All my money in 1 altcoin - Too risky? - page 64.

Rose119

full member

Activity: 502

Merit: 100

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

Honestly, yes its too risky to put all your money in one altcoin because it can may be lost.
You should try to invest in other coin that really give you a good profit. Just do a research and think carefully before invest.

gordonsam32

newbie

Activity: 107

Merit: 0

Honestly, I don't even put all my money in one Big Cap coin or stock. Risks need to be avoided or minimized at all costs no matter how 'trustworthy' and solid a certain company or coin is.

Ckjnow

jr. member

Activity: 70

Merit: 1

Never put all your eggs in one basket. Shocked

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: revo1044 on January 03, 2018, 07:09:06 AM

yes i think its too risky to invest all your money in one altcoins , For this will diminish your opportunity to profit you should have at least 5 altcoins and hold it when one of them go x5 .

Sometimes risk takers got a lots of profits if they really understand how the investment works, if you think that the said alt will be successful and you are willing to wait then it's up to you, it is your money and your decision though, I'm sure most of us do have different position regarding to this and the better way to decide is to understand how will you take the end result, if losing would be okay with you then go for it and invest everything but if not, then divert some of your money to other alts.

Zicadis

legendary

Activity: 1386

Merit: 1027

Dump it!!!

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

For 500 dollars its okay to go all in just don't dump your coins if you are investing in an ICO as prices tend to go up once the hit an exchange which should pay back the investment and do limit your self to a list which does not always reflect the best projects on the market

Quote

Should I invest in 2 or 3 coins instead?

For the sake of playing it safe...YES!!

revo1044

sr. member

Activity: 305

Merit: 250

yes i think its too risky to invest all your money in one altcoins , For this will diminish your opportunity to profit you should have at least 5 altcoins and hold it when one of them go x5 .

makawa

member

Activity: 222

Merit: 10

at risk is certainly yes, but if you are brave and sure then it's not a problem. What matters can wait for one coin you have it could rise higher and do not produce losses for you.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: klien_br on December 28, 2017, 11:39:07 AM

my opinion, better to put all your money on Neo
better future

Neo generates gas, Neo/ gas Claim its only clicking a button in a neon Wallet for Example.

https://neo.org/download
reddit.com/r/NEO/

NEO already pumped and while the profits you can get are good enough it is going to be nothing compared to what other people got so it is better to look for another promising projects that can give you more profits, now investing in a single project may be risky but that is irrelevant if you are able to select the right coin to invest.

JamesIV

full member

Activity: 238

Merit: 100

Live Stars - Adult Streaming Platform

If you hold a good coin you can sleep well. I do the same thing like you last year. invest all my money into stellar and now I have a good profit

OrangeII

hero member

Activity: 2072

Merit: 503

based on my experience, it would be very detrimental if the altcoin is down in a very distant percentage. maybe on the other hand, the profits you get will be really big, but, of course the risk is huge. I suggest to do this, when you really get good information about the coin.

smith136

full member

Activity: 266

Merit: 100

worth the risk if you put that in a sure altcoin like eth and waves but that's too risky if you are investing all of it into a not popular altcoin with the potential and higher probability to multiply its price, the higher the risk the higher the return, but a normal thinking trader will not invest all his money in 1 altcoin because they are still looking forward to the future that they can secure a money for themselves rather than hoping for a sheer luck.

martinholly167

sr. member

Activity: 658

Merit: 250

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

Its a very high risk, but you can get a very high reward for it.
You can cope with the risk by doing a thorough research.

Valdoora

newbie

Activity: 61

Merit: 0

Definitely, very risky. However, I am also proud of your belief in investing. Just like other members, I advise you to invest more than 1 coin. Eg Bitcoin and Alt.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: Cart on December 29, 2017, 10:09:06 AM

Never put all your eggs in one basket. If it fails or drops 80% it will lose all your funds.

This is the hardest part on which you would really have a hard time to recover since you have invested or go all in on 1 coin which its indeed really very risky. If you decision and the price do go on what you expected then it would really also be a rewarding thing because we do all know the higher the risk the higher the profits but when price goes opposite then expect the reverse thing.

ice18

hero member

Activity: 2492

Merit: 542

I suggest divide your investment into 2-4 altcoins we can never expect how volatile prices everyday if you focus on only 1 coins maybe if price will decline and took long to recover its a big loss for your investment.

angohanta

member

Activity: 120

Merit: 10

obiovusly it is. As the old saying goes, "dont put all your eggs in one basket." when you drop that basket, you know what happens XD What you can do however to limit risky investment is by joining early projects that have airdrops. I recently joined Semux - https://bitcointalksearch.org/topic/annsem-semux-official-thread-2159012, looks like a pretty good project to start with.

ANyway, always diversify bruh, and keep some BTC's! it is truly the king of crypto. When that guys moves (BTC) alts will surely bleed again.

Cart

sr. member

Activity: 378

Merit: 250

Never put all your eggs in one basket. If it fails or drops 80% it will lose all your funds.

AndrewBoltz

newbie

Activity: 80

Merit: 0

Yes, I think in investing there should always be a back-up plan. In investing you will not always be winning, so better have other options just in case the plan didn't worked.

okissabam

sr. member

Activity: 700

Merit: 250

Putting all eggs in one basket is risky indeed, I wouldn't do that if I were you because you might regret it one day. Try putting your money in around 3-4 coins first since your capital is just around $500. At least if one coin goes up, there would be a possibility the other one would dump and at least you won't be on loss.

AndrewBoltz

newbie

Activity: 80

Merit: 0

Quote from: proexcept on December 29, 2017, 07:49:43 AM

All the alts are becoming more expensive, and if you have chosen a reliable project, then you will make a profit. But if you chose a few coins, this would give you more profit and a lower risk.

Correct, choosing few coins can lessen the risk on investment. At least if one fails, you have other options. Since investment on cryptocurrency is very risky.

Topic: All my money in 1 altcoin - Too risky? - page 64. (Read 7721 times)