Twenty cryptocurrencies that could make up a portfolio dedicated to moonshotsDesign vector created by macrovector \u2014 www.freepik.comAbout your author: CryptoQuestion is an independent platform providing free resources for cryptocurrency investors. From an on-demand Q&A service to online courses, from books to our Micro Cap Watch List. Visit us at www.cryptoquestion.techIf the traditional investment community thought that investing in bitcoin was risky wait until they discover the cryptocurrency moonshot. Moonshots are cryptocurrencies that have the potential to multiply in value. However, there is a simple but underutilized way to reduce the extraordinarily high risk of investing in moonshots whilst still allowing you to participate in the moonshot craze without losing your proverbial shirt. No longer do you have to base your buying decision solely on a quick scan of Reddit\u2019s Satoshistreetbets.We recommend creating a portfolio of moonshots. The portfolio we are suggesting will consist of a selection of alternative cryptocurrencies, or altcoins, which we believe offer exceptional value. By building a portfolio of cryptocurrencies, you are immediately reducing your risk.Let\u2019s take an example of a fictional but realistic scenario. Mr. Smith has recently acquired a portfolio of 10 moonshots. Unfortunately, but inevitably 5 or more of these are likely to fail, 3 will break even, and 1 or 2 will produce a return of 10X. If Mr. Smith acquired his small portfolio for a total of $100, then all he needs is for 1 coin to increase by 10X, and he has broken even, assuming the other cryptocurrencies go to zero, an unlikely scenario. If 2 or more of his prized coins increase by 10X, his portfolio will double in value. Obviously, this is all theoretical, and Mr. Smith could well lose all his money. We shouldn\u2019t delude ourselves, investing in moonshots is similar to gambling but with the odds stacked\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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