Hi. I have been in the cryptoworld for a short time but I find it very interesting and I am creating my portfolio of coins. I have less than 500 USD (I know that for many it is very little) distributed in the following way. I would like to know what you think of my portfolio. Any criticism or suggestion is valid. My plan is to hodl long term.
Thank you!
Thank you!
Several things:
1. Way too many coins to effectively keep track of. Even if you use blockfolio you'll be having a nightmare just managing all these 20 or so altcoins and entering transactions every single time. Also it means that you'll have to keep all your coins on an exchange which is something really insecure, as downloading wallets will be a hassle and syncing the blockchain.
2. Not enough top 10 coins. LTC, IOTA, ETC, or even BCH instead of BTG is a good idea.
3. No point having $5 or less worth of cryptos. Transaction fees will cut into your profits even if it does rise.