Topic: Investing in multiple altcoins - page 23. (Read 7222 times)
for now, maybe investing in lots of assets won't help you get more profit. the situation is going down, we should be able to get and choose assets that are really good to have a pump in the near future. just select the best altcoin options and focus on them.
Investing in multiple altcoins is OK but there are some factors to consider; for instance the capital used for investment. With 370$, I will suggest you limit your portfolio to not more than 7 coins max. The top 10 coins like ETH, XRP, LTC, XLM etc will be ideal but for good profit, do look at some really promising projects with low market cap.
You already have a good list of potential altcoins. To have a good portfolio, you must be able to determine the right time to enter the market, it requires technical and fundamental analysis and qualified experience. Proper timing when buying, selling, or holding is the key. This is indeed complex and mentally necessary. But the current market is less profitable in my opinion, quite risky, wait for the market to return to energy.
I think the investment at this moment will be very risky and if you have a good portfolio then it is best to be more patient during this time because things are unpredictable at the moment. I personally have invested a little bit of altcoin but until now it has not brought me much profit because the bear market is still maintaining instability so it will be difficult to make a big profit.
There are plenty altcoins on the market yet not all are worth investing in at a particular point in time. It is a good thing to diversify ones portfolio yet the investor must observe the market critically and analyse it well to know which altcoins are capable of rising within the set time frame suitable for the investor.
You already have a good list of potential altcoins. To have a good portfolio, you must be able to determine the right time to enter the market, it requires technical and fundamental analysis and qualified experience. Proper timing when buying, selling, or holding is the key. This is indeed complex and mentally necessary. But the current market is less profitable in my opinion, quite risky, wait for the market to return to energy.
that is too much option mate, it will easy to choose if you make it more simple option like 3-5. in my opinion i think BNB, cardano, and tron is good thing. they alway try to make their project grow up and make people want to buy their coins.
I suggest if you want to invest in promising altcoin you should first see altcoin which is always being sought after by investors, for me ethereum, eos and xrp are altcoins that have potential for the future, but all the choices are in their own hands and focus on 2.3 altcoin only
If you have much money never invest all in one altcoin kind, invest your money each one all of altcoin, it way how to get profit with low risk when some altcoin down.
And it is better to invest in safer and more popular projects, and it is better to choose 2-5 coins for investment
I think that today the choice among altcoins is not very large to make promising investments. First of all, you need to carefully analyze the schedule of rise and fall in prices to be sure of the reality of a promising future.
focus on alts that got real use cases like eth and vechain. They are the leading token on their own class.There's lots of research to do in able to determine which are the best of the best when it comes to alts but it is really based on your risk benefits.
Diversification is good in portfolio management but making a portfolio so large isn't good because investment funds will be spread across multiple tokens thereby making it thin for each so will profit be as well due to small capital per token.
You have listed more than two dozen different tokens/coins and I don't think that it will be wise to split your small investment on so many different assets. My advice would be to concentrate on just 2-3 good altcoins. If you go for 3, then purchase two established coins (such as ETH/LTC) and reserve the remaining slot for a relatively newer coin (such as Basic Attention Token).
Ethereum and ripple, I think, can be limited to these two altcoins. Everything else has a dubious future. Another top 10 but what below I would not even consider.
you have the most dangerous strategy. Ethereum now has very big problems with scalability, and ripple is generally a centralized asset that no one uses. leaving your money in these two coins is very dangerous 
for me you can also choose some good altcoins that also have benefits every day and also good for you to survive in the long run, I suggest you can hold, ethereum, litecoin, xrp, neo, eos, and binance
Those are coins that are top in the line, they are popular and they have a lot of supporters so these are an ideal coins for long term hold. Well, all these coins are part of my portfolio, actually my long term portfolio because I believe when I bought these coins, they were undervalued and even until now. When I hold for long term, I always aim for a big return for that, maybe some would say it's not practical or realistic but small investors aim high as that's the only way we can be satisfied with our income here.
If you have much money never invest all in one altcoin kind, invest your money each one all of altcoin, it way how to get profit with low risk when some altcoin down.
Is good to invest in many alts but must be good ones which will be a great opportunity for future reference, that is why is good to hold some portion of your capital in alts and the other in btc so you can have a fall back on for any opportunity to rebuy at very low price and at se time holding for any immediate pump .
Maybe he can use 50% for btc, and the rest of 50% will be in an altcoin. I think that will be enough for him to make a profit from bitcoin first and then from altcoin. But if he wants to buy altcoin, make sure he knows which coins that can be potential in the future and don't use all money to buy in one altcoin only because that will be too risky to him. Besides that, with diversifying into many altcoins, that will help him to make a profit too besides of bitcoin.
Just choose with the top 50-100 coins list to choose the right coins so then he can start to analyze each coin to find the coins.
The only thing he should consider is how to choose the right coins because that will be an important part of making the profit. Diversifying is very good, but he needs to have a potential coins list that can work for him and don't use too many coins for the investment because that will time to analyze one by one. Having up to 5-10 coins will be better than to have more than 20 coins at the same time, and he will not feel not confuse to manage the coins.
By choosing the right coins, he will have a chance to make a lot of money from the profit, but I suggest he not to be greedy of taking the profit. As long as he can manage his emotion when the price start increase, he will be able to sell any coin at the right time.
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
Binance Coin, Ethereum, Litecoin, Ripple. That's what I think is good for you to continue investing after deciding to buy Bitcoin. EOS and Cardano are good too. 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
Diversifying is not just buying random assets. It's about buying assets that are not correlated. In other words, if one crashes, the others will most likely not crash or even go up. You need to do actual study and figure this out for yourself.
You cannot own every coins. So what you high do from your list of god coin, is to perhaps buy about 3 to 5 of them. This is mainly for you to be able to manage then effectively well. However, if you feel you can handle them all, you should go ahead.
Investing in multiple altcoins is a good decision, because you are so increasing the potential of your earning and minimizing the risks. In my opinion, Ethereum and Binance token are actually the most promising altcoins and I expect their prices to rise highly soon.
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