Is it better to have many altcoins or it is enough to have few? - page 29.

Akselrod

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Quote from: kjnfmplm on March 10, 2018, 04:33:51 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?

It all depends on the amount of your deposit and your risk management. To have more than 10 coins is less risky than having a few, but it may not be so profitable. Everyone has their own opinions on this. Personally, I try not to distribute money for more than 5 coins.

Jimile

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the main thing is not the number of altcoins in your portfolio, but the prospects of the coins that you keep

faceoff97

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Quote from: kjnfmplm on March 10, 2018, 04:33:51 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 gather different kind of coins but the volume I'm getting is depending on the potential of the coin in the future. It's good to diversify the investment because it's basically reducing the risk of losing, it also increase your ability to gain greater returns. You won't missed any sudden increase of price of a coin. Just take a lot of reading, and be sure that your are investing on the right coin.

sammyp

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I believe in diversity so I have managed to spread my investment across different altcoins. There have been several times when a particular coin suffers a great depreciation and at such instances you need to have other coins which should be doing well so as not to depress you. For me I would say keeping so many coins is actually the best option.

Carina.P

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Quote from: ungongbuotan on July 12, 2018, 07:17:58 PM

I prefer havibg diversity on my coins rather than focusing on one. Yes I know profit is not gonna be that big compared to focusing on one but I have a bigger chance of survivability. If I have diversity on my coins then it is okay for me if one fails because I still have others that can give me profit but if I focus on only one coin I will lose everything if that one coin fails.

Focusing on investing in one token is a very dangerous thing. The encryption market is particularly volatile, if not dispersed. There will be a great loss of probability.

ungongbuotan

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I prefer havibg diversity on my coins rather than focusing on one. Yes I know profit is not gonna be that big compared to focusing on one but I have a bigger chance of survivability. If I have diversity on my coins then it is okay for me if one fails because I still have others that can give me profit but if I focus on only one coin I will lose everything if that one coin fails.

askmecrypto

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Quote from: kjnfmplm on March 10, 2018, 04:33:51 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?

One of the basic rules of investment is diversification, i.e. investing in multiple assets so that you safeguard yourself from unknown reasons of a downfall in one investment.
Now, this is not just crypto, I personally diversified my investments in real estate, forex, stocks and yes CRYPTO too.

When it comes to crypto, it is one of the most volatile market and hence the chances of getting rekt is higher too, so diversification is a must here.
So it is good to invest in multiple altcoins, but again, your portfolio must not over diversify, i.e. investment in many many coins which you cant keep a track on.

So invest in multiple coins but only to a certain numbers where you can keep a track about all of those projects, dont get involved in 100s of coins, pick up a lesser number which you can if not daily, can track weekly or bi-weekly basis so you understand where your investment is heading.

realsteve

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It depends on the level of risk you are comfortable with. 80% in coins like bitcoin and ethereum can be safe. You can take a higher level of risk with the other 20 percent.

CaMeRoNy

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No need to invest in everything altcoins. Choose only those that have great potential, but also do not invest only 2 or 3 coins. It is best to choose 10 - 15 altcoins.

Caesar-Giulius

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Buy, sell and store real cryptocurrencies

I guess the key thing is to have good coins instead of numbers of coins. So I will suggest you to concentrate on finding the potential coins and add to your portfolio.

cepot9

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Cryptocurrency addict | Invest at your own risk.

when you just keep 1 type of coin it seems that it is a loss, better you hunt and save some coins or tokens a few months later if the blessing it will give you a surprising money.

matanglawin

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The Organic Growth Token

Having a few but promising cryptos to hold, is much better than holding many whereas some are not that potent. Also in this way, investors would be able to invest bigger amount of certain cryptos which would generate bigger profit. Not all altcoins are having a chance to have a higher market price in the future.

dewynijhof

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Quote from: kjnfmplm on March 10, 2018, 04:33:51 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?

In my opinion, having more altcoin would be safer. The cryptocurrency market has a lot of altcoin, if we only invest in 1 altcoin then the risk will be high. Nobody put all the eggs in one basket. I advise you to diversify your capital, you should invest in those altcoin with growth potential, preferably altcoin in the top 100 coinmarketcap. I believe that long-term investment will bring you a lot of profit.

forevergala

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I have many altcoins. I think it is obvious that having as many altcoins as you can afford is always better than owning just a few ones, because you don't know which coin/token will rise highly in the future and which coin will die, so diversifying your altcoins portfolio is minimizing the risks and making your chance to get daily profits bigger.

Drunken Lullabies

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in fact I think it is great when we have altcoin with many types. Because that way, we can set the time so trading. We could play it short term or long term with some kind of altcoin that we have. And of course also benefit we can get more.

Chrisjay

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Will for me its is best that you few enough. Because lot of holding token is so hard to monitor sometimes you didnt watch them. Thats why its best to hold few. 4 or 6 holding token is enough..

Nelly.G0211

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At the moment there are so many altcons in the market, so collecting lots of them in your wallet isn't reasonable, i guess. But having btc and ethereum might not be enough. Unfortunately, there are lots of shitcoins and you'd better watch them out. Lots of information to read is being written for us everyday, find your lucky coins according to some experts' opinions and analysis.

enhu

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Quote from: elygil2022 on July 11, 2018, 10:12:38 PM

You’re correct to diversify your investment. Five is just about right. Get Ethereum, Litecoin, Ripple and two others of your choice.

Don't limit it to have just 5 of them. There are hundreds of them that we'll see very much useful when comes the time the product is released. Tezos for instance or EIDOO token is one of a kind hybrid exchange that is going to be released sooner. Also if you hold this token you will receive a lot of airdrop from its exchange. Its a win-win situation.

elygil2022

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REMIIT.IO

You’re correct to diversify your investment. Five is just about right. Get Ethereum, Litecoin, Ripple and two others of your choice.

mihtju

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I think you should have a lot of altcoins and not necessarily just altcoins. The more different coins you invest (the main thing is not the slag coins), the better, as this action you diversify your risk.

Topic: Is it better to have many altcoins or it is enough to have few? - page 29. (Read 4957 times)