Topic: How safe is it to put everything in one cryptocurrency? - page 5. (Read 3727 times)
Of course, it is better to distribute your funds to a lot of good crypto-currencies from the top 20. This way you minimize the risks. In the end, you will have other cryptocurrencies as a safety net. And this is generally the right investment system, when investment is everywhere.
I've mentioned here before to the point of boredom that I always heard that whoever wants to invest in the traditional stocks and shares market should not put all their investment in one company. The key is to diversify your portfolio. This way, no matter what way the market works you will hopefully earn more than you lose. Isn't the cryptocurrency market exactly the same in this regard?
Yes, it's same as traditional stock and share, never put all the money in one cryptocurrency, it's too risk and don't help us gain more profit than invest in different cryptocurrency, example you put all your money to buy 1 Btc $6500 last week, current price is $4500, then you already lose $2K, maybe you won't lose too much if invest in different cryptocurrency 
It's actually safe if we want to save our coins in one type of crypto currency only. This has a positive side as well as a negative side. On the positive side, if prices soar high then we can get very large profits but the negative side when prices decline and deteriorate, our chances of getting profits are getting smaller. To be honest, I myself don't like to save my coins in one or two crypto currencies only. I prefer to store everything I have in many types of crypto currencies. It was more interesting and challenging for me. When I have lots of crypto currency coins to play, I am increasingly challenged to play on the market. The advantages of the system that I took was that I would not experience a lot of losses if one of the coins I had dropped was because I still had other types of coins. I myself really like the world of trading so if I can play a lot of coins then I become more experienced and professional.
I've mentioned here before to the point of boredom that I always heard that whoever wants to invest in the traditional stocks and shares market should not put all their investment in one company. The key is to diversify your portfolio. This way, no matter what way the market works you will hopefully earn more than you lose. Isn't the cryptocurrency market exactly the same in this regard?
actually it's not safe, I save all the assets I have into ethereum, when ethereum has decreased significantly, I have no other choice and have to wait
Hmmm, in my opinion, whether we are safe or not in storing crypto currencies depends on ourselves. If we apply all security procedures properly and thoroughly, then all are safe. Even though we only store in one or two crypto currencies, in my opinion it doesn't matter. All there is nothing to worry about, it's just that when we store in one or two types of crypto currencies then we must have a smart playing strategy. We must be smart in reading opportunities, analyzing, and predicting opportunities well. If we cannot look for opportunities then we will only experience massive losses. If we focus on investing in only one or two types of coins, we must periodically monitor the movements of these coins. This is to look for opportunities for maximum profit. Crypto currency market movements are so fast that we must be ready at all times. That is a bit of my thinking.
It is very risky to have all your investment in one coin because if the coin price goes down, your investment will be lost. If you invest in multiple coins then there is a chance that one of them will be pumped at a given time and provide you with the opportunity to earn. So investment in many coins is recommended.
If you really trust on a particular crypto and put all the others on it then go ahead because that is your decision and you need to believe on that, I think that no.1 crypto of yours is bitcoin or eth! but if not you might encounter serious risk problem.
Well investing in cryptocurrency has already its high risk however if you will going to have two or more crypto to invest then that would be better for you can move your crypto or convert it especially if one has a good market price increase. You can convert it to the crypto that has not move yet. I suggest you to get XRP and BCH. These both crypto has good volatility and will not gone together on market price pump.
Putting everything you have into cryptocurrency is a big risk and I cannot advise anyone to put all his coins in one cryptocurrency. because you may loose all your investments.
For me I did not want to invest everything in one cryptocurrency because its to risky.Must better to have many coins to invest so that you minimize losing especially right now that all coins are unstable.
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 it is Bitcoin and ethereum I think it is just fine because they are the more stable coin for long-term investment but as an investor, we like to have a short-term big profit this is the reason why we invest in coins that have a potential in the market in the future.
It is absolutely not safe. You should always diversify your funds, otherwise if you invest everything in one coin, you will not have another options of balancing your portfolio. Always use diversification and invest in at least 8-10 projects.
I think there is a big difference in what amount of cryptocurrency you hold their money. It all depends on your investment strategy, the most common is to buy bitcoin or Etherium and forget about it for a long time. Many more on the contrary buying a lot of new projects and sell them on the exchange, thereby earning quick money on the difference of the course. Choose for yourself the optimal strategy and good luck!
Its not safe to invest all your money in a single cryptocurrency and it depends on how much you are willing to invest e.g if you are holding up to 500$ I'd suggest you invest in 4 -5 different type of cryptocurrencies with good teams and good roadmaps ,there are so many coins out there all you have to do is create some time to research on each one before choosing
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?
Personally, I am convinced that you never need to invest all your investments in only one cryptocurrency. Of course, I believe in the excellent potential of various reliable cryptocurrencies. But working with only one cryptocurrency is too risky and dangerous. And for the successful work of the investor it is imperative to minimize the risks and distribute their investments.
Investing in Cryptocurrencies is not a safe investment, it is highly risky one. It does not matter if you spread it among many coins
or invest just in one coin as it the market crashes all of them will crash. Diversifying your investment means investing some in
crypto or some in stocks or properties etc.
Is a vice versa situations but youre right when you investing into one coin is highly risky and no experience cryptoneir will advice people do that but investing to diverse of coins/tokens also require some knowledge of management in other to avoid debt. However, investors/traders who are unable to manage many coins are advice to stick with 2-3 coins. or invest just in one coin as it the market crashes all of them will crash. Diversifying your investment means investing some in
crypto or some in stocks or properties etc.
Personally, I'd never put all my money on just one ot two cryptocurrency. There are over 1000 cryptocurrencies out there, a lot of them have good features and returns, why would anyone choose to rely on just one or two?
It's always better to spread your cash to maximise profits.
It's always better to spread your cash to maximise profits.
Of course, to diversify a portfolio is a must. otherwise, you risk losing your entire deposit. Well, you need to diversify by carefully selecting the coins for investment.
Investing in Cryptocurrencies is not a safe investment, it is highly risky one. It does not matter if you spread it among many coins
or invest just in one coin as it the market crashes all of them will crash. Diversifying your investment means investing some in
crypto or some in stocks or properties etc.
Well said. The most recent monthly crypto decline illustrates perfectly how dangerous it is. Diversification is the key to success. or invest just in one coin as it the market crashes all of them will crash. Diversifying your investment means investing some in
crypto or some in stocks or properties etc.
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