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I’ll Fix Your Cryptocurrency Portfolio: Reviewing 40 Altcoins vs Bitcoin, Ethereum, Solana, and ICP!

Jerry Banfield Crypto
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Title: Fixing Your Crypto Portfolio: A Comprehensive Review of 42 Cryptocurrencies

Introduction:
In this article, we will review 42 cryptocurrencies that were requested by a member of a crypto coaching community. By analyzing each crypto in their portfolio, we aim to provide valuable insights and recommendations to help you optimize your own crypto portfolio. With nine years of experience in the crypto space, we will share our opinions based on historical data and market trends. It is important to note that while we provide recommendations, the final decision lies with you as the creator of your own universe.

The Reality of Altcoins:
Before diving into the individual cryptocurrencies, it is crucial to understand the reality of altcoins. Historical data shows that the average top 2000 crypto from five years ago has lost 56% of its value. While there have been a few outliers that have performed well, the majority of altcoins have not been profitable in the long run. In contrast, Bitcoin has consistently outperformed most altcoins, making it a reliable investment option. Therefore, it is essential to approach altcoin investing with caution and focus on low-risk, high-reward opportunities.

Recommendations for Your Portfolio:

1. Bitcoin (BTC):
Bitcoin has proven to be a reliable investment over the years, with the potential for significant gains. We recommend holding onto Bitcoin indefinitely, as it has the most brand recognition and is the first crypto most people buy.

2. Ethereum (ETH):
If you have at least 32 Ethereum, we recommend staking it to earn returns. However, be cautious of liquid staking services that require you to give up custody of your Ethereum. If you don’t have 32 Ethereum, consider holding onto it until you reach that threshold.

3. Cardano (ADA):
While we recommend selling Cardano due to its lack of significant technological advantages over Ethereum, if you have absolute conviction in its potential, consider staking it and holding for the long term.

4. XRP:
We recommend selling XRP due to its uncertain future and lack of compelling data to support its long-term success.

5. Cosmos (ATOM):
While the technology behind Cosmos is impressive, the token itself does not offer significant value. We recommend selling ATOM.

6. Chainlink (LINK):
ERC20 tokens like Chainlink have not performed well in the long run. Additionally, the emergence of other oracles, such as Internet Computer, reduces the need for Chainlink. We recommend selling LINK.

7. Badger (BADGER):
The branding of Badger may be amusing, but it lacks a clear value proposition. We recommend selling BADGER.

8. Polkadot (DOT):
While the technology behind Polkadot is promising, the lack of user adoption makes it a less attractive investment option. We recommend selling DOT.

9. Algorand (ALGO):
Despite the hype surrounding Algorand, its tokenomics and user adoption are underwhelming compared to its competitors. We recommend selling ALGO.

10. Solana (SOL):
Solana has emerged as a strong contender in the third-generation blockchain space. With a significant number of active users and developer support, we recommend stacking and holding SOL.

11. Internet Computer Protocol (ICP):
ICP offers breakthrough technology and has the potential to revolutionize the blockchain industry. We recommend holding ICP and staking it to keep up with inflation.

12. Matic (MATIC):
Matic’s daily active users and partnerships are impressive, but its high transaction costs and ERC20 token status pose challenges. We recommend further research and consideration before deciding to stake or sell MATIC.

13. Avalanche (AVAX):
Avalanche is another strong contender in the third-generation blockchain space. While its tokenomics may limit its price potential, we recommend staking AVAX for potential returns.

14. Zen (ZEN):
Zen is a complex cryptocurrency with different versions on various chains. We recommend minting Zen on different chains and either staking or selling it based on your risk appetite.

15. Gala (GALA):
Gala’s gaming industry presence is weak, and its token relaunch raises concerns. We recommend selling GALA.

16. Vechain (VET):
Vechain’s enterprise use cases and user adoption are limited. We recommend selling VET.

Conclusion:
In summary, it is crucial to approach altcoin investing with caution, considering historical data and market trends. While some altcoins may experience short-term pumps, the long-term potential of Bitcoin and Ethereum outweighs the risks associated with most altcoins. We recommend focusing on low-risk, high-reward investments and staying informed about the latest developments in the crypto space.

Frequently Asked Questions (FAQs):

1. Should I invest in altcoins or stick to Bitcoin and Ethereum?
While altcoins may offer short-term gains, historical data shows that the majority of altcoins underperform Bitcoin and Ethereum in the long run. It is recommended to focus on Bitcoin and Ethereum for a more reliable investment strategy.

2. What are the key factors to consider when evaluating altcoins?
When evaluating altcoins, consider factors such as technology, user adoption, partnerships, tokenomics, and competition. Look for projects with breakthrough technology, a strong user base, and a clear value proposition.

3. How can I mitigate the risks associated with altcoin investing?
To mitigate risks, diversify your portfolio, conduct thorough research, and stay updated with the latest news and developments in the crypto space. Additionally, consider investing in established cryptocurrencies like Bitcoin and Ethereum, which have proven track records.

4. Should I stake my altcoins?
Staking altcoins can be a way to earn passive income. However, it is essential to research the staking process, tokenomics, and potential risks associated with each specific altcoin before deciding to stake.

