Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result
Have you ever heard of a pump and dump scheme on a token? If yes then your risk of loss is quite large (when you buy the wrong token)
I advise you to play it safe amidst this market uncertainty, don't let your dream of making a profit go to waste because you chose to invest in the wrong token. Some of CMC's top 100 crypto assets should be your priority to buy, and stay away from speculative assets that only rely on hype.
It will be pretty confusing if someone goes for the top 100 in the list of cryptocurrencies listed on CMC because when you go for choosing the altcoins you want to invest in, you will need to thoroughly evaluate the coins and tokens and the projects behind them so that you can choose the best ones and your investments don't go wasted. That's why, one should narrow down that list and then go for choosing how many they want for their investments.
If the investor is a newbie, I would suggest they go for the top 20 or maybe 30 and evaluate each one of them very closely and research about them and see how they have been doing in the near past just to have an idea about their recent performance, and then choose the best ones among them.