Bitcoin explosion and ALT coins thread

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I just bought like $100 each of a ton of different alt coins. I'm guessing most of them will be worth $0 but who knows. In 10 years maybe 1 or 2 of them hit it big and get me 10s of thousands in return.

Might pick up $50 worth of a bunch more just so I hold pretty much every crypto coin out there.....lol. I have no idea about them but hey, it's worth an outside shot and throwing $3k into it and waiting to see what happens is worth it to me.
 
TheNinja said:
I just bought like $100 each of a ton of different alt coins. I'm guessing most of them will be worth $0 but who knows. In 10 years maybe 1 or 2 of them hit it big and get me 10s of thousands in return.

Might pick up $50 worth of a bunch more just so I hold pretty much every crypto coin out there.....lol. I have no idea about them but hey, it's worth an outside shot and throwing $3k into it and waiting to see what happens is worth it to me.
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dude, keep throwing money when you can
 
C-H-L said:
dude, keep throwing money when you can
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Do you, or others, think it's better to focus on the big boys like BTC, ETH, etc. Or with "play" money just toss a wide net and buy up pretty much every type you can find? I mean, I'm only looking at small amounts of money on the unknown crytos, but you never know if one of the 30 small ones ends up hitting big. My $50 goes to $1000!

I guess do you put 100% into the top 4-5 crptos or would you do say 80-90% in the top cryptos and the rest in the penny stocks of the crypto world?


More likely my $50 goes to zero, but that's why it's called gambling......err...speculative investing.
 
TheNinja said:
Do you, or others, think it's better to focus on the big boys like BTC, ETH, etc. Or with "play" money just toss a wide net and buy up pretty much every type you can find? I mean, I'm only looking at small amounts of money on the unknown crytos, but you never know if one of the 30 small ones ends up hitting big. My $50 goes to $1000!

I guess do you put 100% into the top 4-5 crptos or would you do say 80-90% in the top cryptos and the rest in the penny stocks of the crypto world?


More likely my $50 goes to zero, but that's why it's called gambling......err...speculative investing.
Click to expand...

Your portfolio should reflect how much risk you want to take, you work that out yourself by research.
 
TheNinja said:
Do you, or others, think it's better to focus on the big boys like BTC, ETH, etc. Or with "play" money just toss a wide net and buy up pretty much every type you can find? I mean, I'm only looking at small amounts of money on the unknown crytos, but you never know if one of the 30 small ones ends up hitting big. My $50 goes to $1000!

I guess do you put 100% into the top 4-5 crptos or would you do say 80-90% in the top cryptos and the rest in the penny stocks of the crypto world?


More likely my $50 goes to zero, but that's why it's called gambling......err...speculative investing.
Click to expand...
I'm no financial advisor but I tend to split my money between a number of crypto and regular stocks. it doesn't hurt to start any kind of portfolio, even if it's small
 
William Huggins said:
Your portfolio should reflect how much risk you want to take, you work that out yourself by research.
Click to expand...

C-H-L said:
I'm no financial advisor but I tend to split my money between a number of crypto and regular stocks. it doesn't hurt to start any kind of portfolio, even if it's small
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Thank you both! I should have clarified, I have a bunch of stocks and funds and stuff where a vast majority of my investments sit. At least 95% is in traditional investments I would say.

This ~5% in crypto is where I'm willing to take a ton of risk. I might lose it all, but I might hit it big. So of my "risky" investments I guess I'm just trying to figure whether to spread across like 30 cryptos or keep to the safer well known ones.

Something I need to figure out on my own after my own research. Just kind of curious what other people do. All crypto eggs in 1 basket or spread it aroiund?
 
TheNinja said:
Do you, or others, think it's better to focus on the big boys like BTC, ETH, etc. Or with "play" money just toss a wide net and buy up pretty much every type you can find? I mean, I'm only looking at small amounts of money on the unknown crytos, but you never know if one of the 30 small ones ends up hitting big. My $50 goes to $1000!

I guess do you put 100% into the top 4-5 crptos or would you do say 80-90% in the top cryptos and the rest in the penny stocks of the crypto world?


More likely my $50 goes to zero, but that's why it's called gambling......err...speculative investing.
Click to expand...

I recommend buying all of the Doge
 
TheNinja said:
Thank you both! I should have clarified, I have a bunch of stocks and funds and stuff where a vast majority of my investments sit. At least 95% is in traditional investments I would say.

This ~5% in crypto is where I'm willing to take a ton of risk. I might lose it all, but I might hit it big. So of my "risky" investments I guess I'm just trying to figure whether to spread across like 30 cryptos or keep to the safer well known ones.

Something I need to figure out on my own after my own research. Just kind of curious what other people do. All crypto eggs in 1 basket or spread it aroiund?
Click to expand...

90% of the coins will be worth close to 0 in a few years. Do some research and invest in the ones you believe will have more usefulness, especially in DeFi and smart contracts.
 
Screenshot 2021-01-29 808pm.png
Good week...
Next couple years are gunna be amazing.
 
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