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« on: September 09, 2018, 07:31:05 PM »
Not sure I agree with your statement, holding different altcoins (especially if they are focused on different industries) is, in my opinion anyway, diversification. Whether that is the right choice is another matter, and I agree it will potentially dilute your returns. It ultimately depends on your attitude to risk, and true diversification should involve multiple investment avenues including property, bonds, stocks, crypto etc. Anyway, we're talking crypto here, so here's my take on it.
If you had invested equal amounts in the top ten currencies this time last year (as of September 10th 2017 - see below), you would have a overall loss of just over 5%. It obviously doesn't tell the whole story though, because the market has been on a roller-coaster ride since then. What is obvious is the relative risk/reward of not doing that - as if you picked one coin, then you would now be looking at a portfolio with losses of over 60% if you'd picked the 'wrong' coin, or gains of over 50% if you'd picked the 'right' one.
1. Bitcoin - $4083.7 (6403.89) +56.82%
2. Ethereum - $281.75 (203.26) -27.86%
3. Bitcoin Cash - $515.77 (484.90) -5.99%
4. XRP - $0.20403 (0.286568) +40.45%
5. Litecoin - $61.48 (55.40) -9.89%
6. Dash - $309.32 (197.71) -36.08%
7. NEM - $0.254176 (0.10019) -60.58%
8. Monero - $109.66 (106.15) -3.20%
9. IOTA - $0.517025 (0.564325) +9.15%
10. Ethereum Classic - $13.78 (11.47) -16.76%
Anyway, each to their own.