Hi all,I am abit late to the crypto game but find it fascinating,my budget so far is £50-100 a month(over 3-4months so far)trying to build my portfolio. I started off with xvg and dgb just to get the hang of it all,I sold them,and bought some others in some dips.this is what I have so far
200prl
236mywish
1240serenity ico
236 patron ico
120nous ico
126lance chain ico
Am I investing in the right tokens/coins?or is there a different direction I need to take?I appreciate any advice as I do want to make some profit in the medium to long term
In Crypto the risk of losing your initial investment is sky high. And it is even higher as soon as you invest in ICOs. Now it is a legitimate way of speculating your money should you be wiling to accept it as a high risk - high reward bet. You have to understand that most ICOs will eventually fail. There will be further regulation and there will be a filtering of good projects along the line. No one knows when this is going to happen but when it happens most projects won't hold up.
Personally I allocate 80% of my money in "anchor" projects like ETH or Bitcoin. 20% are allocated to high risk bets like ICOs.