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Ben Armstrong, a well-known crypto trader, shared in which cryptocurrencies he invested
Its crypto portfolio is 30% Bitcoin. Armstrong believes that the first cryptocurrency to buy is safer. Especially for beginners. Therefore, he gives advice to invest in Bitcoin 25-50% of funds.
In 2nd and 3rd place in its investment portfolio - Ethereum (22%) These cryptocurrencies have strong positions.
Therefore, even if you have a plan to invest in low-cost cryptocurrencies - leave part of your crypto portfolio under BTC, ETH and ADA. They should be 50-60% of the invested funds. The rest can be spent on the purchase of 5-20 lesser-known altcoins.
However, he did not come to this decision immediately. He spent most of his career as a crypto trader buying altcoins. In his opinion, this is the easiest way to earn several hundred X on one or more cryptocurrencies.
Alccoins help turn a thousand dollars into a number with 6 zeros. Bitcoin is not as effective in this regard. However, the trader admits, it is necessary to choose the right cryptocurrency for investments. Many projects do not produce the expected results.
The trader recommends investing in 5-8 coins if the investment is up to $10,000. In his portfolio are Aave, Polkadot, Chainlink, Uniswap, Tezos, VeChain Elrond and about 7 altcoins.
Most of all Armstrong believes in ADA and ERN. Aave and Ethereum are the least profitable at the moment. He also reminds novice traders that the dynamics of cryptocurrencies are cyclical. At the end of each bullish season, it is important to lock in profits.
You can get more information, register and start trading on Binance.
The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.