Is it better to have many altcoins or it is enough to have few? - page 28.

hohuan101

member

Activity: 341

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?

The market now has a lot of shit coins. Do not buy too much, focus on potential coins. You should only buy many altcoins when you do day trading. Do not hold them!

macchiato

full member

Activity: 420

Merit: 103

If you allocate your fund for a reasonable number of altcoins, that is good. But take note, REASONABLE. You want to have a right number of coins based on your fund. Do not overbuy altcoins because too much of it will give you a less profit in return in case one of it increases. BUT, do not hold just a few. That means greater risks. Was it confusing? Just keep in mind that too much of everything isn't okay as well as having just less.

lkcryptostar

newbie

Activity: 70

Merit: 0

I sold almost all of my coins. The market is very unstable and so I do not risk investing in an alternative coin now. I prefer to invest in Bitcoin and keep my capital in USDT.

calexander55680

newbie

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The problem is that you are also increasing the chances of failure because each of these coins can lose value just as fast as it can gain it.
Having more coins makes you monitor multiple charts, read multiple predictions, follow multiple dev groups... It's annoying and I see it as a waste of time. It's better to have a few.

bilbilon

full member

Activity: 392

Merit: 100

i try to have many altcoins in a cheap price but i'm picking it seriously that have a potential i make a lot of research every altcoins i buy then if it hits in the market and gain profits then surely i will sell and then i'm going to buy the main coin that will surely i can hodl.

manbota

member

Activity: 308

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?

Personally, I believe that it will be useful to have a minimum of 10 largest coins. The main thing is to stake on reliable projects that have real prospects of using and developing in society.

Kyo Kusanagi

newbie

Activity: 124

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The risk of holding altcoin is very large, so when you invest in altcoin you need to make the worst plan, so that you can stay calm in this market and not feel overwhelmed by market fluctuations. I think multiple altcoins are better because it reduces the risk.

Larymause

newbie

Activity: 70

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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?

Personally, I prefer to have only 2-3 coins. It seems to me that it's better to spend time studying these coins and choose the best ones. I think that it can give more profit than 10-20 doubtful coins. But the risk here is definitely greater.

a_t_e_e_b

newbie

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I think having a many couns in small amounts is good as it can give you more options and better support as many coins may get dumped and you could recover from the rest

Raufjoze

jr. member

Activity: 317

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altcoin can also be sold like bitcoin. Although not as big as bitcoin prices and while having why there should be a limit. If we had much better even though there was no price

vasilisc555

member

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You can have a little and most importantly good in terms of relevance and manufacturability of this or that coin! You can safely borrow from the top ten.

landyndanaju

newbie

Activity: 22

Merit: 0

Because many altcoins will lose its value year by year so be picky while picking your altcoin.

maflec0713

newbie

Activity: 104

Merit: 0

Hi. Both ideas are good and either of the two is better. The advantage of having many altcoin is that you can if it has value or not. The disadvantage is that too many altcoins has no value and it only appears only a number in your wallet. It giving you a sore eye to those altcoin that has no value in your wallet but as I have said we don't know when the coin before will grow. The advantage of having a few altcoin is that you know or choose only the coin which you think has really value and the disadvantage is that your only limiting the chance to earn more. But as I have said that both ideas are good and it depends upon you how you manage it.

fadlyzuld

member

Activity: 308

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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 think we should invest to the coins that we think it has the highest potential. But don't put all your eggs in one basket, I'm investing in 4 different coins.

DarkTaiga

newbie

Activity: 154

Merit: 0

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?

The important thing here is the coin you hold. Potential or shitcoins? Quality is more important than quantity. So holding many coins or few coin is not important. No benefits, no harm, it's all depend on the coins you invest. But I still recommend holding many coins because you will get more chances, less risks.

DanilovaSeverina

newbie

Activity: 62

Merit: 0

Yes, it is better to have different alternative currencies stored locally
reasonable profit and long term strategies.

MortonAlden

newbie

Activity: 192

Merit: 0

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?

Nope. Do not even think of overloading your wallet with excess coins. It is always better to have a few but great coins. I can tell you about tau, icx and wanchain as they work great and I would definitely recommend them for high profits.

KenyonCarter

newbie

Activity: 173

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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?

Well honestly, if you have a few that work excellent, you do not need more. I have recently invested in paragon and ripple and I believe with this combo, there is nothing more I need as they are great for earnings.

terkapar

newbie

Activity: 118

Merit: 0

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 if you have a lot of coins will be a lot of profits obtained but also will be a lot of losses if the price decreases. all positive and negative. but I think it's a lot of profit if you invest in lots of coins.

SHawk

sr. member

Activity: 658

Merit: 250

I believe the decision is left for you to make whether to have so many altcoin or just few but which ever one you take, make sure you take time to do a very good research of the coin and be sure it is a potential coin before you invest in it. Moreover, it is good to have as many altcoin as you desire as long as they are good coin because incase of any fall in price of one, you have some other ones to cover for the loss.

Topic: Is it better to have many altcoins or it is enough to have few? - page 28. (Read 4949 times)