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Topic: How safe is it to put everything in one cryptocurrency? - page 13. (Read 3727 times)

jr. member
Activity: 406
Merit: 3
I think to reduce the risks you need to distribute money to 4-5 cryptocurrencies. But still looking at how much you invest.
full member
Activity: 476
Merit: 100
I think it can be profitable, but also very risky. Advantageously, if the price rises on this coin, then immediately make a profit, it is risky - if, on the contrary, the price falls, and you can lose all your investments.
member
Activity: 560
Merit: 15
$100k per 1 BTC in Year 2020
Everything? bro! it's a bad idea to put everything on cryptocurrency because we all know that cryptocurrency is very risky, but if you really believe in a certain project and you feel that your investment is worth it go for it but I suggest not everything just 90% is ok
full member
Activity: 448
Merit: 100
When investing, it is always safer to invest in as many different places as possible. If you only invest in a crypto money, you may lose all the money you have. Try to make different investments Smiley
sr. member
Activity: 882
Merit: 250
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?

It is not safe to keep all cryptocurrency in one coin. Dependending on one coin is very risky and non-profitable. Much better when Bitcoin grows and your other 20 coins with it, so you scream with happiness.
member
Activity: 308
Merit: 10
If you have learned enough about certain cryptocurrency and you feel you know it well, then it's better to invest in the one you believe in. But if you don't know much about the difference between coins, it would be better to keep a small amount of different coins in your portfolio.
jr. member
Activity: 672
Merit: 1
My personal strategy is not yo out my eggs in one baskets. I would rather spread my investment knowing that there is no certainty as to which will fo fantastic and which would fail.
full member
Activity: 952
Merit: 107
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?

Well, for me I think do not put all of your investment in one, you need to divide it so that if one investment did not succed at least you have another to continue earning and you can not be broke. Most people think that if you invest all of your money it will immediately pay you back but its not still there has a risk so you better think some strategy to do it.
Diversifying investment is most advisable for more chances of gaining than losing but you have to make sure that you choose the potential coin on the market which is good on trading or even long term holding, that will reduce the risk. Putting in one coin takes high risk, dont do that because the more you want immediate profit sometimes fail and make you lose more.
copper member
Activity: 97
Merit: 5
in my opinion do not put all existing funds into one cryptocurrency because is very risky so just try to divide it into several altcoin to reduce the risk, but if you are sure 100% that altcoin is the best I think it doesn't hurt to play all in even though high risk but you will get a big profit, so the decision is in your hands
full member
Activity: 644
Merit: 100
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?

Well, for me I think do not put all of your investment in one, you need to divide it so that if one investment did not succed at least you have another to continue earning and you can not be broke. Most people think that if you invest all of your money it will immediately pay you back but its not still there has a risk so you better think some strategy to do it.
newbie
Activity: 28
Merit: 0
it may be possible if, for a short time, but it is better to buy a few coins if you want to hold for a long time.
full member
Activity: 854
Merit: 100
I strongly believe in diversification so I would diversify my investments. Profits may be very small but it is mostly better than depending on one or two coins/tokens. Diversifying one’s investments reduces the risk.
jr. member
Activity: 266
Merit: 2
This is one of the worst mistakes anyone can make. It is certainly not advisable to lump all your holdings into one crypto asset. Just like with every investment in life, no sensible investor will want his/her funds tied down when they can easily use the same funds for other businesses. As a trader, it is advisable to diversify your portfolio with the intentions of cashing in should any of your investments yield reasonable amount.
member
Activity: 270
Merit: 10
Its safe to put everything on bitcoin or ethereum, but that's not the point. Im not saying you should go FOMO but that way you will really miss many good investment opportunities. I wouldnt like to shill, but definitely would diversify in Iota, xrp, xrm, zec, eos, 0x, Pundix not to be safe, more to not miss opportunity.
jr. member
Activity: 552
Merit: 1
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?

It actually depends on what you meant by putting all your money, do you mean your life savings? Or just putting a certain amount of your lifes savings to one or two cryptocurrencies? If its the latter then there is nothing wrong all you need to do is to research very extensively on the said coin before investing. But as for me i am a man of diverse portfolio so i believe in investing on multiple coins than putting all my eggs in one basket or two.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
Yes it is safe to put your money with 1-2 cryptocurrency.

This is even profitable if those coins are bitcoin, Ethereum or any coin that's on the top. I'll choose to have a little holding with these coins than to diversify it with useless coins.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
That’s right it’s never safe to go all in on one coin it’s better to diversify portfolio. But it’s youre choice as long as you know what you are doing but always think how big the risk is. Dividing investment is always the best choice because the risk will be minimize.
member
Activity: 406
Merit: 10
An old saying goes: never lay your eggs in one basket. Therefore, the best strategy is the diversification of investments. Of course you can and should keep more money in those cryptos that you trust, but investing in a single crypto is very risky, just like investing in the crypto market and in no other market.
hero member
Activity: 1498
Merit: 506
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
I think it’s never worth to keep your everything into one crypto currency as we all should know that these crypto currencies are still decentralised one and thus there is no proper authentic regulating body over these crypto currencies so you are the biggest foolish if you are relying 💯 on these crypto currencies as governments can illegalise them anytime so it is never be so wise to invest your everything into one crypto currency if you want to invest then wait for to get centralised all over the world.
full member
Activity: 462
Merit: 104
99% of the time, I would say no.
I'm not saying 100% because there are always exceptions to things.

since investment isn't so cut and dry, it takes a diverse range of assets (all rising and falling in value) to come ahead in the long term.
The same goes for crypto, especially since the market is so volatile.
There are many who dream of making one big trade and being able to retire, this just does not reflect reality.

I suppose though, that if you would choose just one to invest in, it would actually be good ol' plain BTC.
the reason is simple, it is the only coin that you can readily liquidate (meaning sell it for cash).
In fact, when you think about it, isn't the whole goal just to get more btc?
Until another coin is just as easily liquidible (eth is getting there) there isn't any other option.

I also hold a few coins, but everything is near the BTC to quickly exchange and liquidate. Cryptocurrency isn't only very volatile, it can be easily stolen by fraudsters. Therefore, I can't risk it to put all the money in one basket.
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