If you have a handful that you can manage, then it is easier. It is all about emotional control. Like they say, when the sun is out, one can looks cool with his shade on. It is when storms and blizzards come, that is the real test of a trader. Do you suffer from anxiety, fear and sabotage your own account ?
Haha, I have been there and I can tell you is no fun especially when you thought you are ready and pump in real money into your accounts. After a period of no loss , you think you are a STAR, a player of sort and you become arrogant. Don't be like me, learnt from my bad mistakes.
It depends on your strategy, risk management and objectives, really.
For eg. I trade XRPUSD as I discovered I was late into Bitcoin after it went ballistic towards 15000 level. I still like bitcoin but reduce my exposure.
FYI, I do not hold for long term as in buy and hold/forget due to its volatility and I am uncertain about its future.
So, short term trading suits me better.
Next, the CFD brokers are important , I am using IG here in SG where they have only 3 pairs, BCHUSD, BTCUSD and ETHUSD. So, I have to find other brokers to complement.
Are you trading CFD or buying directly from the exchange? And if the latter, which one ?
I am buying straight from an exchange, Bittrex is the one I use. It is pretty simple to use, and I haven't come across anything I do not like in regards to it. At the moment, I am trading about 6 alt coins. SC, XDN, XVG,NAV, PAY, RDD. (PAY hasn't been good to me recently lol)
CFD is much straight forward, much like forex which I have been trading. What I observe is there is no broker that offers all cryptocurrencies CFD, some here some there which makes it troublesome to have so many brokers.
Technically, I am not competent on cryptocurrencies and its usage. I merely rely on my charting skills to tell me what to do - buy, sell or wait.
Best of luck to you !
Thanks for sharing! Good luck to you as well!