5. Is it advisable to invest in meme coins like Shiba Inu?
Meme coins like Shiba Inu are highly speculative and often driven by hype. While some investors may have made significant gains, the long-term prospects of meme coins are uncertain. It is recommended to focus on projects with solid fundamentals and real-world use cases.

Note: The recommendations provided in this article are based on the author’s opinions and research. It is essential to conduct your own due diligence and consult with a financial advisor before making any investment decisions.

Tags adaalgorandaltcoinsbitcoinbtccryptocryptocurrencyethEthereumFilecoinfinancegalahbarinvestinglinkmaticmoneyoptimismpolkadotPortfolioShiba Inusolanaxrp
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40 Comments

  3. 9 years ago, you could have bought 100 bitcoin at $200 and then spent your time learning new languages, painting, making music, etc.. good to see you are shitcoining less. Keep doing better. 🙏🏻

  4. Great content and I thank you for breaking it down!! Despite the unstable crypto market, I’m still Glad 😊I can smile back at my portfolio of $82,700 made from my $6k weekly trade within a short period.

  7. LOL Jezza bumfield is at it again telling you to dump gala and stake eth. It's like your aunt telling you to dump your model girlfriend for a moderately attractive girl with bad breathe. Keep dropping the vids Jezza, as I said I'm here for the comments lol

  9. … Apprezzo molto la dedizione in ogni video che pubblichi. Nonostante il calo delle criptovalute, ti ringrazio ancora per i consigli finanziari equilibrati. Ho iniziato a investire in criptovalute con $ 4.345 e da quando ti seguo da alcune settimane, ho ottenuto $ 18.539 nel mio portafoglio. Grazie mille signora rose morgan…..

  10. I'm only 5 minutes into your video and it's awesome already, great information, good insight. I'm going to follow it. I appreciate it and I'm going to continue to listen. 👍🏼

  11. I like your philosophy. I know that Bitcoin and Ethereum are the two best projects So, Why not put most of your money there. My plan was/is to put $100 in ALT Coins, make $1,000 & put that money into BTC & ETH. My Question to you is, On Coinbase, DOT Earns 9.77% APY,
    And Cosmos Earns 16.39% APY, isn't that worth buying it? What do you think? Thank you for your Analysis, I greatly appreciate it and I will look closer at what I'm doing and fix it. 👍🏼💰

  16. He just shill his coins which he invested last bull run that's why he is shilling solana which is dead so all the new fundamentally strong layer1 he want to degrade.

  18. What cracks me up is he is all for wef coins like Icp who wants to create a new net where they’re centralized like solana which is 100% centralized and shitty. And yet he’s pushing just those 2. Look into who runs icp. Microsoft ibm Apple. Ur a Yeah centralize btc us so stupid. U have no idea why crypto was created in the first place. It’s not a stock go back to tradfi

  21. The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back

  22. Great video.
    Something you rarely see from others in this space are them buying coins and their portfolio.
    Everyone wants to talk about 10x and 100x, but they never talk about their own personal stake.

    This shows two things IMO:
    You put your own money where you mouth is
    and
    How dedicated you are to the endeavour

  23. ICP is in the toilet and NO VOLUME, no one wnats it ! And SOL has major security concerns and seems raod map in shambles. AVAX seems to be adoped by major companies…but dillution is crazy

  27. Wait… Have you confessed (29:20) you made a video saying good things about Gala… to gain views?? Seriously? As an avowed liar, how you still expect anyone to trust or respect you?

    Man, you have 50+ video thumbnails saying you just bought some Altcoin, along with the sentence "I'll be a crypto millionaire soon!". And now you argue that we should all stick to ETH and BTC since almost every Altcoin out there is in fact shitcoin? And yet you criticize Youtube and other youtubers?? Really?

    Gimme a break…

  35. This video is 4 months old, and you now are completely opposed to Ethereum and even more opposed to staking it. In a video from September 17, 2023 you now claim that "Ethereum is the worst thing that has happened to crypto". For someone who claims has been in crypto for 9 years, you sure learned a heck of a lot in the last 4 months. Unbelievable.

  36. Omg, anyone who is supposedly is so smart in crypto as you, why in the world would anyone ever own XRP. XRP is the MOST centralized crypto currency ever created, and they created 100 billion of them, and there is nothing stopping Ripple from creating more in the future. What a moron.

  37. Yep you should say that you need to sell at a certain point. Who keeps his money over several bull markets.

    If you DCA sell your investment during the bull run you would have made way way way much more money by putting money on GALA or QNT or Matic or whatever than on BTC.
    QNT could have x1000 your money while btc x10. That's how you need to explain people. Buy a lot of good altcoins but don't keep them over several bull cycles. As simple as that.

  38. Nobody's using polkadot, did I hear that well?
    This is funny when you know it's the technology with the highest developer activity in the entire industry ! Also, did you see the roadmap chainlink has? Chainlink is the future with RWA.
    Those two are here for the long run but as usual you don't know what you are talking about sorry man but it's true.

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