Quote from: mirakal on Today at 11:28:02 AM

Quote from: aima55 on December 07, 2024, 05:00:16 PM

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?

I'd love to hear your opinions on this. Thank you!

To build your confidence, it is better to focus on just a few coins (3-5 is enough) rather than having 20 different coins. In this way, you can analyze them thoroughly or simply stick to Bitcoin alone. Besides, there is no other best option for long-term holding other than Bitcoin, or maybe ETH if you reconsider.

Remember, earning a profit is not about how many coins we hold but it is about how valuable they are. Keeping our investments in fewer coins is less risky than buying too many. We better focus on high-demand currencies and put our money with them.

Right, bitcoin is a good choice, but at the end of the day, it’s you who will decide based on your investment preferences. If you prefer 10-20 coins, that’s still okay as long as you know the potential of the coins you are investing. But as for majority here, 20 coins are too much, just try to reduce it to 5 coins maybe, but make sure to put a bigger allocation for bitcoin since it’s undeniably the most profitable crypto coin in the market.

Rotating your profits still depends on you. But just think of this, rather than keeping your profits and let it sleep in your account, it would be a lot better to use it and reinvest, at least in just a year or two, you will come to double or triple your profits from your original amount of profits.