Topic: Investing in multiple altcoins - page 3. (Read 7204 times)
investing in various altcoins is not a problem as long as you are prepared to take risks in every decision you make here. We have seen many altcoins lose their value and maybe only a few can be said to survive when the market weakens. if you like altcoin, I suggest you choose altcoin which is already listed in the top 10 on the market.
Too many investment choices aren't it too difficult to monitor prices? It's better to only buy 4-5 altcoin. Such as Ethereum, binance coin, Stellar, Litecoin, Basic Attention Token. This is my choice. That way you can easily monitor prices.
I recommend you buy some ethereum because in my opinion this coin has a good future, ethereum has a price that is not too expensive to invest. so you don't need to hesitate and start investing in ethereum.
Not bad at all. My personal favorites are Xrp which I've been long term on. And I've recently found out about VeChain VET and it's been a great coin for me so far.
Of course have the BTC too.
Vet has a great concept and I could see it doing very well.
And Xrp, i know alot of people hate it, their opinion, has done great for me long term.
Of course have the BTC too.
Vet has a great concept and I could see it doing very well.
And Xrp, i know alot of people hate it, their opinion, has done great for me long term.
Diversifying your investment is a good idea to increase the probability to earn profits. However, my view is a bit different. If I had enough money to invest in cryptocurrency, I would not diversity my investment, but would buy only bitcoin. My love is so much for bitcoin that I believe investment in bitcoin would never disappoint investors.
I am now focused on BTC assets and selling some of my altcoins. like ETH that I sell half to have more BTC. and now I have benefited from the speculations that I did.
Investing in multiple altcoins wont give you much bigger profit cause you will divide you investment ,putting a little amount on each so expect little returns, i think just 3 altcoins is enough to get high returns but you must pick the best.
The quality will decrease proportional to the number of altcoins we invest because this market does not have too many good altcoins at a time, each time will be an era of different altcoin groups, we just need to invest in those altcoins, profits will easily flow into the wallet. Another utility for investing in a handful of altcoins is that it is easier to manage profits and losses, especially during peak periods of the market, the numbers jump up and down very quickly, requiring investors to set buy and sell orders as centrally as possible. Personally, I believe that at the moment, investing is one way to increase capital. And when there are such coins as Bitcoin, Ethereum, Litecoin on the market. This is a great chance to increase revenue. In our modern time, when digital assets appeared, cryptocurrency users have a chance to get a decent income.
How did it go? At this time you can predict which of these altcoins will thrive based on their functionality and how many people are using them. I don't want to single out any altcoin, as each has its own use. Cheers. Its only a matter of time before cryptos rule.
Investing in multiple altcoins wont give you much bigger profit cause you will divide you investment ,putting a little amount on each so expect little returns, i think just 3 altcoins is enough to get high returns but you must pick the best.
Multiple altcoins seems is also good strategy to earn good profit but you should only stick with the top-performing cryptocurrencies. For me, the only problem with that is you will have a hard time to monitoring it and it's even hard to maintain the money that you have invested. If ever you can handle, it is totally give you a big return. In addition, for me it's also good to have 3 - 5 altcoins in your wallet and right now I currently have 4 cryptocurrency. Then, most of my cryptocurrency are in bitcoin. Investing in multiple altcoins is still good as long you can handle it and as long you only focused in top-performing cryptocurrencies 
Investing in multiple altcoins wont give you much bigger profit cause you will divide you investment ,putting a little amount on each so expect little returns, i think just 3 altcoins is enough to get high returns but you must pick the best.
I suggest that with what you have left right now, you must pick one or two altcoins that you think will give you gains in the long run. I'm suggesting coins like Ethereum and BNB. Diversification is really a good idea but if you only have that funds then much better to stay on one or two coins. Btw, choosing BTC as the highest proportion is really a good choice, good job.
There is no need to invest too much altcoin at the same time, but if possible, choose only 3 to 5 coins because this is a way to ensure your profit when investing in the long term. Currently BNB, ETH are 2 very good options if you believe in the potential of these 2 coins because in the past both have increased very high prices and certainly this year will have a huge improvement. In addition, you can also consider investing in Atom because this coin is very popular recently. 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
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
if my advice is better you don't invest in Pundi X, because the price of Pundi X has gone down very far and it's difficult to increase again, so it's better you invest in UBT, because UBT prices have more opportunities to increase very high and of course it will gives you profit compared to you investing in Pundi X.
Candidly speaking, your selections are some sort of a good choice because I believed you carefully carryout a thorough research before you came up with these selection. Although, there are good coins that could have made a good list there, Cadano for example will be my favourite; if am to choose for addition to the list.
I suggest that with what you have left right now, you must pick one or two altcoins that you think will give you gains in the long run. I'm suggesting coins like Ethereum and BNB. Diversification is really a good idea but if you only have that funds then much better to stay on one or two coins. Btw, choosing BTC as the highest proportion is really a good choice, good job.
As for me, your list looks great. In fact, I guess you made a good research before creating it. With such a wide portfolio, your chances to get profit are high enough.
Investing into multiple Altcoins are good because as many people say, there are more chances of earning when you have different sources of possible income to obtain. In that sense, getting into several Altcoins you have sorted out among the massive numbers of Altcoins existing in the market, you must have already known well the Altcoins you have gathered because you are the one who chose them so it means that the decision you have made relies on the standards you have set that will suit your preference. It will still be the bet to bring up having Bitcoin among your cryptocurrencies not just purely Altcoins and vise versa because those cryptocurrencies are existing with potential and worthy of investment. It is just that the challenge always be on the part of Altcoins because you have to choose wisely and carefully to assure you will be acquiring potential and worthy Altcoins to invest with.
It is one of the great strategies to protect our investment because every time it is impossible for us to estimate the market situation and most of the coins are losing their value. So investing in multiple coins will have a higher chance to increase the price of other coins, so the chances of losing value maybe less.
well that can be a good idea..
make sure you are selling after making x2 x3 in one of them, and buy another one
this x3 adds up to a good amount
in other hand if you diversify your portfolio too much
it will be more difficult to track and research the projects
I think investing in many altcoins can bring a lot of risks in investing and in my opinion should only invest some good coins like ETH, BNB, EOS, TRON because these are 4 coins that increase in price together when Bitcoin increased. make sure you are selling after making x2 x3 in one of them, and buy another one
this x3 adds up to a good amount
in other hand if you diversify your portfolio too much
it will be more difficult to track and research the projects
By all means must earn a return on this investment and always consider carefully before making decisions because every mistake will affect your assets.
If we don't want to get rekt and if we don't want to lose more money then we shouldn't invest too much on multiple altcoins especially if we don't have much time to check on it from time to time, and remember time is more precious for us so we should just focus on some altcoins that have high potential rather than taking risk in a lot of altcoins.
well that can be a good idea..
make sure you are selling after making x2 x3 in one of them, and buy another one
this x3 adds up to a good amount
in other hand if you diversify your portfolio too much
it will be more difficult to track and research the projects
I think investing in many altcoins can bring a lot of risks in investing and in my opinion should only invest some good coins like ETH, BNB, EOS, TRON because these are 4 coins that increase in price together when Bitcoin increased. make sure you are selling after making x2 x3 in one of them, and buy another one
this x3 adds up to a good amount
in other hand if you diversify your portfolio too much
it will be more difficult to track and research the projects
By all means must earn a return on this investment and always consider carefully before making decisions because every mistake will affect your assets.
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