Topic: Is it better to have many altcoins or it is enough to have few? - page 26. (Read 4949 times)

I normally hold 2 or 3, spreads the risk a little but I don't like having too many. Then I just invest into various ICOs.

Risk diversification is very important in a volatile market like this, so my advice is to have at least more than 10 coins in your portfolio.

Personally, I prefer to have 2-3, it seems to me that this is quite enough. You do not have to devote much time to tracking all your coins. It is best to create a list of 10 coins and choose from them some of the most promising and invest. I think that this will give the maximum profit.

Diversification of funds is very good but it doesn't mean you should split a small amount in tens or hundreds of poor performing coins. Depending on the size of your investment, invest in your coins that you feel will give you some profit in the long run.

   Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future.
   I see this situation in this way, now there are a lot of projects, and all of them are aimed at improving services, it's cool, but it seems to me that everyone has forgotten about the security of our data, but the block is well protected, but now. I read an article about quantum processors, they are already talking about the possibility of hacking, and what will happen after they become public, and the technology will improve. I began to look, and found an interesting project that is immediately ready to solve the problem of not only quantum protection, but also improve the speed of the entire system as a whole.
   I managed to participate in several ICO, some I earned quite well, I can say with certainty, for a good project, it must have potential for the future, that it will be needed in five years. Unfortunately most projects do not have this potential. I was lucky and I came across a project focused on protecting against hacking quantum processors, and to maximize the use of all the advantages of new technologies, project Kelvin Blockchain, you need at least to consider, because not every day there is such a good option for investing money.
   Kelvin Blockchain project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system. Multiple blockchains with different consensus algorithms, token types, and assignments will be available. The multichain technology allows creating almost an unlimited potential for speed and productivity. Kelvin Blockchain can launch up to 2^64 subchains - more available subchains will benefit in increased speed and security. Moreover, all the blockchains will be processed in one wallet so that the client could have fast transactions, secure investments and cheap smart contracts as well as a lot of other services at his hand.

Having few altcoins is better for you to focus than to have many altcoins that you can not handle it.  Even though , you have one or two kinds of altcoin , if it is  more profitable in short term  that would be enough than to have many that  are not profitable.

Of course, it is best to have a small number of projects. You can hold a lot of coins. If you spread the funds in too many projects, you must be distracted. You can't pay attention to the development of a project for a long time, and you will often make each A wrong judgment.

I save a lot of altcoins by participating in bounty programs. And the real money was invested mainly in only a few major projects.

Both of these two ways have their own advantages and disadvantages. It's better to invest in a way that you can control.

Not because you have many altcoins it may guarantee a lot of profit because I if you can't manage it then you'll be wasting your money and time. Just have few altcoins that is strong in the market and can sustain every volatility. Well if you really wanna hold many coins then by now you should learn to manage your expectations.

I think that the decision dependes on your experience in crypto, if you are able to have many altcoins, you will have it. I think that than more altcoins you have than it is better.

the benefit of having lots of coins held is that when it sells the coin when the coin price is higher than the purchase price, the profit earned will be more than just having a few coins held. and there is only one thing lacking if holding a coin in large quantities, which must be ready to spend big capital to get big profits too

Have a few coins but the coins that proven to have a pretty good development will feel more comfortable than having a lot of shitcoins. I prefer to have few coins in the wallet, other than for the reasons mentioned above, also because a few coins will be easier to manage.

I think it would be better to have multiple altcoins, because it can reduce your investment risk and maybe you can get more profit. So I think diversity will be a very good choice.

Having many altcoins gives you more opportunity for any of your coins to pump in value and receive big reward. But having too many also will divide your attention and lost focus in following the trend of good coins. You might not be able to know if its value shoots up.

The strategy of trading many altcoin will end up making you loses; for example you have 100 dollars to trade imagine trading like 10 altcoins; I.e 10 dollars per coin; that is very ridiculous from my perspective.

It not realistic for some that wants to make profit rather then loss to invest in many altcoin; I trade 1-2 altcoin at a time

You can buy DAGX. When you know the technology used by DAGX, you know why it is.
DAGX is currently available for trading at Fcoin and Gdex.

I have several altcoins in my catalog. But I focus mainly on reliable projects. Let not so quickly grow, but reliably save my money.

I agree with this. I think having 5-10 altcoins would be enough. Choose carefully. I would suggest buying 5-8 from the top 20 on the CoinMarketCap, and investing in 2-3 new altcoins which can grow big time but also have a chance to disappear  forever. Do not invest a lot in the new alts, but do not ignore them either. Who knows, maybe one of them will rise 1000 times in the future making you rich (which will hardly happen with the coins from the top 20).