Thank you for another very informative video/ post! I apologize if you've answered this question in a previous post but, without getting too deep into your personal investments, are you able to share an approximate break down of your portfolio's diversification, percentage wise?
I've just started my own research into various projects and diversifying my portfolio from solely BTC. As I am starting this process, I am looking for a general guideline of what percentage of my portfolio should be in BTC, LTC, Either, remaining top 10 & other altcoins.
I'm hopeful as I further diversify I will be better prepared for situations similar to this in the future since I am unable to buy as much into this dip as I would of hoped. Again, I realize this is subjective, but any general advise would be greatly appreciated. Thanks & Happy New Years!
I have answered this question before and, for now at least, I am holding off from releasing my portfolio to the public. In general, the less exposure you have to investing, the more you should have in Bitcoin. For most people, cryptocurrencies are a first time experience with investing and you will both lose and gain substantial amounts in short periods of time. Bitcoin has lower % swings than other cryptocurrencies so can be easier to sleep at night and it's the most important one to understand. After that, you begin touching other mega caps as you mentioned.
I don't think that it is all that important that you are well diversified into a ton of altcoins so much as it is that you have some allocation in Bitcoin and some allocation in altcoins so that your portfolio enjoys some benefits associated with less than perfect correlation.