Quote from: UmerIdrees on April 21, 2019, 05:43:50 PM

Quote from: Oasisman on April 21, 2019, 04:54:12 AM

Quote from: RamBahadur.Gurung on April 21, 2019, 04:41:43 AM

Quote from: usorin on April 20, 2019, 07:07:37 PM

The bearish market is the best market available for acquisition of altcoins because the value is low and the evolution of it is predictable.

This is the most common mistake being done by the new users. When I was new here, I was also thinking the same way. I gave more importance to the alts and accumulated a large number of different alts and tokens. And then I learnt my lessons the hard way. First of all, the price of all the alts are dependent on Bitcoin. And secondly, most of them were created to poach the users of Bitcoin (although there are exceptions such as Cardano and Ether).

If you look at the technology behind these alts, you can see that none of them has the capability to replace BTC. They are having value just because some people think that they'll also give good returns like BTC.

Thats indeed a huge mistake, accumalating more than 6 to 10 alts as a way of diversifying their investment. I mean not all projects have the same outcome. Most of the people who have been buying alts during bearish season, ends up selling every little gains they made to cover the losses and trying to make it break even.
It was then I remembered, its more profitable to buy during pre ICO, but of course choosing the most promising project will be the most hardest part.

Collecting few alts in the portfolio is not bad at all provided you choose the right Altcoin. The price of the altcoins will rise as the market will go in uptrend but to get advantage you need to hold it for some midterm duration.

Also it is advisable to keep atleast 30% of the portfolio in BTC always.

I didnt said its bad. Lets say 5 maximum alts in my portfolio (thats my standard limit, I sometimes consider 6). iMO, midterm duration isnt somehow very profitable. Well, it depends on the amount you have invested. Huge capital means huge returns.

I even have more than 30% amount of Bitcoin in my protfolio. I am still skeptical in diversifying my investment for more than 7 alts, I might end up lossing big chunk of my asset lol.