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?
does it matter?
i would say that investing in 1 or 2 good altcoins is enough and a lot better than investing in 10 altcoins that end up being trash anyway although with $5k, o would say that that would be too big for investment to altcoins i would rather put most of it in bitcoin and then pick a few altcoins i can watch grow
agreed with few quality altcoin picks, but sometime we need to diversify for the sake of catching the narrative so I guess 4-5 is good enough.
but it depends on OP whether he can follow the narrative or not otherwise if it's 5k just stick with 1 altcoin that OP really knows because diversification takes a lot of effort in managing.
but if we're talking about altcoin here anyway, picking 1 coin to 5 coins for the sake of diversification barely make difference because altcoins always pump and dump in unison.