Is there an ideal number of cryptocurrencies that you should own? Should you pick a handful of well-researched projects, or try the scattergun approach and invest small amounts into many different coins?
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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The problem could be that a crypto-portfolio, which should be diversified could not protect against the risk of single coins-investments or class of cryptos, because crypto-trading is high risk trading,...so it should be absolutely indifferent if I invest into 4 cryptos or over 20 ones,...my main aspect has the focus on "how much money am I'm really interestet to invest in higher risk markets" like the crypto-market. In this case I have more to point out my Risk-Tolerance...maybe also measuring the Return on Investments (ROI), avoiding the Lotterie Effect, the bottom line...&c.
With best wishes
Depends on your available capital. If you don't have much to invest, stick to a few well-known, high-liquidity coins. If you have more to invest you can cast a wider net, where even the 10% high-risk part of your portfolio could have many cryptos in it.
Boring . These are all long term holds. Have fun holding ripple for years before it hits 30 cents as well as all the other alt coins . If u want real money its lending programs that will get u there . All other alt coins have already pumped and dumped, all u can do with those is hold until ur pretty much on your deathbed . Have fun getting "rich" with his stradegy
Good stuff. Also, we shouldn't just be looking at the coins or blockchains themselves. This would be like just looking at metal coins gold, silver, plat., etc and not mining equipment, skilled labor, refining industry, storage, and even things like gunpowder for dynamite. The focus on coins can maybe distract and harm more real growth. Examples of good real growth startups in crypto space have been in new sector of hardware wallets, old sectors of GPU's and CPU's, services like Coinbase and popular apps. I know that ICO's blur the line, but I think it's important to try and make the distinctions so we can also think about investing and building around blockchain and not just on it, if I'm making sense. I might even suggest pumping the breaks a little on trying to progress the coding at the moment while we see about catching up in other ways. Like maybe scaling solutions, too, might then appear from other directions. Idk, these are just my thoughts.
Like Pokeman - you gotta get them all.
No, not really. The top three (obviously) and then 10 -15 other strong projects with a similar allocation (fiat - wise) to spread risk but to assure some reasonable return for that one asset in your portfolio that does moon down the road. I have too many coins / tokens right now but - pre-segwit - I won't be offloading any.
BitCoin ... BitCoin ... BitCoin ... BitCoin ... BitCoin ... BitCoin ... BitCoin ... BitCoin
If you invest in any other coin you'll be a mug and get left behind.
When it's 2018 and BitCoin is $20,000 remember I told you this in November 2017.
I have 22 assets at the moment and I believe in long-term potencial of 4-5.
Im planning to move more and more on my investments into these 4-5.
FYI: BTC, LTC, ETH, XMR, DASH aka old dogs.
I see some great potencial in: NEO, IOTA, OMG
Hong Kong based futures exchange has listed BITCOIN CASH for futures contracts. a civil war is underway between BTC, BCC and B2X for the crown ... I personally believe that Bitcoin Cash will win this fratricidal war....I personally believe that Bitcoin Cash will win this fratricidal war
3-10 Coins depending on how much you are interested and keeping up to date. For people who just want to be "safe" maybe Bitcoin Ethereum and a thrid coin of choice and people who research daily there can be a few more
Invest in STEEM/LSK/OMG/EOS/BQX/TENX/CENTRA/ETH/LTC/CIVIC. I also invested in Ripple in case the bank finally realise that they can't stop Crypto and decide to adopt. Other coins such as IOTA and NEM may do well in the future. B3 is maga cheap so get in there!
Hello, I’m a beginner with crypto currency and I have to say thanks to you it’s been a smooth transition. Thank you for posting these videos to help us out. Please keep posting I would like to see a live broadcast one day if you haven’t already. My portfolio is a little like yours, not investing in too many coins but Bitcoin, Ether and litecoin for now, looking to add a couple more and focus on those. Thanks again
Can you make a video trying to explain the bitcoin intrinsic value and why it's not a tulip bulb? Because I can see more value on alt coins, that can actually do "something" and bitcoin is like a FIAT money, because if everybody goes for a better crypto, let's say IOTA, what is the value remaining in bitcoin? I love cryptos but I still struggle to understand that. Thank you
i'd say if you are a good trader and are good and moving in and out of alts for a profit then do that but you had better know what you're doing. i've tried it and failed miserably . i had almost 30btc a few months ago and now i'm down to about 20. i would not recommend buying and holding the altcoins. buy and hold bitcoin and a few top tier alts like ethereum and litecoin but all these others could be gone in a flash. in all reality bitcoin could be gone in a flash. 10 years ago everyone used myspace and that was the king, now myspace is just a memory . so don't think that just because bitcoin is on top now that it will stay there. just like with the dotcom bubble there were so many internet companies that went bankrupt literally overnight . most people here don't remember the tech bubble but i remember it vividly. there were so many dot com millionaires that literally lost everything overnight when their stocks went bankrupt. don't let that happen to you. if you do get a lot of wealth in bitcoin or another coin cash it in or cash in a large part of it and buy something real like a home or a business . don't get greedy
what if you're just diversifying in a bunch of shitty coins though? I'd have at least half my money in the s & p index fund. Yes the market could crash but so could your life itself. It's not something you'd count on
Louis, you didn't mention a third option which is to buy the top few (eg. top5 or top10) and allocate weighting based upon each marketcap. This way you can safely diversify without having to be able to predict the future because by rebalancing each month, the winners will gradually get a bigger and bigger weighting, whilst the losers will gradually be allocated less and less until they drop out of the index. This strategy should succeed if cryptos in general succeed, even if you aren't any good at picking the future winners.
