RE: What I've learned from investing $100 in each Top 100 cryptocurrencies (month 1)

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What I've learned from investing $100 in each Top 100 cryptocurrencies (month 1)

in cryptocurrencies •  7 years ago 

Martin, thank you for a fine article, you have given me (and I hope others) a cutcut to knowledge that you have obviously earned the hard way. I have been dabbling in the crypto market and have rushed in and have not been as secure as I should. I will take a step back, re-read your fine points and adjust. I am temped though to look at a smaller cross section, would the top 20 do as well in your opinion?

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I think it would do less well. Bigger gains in value are not in the top 10 (which are already big). Many analysts/industry folks think that the trillion dollar crypto is not yet in the top 100, so... it's a pain to do, definitely, but if you get a mini-stake into 10-15% of the overall crypto coins (like I do now), it's more likely to succeed than with just 2% (if you do top 20). Based on about 1k cryptos listed on coinmarketcap (and growing)