assets in our portfolio helps a lot to not be affected so severely when there is a bad month, as not all assets are going to drop in value at the same time. It also helpe when we want to take profit and can choose from a broader list of assets to sell. Managing risk is for me even more important than achieving the highest possible return, and diversification is the perfect tool for that.

[bitbollo]

I always consider invest in altcoins a big risk.
It's one thing to have received them for an airdrop or an advertising campaign, but it's another thing to go and invest.

in recent years if you see the top list of coins, you realize that it has always changed.
at this point, you must be really good at identifying the cryptocurrencies that are worth (out of tens of thousands) but you make your life enormously complicated.

only one crypto will be successful in the long term, there is no second best...

[Jegileman]

You just can’t prove otherwise with all of your points. Investing in altcoin still remains risky and should just be seen as gambling. You have just explained the advantageous part of investing in altcoin but you never mentioned the opposite part of it which is more likely to happen when you invest in them. Thanks for the advise but when telling people to invest in something, tell them the good and the bad part of it so that they will be prepared ahead of whatever befalls them amongst that two. These are all sweet mouth talk, but it is not always sweet when you begin to see your money sweeping itself out into the thin air.

[mich]

Yes this is some very good advice for some new investors. We should never just put all of our 'eggs into 1 basket'. There is days when Bitcoin can not do so good.

But if we have alt coins in our portfolio this can make up for losses of out profit.  And yes you can make short term gains with the alt coins. My portfolio is mostly Bitcoin but I do have alts but not the 'shit coins'.

[Tony116]

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

There is no denying that investing in altcoins will give you a chance to get higher profits because their risks are greater. But I will disagree with you that investing in altcoins will minimize your risk. Have you ever seen altcoins continue to rise while bitcoin falls? The entire market depends on bitcoin so it would be a mistake to think that investing in altcoins will minimize risk. Although bitcoin will not disappear, I bet you that if that unfortunately happens, all altcoins will disappear too. Therefore, investing in altcoins is not diversification.

Yes this is some very good advice for some new investors. We should never just put all of our 'eggs into 1 basket'. There is days when Bitcoin can not do so good.

But if we have alt coins in our portfolio this can make up for losses of out profit.  And yes you can make short term gains with the alt coins. My portfolio is mostly Bitcoin but I do have alts but not the 'shit coins'.

I consider this a bad advice for newbies because altcoins are very risky and making profits from it is not as easy as you think. Let's take an example of this: have you seen any altcoins doing well in the past few days as bitcoin's growth started to slow down? I even saw bitcoin only drop 1 to 2% while many altcoins dropped 10%-20%, shitcoin dropped up to 50%. How do you minimize the risk of investing in altcoins?

[Don Pedro Dinero]

Yes this is some very good advice for some new investors. We should never just put all of our 'eggs into 1 basket'. There is days when Bitcoin can not do so good.

But if we have alt coins in our portfolio this can make up for losses of out profit.  And yes you can make short term gains with the alt coins. My portfolio is mostly Bitcoin but I do have alts but not the 'shit coins'.

For me it is a better idea to diversify out of the crypto market, which when it falls tends to fall all together. I have everything in bitcoin but I also have some index funds in the stock market, which is a way of diversifying as well, both because the funds are a set of shares and with that you are diversifying, and because the stock market is hardly related to bitcoin and the crypto market.

[legendbtc]

Yes this is some very good advice for some new investors. We should never just put all of our 'eggs into 1 basket'. There is days when Bitcoin can not do so good.

But if we have alt coins in our portfolio this can make up for losses of out profit.  And yes you can make short term gains with the alt coins. My portfolio is mostly Bitcoin but I do have alts but not the 'shit coins'.

For me it is a better idea to diversify out of the crypto market, which when it falls tends to fall all together. I have everything in bitcoin but I also have some index funds in the stock market, which is a way of diversifying as well, both because the funds are a set of shares and with that you are diversifying, and because the stock market is hardly related to bitcoin and the crypto market.

Investing in altcoins is not considered diversification because as we all know the entire market depends on the movement of bitcoin, but many people are still confused about this. You're right, diversification is when we own many assets in many different areas and they have nothing to do with each other. But I want to know, for people with little capital, is diversification really necessary? Why don't we focus on one area or asset with the most potential to maximize profits? Diversification is not always good, it can reduce risk but it will also reduce our profits.

[michellee]

People can invest in altcoins but they must realize that the movement of altcoins depends on Bitcoin. There may not be many altcoins that can provide profits in the short term, especially if Bitcoin's movement is not good. However, investing in altcoins can provide additional profits, but only with the right altcoins.

Those who want to invest in altcoins must really be able to find the right altcoin. Even though an altcoin is at the top of the list, that does not guarantee that it will remain on the list. There will be other altcoins that can shift the position of the altcoin. For this reason, they must be careful in choosing their altcoins.

Bitcoin is a long-term investment, while altcoins are short and medium term investments. If you have made profits from altcoins, you can move those profits into Bitcoin so that your profits will be bigger. It's best to make Bitcoin your main investment and use altcoins as an additional investment in crypto.

[Bitcoinpoly]

Let me explain. When I say that your crypto portfolio should have more than just Bitcoin, I'm addressing Bitcoin enthusiasts who want to make short-term gains while staying invested in Bitcoin as their primary asset.

Here are a few reasons why:

• Bitcoin is a volatile asset, and its price can fluctuate wildly in the short term. This can make it difficult to generate consistent profits by trading Bitcoin alone.
• By diversifying your portfolio with other cryptocurrencies, you can reduce your overall risk. Some altcoins may be more volatile than Bitcoin, but they may also offer the potential for higher returns.
• Some altcoins have specific use cases that could make them more attractive to investors in the short term. For example, some altcoins are focused on developing decentralized finance (DeFi) applications, which are becoming increasingly popular.

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

As for me my Portfolio is diversify, this is not for any other reason but just to make sure I don’t have all my eggs in just one basket. I have BTC, BGB and SFP on my main wallet.

[Bitcoinpoly]

Yes this is some very good advice for some new investors. We should never just put all of our 'eggs into 1 basket'. There is days when Bitcoin can not do so good.

But if we have alt coins in our portfolio this can make up for losses of out profit.  And yes you can make short term gains with the alt coins. My portfolio is mostly Bitcoin but I do have alts but not the 'shit coins'.

A very good point just as I’ve pointed out earlier, I’ve got days that seeing my portfolio a particular token keeps me happy especially with the recent good trend in $BGB token, I practically forget about my BTC because I have another token that is giving me what I needed at that point.