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,
The more the better. But you should keep a track on it. The amount you hold should not be very low as you'd be losing the price advantage on commission.
The strategy I implement is I decide the priority of the coin and buy them on a multiple of $100. I have some worth $100, some worth $200 and a few worth $500. I track them on a spreadsheet, google sheets as they are easily accessible on any device. I don't keep them idle either. I place them on different sell orders so that I don't miss quick spikes. And if they again fall below, I accumulate more.