Investing in multiple altcoins - page 11.

bryant.coleman

legendary

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Quote from: Savemore on October 18, 2019, 06:28:05 PM

Investing in many altcoins is a risky task because you can't manage it very well. You need a lot of time and effort for you to manage your portfolio very well. It is better if your portfolio will be lesser.

Yes... this is something that I found out during 2018. It is not easy to track all of these coins and another issue is with securely storing all these coins/tokens. If they are ERC-20 tokens, then you can store them in MEW addresses. But in case of altcoins (such as Bitsend and GBYTE), the only viable option is to store them in exchange wallets (i.e if you don't want to install the desktop wallets for all of these coins).

And sometimes the altcoins don't even have lite wallets. When I was trying to invest in Cardano (ADA) in 2017, the only option available was to install the Daedalus wallet. I tried to install it, but it was consuming a lot of bandwidth and hard disk space and therefore I uninstalled it. Lite-wallets for Cardano are available now (such as Yoroi and AdaLite), but I have sold all my ADA by now.

Savemore

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Investing in many altcoins is a risky task because you can't manage it very well. You need a lot of time and effort for you to manage your portfolio very well. It is better if your portfolio will be lesser.

BartS

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Quote from: ?? on ??

It is risky to invest in multiple altcoins, it is better if you will just invest in 4 altcoins for you to easily monitor your portfolio. Too much altcoins is really hard to handle so it is better if you will just buy few altcoins that are worth it.

Very simple advice but still true, I get the feeling that after a person reads a few books about trading he feels empowered and wants to make use of all his new acquired knowledge right away and that is a sure way to lose.

It is better to start your journey slow, during the first weeks only trade one coin and learn the most about that coin, then after sometime you can add some more coins and keep doing that until you reach a number of coins that feels comfortable for you.

pooh95

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Quote from: ?? on ??

Quote from: Rhaizan on October 14, 2019, 04:53:03 AM

Quote from: otto93 on October 14, 2019, 04:46:11 AM

Investing in multiple coins can be leasing if you are not an expect in the case that you can get to loose track of ypur investment so i asvice you invest in just one or two coins and face focus on them only, that not been said i advice you buy BTC and any other alt of your choice

i will only invest to the coin that i think has a potential seperating your investment will be a good way but only invest in waht you are trusting most .

For sure people only invest in those coins which they trustily having in their portfolio. I guess the bitcoin is the best coin to invest and hold for long term. I prefer investing in only one coin which has potential and value in market. Bitcoin and ETH are my investment i know it’s going to be profitable and it is best Altcoin.

here, probably, the first 2 coins are the best investment, and even if you just periodically take profits in stable coins at a small elevation, you can well increase the value of your portfolio or at least pay back your investments

Bim abk

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Quote from: arifteguhr on October 14, 2019, 10:10:58 AM

There is nothing wrong if you want to invest in lots of altcoins. but it should be wiser in the selection of altcoin. we certainly do not want to get a loss from the investment so it's better we do not carelessly choose, especially altcoin which is still not so potentially will be quite high risk if we invest

Yes, you are right, even though many referenced you have to re-analyze from the many references. You must be very wise in investing the simple thing to do is to analyze the coins or tokens that you want to invest. This reason is because the investment you make involves the money you have

jorenpo

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you have a very long portfolio for the capital you have. I suggest you to lessen the token you invest on and trade it on stellar (XLM) or Ethereum So you can properly manage your investment.

awakpane

member

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In my opinion, the steps you take in investing in altcoin are very good. Your investment in varying altcoins allows you to get large profits. moreover you are investing in altcoin which is already very advanced and promising. I hope the investment you run brings good luck.

febriyana

sr. member

Activity: 432

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Febriyana Muhammad

That list is much.
I think you should decrease it to around 7 coin maximum to invest long term.
Because you want keep it so long, i recommended choose coin with high volume also already known project.
Also always know there is cryptocurrency is risk investment, maybe coin you choose will not worth in the future. So that is up to you. Hope you get great profit from cryptocurrency.

arifteguhr

sr. member

Activity: 1246

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There is nothing wrong if you want to invest in lots of altcoins. but it should be wiser in the selection of altcoin. we certainly do not want to get a loss from the investment so it's better we do not carelessly choose, especially altcoin which is still not so potentially will be quite high risk if we invest

Genemind

sr. member

Activity: 1596

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Why don't you just choose at least three coins which are on top? Owning 15 different coins might not provide you with a good profit since all of them might not succeed in the future. Focus on coins with a stronger capability. As for me, Eth, Xrp, Bch, Ltc and monero are good choices. Get rid of coins which you aren't sure of.

cdog

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Quote from: DarthCanada on August 27, 2019, 09:25:44 PM

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

50    Ethereum
50   Ripple
50   Binance Coin
30   Litecoin
20   Enjin
10   Iota
30   Cardano
20   Stellar Lumens
10   VeChain Thor
10   Pundi X
10   Basic Attention Token
10   Ontology
10   Zilliqua
30   Monero
?   Eos
10   Tron
?   Zcash
10   Icon
?   Chainlink
any other ?
10   Dash

I will explain how to choose a good coin. first select a coin that has a high volume, the team always updates about the progress that is happening in the projects that we invest. my advice is better you invest in one coin that is really good and has a high volume like Bitcoin.

