I guess there's many ways to do this. Let's say you invest £500. Your goal is to 10x you investments and happily pull out.
You invest in 5 coins. £100 each.
You track your investments and see that on your £500, you now are overall 100% up and see you have made £500, so £1000 in total.
Would you pull out £500 or would you leave it all in to grow to your 10x?
Any strategies here I can get to know?
10x is pretty hard and can't be easily achieved even if you have strategies to do it. First of all, I honestly would not target 10x because it can give you the unnecessary feeling of greediness and hope inside you. Setting up a plan after the analysis of the coin you are targeting would be better and applying risk management into your capital so you won't lose all the way if you experience a loss on a trade.
Well, Your technique of diversification could be effective in the long term especially if the market is in the accumulation phase, The chances of making a profit from there is high.