Personally, for my portfolio I have allocated into 3 groups : group A. 50% is invested into an index of the top5 and weighted by market cap , group B. 40% is invested into any of the top10 and again weighted by market cap but they are only included if they are trending up and remain over their 150day exp moving average and group C. 10% is for any handpicked smaller cryptos that I like or that are in the top30 and trending up and are showing higher relative strength when compared to bitcoin (this group is equal weighted instead of marketcap weighted, it usually only includes 3-4 small ones.)
after thinking about it a bit more, i think index funds might be a great way to go for anyone investing a smallish amount (maybe less than say $20k usd) where its not worth the hassle of rebalancing them yourself each month, or the amount invested in the smaller marketcaps is too small to make it viable. But for large amounts of money, its an unnecessary risk to put your trust in 3rd parties.
yes its true there is an element of that, just like stockmarket indexes that are marketcap weighted, they aren't perfect ... but still grow as the market grows and are relatively safe compared with the most alternatives. Without being able to predict the winners, i don't know of a safer way to grow as the overall crypto markets grows, because I feel in the future its just as likely the winners haven't even been invented yet as it is likely that bitcoin evolves and fixes its problems and eventually dominates 95% of the market. I don't have a crystal ball, so i'd rather be safe and just move with the market as a whole. Rather than try to pick and choose the winners myself. Keep in mind, the 30th largest crypto currently only controls 0.099% of the total market, and even the tenth largest only controls 0.72% of the total market ... so they are still very small when the system first starts buying into them.
got 14 coins I'm invested in. high caps making up 50%, 25% in mid caps and 25% in small caps. only investing in coins I believe in and have a strong community. ~ bitcoin, ethereum, litecoin, Neo, omisego, iota, lisk, vertcoin, nav, Walton, bitquence, substratum, salt, and kucoin.. my golden portfolio :) I may have too many coins but I want to make sure I have my hands wet in all the coins I really really like
You have a good strategy Louis. I believe you should have the majority of your investment (85%) in an equal quantity of BTC, BTH and soon to be B2X... (eg. 1 BTC, 1 BTH, 1 B2X)
The other 15% spread as equally as is practicable over each of the remaining top ten on https://coinmarketcap.com/all/views/all/
When one coin leaves the top ten.... sell it... and buy the coin that has replaced it in the list of top 10 names.
25% in ETH
25% in BTC
25% in NEO
25% used for buying any of these 3 when they are down more than 3% and selling when they go up more than 3%
$50/paycheck to whatever crypto looks good at the moment.
Always pull all of your money out of coins that moon(because quick gains from coins that have no use always drop back down) and put it back into one of the three above.
selling at 3% gain won't give you huge benefits unless you put a huge investment because there is a considerable gab between "buy" and "sell" at exchanges. Perhaps, I would think 8-10% gain would be OK to sell.
I think investors should enter only into positions that they have the and desire time to monitor. I think 'all -n' BTC works for a novice investor that isn't actively researching the space. Alternatively, if this is what one does with a large chunk of their time, they might invest in as many QUALITY projects that they feel they can properly stay informed on.
I have about 40% in bitcoin, 35% in ethereum and the rest spread between neo, omg, walton, salt and substratum + a little in ethconnect, just as an experiment to hopefully make a good return on the ponzi. I wanna increase my holdings in neo, omg and walton and keep substratum and salt, because I don't wanna miss out on good opportunities. I also wanna maybe get a privacy coin and maybe iota, just for the fear of not missing out on potential gains. It's not a perfect portfolio, but I am working on it.
Do you still continue investing money on crypto ? ( i mean fiat)
Or you only wait with the coins that you already have.....
Or do you just invest the profit that you gain from those coins, in other coins?
I think a great opportunity to rebalance one's portfolio and narrow one's focus will come with the next BTC retracement. I'm tipping a retracement to around the $5k USD level. Some alts will strengthen during this, others will sink. This will be a good chance to choose alts for the long-term that have serious investors rather than 'get-rich-quick' types who are chasing short-term pump & dump plays.
Mainly a belief that China will be big in this space (with NEO at the center of it) and the history of the chinese to back their own technology and make it more difficult for outsiders. Plus I also think it more likely for NEO to 10x, than for ETH to move up to Bitcoinesque levels.
Hi Louis, I thought that you had some OMG, maybe a very small part compared to the big 4? While I'm at it, great work on your video's. Really like that you are following your own style of selecting subjects you want to talk about and elaborate on. Greetings from The Netherlands
Louis, would you consider setting up a Telegram channel for subscribers to have discussions and share ideas? I think that you attract the 'sensible investor' types so it would be good to pool our minds and more importantly, make friends. How about it?
BTW, I am anti P&D... I am all about the fundamentals. That's why I listen to Louis and other people who I trust. Thanks for calling me out and highlighting how this could be misinterpreted, I know this is a very dangerous space and we need to self-audit what we say and do. I'll be more careful next time, cheers.
No problem, many first time investors and traders around the space. Let's keep stuff on public forums hay? Good thing about YouTube is people that don't want to register can read and watch everything that is posted here so it's very transparent. Maybe you should look at becoming an accredited investor or... pay for a newsletter from someone like Andy Hoffman https://www.youtube.com/channel/UCiLyzn8tm9ckqbBn-mBV9NA
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