How do you choose, arrange and create your portfolio of altcoins

[electronicash]

Hello guys
I am starting to go into trading and holding altcoins for myself, I got to understand that there are over millions of altcoins to choose to invest in, so I decided to come up with a strategy that would help me choose the best coins to hold as the bull run is around the corner. I went to coingecko and decided to choose coins from different categories, what do I mean, coins fall under certain categories like the layer 1, layer 2, Memes, infrastructure, Blockchain ecosystem, smart contracts platform, web3, and the rest.

What did I do, I choose the first 5 coins under these categories and decided to buy and hodl them with 50 USDT each. Am I on the right track or is there any other way I can do more better.

do you mean you bought 5 leyer1 tokens, 5 memecoins, and all with $50 each?  

it seems to much of a diversity. you could have just chosen top tokens in the ranking and you still have a higher success of making more profits than gaining less because not all of them can spike up to 10x in the bull market.  choosing 5 out of the top 10 on CMC will still be the best imo. you sure will have so much to sell once you learn not all of them are going up.

[IvugeoEvolutionCoin]

my advice is to avoid meme coins because they are not worth investing in. it's better for you to focus on investing in popular coins because they have a better track record compared to meme coins which only rely on speculation, but if you only want to gamble on these coins, that's your choice.

I think newbies are probably the only people who invest in meme coins without realizing it. I'm not saying that newbies only invest in memecoins. Those who originally invest expect to make money.  They will never want to waste money by investing in meme coins. Some people like to invest in meme coins. But we always have to think and invest in some good coins.

[God bless u]

You decide random coins therefore it is not guaranteed that all your coins can give you profit although diversification can decrease the chance of loss but if the selected percentage of wrong coin is more than you will also face more loss. If I was you then I will select top altcoins or bitcoin and among top altcoins first coins will be etheruem.

I don't know which meme coins you have selected but not all meme coins are alike therefore too much trust on it will cause money loss. Diversification is a good strategy but don't be in too diverse range that you randomly choose all useless coins because such Diversification can just lower the value of your money therefore prefer top coins first.

[AnonBitCoiner]

Is $50 is your maximum capital? If that is just a small capital I suggest not to over diversified and just invest on a good coin.
If you are going to diversify make sure that you can cover the fees and other cost, I suggest to at least hold $100 for every coin/token that you are going to invest. There's no million of altcoins yet, and I'm telling you looking for a smaller project is too risky, while you are still newbie better to deal with the top 20 coins first.

50$ is enough for those who cannot afford more money because investment is not about to force anyone but its a personal decision. Diversification is better in a case if you choose better coins because some people make huge Diversification but they have at least not a single beneficial coins which means that they are not in profit.

If a person has no sense or no knowledge about selection of beneficial coins just select those coins which are trustworthy and there no better coin other than bitcoin as well as Ethereum and BNB. Smaller project investment is risky but sometimes these small projects make you able to earn more than a popular project like Matic was not a big project from start but now its achievement is appreciable.

[justdimin]

Make sure you understand the fundamentals of each coin you're considering, such as its uniqueness. Look into the team behind the project, the technology, the use case, and the overall vision. You should also consider the long-term potential of the altcoins you're holding. Sometimes, choosing between well-known projects and new promising projects can make decision-making challenging. I would prefer the well-established ones because promising projects offer no guarantee that their roadmap will be followed.

If the project is unique and all the items that you said there are okay, then they can likely survive for a long time. But it's only up to us if we will straight HODL for a long time, because we can also sell at each peak and just buy back to HODL again. I think that is even better? Because, we already tasted the victory.

We can feel less regret this way even if the project shifted its direction and never recover again. The reason on why some prefers new project is due to hype. And we know that hypes are short-lived only. So why will we take more risk by holding any longer, when we can just drop the nearly expiring hype project and switch to the new one? There were lots of them.

[Mate2237]

Diversification of investment is always a nice thing to do. And all successful businesses and investments are started with small so the amount you starting is okay because you are investing according to your pocket or income. But invest on the popular altcoins in the cryptocurrency ecosystem because if you invest on some, you might loss out. And just like the ones I saw delisting by OKX exchange and if you invest in such project and the value decrease then you be at the losing site.

So when investing in altcoins look well. Make some research before investing.

[Kelward]

You're pretty much just doing the spray-and-pray method, just hoping that you hit it big on some of your random picks. Will this work? If you're lucky then sure; not a fan of it though. I'm personally more of a fan of making specific picks by reading docs.

Spray & pray can work but I also don’t do it. Many of the people who got in early on coins like PEPE are proof it can work though. If you’re going to buy a bunch of altcoins though I recommend that you try to do as much research as possible. Buying blind is OK if you allocate a small amount, hoping to strike it lucky.

Choosing 5 altcoins from each category seems to be a smart move, chances are that an investor will not loose in all of them, although he needs to understand that speeding his risk might not give him what a few well researched altcoins can profit him. I like the term"spray and pray", I'm hearing it for the first time and I think that it matches the OP method, although just like experienced members like you people, I'll also not adopt this method, I'll carry out my thorough research and choose one or two altcoins to invest in.

[Beparanf]

Hello guys
I am starting to go into trading and holding altcoins for myself, I got to understand that there are over millions of altcoins to choose to invest in, so I decided to come up with a strategy that would help me choose the best coins to hold as the bull run is around the corner. I went to coingecko and decided to choose coins from different categories, what do I mean, coins fall under certain categories like the layer 1, layer 2, Memes, infrastructure, Blockchain ecosystem, smart contracts platform, web3, and the rest.

What did I do, I choose the first 5 coins under these categories and decided to buy and hodl them with 50 USDT each. Am I on the right track or is there any other way I can do more better.

Actually this is a good plan except buying any meme coin because all of them is worthless. You do the right diversification of your assets but the only problem was your capital is too small to be diversified on each assets that you choose.

You should at least focus on 1 to 2 project until you grow your assets and just diversify it when your capital is already increasing. Your strategy is for high margin because it’s a way to lessen the chance of investing on a sinking asset.

[Belarge]

I think newbies are probably the only people who invest in meme coins without realizing it. I'm not saying that newbies only invest in memecoins. Those who originally invest expect to make money.  They will never want to waste money by investing in meme coins. Some people like to invest in meme coins. But we always have to think and invest in some good coins.

Good coins generates massive profits in the system. Coins is everything we seeks in the market. We have different sets of investors in the system, those that are willingly to take the risks with open heart and those that are playing safe inother not to fall into deep circles of regrets. Memecoins are mainly for those investors that can take good risks and they're able to accept whatever fate that come out on their path. We realized our mistakes and correct them ontime because that's one of the strict measures to earn good profits from the system.