Hi all,
New here. I'm traditional equities trader that got involved with BTC in Feb 2020, and have fortunately bought at at every bottom since then. Diving into altcoins, I'm wondering how many coins do y'all recommend one should hold at one time? Let's say I'm still just dabbling and want to invest $5k (OK with this going to zero), how many altcoin do you recommend that I'd invest in for the risk reward to be 10x or 0?
Thank you,
I think depends on how many altcoins you follow out there since market for this coins or tokens is so volatile and its good if you can make sure that you can follow the latest happening on the market so that you won't missed out those good opportunity to exit when needed.
So I guess 5 - 6 alts is good to have in your portfolio since I think with this you will not get a lot of stress for always checking. Anyways still its up to you on how many you like to add up and for sure once you are starting your investment or trade you will find way to look for new coins to add on your portfolio. Just don't rush everything and let the process dictate if you are still capable to buy new alts out there.