Topic: All my money in 1 altcoin - Too risky? - page 13. (Read 7721 times)
All the money in one cryptocurrency is definitely a mistake. It's like betting on red or black at a roulette casino. You take a big risk. I advise you to refrain from this strategy. Better buy different cryptocurrencies and keep an eye on the growth/fall rates, so less risk.
Yes it's too risky to put all money in just one coin, you can loose it all within a blink of an eye, the best thing to do is just to diversify your portfolio
Nobody tests the depth of a river with both legs, No financial adviser will tell you to dip in with all you have into a single investment. Crypto investment on it's own is a very high risk one, then investing in a singe crypto is more deadly, the chances are always 50 50..
Yes.. It's so risky. I will split and allocated in 5 altcoins. Because we don't know the altcoin where you invest is good or not.
Depends how much $500 bucks means to you.
No way Jose . Don’t fall in love with just one project spread out your investments you never know what couls happen to that single coin . Find the best projects you did a research on 5 coins and invest 200$ on each and wait and see what happens
Come on, to find these best 5 coins on the market, you need to analyse and research thousands of them! Not so easy, as it can make you mad, so it's OK to start with one coin and then to add something else to your portfolio. I guess most of as started with BTC as our first coin.
Even 5 altcoins will be not enough for the person who is going to trade or who wants to get more profits. I hold about 16 tokens and Bitcoin. Pay attention to Komodo, Ontology, Cardano.
Ontology still not bad.
Anyway at this moment investing just to one altcoin isn't risky. This is pure suicide.
The risk is a bit bigger, but I don't think it's a big problem. I reckon the investment strategy with less capital and sufficient funds is different. So i dont suggest to diversify investment when the capital you use to invest only a little bit.
No way Jose . Don’t fall in love with just one project spread out your investments you never know what couls happen to that single coin . Find the best projects you did a research on 5 coins and invest 200$ on each and wait and see what happens
Come on, to find these best 5 coins on the market, you need to analyse and research thousands of them! Not so easy, as it can make you mad, so it's OK to start with one coin and then to add something else to your portfolio. I guess most of as started with BTC as our first coin.
Even 5 altcoins will be not enough for the person who is going to trade or who wants to get more profits. I hold about 16 tokens and Bitcoin. Pay attention to Komodo, Ontology, Cardano.
It is better to invest in 10 different cryptocurrencies than in one, so there will be a much greater chance that several cryptocurrencies will grow in price than one.
Ofcourse it is so risky. When you invest in one variety of altcoin, you have so tiny chance to earn money from it. If you invest in more than one company, you have better chanse to win.
in this market yes it is very risky to put all of your money in one altcoin because no matter the current market cap of the coin an instantaneous decrease in value is always a possibility so yeah spread in your investment is a better option
it seems like it's too dangerous and you won't be able to enjoy the benefits you can get from having another altcoin and the risk of getting stuck will be very high.
Hi,
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.
But i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk by doing so? Should I invest in 2 or 3 coins instead?
Thanks
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.
But i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk by doing so? Should I invest in 2 or 3 coins instead?
Thanks
Even if it is a small amount you should invest it in at least 2 or three coins and do not only rely on your profit in one coin, in fact my small investment last month is only $50 from two coins but I still manage to get a profit from my small investment, so however small you need to spread it.
in my opinion it doesn't matter if the coin that you are investing is a good coin, I also prefer 1 coin for an investment place that is ethereum, the risk is just focusing on the coin and not getting a big profit.
Hi,
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.
But i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk by doing so? Should I invest in 2 or 3 coins instead?
Thanks
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.
But i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk by doing so? Should I invest in 2 or 3 coins instead?
Thanks
Investing in only one project with your current fiat certainly is risky. You may end up losing your entire investment capital. And this scenario is without a doubt you do not want to happen. So why not diversify? Diversifying can actually minimize this risk and can indeed acquire you a huge profit in long term investing.
yes its too risky,, its best to invest to multiple altcoin
You can invest in one coin, then it should be top with high capitalization, for example Bitcoin. But it will be more effective to divide your portfolio into several coins, because often altcoins bring higher profits.
I think you shouldnt invest all in one coin its too risky. You should spread your money to different coins and top coins. Ethereum bitcoin ltc are the top coins that should be created %40 of your portfolio. These are best safe choices. Your way is too risky.
It is a very big risk to keep all the money in just one coin. But sometimes this risk can be justified and you will get a big profit. If you know how to choose coins that will grow soon, you can invest in one coin. As an investor I don't recommend to act this way
Keep all the money in one cryptocurrency - of course risky, it is better to invest in different currencies. Especially in the market of cryptocurrencies from very much and where one currency can sink, another will give a big profit.
in any case, the investment should be in several coins, but in order to reduce the risk of losing your funds, you should choose those coins that are in the top two dozen of the coin market rating. Jump to: