Owning Every Crypto

By Codeinmy | Digital Mind Fortress | 6 Jun 2021

I am a bit of a collector. If I receive change and I'm given a coin that is unique in someway I immediately think to hoard it. When people travel the only souvenir I want is some new coins or bills. When I broke into the crypto space I began to feel the same.

Collecting some coins make sense. Buying BTC and ETH is a must. Picking up BNB or BUSD can be essential. Buying every new coin is risky. But I've set as my goal to own 100 coins/tokens by 2023. I've outlined a plan below that a person can follow to grow their crypto ownership.

1) Start with the important coins. Buy the lowest risk and most used coins, since they will likely still be around and growing when you reach your goal. Some suggestions might be:
Bitcoin BTC
Ethereum ETH
Litecoin LTC

2) Pick up some popular and unique altcoins. Focus on coins that set themselves apart in new ways. Start with most traded by volume to ensure you're working with fresh cryptos. I suggest trying:
Ripple XRP
Monero XMR
Polkadot DOT
Chiliz CHZ
(Anything but Tron though. I hate self serving sellouts)

3) Grab new altcoins as they are released. Get into farming new coins or just watch for interesting launches and swoop in early. Listing these would be pointless. Just keep your ears open.

It's going to take time to wisely pick out crypto for your collection. Set a goal, follow a plan, and soon you'll be on the path to success.

One last note: I suggest sticking to things you understand. Do your research and make sure you believe in your purchase. If you're buying it just for the hype you're more likely to second guess and want to cash out.

Read my next update to follow my progress. Comments welcome!

How do you rate this article?


Digital Mind Fortress
Digital Mind Fortress

Repository for financial ideas and analysis

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.