Post
Topic
Board Speculation (Altcoins)
Re: I'm now accumulating 15 altcoins, what do you think?
by
South Park
on 10/04/2019, 21:57:01 UTC
Having accumulated bitcoin once it dropped under $3000 from late november until early March, I've now switched over to diversifying out with an altcoin spread. I picked up 15 altcoins last week, will continue buying for the next couple months probably.

I might add a few coins, but what do you think of my altcoin spread. Note that I already own a lot of BTC, a good amount of ETH, and a little BCH and LTC and DOGE. I don't plan on buying more of those coins.

snip

What do you think? I don't pay much attention to altcoins so I haven't done much research on plenty of these. Or there are coins I've known a little bit about for a while but never done dedicated research on. Just really trying to get a good diversified portfolio of altcoins for the next bull run to go along with my Bitcoin dominated coin holdings.

Sidenote:
I feel like EOS is the coin I think could gain the most out of those. I could see the next bull run taking it over 200 billion market cap (I could see xrp, eth, and eos at the next peak all getting to around the market cap bitcoin had on the last peak >250 billion). But then i just started doing research on it and saw it was designed to be centralized, and the founder even seems to reject decentralization which is pretty dumb. I mostly think its gonna go crazy cuz I see that right now it is destroying ETH in terms of usage of dapps, so i'm wondering if its gonna take the dapp lead from ETH during the next bull run.

Anyway, any thoughts or comments would be great! Thanks

Most of the coins in your list are very good and there are only two coins that I have never heard of, however I am not so sure that is such a good idea to be holding so many coins, remember diversification is a great way to protect yourself from losing everything if one of your assets goes down but if you are interested in diversifying your investments then it could probably be a good idea to invest in precious metals or real estate but if you are determined to diversify your holdings in cryptocurrencies I will consider cutting your list in half.