I have a few questions:
1. Is it okay to rotate my profit into another coin, or should I invest it in a stable coin or leave it in USDC?
2. Do you think investing in 20 coins is too much? Should I reduce my portfolio?
Heard people saying whenever you take profit from any investment, dont rotate it to another. I’m honestly scared, i dont want to miss out. I want to make it this bull run too like you guys.
I'd love to hear your opinions on this. Thank you!
At this point op needs to chill first before making any further decision, all this questions asked is caused by fear nothing else either fear of not making any profit or missing out this bull run. What’s actually triggering this fear might be as a result of the information you read online concerning financial advice if I’m not mistaking.
Firstly rotating your profit is actually a brilliant idea, it’s advisable you diversify when you’re sure about the investment growth besides you must know the aim before diversification but at this point I will advice you focus on what’s working for you. Secondly 20 different coins is too much, some investors face loss at the range of 4 coins talk less of 20 coins regardless don’t pay attention to every information you read on the internet basically few are of them are not knowledgeable enough to make investment choice.
If you do really want or like to take advantage of this upcoming bull run then the best thing that you should really be doing is to make up diversficiation on some altcoins but it wont really be that necessary for it to be many because if we do have that limited amount when it comes to capital then we do make it sure that on the moment that we do make out some investment then better be sure that you will be able to invest into those projects on which you do believe that it would be having that potential but of course this isnt something that could be predicted and totally random. This is the main reason on why there are those people or investors will really be trying out to accumulate as much as they could in quantity and not basing on quality. There are ones who dont know on what they are doing and thats why they will really be just that investing with Bitcoin on which this isnt also a bad idea.but not all will be making out this kind of good idea but rather they do go into those low caps or the worst they do choose up meme coins because they've been hoping on higher multiplier.
When it comes to diversification then its recommended because we can have that multiple possibilities of that kind of recovery. We do know that when it comes to choosing on which coin you will be choosing up then it will really be in accordance into your risks management because not all be having that the same choices of the projects that they will be investing. The key on here is to invest into those projects on which been solidly been supported by a good and big community on which you could assure at least that you are on the right project but of course on same on what i have said above that there's no assurance on everything. There's the risks that you will really be needing up to deal with from time to time since market is too unpredictable.