Nah, diversification should start if you have 1.000$+ to spend currently...
Its no point throwing a couple of $ in each coin...
around 300$ should be the lowest investment in a coin... that way atleast you make 300$ if it doubles... making 50$, is better of working for it
Its no point throwing a couple of $ in each coin...
around 300$ should be the lowest investment in a coin... that way atleast you make 300$ if it doubles... making 50$, is better of working for it
It is true, most people who are diversifying $75 or $50 in a few altcoins are pretty dumb, how the fuck are they going to buy fifty bucks of a coin? It is useless, if the coin goes x2, it will only give you $50 of profit = nothing.
You are fine with $500, As I think you will be compounding your investment, Not useless at all. Let's say you get a return growth of 20% monthly on your portfolio, ($100), Next month, its gonna be $120, and so on. But that's not gonna happen, If you only buy, and hope for it to grow, you will have to reinvest in other coins, freeze on pumps, buy again on dumps.
Soon your portfolio with be more than $1000,