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.