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Topic: Is it better to have many altcoins or it is enough to have few? - page 10. (Read 4957 times)

full member
Activity: 602
Merit: 100
Of course, I think it’s best to have a lot of altcoins, because I think that the more altcoins you have, the more opportunities there are for you to really get rich sooner or later. We are all here about this.
member
Activity: 196
Merit: 10
In fact, every investor should make the appropriate decision based on personal work strategies and preferences. You also need to take into account the specific altcoins in which the investor invests his money. Personally, I prefer to distribute investments, but usually hold no more than 20 coins
jr. member
Activity: 110
Merit: 1
Staker.network - POS Smart Contract ETH Token
The less shitcoins you hold, the better for your portfolio and your mental health. This is not the best of times to be a massing shitcoins. Capital preservation should be your priority at the moment. And one of the effective ways to achieve that is by reducing your exposure to Altcoins. They are highly volatile and unpredictable at the moment. Just my 1 Satoshi!
legendary
Activity: 1834
Merit: 1001
It all depends on what kind of money are we talking about. If you have about $100,000 then it makes sense to enter a large number of coins. With a smaller Deposit, it is better to focus on several projects.
full member
Activity: 630
Merit: 103
I am always for the quality. Therefore, for me let them be at times less. But at least worthy of our attention. And when the market just dam not understand what. This does not alleviate the situation.
I agree with you, do not chase the number of coins, and it is better to choose good projects. Also, do not choose just one or two coins in which you want to invest, as it is necessary to differentiate their risks.
sr. member
Activity: 700
Merit: 251
have a lot of coins will have the advantage of opportunities could feel the increase in coins became bigger. Although not as big for results if focused on the little coins. This would be better than having a coin in a key a little bit. Moreover, when the coin has decreased a bit right then it helpful because there are also coins that will probably go up so it's not too great in experiencing loss.
member
Activity: 168
Merit: 10
I am always for the quality. Therefore, for me let them be at times less. But at least worthy of our attention. And when the market just dam not understand what. This does not alleviate the situation.
full member
Activity: 868
Merit: 100
It is always best to have diversification and having few variations of alts would not hurt provided they are not just any junk. Do not invest everything in one basket and let the funds grow with time and I am sure with time it will bring in some good results. However, do make sure you read everything about the project before getting in. No one wants to lose their hard earned money, right?

Many and myself as well, trade altcoin for BTC, in other words Alt are used as means to gather more BTC.

Cheers!!
jr. member
Activity: 448
Merit: 2
First of all, I believe that investing is always a risk and looking for promising projects before they got their popularity. Having a lot of altcoins in your portfolio is its diversification, a guarantee of stable growth and a greater chance to make a significant profit.
member
Activity: 242
Merit: 10
I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

Having many altcoins diversifies your assets. There is a big chance that one of your coins will pump up. But having many altcoins also divides your focus. Especially if you trade mostly. There is a possibility that you might not be able to notice the short rise or drop of some of your coins.
member
Activity: 294
Merit: 10
Number should not be a priority, while knowledge should. I meand that five good atcoins may be much more profitable and prospect than hundred of others, which did not make it to the exchanges, or made it, but without any benefits. Choose your investment opportunities wisely.
sr. member
Activity: 532
Merit: 250
It is risky if you have all those alt coins,only hold good potential altcoins because many altcoins will lose its value year by year so be care while picking your altcoins.

Last year, when my investment was only a few hundred dollars, I chose to invest all of my assets into a single altcoin that I found to be able to raise prices. And luckily the market was posting very well and made me profitable
member
Activity: 462
Merit: 13
It is always safer and better to cast your net wide, altcoins are really many in the system and holding with few could be quiet damaging. Go in for as many as you can. Who knows you might even invest in the next best altcoin in the market. 
member
Activity: 378
Merit: 19
Xch4nge.com
I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

Every coin circulating has a different growth rate, everythings very dependent, on the community behind it. Little or many types of altcoins which you have I guess that doesn't matter, what matters when you choose them, make sure that you choose them carefully that they are real coins which are very potential.
full member
Activity: 445
Merit: 100
It seems to me that it is better to have only a few, but more promising for the future, since many coins have no value, so you should choose a few with a good product.
member
Activity: 168
Merit: 10
The World’s First Blockchain Core
I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

I think you can choose 4 or 5 altcoins But i believe more than 5 coins is bad for holding. because we need to choose strongest ones.  Surely you can hold 20 different type of coins. But for example i am holding 5 coins for bull market. Because i like to hold some coins which i have really huge information about that. I am tracking news everyminute and monitoring their telegram channels etc. But i cant do that for 20coins. So 5 is enough for me.
full member
Activity: 546
Merit: 100
EndChain - Complete Logistical Solution
Earlier I thought that it is better to have many altcoins. But it is hard to be always online and you can miss some dumps and not to sell at the correct time. So now I think that it is better to have a few altcoins, but to monitor them always
jr. member
Activity: 223
Merit: 1
I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?
When you have only a few altcoins, it is easier for you to monitor your crypto portfolio and you will react faster in case of force majeure.
hero member
Activity: 896
Merit: 500
Of course, better have up to 10-15 altcoins in their portfolio. By doing this, you reduce the risk of losing your money and increase the opportunity to increase your capital. It is never known which coin can give you x100-x1000 ...

No doubt - when you have at least 10 altcoins in your portfolio, your chances to get the profit at least from a couple of them are increased. As for me, I have been working with 20 tokens and plan to buy more.
full member
Activity: 406
Merit: 100
Most of tokens are influenced by overall market situaton. When market is good - they grow, when market is bad - they fall. You need to find out right options, which could show stable growth even when the market situation is awful. It may be pretty challenging, but believe me, it is worth it!
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