Friends, a look at common wisdom in crypto, that you will hear and read pretty much everywhere goes something like this: Keep majority of your portfolio should be mostly large cap mains (BTC/ETH/LTC/), a general rule of thumb would be keep 70% in the main coins. But let’s look at one good example:
Say you have less than $8,000 to invest and you go and buy one whole bitcoin. It’ll take weeks or months for it to hit $9,000 or $10,000. And even when it does, you’ll have made $1,000. That sounds good, but WHAT if you invested your money in a less known, smaller cap and upcoming altcoin.
Again, another example: you take $7,000 and dump it into some altcoins you researched and found to be good, and the price of that coin doubles (10+ coins have done that last month, even during this bear market). You’ll have $16,000 which makes a whopping $8.000 profit. Gentlemen, what do think should be the better investment between Altcoins and Bitcoin.