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,
You have been into bitcoin since 2020, let say for 5years now, I'm sure you are suppose to know better in the crypto market. Altcoins are very risky and you need to do your research before investing in any Altcoins. From the time you have been into bitcoin it is enough for you to observe the market and to know if Bitcoin or altcoins have more risk to invest. I will always recommend Bitcoin because it is safe and reliable for investing compare to other altcoins.
Yes, Op should have understood the movement of the crypto market which is very volatile at all times, studying bitcoin since 2020 is enough to choose the right investment either in Bitcoin or altcoin. Whether during your playing you never do personal research or just rely on other people's strategies, I do not recommend investing without personal research because there are many risks that arise after entering trading.
I myself in this case choose to invest in top Altcoins such as Ethereum, XRP and Bnb but most of the big investors choose bitcoin as a long-term investment so that it is safer than altcoins, the decision is in your own hands depending on which is safer and according to each person's research capabilities.