HabiebRiziq

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Quote from: DarthCanada on August 27, 2019, 09:25:44 PM

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

50    Ethereum
50   Ripple
50   Binance Coin
30   Litecoin
20   Enjin
10   Iota
30   Cardano
20   Stellar Lumens
10   VeChain Thor
10   Pundi X
10   Basic Attention Token
10   Ontology
10   Zilliqua
30   Monero
?   Eos
10   Tron
?   Zcash
10   Icon
?   Chainlink
any other ?
10   Dash

For me personally, I would choose to invest it in Dash or Binance coins. But all the decisions come back to you, observe and analyze every suggestion from others before making a decision and to invest 3000 CAD into bitcoin, I think that is a good thing and maybe you can invest the rest in Dash or Binance coins.

kogozer714

copper member

Activity: 593

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If you want to divide your CAD 500 into a number of new pages to find potential ones, maybe Ontology, Eth, Xlm and Ltc. maybe some of the top coins are still very promising and profitable for you

Bim abk

sr. member

Activity: 896

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Quote from: lousie9 on October 14, 2019, 05:01:27 AM

I do not prohibit you from investing in various altcoins and that is your right. cuman, my advice is not all your money is spent only with altcoin, set aside half of your capital to invest in bitcoin and from some of the coins you mentioned above I like ETH, BNB and LTC and the next 10% on EOS.

how to divide the funds owned is a pretty good way, the funds you have will be divided into several for each of them to use coins to invest in altcoin or bitcoin. and don't forget to do an analysis for the investment you will make because analysis is very important for the development of these investments

ardentvolcanoes

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Quote from: Rhaizan on October 14, 2019, 04:53:03 AM

Quote from: otto93 on October 14, 2019, 04:46:11 AM

Investing in multiple coins can be leasing if you are not an expect in the case that you can get to loose track of ypur investment so i asvice you invest in just one or two coins and face focus on them only, that not been said i advice you buy BTC and any other alt of your choice

i will only invest to the coin that i think has a potential seperating your investment will be a good way but only invest in waht you are trusting most .

More than enough to expect good benefits while you are inside this market. Investing with projects that you believe will grow after some time gives you
enough patience to wait. Holding is very important since you splitting your assets to multiple projects chance to see fluctuations from each coins. Don't
be bothered as long as you are holding solid projects chance to bounce will be there.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: strunberg on October 14, 2019, 03:55:43 AM

Quote from: TitanGEL on October 14, 2019, 03:13:34 AM

It is really hard to monitor your portfolio if you will buy so many altcoins. I'm a trader and I only trade 4 - 6 altcoins and for me it is hard to monitor my altcoins. You shoukd only choose few altcoins that can make your capital to grow.

we must able manage our time to controll our coins developtment.in a day we have 24hours and if we take it 8hours to find lastest projects developtment i think its enough.it depend on our own will and spirit..allocate one hour for one coin to make deep analisys actually enough.and in a day we could research on around 8 coins.spirit was our key to get much profits

Indeed, time management is needed where you should spend your allotted time to check and monitor the movement of your investment.
Having a portfolio even in our mobile application can do to monitor altcoins even if you have different kinds of altcoins. An individual doesn't need to take too much time to just monitor the invested multiple altcoins, and it's not that hard if you know what you should do.

lousie9

sr. member

Activity: 1680

Merit: 263

I do not prohibit you from investing in various altcoins and that is your right. cuman, my advice is not all your money is spent only with altcoin, set aside half of your capital to invest in bitcoin and from some of the coins you mentioned above I like ETH, BNB and LTC and the next 10% on EOS.

Rhaizan

full member

Activity: 518

Merit: 100

Quote from: otto93 on October 14, 2019, 04:46:11 AM

Investing in multiple coins can be leasing if you are not an expect in the case that you can get to loose track of ypur investment so i asvice you invest in just one or two coins and face focus on them only, that not been said i advice you buy BTC and any other alt of your choice

i will only invest to the coin that i think has a potential seperating your investment will be a good way but only invest in waht you are trusting most .

otto93

member

Activity: 216

Merit: 10

Live, Hope, Win

Investing in multiple coins can be leasing if you are not an expect in the case that you can get to loose track of ypur investment so i asvice you invest in just one or two coins and face focus on them only, that not been said i advice you buy BTC and any other alt of your choice

strunberg

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Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Quote from: TitanGEL on October 14, 2019, 03:13:34 AM

It is really hard to monitor your portfolio if you will buy so many altcoins. I'm a trader and I only trade 4 - 6 altcoins and for me it is hard to monitor my altcoins. You shoukd only choose few altcoins that can make your capital to grow.

we must able manage our time to controll our coins developtment.in a day we have 24hours and if we take it 8hours to find lastest projects developtment i think its enough.it depend on our own will and spirit..allocate one hour for one coin to make deep analisys actually enough.and in a day we could research on around 8 coins.spirit was our key to get much profits

Topic: Investing in multiple altcoins - page 11. (Read 7176 times)