Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.
50 Ethereum
50 Ripple
50 Binance Coin
30 Litecoin
20 Enjin
10 Iota
30 Cardano
20 Stellar Lumens
10 VeChain Thor
10 Pundi X
10 Basic Attention Token
10 Ontology
10 Zilliqua
30 Monero
? Eos
10 Tron
? Zcash
10 Icon
? Chainlink
any other ?
10 Dash
I think you chose Altcoin too much with a small amount of money. If your money is $ 370, you share it with a total of 20 cryptos, then the results you save will not affect when you sell, or trade. I think you only need to share in 5 crypto. You can choose the best from the 20.
I agree with the suggestion. Because the calculation is $370 and is divided into many crypto. Then it will be difficult to get a profit, if there is one loss contained in one coin. Then the profits on other coins will cover the loss. So you don't get any benefit if you use this method.