Hi, everyone. I'm brand new here (first post), and happy to be a part of this vibrant community!

Let me start off by saying that I'm one of those guys who's guilty of getting caught up in the recent crytocurrency hype. I admit that I'm just another Johnny-come-lately bandwagon jumper. In fact, until about a month ago, I had never heard of any cryptocurrency beside Bitcoin, Ethereum, Litecoin and Ripple.

But, since then, I've done a lot of reading, and educated myself about this market. I had long been successful with stocks and bonds, so I was familiar with the principles of investing. This allowed me the confidence to investigate this new, alternative market. So, about 2 weeks ago, I finally took the plunge and started putting money into several cryptocurrencies until I had built this little portfolio:

Bitcoin
Ethereum
Ripple
NEM
Digibyte
Monero
Golem
Sequence
Verge
Factom
Bitshares
Burst
BitBay
Reddcoin
Steem
DogeCoin
Stratis
MoonCoin

Several days ago, as I pondered my holdings, I came up with an idea. Instead of trying to play the risky game of picking winners and losers, why not simply invest $100 into each of the top, say, 50 crytocurrencies? After all, this indexing strategy works well in the stock market, so why wouldn't it work with cryptos?

But, then I started to think. It's easy to index with stocks. You can simply purchase a fund that automatically allocates your money among many companies. No such vehicle exists in the cryptocurrency market. I would have to do this manually. This would be tedious and time-consuming. And, it would be problematic when trying to store my money in a digital wallet. I may also face issues when I finally cash out (correct me if I'm wrong). As it is right now, I feel a little overwhelmed with my 18 cryptos, let alone 50.

There is also another issue. The stock market is very stable compared with the altcoin market. If you invest in the top 50 companies in the stock market, you can be reasonably sure that those companies will still exist 5 years from now. That cannot be said of the altcoin market. It's probable that most, or even all of the top 50 crypto companies would be displaced by other companies, or even become extinct, in 5 years.
Now, I know that I already have skin in the game, so I can still lose my shirt. But, I want to discuss this idea before I invest additional money and purchase more cryptos

So, I guess my question are:

(1) Do you think it's a good play to create a small index fund of cryptos? I mean, I already have a mini index fund as it is, so why not take the next logical step and simply hold the market?

(2) If so, do you think holding so many cryptos will present a logistical problem in terms of safeguarding and eventually cashing them out?