as following use of strategics on returns with the beginning tasks of evaluation, investors might returns with decision to goes on further approach as moderating notice of returns with the customs of work with the moderation of news as offers to join with the ico schemes,
as displacing the proper of unit with investment to gains with involvesment with the projects of the ico scheme.
Topic: how to invest in several altcoins simply? (Read 388 times)
Right now, with the altcoins in a low price range, I am thinking of investing small amounts of money in 20 or 30 different altcoins and hold them indefinitely.
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
As in case on investing in various coins it is extremely uncomfortable to install all the wallets, I suggest you to use one exchange for most of coins. If you are new to trading then use bittrex. It is among the most trusted exchanges, it has low fees, low min investments and min withdrawals as well as lots of coin listed out there. For coins not listed there use exchanges where the majority of coin is traded to ensure objective prices. You can find this information on coinmarketcap when you click on a coin and then click 'markets'. Now the prices are low, so good luck with your investments!!! Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
Check out this recent ICO: http://coindash.io/
Well first of all you should think about WHY you want to invest in a particular coin. Most of the coins outthere are just scams and ways to make some wannabe entrepreneurs get rich quick and even Vitalik Buterin already mentioned that 90% of alts will die. It is just like in the real world where less than 10% of all startups do succeed. If you just blindly diversify you will just end up losing money. Do your research and only invest in projects you have faith in and then you won´t need 20-30 alts to diversify
There numbers of ALTCOINS and you can easily invest on them. The thing you should keep in mind before investing that the altcoins which you are buying should have good market potential. Investing on different Altcoins is a risky thing. So you may first do research on different Altcoins And the altcoin which suits your requiremnet that can be purchased.
I think that's the right time for investment, but invest in 20 altcoins it's a bad thing because it will be hard to survey everyone I propose to u to put all that u have in just 2 or 4 maximum.
Why don't you buy into a fund made out of several coins, let's say ICONOMI has a bunch of them and the fees are pretty small compared to what the gains are.
thanks for the reply! I like this fund idea, its like investment portfolios, the company does all the work? Can you choose which coins you wish to include yourself, or they do it?
You simply buy into any of already existing funds and store the funds on their platform. I think there is 10-15 different ones, check this link https://www.iconomi.net/dashboard/
There will also be possibility to make your own fund and let other people buy them in the near future.
Right now, with the altcoins in a low price range, I am thinking of investing small amounts of money in 20 or 30 different altcoins and hold them indefinitely.
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
What does indefinitely mean? You mean like satoshi? parlk them in a wallet and never ever use them? That would be a waste of funds mon ani, a lot of these alts are just not worth it.
Right now, with the altcoins in a low price range, I am thinking of investing small amounts of money in 20 or 30 different altcoins and hold them indefinitely.
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
What does indefinitely mean? You mean like satoshi? parlk them in a wallet and never ever use them? That would be a waste of funds mon ani, a lot of these alts are just not worth it.
Yes you can invest in the numbers of altcoins depending on the amount of risk you want to take. My suggestion for you is to research on the altcoins before you invest.
It is better to store the altcoins in wallet you own the private keys, because you won’t know how long the exchanges will be around. For ETH and ETH tokens, myetherwallet is a free and good wallet to use. But you have to keep your private key safe and beware of phishing websites. For other altcoins, you can keep in the official wallet of the coin. If it is possible, invest less than $100 to buy a hardware to keep your coins safe. Ledger and Nano hardware wallets are two good choice.
It is better to store the altcoins in wallet you own the private keys, because you won’t know how long the exchanges will be around. For ETH and ETH tokens, myetherwallet is a free and good wallet to use. But you have to keep your private key safe and beware of phishing websites. For other altcoins, you can keep in the official wallet of the coin. If it is possible, invest less than $100 to buy a hardware to keep your coins safe. Ledger and Nano hardware wallets are two good choice.
