Thanks for your continued posting of this idea...it is a very good one.
Since my resources are a bit limited at this moment, I am using your approach to some of the lesser altcoins to try and find myself some 100-1000 baggers. Spreading a few dollars over a bunch of different coins could pay off it a few of them hit big down the road.
That said, I do try to keep improving my position in some of the bigger ones although I still cant resist adding more STEEM when it is down at these levels (although I am getting close to the 1% in that one).
Hi Taskmaster,
This approach helps me a lot not to over-invest in the lesser altcoins because I know once I own the millionth of supply I can relax and increase my holdings on more established coins. Most of these altcoins will be worthless in a few years but you want to catch the winners as their volume foretells their success or lack thereof.
True, it does prevent over investing.
What I am talking about is play money...putting $10 here, $10 there into lower priced lottery ticket type coins. These are located lower in the top 100 even as far down as 250. Most will die a worthless death but, as you just pointed out, there is a chance some in the top 20 end up the same way.
As we know, $10 can turn into $1000 in this world.
The thing is I don't want to turn $10 into $1000. With 1k extra my life would be pretty much the same.
@cryptoeagle I totally agree. For instance I researched and got some metaverse at $1.30 about 10 days ago, now ita $5. I wish I had bought 1,000 of it.
By the way I wrote about metaverse about 2 days ago, if you are intrested on checking it. Upvoted. @gold84
I understand that and appreciate that. My point is also to spread it around and hit upon many....There is no telling which coin my make an Ethereum type jump.