Is it better to have many altcoins or it is enough to have few? - page 12.

masterfu678

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Activity: 280

Merit: 10

www.becent.com

Quote from: kjnfmplm on March 10, 2018, 05:33:51 AM

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 had almost 40 different altcoins as investment during the peak of ICO activity. Half of year has passed and only 2 of them are tradable and developing. Some teams stopped the projects, some just stall all the money, and some still try to develop the solution and hope for the best to come. Therefore, numbers does not matter.

vova.andreyan.94

jr. member

Activity: 336

Merit: 1

Having a large number of altcoins gives you more chances to earn when the market starts to grow, because not all coins will go after Bitcoin!

fortunecrypto

legendary

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Merit: 1047

Quote from: kjnfmplm on March 10, 2018, 05:33:51 AM

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?

Of course, it's better to have more than few, there are instances that those dead coins for a long time suddenly made a comeback and people start pumping it, like the case of peepcoin and some other coins but do not invest in a coin that has no movement, volume or update you are going to lose here.

hashshashin

sr. member

Activity: 728

Merit: 250

Look ARROUND!

We must acknowledge the fact that a large number of coins (projects) have appeared on the market, and their number is growing, but we must be able to choose those that can bring us profit and which can benefit in the real world with their technologies.

letsfly

member

Activity: 350

Merit: 10

They say not to put your eggs in one basket. I think it is right and having a lot of altcoins or investment is safer. Just make sure though you are holding , solid altcoins with community support nd trusted developers.

Obolo

jr. member

Activity: 182

Merit: 1

I see nothing wrong with having so many altcoins. It is very good to have many altcoins as you don't know which altcoin will make you wealthy. If you get the opportunity to earn more altcoins, you should grab such an opportunity. As the saying goes, Little drops of water makes a mighty ocean. So having more altcoins is a good thing.

danfred

member

Activity: 304

Merit: 10

Quote from: kjnfmplm on March 10, 2018, 05:33:51 AM

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?

If you are going to hodl, you need to limit number of your tokens to five and hope for all of them to become sucessfull. If you are going to trade tokens actively, you need a lot of different option. In this case, diversification should be profitable, because it would help yout to cover all the losses. If you are not able to manage with huge amount of diffrent tokens, second variant is not what you need.

Jakson123777

jr. member

Activity: 168

Merit: 3

It is better to have 10 altcoins in your portfolio if you are an investor,not a trader.Or buy so much on ICO.A few coins will fall after entering the exchange.A few coins you sell for as much as you bought.A few coins will grow a little bit.And a few will bring a cherished good profit.

Trixie28

full member

Activity: 406

Merit: 100

I think it is better to have more outcomes in the future so that we can get a good profit. We can join a lot of bounty campaign as much as you can pursue our dreams come true. Collects more altcoins so that we can be rich soon as they have values.

goffbar

jr. member

Activity: 103

Merit: 9

I think it's better to relying on 1 strong coin but however it's too dangerous. I suggest to split it to 2-5 project which include on top coin on CMC.

Leenwar

member

Activity: 434

Merit: 10

Top 50 coins in the market are safest to invest everytime but invest in parts in 5-10 projects and hold for long term.

Nikolas_the_Wonderworker

jr. member

Activity: 238

Merit: 1

With a stable or falling market, only day trading saves. Invest better not more than 3-4 altkoins. It is already difficult to follow a large number on the crypto exchange. If you don’t be greedy, you can easily earn 1% on each altcoin and, in general, make 3-4% of your money turnover in a day. This is a very good strategy.

mikkev01

jr. member

Activity: 140

Merit: 1

I prefer to hold only few altcoins. If you concentrate on a few coins, then it will be easier to keep track of them and to make the important decisions. but then it is possible that the spread will be at risk if you are investing in a large number of coins.

Tamila

copper member

Activity: 196

Merit: 0

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 ...

alexsoul

jr. member

Activity: 182

Merit: 1

”Decentralized Digital Billboards”

The presence of a large number of altcoins can confuse a beginner, but among the many useless projects, there are really popular ones that solve real problems and bring the future closer. Such coins are highly rated and have a high capitalization. And projects with the same focus increase competition and accelerate development.

soundrum

copper member

Activity: 140

Merit: 1

I think with many altcoins, there is high possibility of making to make a fortune from one of them, though there are chances of losing heavily in them also but with few profitable ones, it will cover the loss from others.

Tanya12356

full member

Activity: 476

Merit: 100

Quote from: idioma1 on September 20, 2018, 03:08:21 PM

I read one man collects altcoins and has more than 200 but is it profitable?

It is beneficial if these altcoys have values.

theGrind

newbie

Activity: 49

Merit: 0

in my opinion rather than having many worthless coins that will be thrown out continuously until there is no demand for it. It would be better to have some altcoin with a bright or good price in the future

Danica22

full member

Activity: 195

Merit: 100

Free crypto every day here: discord.gg/pXB9nuZ

It is always depends in the situation, if you have enough capital then it is better to spread in to 3 or more altcoins but if you have only 100$ to invest just focus in one altcoin. Don't try to spread your 100$ capital because you will realize the profit is slower than snail.

rhenrhen

member

Activity: 336

Merit: 10

Of course, the more the merrier. The more tokens you have, the more profit you will get. The more coins you have, the more you have savings.

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