How safe is it to put everything in one cryptocurrency? - page 8.

Jrfranco

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Quote from: Nait500vail on October 19, 2018, 01:40:22 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?

Investing in a few types of cryptocurrency is not good at all,even business minded people are against into it. Diversification is a key in earning bigger profits, the only reason why people dont like to focus in a specific project is that, losses may be bigger more than what you think, compared to diversification, losses might be lower. Talking about this, what they suggested and recommended to you is right and correct, it might be they are more experienced, more than you. So take their recommendations as well.

wxxyrqa

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Quote from: eagle10 on November 17, 2018, 04:05:07 AM

Quote from: Nait500vail on October 19, 2018, 01:40:22 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?

Choose only three to five altcoins are just enough in my own opinion. If you can put them in one basket you might end up broke when you incur loses greater than your investment in one coins. Diversification is better than losing all your investment. Less risky.

In fact, such a strategy should be used not only in the cryptocurrency business. I think that in most cases it is impossible to focus on only one object for investment.

eagle10

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Quote from: Nait500vail on October 19, 2018, 01:40:22 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?

Choose only three to five altcoins are just enough in my own opinion. If you can put them in one basket you might end up broke when you incur loses greater than your investment in one coins. Diversification is better than losing all your investment. Less risky.

a4illusionist

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Not very. I believe the best move is to scatter your assets in multiple reliable currencies rather then one single currency. That gives you more chance to avoid any big slump in a single coin and can avoid you going bankrupt.

krassy

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This is a stupid idea, in the world of cryptocurrencies to invest all funds in one or two currencies is very stupid. Even buying shares of companies you should always divide all the money into several parts.Start with a few top currencies or coins, and if you make a profit you can expand your investment portfolio.

Anies_Sandi

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Quote from: Nait500vail on October 19, 2018, 01:40:22 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 the security of the crypto currency is our own, because there is currently no legal force that can manage the security of our crypto currency

lihongjing

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This is a trading knowledge. You need to learn and practice to know the answer. What others tell you is just the way others are. You must find a way that suits you. The best way to invest is to buy bitcoin, and no one will object to this suggestion.

duoduoshigexiaozhu

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Usually this investment is more confident. You only need to buy bitcoin. I believe that the price of Bitcoin in the future will surprise you. Today's investment must be correct. Waiting for five years, other coins are not bitcoin safe.

Ionzar

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Quote from: Nait500vail on October 19, 2018, 01:40:22 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 unlikely that something absolutely safe can be on the crypto market. There are always certain risks that must be kept in mind. Therefore, to minimize risks, I strongly recommend working simultaneously with different reliable cryptocurrencies, not limited to just one coin.

Jaka.Sembuh

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We all know the risk of investing in crypto. because the crypto price is very unstable, therefore correctly calculate your funds if you want to invest in crypto and my advice is to use funds that are truly free so as not to damage your economy. so in my opinion it is not safe if all your funds are invested in crypto because it is also vulnerable to hackers.

AliMan

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Vave.com - Crypto Casino

Quote from: regexlove on November 15, 2018, 06:43:27 PM

It is not safe to invest all the money in one coin because the market shows that any coin can rise or fall, that is, there is no stability, so you need to increase the chances of earning money by diversifying the deposit Cool

Of course its not safe to invest all your money because its too risky thats why you its better to put only enough amount so that and divide your money for your investment then to your saving. Also invest if you have potential asset because possible can give you a good profit. Don't put all your money its better to divide it especially to those other have potential coins.

Bennix

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First and foremost,it is not advisable to put all your money in one cryptocurrency because anything could happen at any time.There was a CEO of particular exchange that sold ico to restricted country ,and the CEO was prosecuted.As a result ,people started selling aggressively to the extent that the token lost 80% of its value .Now,the traders that put their eggs in one basket by investing on one cryptocurrency are the ones who are at a big loss.
This is the reason traders are advised to spread their money on other cryptocurrencies.However ,even in trading ,traders who trade or focus their 90% attention on one cryptocurrency tend to loose their capital once the trade goes against them,but if you spread your money on other cryptocurrencies there is a higher possibility that you won't loose all your money at once.

Question123

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It is not safe for me it is very risky. Because better to invest to different kinds of cryptocoins. Once the coins decrease you will have more coins and you can wait the value to get back your capital or help to you to recover from your losing money.

regexlove

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It is not safe to invest all the money in one coin because the market shows that any coin can rise or fall, that is, there is no stability, so you need to increase the chances of earning money by diversifying the deposit Cool

simak84

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Investing in one cryptocurrency is a huge risk. And people lost a lot of money very often because of this risk. For example the same investment in Bitcoin.
During the rush in December 2017 and January 2018, many people invested in Bitcoin, many people even made loans for this business.
Now they all do not know how to settle their debts. Therefore, if you invest in cryptocurrency, you must invest not in one but in several promising coins.

msbtrooper

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I think it is not advisable for you to invest in one or two cryptos. Rather spread the money in several promising Cryptos, with this you are spreading the risk across

karagun125

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i think this is just impossible in the first place, i think if the term 'convert' can be possible. for example, we have a new coin and exchange it in the market into bitcoin since it is the most used coin and most popular, by doing the conversion we can make it into single coin. but if you are referring making all coins into one, that's not possible for sure.

dawai asmara

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Quote from: Trixie28 on November 15, 2018, 03:32:02 AM

Investing in cryptocurrency is not safe today because there are lots of scammers. I think you should research first and study it before investing. Right now it is risky because it is all about money you put to have good income.

not only for now but forever if we invest in crypto we must always be selective in choosing coins. but it is true what is said if now it is very vulnerable, we must increase accuracy in investing especially in new coins.

Trixie28

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Investing in cryptocurrency is not safe today because there are lots of scammers. I think you should research first and study it before investing. Right now it is risky because it is all about money you put to have good income.

KOF97

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Fast, Smart, Trustworthy

Concentrating all funds on one cryptocurrency is to get the most benefit in a short period of time, but the risks are also obvious. When this encryption begins to decline, you will soon lose property!

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