Great suggestion.
Being involved in 35 different coins, you have enough "lottery" tickets there that some will hit. I think people make the mistake of putting all their eggs in one basket. While I am not a huge fan of diversification in the stock market since I believe people too often use that as an excuse to be lazy, I feel it is very appropriate in this arena. The truth is we do not know what the crypto world will look like 5 years from now in terms of what coins will be around. For that reason, having a wide variety is important.
If just starting out, I would suggest getting some BTC, LTC, and ETH. Obviously Steem is a good one. After that, I would say going through the top ten and picking a couple to three out of that is a good idea.
Thanks for the post.
I got into the stockmarket just before Apple released the first iPhone. I saw the potential. Since then Ive bought tesla, crisp, facebook, graphene & other future tech. crypto falls into that space & because of my profits in the stock market I was able to take greater risks. But Im happy with the coins I own. Though many may fall I think at least 80% of my selection will succeed
I am a believer in tech and will only put my money towards it. Even in my 401K I have a tech fund and the SPY. I figure over the next 15 years, the SPY, which is weighted to what is going on in the economy, will be more tech heavy. My most recent buys are all tech including TSLA, NVDA, UTHR, and GOOG.
Crypto, over the next 10 years, will outpace all my holding in the market I believe. I am not sure which ones will do it although I am optimistic about LTC. Steem is going to make people a fortune too in my opinion.
I will be VERY surprised (& damn disappointed) if my crypto portfolio doesn't eclipse my stock portfolio in the next 5 years. Its about 20% crypto 80% stock right now
Good post and advice! Upvoted:Following.
Thanks. not sure how steem works but much appreciated