All my money in 1 altcoin - Too risky? - page 43.

Sahyadri

sr. member

Activity: 744

Merit: 266

Quote from: Gamakazzu on December 25, 2017, 10:41:00 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

Risk? This is an investment blunder.

$500 is enough to diversify among 3-4 coins. Never put all your money in one coin. If that coin goes up it might sounds like a big profit. But this is also the riskiest investment in this highly volatile market. You need to keep risk-reward ratio in your mind. If you liked the project, then go invest 50% of what you have. Put the other 50% in 2-3 other coins.

Mr. Art

full member

Activity: 350

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HiveNet - Distributed Cloud Computing

i think this is not only too risky, but the riskiest investments style
but, if you ready for all the risk, its up to you my friend

h31s3nb3rg

jr. member

Activity: 308

Merit: 2

Quote from: Gamakazzu on December 25, 2017, 10:41:00 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 think you should invest in 2 to 3 coins and not just focus on one coin . That strategy is used by some investors like me , it helps us maximize our investment to earn more profits and to have another option if the other coin didn't work . Focusing in one coin is too risky because you might end up losing everything if the coin you invest with doesn't end well.

jerimarsella

newbie

Activity: 149

Merit: 0

You must dare to have some Altcoin because I think you will have many options when prices fall when the coins. And your income is certainly not just get from one benefit but could be from a few coins. But a nice coin selection was also very decisive against your results.

seymenyunus16

newbie

Activity: 196

Merit: 0

In the name of cryptoland,there is no guarantee that you'll safe all time, the main rule of business specially in altcoin, do not put all of your money into 1 basket,you need to diversify to other basket, cause if you put to 1 basket only, cause if you lose ,will lose all, unlike to diversify your egg into other basket cause its became less risk.

Shingaling

newbie

Activity: 154

Merit: 0

The risk is too big if you all in your money in one altcoin,it is better if you find some other good altcoins to buy besides there are many good altcoins.

Ains_sama

full member

Activity: 608

Merit: 100

don't invest in 1 altcoin, it is very dangerous. you can lose big. invest in some altcoin. because when one of your coins is experiencing falling prices. you still have hope in your other coin. it is a good investment strategy. so as not to lose all your assets. so invest in some coins. although only have a small capital.

masterzino

hero member

Activity: 1218

Merit: 513

I am absolutely against going all in in a single coin. Doesn't matter if it is Bitcoin or Ethereum, for me investing in one coin only is bad business.

jackylion

member

Activity: 308

Merit: 10

Buy, sell and store real cryptocurrencies

Quote from: btcrich2020 on May 30, 2018, 03:55:52 AM

It is very risky to invest in one coin, all we have to do is we have to divert our portfolio into different other potential coins which has the ability to increase when bitcoin price start increasing all other altcoin price start increasing.

Yes, but if investing all in ETH or BTC is safe, I think if we invest in other altcoins it may not be safe, or safe. Your profits are low or you lose money, but if you invest in BTC or ETH, these are the top prestige coins on the market, holding them will never lose you and remember never to ever. expect a price too high compared with the actual situation on the market.

Faust91

newbie

Activity: 182

Merit: 0

Quote from: TimurBit on May 30, 2018, 12:13:10 PM

If you want to earn a lot, then there is only one way out - to invest in ICO. For example, you can pay attention to this project https://bitcointalk.org/index.php?topic=3412464.0http://

An interesting project, I studied it for a few hours. They also launched a bounty program, you do not have to buy tokens, you can earn them.

muniz1988

newbie

Activity: 22

Merit: 0

The ideal is to vary the investment between bitcoin some altcoins and promising icos. Investing everything in just an altcoin can be risky but it can happen to be quite lucrative. If you make the decision to invest in just one alt you must know the project a lot if you have a real use product and the team behind.

TimurBit

jr. member

Activity: 350

Merit: 1

If you want to earn a lot, then there is only one way out - to invest in ICO. For example, you can pay attention to this project https://bitcointalk.org/index.php?topic=3412464.0http://

Conasse

jr. member

Activity: 336

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Culotte Jaune Officielle

Beside Bitcoin, I have only invested in ZenCash and so far I am more than happy. I started to follow the project when the price was about $5, currently about 35$ I think I can say I am doing good, and I think the project very safe to invest in and so far I am not disappointed.

Cmoh

full member

Activity: 420

Merit: 100

This is the foolishness of investing in one Altcoins as there are many opportunities in the market. If invested for TRON in last 5 months only worth of $100 then today you could have to get 40x of value appreciation. But, I say you if you chose only 1 coin then you should invest in Bitcoin or Ethereum.

HeptaCoin

jr. member

Activity: 42

Merit: 1

All your money in ANY coin is risky. First of all you should only invest what you are willing to lose. The crypto market is too new and too unpredictable to afford such risks. Also it's not smart to invest in one coin. You should diverse your portfolio with AT LEAST 3 or 4 different coins to minimize the risks. And one last thing - put at least some money in Bitcoin,Ethereum or Litecoin as they are the most stable coins on the market currently and if anything happens to the other altcoins you have, you will still have something left.

KJMZNine

sr. member

Activity: 504

Merit: 250

I hope you followed one of my first advices and you bought more than one coin, because it is very risky to bet on a single coin. If something goes wrong with this project and you will loose all.. So it is better to buy more thn one coin to multiple your chances for gains!

hckdeface

full member

Activity: 364

Merit: 102

in what altcoin did you focus??? maybe it's risky.. but i think you didnt invest to that altcoin if you dont see any potential and a great future for that coin... so follow you instinct. and believe to success.

Sobol101

full member

Activity: 364

Merit: 100

Well, I think that's not the right decision in this case. Plus you need to take into account many factors that will help you in this case. For example how much money you have, the stability of currency, etc. So I think that it is better not to do.

unusualfacts30

hero member

Activity: 1540

Merit: 500

while reading this thread I realized how some people prefer to divide it in two, some in three and so forth. It's really a personal preference and what you feel safe with, two would give you back up, three would give you more back up. In my personal opinion you should stick with as many as you can trace without feeling burdened. There is no point in adding 10 altcoins if you can't keep up with their updates.

jekanmasin

member

Activity: 240

Merit: 11

Be Positive Always!

first you pick only one altcoin is not wrong. if you think that was the best from all altcoins out there. second you afford to loose the investment as it a gamble double or nothing. third.. make your own research and collect your own data. trust your self.

Topic: All my money in 1 altcoin - Too risky? - page 43. (Read 7741 times)