Are you looking to get started in the crypto investment space? Then, you’re at the right place. Investment in cryptocurrencies is generally not recommended for conservative investors because the market is tool volatile and risk involved is relatively higher than other markets.
Still, there are a number of things you can do to mitigate the risks and increase your profits from crypto-coins.
Almost every investment professional or trader you would ask will advise you to build an investment strategy with a diversified portfolio. While portfolio diversification works in almost all types of investments, it is particularly profiting in the crypto market because of the high risk involved. This is the secret we are going to talk about today.
How to diversify your crypto investment portfolio?
10% to 30% – Top (trending) coins
Invest a quarter of your funds in the top coins such as Bitcoin, Ethereum, XRP, Litecoin, etc. You can find the complete list here. These are market shifter currencies whose price change very frequently. So, limit your investment in these coins to not more than 30%.
40-50% – Popular altcoins
Altcoins are the currencies that are created as an alternative to bitcoin. Some of the popular ones include NEO, Titan coin (TTN), etc. Experts strongly believe that altcoins are most likely to outperform bitcoin and other established coins. This is because they have a strong foundation along with great growth potential, profit structure, utility mechanism, etc. Read More at Cryptopolitan...