Buying established alts doesnt pay off
This might be an unpopular opinion but I do think that "diversifying" the portfolio with alts might be just useless.
Alts follow BTC trend like almost all the time. Why would I be risking another LUNA or something similar, when I can just buy BTC? It is the safest investment in crypto space. If BTC goes to shit, everything else will aswell.
There are alts with small market cap that dont follow BTC yet. These are a gamble and you can get good gains or just lose money.
But like top 50 alts just follow BTC trends. Why would I diversify my portfolio if that means I actually risk more for similar gains?
Dont get me wrong, I know that we need alts for smaller fees or faster transactions, but if you go into crypto as just an investment, better to just buy BTC or gamble on small cap alts.
Rant over.
submitted by /u/KlemenKisi
[link] [comments]