How safe is it to put everything in one cryptocurrency? - page 17.

traderethereum

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Quote from: Nait500vail on October 19, 2018, 12:40:22 PM

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 use all the money even if you buy all the coins in the coinmarketcap because you don't know when the coins will rise. My suggestion is you need to search which coins that will increase by analyzing every coin especially for the coin which is on the top twenty list in the coinmarketcap. After that, you need to decide how much the money to buy that coin, don't distribute a big amount of money in one coin but diversify in many coins will be good because you will have a big chance to make a profit in many coins.

askmecrypto

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Quote from: Nait500vail on October 19, 2018, 12:40:22 PM

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?

Its NOT SAFE to put all your money in cryptocurrencies itself. I am not just talking about 1 or 2 cryptocurrencies but I am talking about the entire crypto space.
The basic fundamental of financial investments says diversification, never put all your money in one financial instrument, diversify it. If you believe in crypto more, put a bigger part of your investment in crypto, but never go all IN.
Alongside crypto, invest in real estate, gold, bonds, stocks and where you can. This eventually safeguards you from uncertainity and complete fall.

I am not writing this because I am against crypto, I even have 40% of my investment funds in crypto myself, but again, you can never be certain in only 1 financial instrument.

mald1to

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Imagine putting all eggs in one basket or tray. If you are carrying it with you and you suddenly stumble down, the eggs in the basket will all be broken. Think of the eggs as your money. You invest all of it in one cryptocurrency and then it suddenly dive to the bottom of the ocean. Your investment will be lost.

deppil

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Quote from: QueenW on October 23, 2018, 06:39:09 PM

It is dangerous to keep all your savings in one asset. Be sure to diversify your investments to reduce risks. otherwise you can lose everything. Select at least five projects and distribute your investments.

The diversity is very good besides to reduce risk also provides greater benefits. I agree to do that rather than just choose 1 crypto only. of course it will be very risky if crypto crashes then your wealth will go down very deep? but five projects are too excessive in my opinion. just use 2-3 coins to be more focused

maculeth

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oh god, don't go to all coins because you will go crazy because of that. enough 2 or 3 coins with the amount of money you have for investment. for example 50% for bitcoin as the highest crypto, then 25% -25% divided into etherum and ripple which are potential altcoins to rise. just don't be too much.

jcpone

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All your hard-earned money in one investment is not advisable especially if the altcoin you have chosen is not that strong. Keep in mind that cryptocurrency is so young that every coin here is a candidate of having no value in the future. The technology backing up these coins is not yet fully maximize so every thing here can change drastically.

jcarlo

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Quote from: Nait500vail on October 19, 2018, 12:40:22 PM

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?

If you choose to invest in one coin, better find a good coin with solid team and working. But its very wise if we do not put all our eggs in one basket because its too risky. Better divide our investment in several investment

vrabac68

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If you are really sure about that particular crypto than go for it and good luck. I would never do it even if I believe VECHAIN is going to be among the best and widely used I still love to invest in different projects to be safe

QueenW

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It is dangerous to keep all your savings in one asset. Be sure to diversify your investments to reduce risks. otherwise you can lose everything. Select at least five projects and distribute your investments.

Abal Abal

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Quote from: Nait500vail on October 19, 2018, 12:40:22 PM

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?

in 2016 I saved all my money in the form of bitcoin, and I feel it's safe, because bitcoin has a high level of security, and I feel that.
so while you keep it in bitcoin, in my opinion it's very good, it will even benefit you later.

coinluisa

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Quote from: Nait500vail on October 19, 2018, 12:40:22 PM

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 much better to invest more than two because you can make a more and good profit if you spread your investment not only to one investment. Like all of us say don't put your all egg in one basket .

BGanio

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Please do not invest in crypto currencies with your everything. You need to invest which you can afford to lose.
Crypto is really volatile market and you need to invest wisely. Always you need to hold some fiat also.
Personally i am holding only 3 coins. I think 2 or 3 coin is enough for holding. but do not do all in one.

JPSelzer

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It is not safe to invest everything in one coin. If something goes wrong, you lose everything. You It is better to distribute your funds and choose a few worthy coins for investment. Don't forget that diversification is one of the best ways to reduce risks.

Eildosa

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I don't think it's the right decision. To invest all the money in one coin you should have 100% confidence in it. But the cryptocurrency market is very unpredictable and therefore it is impossible to be 100% sure. I think you should split your funds into a few promising coins. It'll be less risky.

verita1

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As the situation of the cryptocurrency market is unstable. It is natural to think, what is the best investment strategy in crypto? A diversified portfolio is the best option. I think this strategy will last longer.
I like BTC, ETH, NEO, Litecoin, XRP and some altcoins that were created in this year with a great potential.
Although not everything is written in crypto, good sense will allow you to make the best game.

BitSharke135

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Everything is safe to put in the crypto money market. Crypto money trading in the case of compliance with the kings do not experience trust. If you want to be rich thanks to crypto money trading, you should take risks during the upswing.

Kelvinovie2

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None of them idea is safe if you ask me, but your chances and odds for getting multiple coin or token that will moon in the nearest future is quiet higher when you spread your asset than having one or few coin or token. The trusty is u must learn to diversify your crypto.

kickdapa

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Actually, it depends! If you choose Coins like Bitcoin, Ethereum, BNB to then this is not a bad idea rather your investment will be safe! But The best idea is to divide your money into various currencies and it is more profitable!

Geleve

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If course it is not safe. You can not trust in a single project and make all in. It is not about the crypto market only but also in fir other issues in your life.

acmakc12

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You can invest all the capital in one cryptocurrency in the event that it is already quite a long time on the market and has proven itself from the good side, like Bitcoin and other coins with blockchain.

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