2024-6-20 19:30 |
Crypto investors are often tempted to focus solely on altcoins, lured by the promise of massive returns during bull markets. However, as Trade Travel Chill, a crypto analyst, points out in an X thread, neglecting Bitcoin in favor of altcoins is misguided advice. We will discuss the analyst’s thoughts in the following paragraphs.
With over 2.2 million altcoins currently in existence and only one Bitcoin, the odds of picking the right altcoin are slim. In contrast, Bitcoin stands as a singular, reliable choice for investors.
Reducing Overall Portfolio VolatilityBitcoin is considered a high-risk investment in the financial world. As such, even a Bitcoin-inclusive portfolio is already inherently high-risk. By diversifying with Bitcoin, investors can reduce the overall volatility of their crypto holdings.
Trade Travel Chill emphasizes that when Bitcoin’s price drops and its dominance (BTC.D) rises, altcoins tend to experience even more severe losses. An all-altcoin portfolio can see losses of up to 40%, while Bitcoin may only be down 10%. Holding Bitcoin mitigates the pain and panic associated with such severe drops.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less –Read more: Top Crypto Unlocks This Week: SPACE ID (ID) and Merlin Chain (MERL) Joins the Top 7
Building a Balanced PortfolioConstructing a well-balanced portfolio for the bull market involves more than simply choosing between Bitcoin and altcoins. Trade Travel Chill highlights that factors such as age, responsibilities, available capital, and market knowledge should all be taken into account.
Blindly following wealthy influencers can be dangerous, as they may be able to afford sustaining losses and reinvest in bleeding altcoin portfolios, while most investors cannot. A responsible portfolio includes Bitcoin to act as a safety net against potential losses.
Trade Travel Chill recommends that a balanced altcoin portfolio should include a substantial portion of Bitcoin, followed by high-cap, mid-cap, and a few low-cap “degen” plays. Allocating 100% of one’s portfolio to low-cap plays is considered excessively risky.
The analyst advises that an investor’s portfolio strategy should reflect their age, time horizon, responsibilities, and capital. Those with more time and capital can afford a higher risk tolerance, while those with less time and capital should adopt a more conservative approach.
Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platformICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Crypto Investors Should Always Hold Bitcoin (BTC) in Their Portfolio: Here’s Why appeared first on CaptainAltcoin.
Similar to Notcoin - Blum - Airdrops In 2024
Emerald Crypto (EMD) на Currencies.ru
|
