Topic: Is it better to have many altcoins or it is enough to have few? - page 22. (Read 4957 times)
August 08, 2018, 05:40:26 PM
it is clear to us that more altcoins will have more opportunities that we have too, success needs total work and focus on doing it, not a half effort in all things, for me it has a lot of altcoins will be faster in getting much money
August 08, 2018, 05:38:58 PM
I personally like to hold not more than five or six cryptocurrencies in my portfolio, I think that there are currently too many altcoins with no future ahead, plus, the market itself is saturated so I prefer to stick to more mainstream and popular cryptocurrencies, in order to reduce risks, the rewards may be lower though.
August 08, 2018, 05:37:41 PM
Too much altcoins is one of the problems of cryptocurrencies. I think a lit of projects are good but doesn't really require to create a customized cryptocurrency to excel, I think there should be more collaborations between projects so that altcoins can be used on a lot of different platforms.
Tho is different from dial because countries have millions of citizens using there currency giving them high circulation but crypto projects can only boast of hundred thousands users at most.
Tho is different from dial because countries have millions of citizens using there currency giving them high circulation but crypto projects can only boast of hundred thousands users at most.
August 08, 2018, 05:33:53 PM
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?
To be practical, having many token holdings will give an investor a higher chance to earn profit since not all tokens are having a price development after being listed in exchangers, atleast, if you will have many coin, some of it has a chance to increase while others are not, which would give profit to an investor. August 08, 2018, 05:33:05 PM
Yes you must have some altcoin don't all in in one coin because big risk , but if their coin go to moon you will get more profit .
August 08, 2018, 05:30:12 PM
all depends on the potential of the coins that we have, if we have many altcoin that have good potential then we will have many advantages but if we have a lot of altcoin but don't have value, I think it's useless .. have a little altcoin but all have potential then that will be better
August 08, 2018, 05:19:38 PM
I think it will depend on what you are going to do, if you want to have a constant monthly income and be able to see your portfolio grow or decrease with enough security the best thing is to have at least something in the top 10 altcoins of coinmarketcap, now if what you want is to make quick money and bet on some currency to make you rich, it is recommended that you focus all your money on 2 currencies that you see them future but still people have not heard of them
August 08, 2018, 05:18:25 PM
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?
Since not all altcoins would be worth investing because only some are having huge price increase for a long run, having a few but promising coins would be a better investment. In such way, an investor won't have to divide his investments into different coins, making his token holdings for few coins, bigger. 
August 08, 2018, 05:12:47 PM
Actually we have our own believe on the particular coin we think have a great potential in the future. As what I did I hold some of my shares in order to have a great amount of profit in the future. Also, we need to aware the possibilities on such coins which can be downfall but there is still a possibility that can be increase for the long period of time as long as the user are willing to wait patiently
August 06, 2018, 10:39:10 AM
I think that you should not take too many coins, because you will not keep track of them. It is better to analyze a small amount and choose the strongest coins. Personally, I do so. 
August 06, 2018, 10:20:16 AM
80% of my funds are placed on the top 50 altcoins . in my opinion, they are more reliable. i will invest some quality coins in the rest, just listed. diversified investment is a good strategy. it effectively reduces risk . u better not put all your money on a few coins
August 06, 2018, 10:19:36 AM
as focus on works with moderation to gives on returns as might to gains as fine on supports of possession with resource on authorization investors to prepare as wise on managing with different limit on parts as one to turns with request as notifying use on indication to finish with numbers of results as objective dedication.
August 06, 2018, 10:17:20 AM
i personally prefer having a few than many altcoins. i think is better to have a few but potential and promising in the future for long term investment.
August 06, 2018, 10:13:16 AM
Personally, I prefer to hold only a few of them, but that is because I am aiming for long term investments, if you are a day trader than having a lot of altcoins is a must.
August 06, 2018, 10:09:47 AM
Diversification is definitely a better option, but you need to find good cryptocurrencies to invest in. If you think that the cryptocurrencies you invest in are very good, then you can choose to hold them patiently and wait for them to give you Bringing benefits, I think this is a very good choice.
August 06, 2018, 10:06:32 AM
i do have many altcoin in my wallet distributed by developer for each bounty campaign i have joined, its only look like display to me in my wallet, i know its needed for long term hold to see the value oh those coins. but as my experience it will be better to convert it only into potential and profitable coin such as bitcoin, ethereum and waves. i will try to convert it when the value oh tfhose coin start to rise.
A large number provides quality diversification, which is good, but the main question is which altcoins are in the portfolio. August 06, 2018, 07:00:01 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?
Well, if you invested your money into cryptocurrency, it's better to separated it to many altcoins. So when 1 altcoin price go down, you still have many altcoins to hold and maybe the rest of your altcoins have a better price and increased. Just have a few is a good choice too though, so you only need to focus on 1 currency like bitcoin and no need to worry about other altcoins.
August 06, 2018, 03:07:28 AM
I think that it is better to have only few coins but they are promising and profitable for now and then for the future. Choosing promising coins will make us aware to make certain strategy about the coins. having some promising coins can lead us to gain more profits although only some but with the big earnings.
August 06, 2018, 07:36:09 AM
i do have many altcoin in my wallet distributed by developer for each bounty campaign i have joined, its only look like display to me in my wallet, i know its needed for long term hold to see the value oh those coins. but as my experience it will be better to convert it only into potential and profitable coin such as bitcoin, ethereum and waves. i will try to convert it when the value oh tfhose coin start to rise.
August 06, 2018, 07:31:38 AM
In my opinion, in order to rely on profit in the future, it is enough to have 10 top altcoins in your portfolio and wait for their growth! I have a slightly different situation at the moment. Participating in several bounty campaigns, I collected more than 50 coins in the last year. Periodically, some of these coins give me the opportunity to earn. But I would not have bought so many coins for my money!
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