All my money in 1 altcoin - Too risky? - page 17.

deodecagone

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Quote from: Gamakazzu on December 25, 2017, 11:41:00 AM

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

I find that you have risky you have to spend all your money on a coin, you will be addicted to the coin, you should invest more diversified to reduce the risk for you. All your money in 1 altcoin - Too risky

coinporch

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Quote from: piter_wip12592 on August 01, 2018, 06:51:27 PM

I do not think that . The fact that you invest in a coin will make it easy to track down the coin level. When you watch the movement of this coin will give you a better view when investing.

thats the advantages if we only invest in 1 altcoins my friend
but, the risk is much higher, thats the real fact

Ribbitforum

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i SUGGEST TO Invest your money to any top 10 COIN on Coinmarketcap

piter_wip12592

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I do not think that . The fact that you invest in a coin will make it easy to track down the coin level. When you watch the movement of this coin will give you a better view when investing.

Enzo05

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Quote from: Gamakazzu on December 25, 2017, 11:41:00 AM

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

In my opinion it is so risk to go all in . If I have a $500 only I will invest in 2 altcoins and probably also in top 40 so in that way even the other is down the other may be up or much better both .

bandungan

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Quote from: masterzino on August 01, 2018, 06:12:13 PM

Quote from: makuny on August 01, 2018, 05:25:09 PM

Never put all your eggs in one basket. It's risky. Better split your investment in several altcoins. For example buy bitcoin, ethereum and after some altcoins what you want

You are right, this is the wise move, but they never listen. They find a coin read some srticle that says this is the new Bitcoin, out all the money in something that is $0.01 and expect to see it $1000 in a year. After 6 months the thing just died and everybody is wondering how did this happen and where are my money?
Diversifying reduce the profit, but protect the whole investment.

the incident happened where spending all the money for one coin was not good, and this would be a big risk. so I think we have to look at potential coins and use that to get a large profit.

masterzino

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Quote from: makuny on August 01, 2018, 05:25:09 PM

Never put all your eggs in one basket. It's risky. Better split your investment in several altcoins. For example buy bitcoin, ethereum and after some altcoins what you want

You are right, this is the wise move, but they never listen. They find a coin read some srticle that says this is the new Bitcoin, out all the money in something that is $0.01 and expect to see it $1000 in a year. After 6 months the thing just died and everybody is wondering how did this happen and where are my money?
Diversifying reduce the profit, but protect the whole investment.

makuny

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Never put all your eggs in one basket. It's risky. Better split your investment in several altcoins. For example buy bitcoin, ethereum and after some altcoins what you want

ooeygooeygold

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Quote from: Marcel666 on August 01, 2018, 04:35:04 PM

It is quite risky going all in on one altcoin, it can be worth it if you make the right decision in your selection.
I progressing to diversify my assets, so the (potential) profits could cover for the (possible) losses in another.

Investing all the money into an altcoin is extremely risky because in this market anything can happen and after one night all the money you have will disappear if you invest in bad coins. Use the division of funds into two to three types of coins including Bitcoin to secure your property because it is quite safe and effective.

JoeBriggs

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If it's the coin which did not start only a few days before and it's Ethereum/Ripple/TRON/NEO/EOS or something else in Top 20 on CMC, it should be certain you will get profit in the next few months, so it's not a bad strategy at all.

steinkopf

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I think this is a big risk. I never do this, because it can lead me to the fact that for a long time I will freeze my capital in one single coin. This is very bad for those people who constantly trade.

Marcel666

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It is quite risky going all in on one altcoin, it can be worth it if you make the right decision in your selection.
I progressing to diversify my assets, so the (potential) profits could cover for the (possible) losses in another.

MrFeasible

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Quote from: Gamakazzu on December 25, 2017, 11:41:00 AM

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

Very, very bold. I've been burned in the past by a project that seems to tick all the boxes, but turns out to be garbage. Moral of the story is - always diversify!

IFK

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You probably realized that such a strategy is really very dangerous. At the moment, the entire market goes down, and if you invest only in one coin, you can get big losses.

palermofc

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If you invest a little money and want fast profit, you can do it with a coin that you trust. But it's still too risky.

Luigi21

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Yes, I think that is too risky to put all your money in 1 altcoin, you have to split your money purchasing different coin, obviously you haven't to full you of a lot of coins but I think that 5/10 coins are the right amount

YoungMaster

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With the amount of $500 on your hand I think you should divide it to buy other altcoins, because that is all to minimize the risk if one of your coins is on a loss.

georgereyes

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As long as its not XVG Grin

Severne

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Its too and too risky all money in 1 altcoin. You should split your money to altcoin bitcoin and ethereum.

OnnoTunes

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Quote from: Gamakazzu on December 25, 2017, 11:41:00 AM

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

Try more than one coin to invest in. It's very risky to put all in one. You can lose half of it in couple of hours.

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