This video provides advice to beginners on how to choose a cryptocurrency portfolio, including 100 altcoins. The creator warns against trying to make 100x returns on investments, as it can lead to losses. Instead, they suggest looking for coins that have done well in previous bull runs and that have established adoption. They also advise against putting all funds into one coin, suggesting a mix of top coins and speculative plays. The goal is to achieve 10x-20x returns, which can provide significant gains for new investors. The video concludes by reminding viewers to keep their funds safe and not to get wrecked in the market.
How to Pack 100 Altcoins as a Beginner
If you’re new to the world of cryptocurrency, it can be overwhelming to try and figure out where to start. With so many altcoins out there, how do you know which ones to invest in? In this article, we’ll be breaking down the process of packing 100 altcoins as a beginner.
Understanding the Main Message
The first thing we need to address is the main message of this video: finding coins and maneuvering around the market, but not getting wrecked. It’s important to understand that you don’t need to choose coins that are going to get you a 100x return right off the bat. In fact, trying to do so can often lead to losses.
As a beginner, it’s important to start slow. Get your feet wet and understand how exchanges work. Invest in a little bit of Bitcoin and Ethereum and move your cryptocurrency onto a hardware wallet to keep it safe. Once you’ve got a handle on the basics, it’s time to start picking altcoins.
Look at Coins That Have Done 100x Before
When picking altcoins, it’s important to start by looking at coins that have done 100x before. For example, Solana, which went from $2 to over $200, did over 100x in the previous bull run. While it’s not a guarantee that it’ll happen again, chances are that if a coin survived a previous bull run and had adoption, it’ll repeat or even outdo itself.
While top coins like Solana and Polygon can be great options, if you’re looking for a 100x return, you might have to get a little more speculative. Look at coins like XLM, Filecoin, and Algo, and try to understand their potential growth. Remember, not every coin is going to get you a 100x return, but you only need a handful to do so to make a profit.
Hold Some Bitcoin
While it can be tempting to put all your eggs in the altcoin basket, it’s important to hold some Bitcoin as well. Bitcoin is still the king of cryptocurrency, and while it might not give you a 100x return, it’s often a stable investment that’ll hold its value.
Prepare for the Bull Run
Finally, it’s important to keep in mind that the next bull run is going to create crazy amounts of gains. If you come in with $10,000 and retire off the bull run, you’re doing well. But even if you don’t make a huge profit, a 10-20x return is still a significant gain.
Packing 100 altcoins as a beginner can seem daunting, but by starting slow, picking coins with a history of 100x returns, getting speculative, holding some Bitcoin, and preparing for the upcoming bull run, you can make a profit in the world of cryptocurrency. Remember, there’s no guarantee of success, so always do your research and invest smartly.