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When looking at this recent chart from Woobull, it seems that nearly all Shitcoins go to 0 at some point.
Only BTC and ETH have survived. Does it make sense to invest in the other coins?
Does it make sense to even try investing in other coins when the returns of Bitcoin and Ethereum have been so good and is safer to invest in thes so-called Crypto Blue Chips?
5 year return of BTC when DCA (Dollar cost averaging) each month:
Its still not too late to lock in good returns from BTC.
1 year return of BTC when DCA'ing into it:
Crypto Portfolio: Month 1
I am going to invest into Bitcoin and Ethereum using a DCA Strategy. This strategy seems to have performed the best in the past, but will it continue to perform as well in the future? Let's find out.
I've made my first investment in crypto and the coins i've invested in are Bitcoin and Ethereum. The "Crypto Blue Chips". Fees were around 1,5%.
I have decided to invest each month:
€100 in Bitcoin
€100 in Ethereum
Crypto is a risky investment, so i start small and only risk what will not damage my overall portfolio if it failes. 50% in each of the two Crypto heavy weights. Will Ethereum outperform Bitcoin? There is alot of talk about use cases for ETH in the Metaverse and other projects and the flipping of Bitcoin that may happen.
Does it make sense to invest in Crypto at all? What about all the risks? It could be banned or over-regulated. What if it goes to 0 like many of the Shitcoins!? We will find out.
You can see and follow my portfolio with Coingecko
Key Takeaways:
- Investing in Bitcoin the last 5 years was very, very profitable.
- Investing in the last year also saw super returns.
- The simplest way to invest in Bitcoin is DCA.
- Crypto is extermely volatile, be aware of possible -50% daily or yearly moves.
- Most Altcoins have gone to 0 and usually very quickly.
What do you think?
Is a diversified crypto portfolio better or just stick to Bitcoin and Ethereum?
What Altcoins would you add to the portfolio and why?
Let me know in the comments.
