Another option is to spread ones portfolio amongst different coins but ensuring the have a greater percentage in projects with a visible future. It is better to win small and lose less than lose more and win less
You are free to choose between low risk or greater risk. It depends because in general seeing a cryptocurrency at a low price can be considered profitable unless the project fails and does not show high recovery. There is a phase that is often called altseason, and I prefer to take profits there over a certain period of time and when I see the profit percentage, taking it early is enough and go back to the main investment in Bitcoin.
There is no harm in spreading your portfolio across several 10 coin assets on Marketcap to minimize losses. Apart from Bitcoin I also spread my portfolio 5-10% in Ethereum and Solana.
I think your approach is a balanced strategy about cryptocurrency investment, considering both low-risk and greater-risk options. The assessment of profitability based on the project's potential recovery after a dip is a prudent consideration. It takes profits during that period demonstrates a strategic mindset, because it allows you to capitalize on favorable market conditions.
This diversifying portfolio across multiple assets, particularly beyond Bitcoin, shows a risk management approach. Spreading investments across various assets, such as Ethereum and Solana, can help to minimize losses and capture opportunities in different segments of the market. It's essential to keep in mind that the cryptocurrency market can be highly dynamic and influenced by various factors. Monitoring market trends and adjusting your portfolio accordingly is crucial in navigating the evolving landscape of the crypto space.