Yes you can hold, exchange, buy but this are very risky because any exchange can run away at any time and if they turn into another one of those like Cryptsy did, all your money is lost. You can use multiple coins. But according to my self investing in 20-30 altcoin is not going to give you more profit if you invest 2-3 coins that will surely go up big time will give you a lot more profit i think.
Why don't you buy into a fund made out of several coins, let's say ICONOMI has a bunch of them and the fees are pretty small compared to what the gains are.
thanks for the reply! I like this fund idea, its like investment portfolios, the company does all the work? Can you choose which coins you wish to include yourself, or they do it?
If all of them are ethereum tokens, its very easy to deposit them on myetherwallet file and hide away. If you plan to buy and hold lot morer coins you will need different wallets on your pc or you need to use safe market like bittrex.
I think not all of them Ethereum tokens, some of them are used in Ethereum. I agree that easy to deposit in myetherwallet. But this is not a brilliant idea. We should analysis the current market status. Which coin is constant increase in the current scenario then easily invest to simple. Beginners are careful to invest in altcoin. They have sudden raise or fall in anytime. 
If all of them are ethereum tokens, its very easy to deposit them on myetherwallet file and hide away. If you plan to buy and hold lot morer coins you will need different wallets on your pc or you need to use safe market like bittrex.
1) try to avoid new altcoins .
2) use wallet that support more than 1 coins like blockchain.info , Jaxx, etc (use google to find others).
3) use two kind of holding like bitcoin for short range and very long one and ETH for long one .
4) use bitcoin as main one and others for stable price when bitcoin price down (Because altcoins have more stability than others ).
5)Max 5 altcoins is good more than this is so risky.
2) use wallet that support more than 1 coins like blockchain.info , Jaxx, etc (use google to find others).
3) use two kind of holding like bitcoin for short range and very long one and ETH for long one .
4) use bitcoin as main one and others for stable price when bitcoin price down (Because altcoins have more stability than others ).
5)Max 5 altcoins is good more than this is so risky.
Keep an eye out for https://triaconta.com/ . They sell a "combi-coin" that is asset backed by the top 30 cryptocurrencies. The assets are rebalenced every other month. This way you invest in 30 currencies simultaneously and spread risks. CUrrently they are sold out but I believe they will re-open sales min-November
Right now, with the altcoins in a low price range, I am thinking of investing small amounts of money in 20 or 30 different altcoins and hold them indefinitely.
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
altcoins are also beeing sold at their websites.
regards
Right now, with the altcoins in a low price range, I am thinking of investing small amounts of money in 20 or 30 different altcoins and hold them indefinitely.
Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
You can try to use the coinomi to store various kind of the coins, you can try to buy various altcoin in the exchange site but remember you must try to read about the compability of the wallet itself. Remember not all of the coin will be able to store in that wallet. You can read the more in the official site. Is there a simple way to do this? Buy many in an exchange and store them in the same wallet?
Thank you for your replies
Before you invest any of your money in altcoins then you should provide yourself a good wallet that will help you to secure your coins and that is a hardware wallet which is very secure and because of that you can easily store a lot of your coins and not worry about the security and if you are going to invest them do research before buying any of them in an exchange.
My way of doing this is:
Bulid a sheets file with the portfolio structure. You can even integrate live altcoin prices in Google Sheets (the plug in is called cryptofinance and very easy to use).
Then get an account on bittrex, buy all the altcoins and write the transactions in a file.
Transfer the coins out.
I use Trezor as a wallet, it can hold many wallets, others usually require a stand-alone wallet.
If you keep your records and state where are your coins (exchange or wallets), it will be easy to track.
Bulid a sheets file with the portfolio structure. You can even integrate live altcoin prices in Google Sheets (the plug in is called cryptofinance and very easy to use).
Then get an account on bittrex, buy all the altcoins and write the transactions in a file.
Transfer the coins out.
I use Trezor as a wallet, it can hold many wallets, others usually require a stand-alone wallet.
If you keep your records and state where are your coins (exchange or wallets), it will be easy to track.
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