These are 2 different types of portfolio strategies that I want to talk about. Both could win or lose out. The idea with going for a shit coin is that it has a better chance of going 1000% and gaining a shit tone of profit and maybe actually becoming a steady coin. For this I suggest to always look for the idea of the coin, and it can either fit a unique spot or is better than one of these solid coins. These solid coins have built up community and are being used... or ready to be used (which isn't as good). There are few of these, BTC and ETH are the main 2... but with ETH catching on BTC... BTC could see heavy losses if it does lose that #1 spot. (There is some tec to make BTC into a platform like ETH but more on that later.)
And then we have the almost solid coins... 3 XRP, 4 LTC, 5 ETC, 6 NEM, 7 DASH and 10 STRAT..... STRAT is probably the newest one to the collection but with its C# angle this almost cant lose. XRP and LTC could almost be in the top but still need a bit more adoption to really kick off. Collecting the solid coins should bring in long term gains as they will continue to be adopted. Sit and Hodl strategy required.
There are few upcoming good coins that didn't make my list to solid but have good potential to: WAVES, GNT, ZEC, STEEM, SC, LISK, ANS, FCT, UBQ and MONA. All have their own unique perspective that could be adopted in the world. (Follow for more on each coin later!) Collecting these coins could bring in some good gains if they become adopted. And it is likley that they will be.
Now I am not going to go through all the shit coins... Well I am not going to go through any shit coins, because even the lower ranked coins that I invest in still have some potential or unique idea or something over another coin elsewhere. I would not put so much of my capital into these coins, but they have the most potential to explode. Good to trade with for profits.
Most coins with good ideas will have a pump at some time. You just have to sit and hodl and if you want to take some profits sell half and keep a bit. At the moment most of my crypto is in ETH and I am mining it. It has a huge future. And next STRAT.
Thanks and i think this is a very interesting question to discuss. To me i would probably have a portfolio which balance between the best coin and upcoming ones, which consists say 90% of fund and then 10% maybe allocated to the shit coin which is probably like a call option to me.
Yeah it is fun to play with some up and coming ones, but you have to look into the coin and understand the idea... so many useless ideas will come about.
That is right, there are so many due dilgence one need to do to seperate whether it is shit coin or whethet it is up and coming coin. I just check monaco ico and it looks so good in white paper but somehow reddit has a complete different idea. So i am not ready yet.
Thanks for sharing!
I recently got into STRAT too - I agree there is a ton of potential with their focus on C# developers.