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Topic: How safe is it to put everything in one cryptocurrency? - page 14. (Read 3727 times)

member
Activity: 476
Merit: 41
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.
member
Activity: 308
Merit: 10
I would love to wish you well but that will be that will be the worse wish anyone not even my enemy,that is the most terrible idea i have ever heard,finally it spread it into different cryptocurrencies and watch it and make your benefits
member
Activity: 406
Merit: 10
If we are in a bearish market it is safe to have your funds in BTC as it is the most dominant and trusted coin during tough market
conditions. If we are in a rising market you can spread your coins in different but potential  ones in order to gain higher profit.
full member
Activity: 658
Merit: 100
this is a very old advice don't put all of your egg in the same basket unless you can easily accept the loss of everything personally I hold between 3 to 5 project for the long-term
jr. member
Activity: 199
Merit: 1
It is irrational for an investor to put everything in one cryptocurrency. By sharing the investment among more than one cryptocurrencies could probably cushion the effect if there is a loss from one. It is very risky to invest in only one, the probability is 0.5, it could be gain or loss. To be on a safer side, it should be more than one.
member
Activity: 350
Merit: 10
Putting all the money in one basket is not logical, you need to diversify your portfolio in order not to be left out.
full member
Activity: 364
Merit: 100
Justice as a Service Infrastructure
I believe that buying  only one cryptocurrency is completely unreliable. Maybe it will shot, but rather you lose
jr. member
Activity: 316
Merit: 3
quarkchain.io
Absolutely stupid, keep all savings in one token! Of course, if this is not IOTEX. At IOTEX, I would keep all my savings!
member
Activity: 196
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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, if we follow the common sense we will remember that it's better to divide. in case you have enough money to live on and enough money to lose you can try to invest in just one  Wink
sr. member
Activity: 924
Merit: 255
Of course to keep all the assests in one cryptocurrency is the most unprofitable and not safe way. if you want to get profit and have the minimum losses so it is better to keep some assets in bitcoin nearly 50%, some amout to keep in the Ethereum, and another amount divide between some of the TOP altcoins you are sure that they may become successful. but the choice is yours.
member
Activity: 630
Merit: 10
https://www.cd3d.app
if it's bitcoin then I think it's safe it's just that you have to be patient when the price goes down, you don't need to panic because I think bitcoin is different from other coins, bitcoin is strong and has many enthusiasts even though it falls even bitcoin will rise therefore you only need to wait even in my opinion it's better to put it on one coin but the coin has proven to be really good and bitcoin has proven it
jr. member
Activity: 331
Merit: 3
Well, am not a fan of putting everything in one, so to me i will say it is wrong because if anything goes wrong all is gone.
member
Activity: 293
Merit: 10
Many consider it a risky move, but if you really choose a good alt, I think you could get rich, plus, I think that's the only way to win a lot of money in a short time here, but it's practically winning the lottery, no matter how much research you do, it's very difficult to know how the market will react to a new currency, so it's quite risky.
B.
copper member
Activity: 238
Merit: 10
You have to be reactive about altcoins where you only need to trust Bitcoin for the biggest asset nominal. Entrust altcoin for futures trading and choose 3 altcoins that you think are best for long-term price continuity, so there are 3 types of assets that you have to measure according to your ability to store the best assets, and the last type is only used for short-term trading purposes.
member
Activity: 448
Merit: 10
It is not safe at all, many experienced investors say that the best way to ensure your investment is to diversify, that's why index funds are so famous, because they do the research for you and invest with your money to several promising projects, of course, you can be lucky and get rich if the currency you bet on explodes, but that's a very remote possibility.
jr. member
Activity: 319
Merit: 2
A nexgen decentralized ride hailing
Let say 20% safe of putting everything in one cryptocurrency and it's 50% safe in investing in two to max five cryptocurrency depending on the amount of capital. Crypto itself is not that safe enough it only those who are expert and carefully enough can invest because you need a lot of reaching before investing and putting everything in one is another thing.
jr. member
Activity: 180
Merit: 3
I think you should not focus all your capital on a single altcoin. Because that gives you a lot of risk of loss. Market movements are unpredictable. You should divide your capital to invest in different types of virtual currency. I think investing in 5 altcoin in the top 10 on coinmarketcap will be safer for your investment.
sr. member
Activity: 1274
Merit: 264
It would not be good to invest only in one cryptocurrency since putting all of your money and if the price fall down then it would be hard to up high again and it would take months or years.

Better to invest in different crypto..
sr. member
Activity: 798
Merit: 250
CurioInvest [IEO Live]
Are you saying that putting every saving you have to cryptocurrency or putting every crypto investment to one currency,
in first case scenario, don't do that. EVER.
in second case scenario, i don't recommend that but if you like gambling(this is not an investment) you can try that.
full member
Activity: 448
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?

There are many paths to destination and this holds true to investing. Since the market is still evolving, it is a risk to put all your investment in one project but then again it depends on how much you know about the project or coin.

What's is most important is that you follow basic investment wisdom which is not to invest more than you can lose.
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