Is it better to have many altcoins or it is enough to have few? - page 38.

microwave

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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?

Many different coins are more advantage to have a lot of saving and more profit to get. actually if you have capacity to have that, that's really good you have more choices in terms of investment and not only that if one or two coins are failed and not succeed their Flatform, you have many extra coins to be use.

JoseJoseJose

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Varanida : Fair & Transparent Digital Ecosystem

Investing in altcoins, especially on ICO tokens are matter of time and money. Money because you will invest to these token and consume time and effort on bounties if you want. The risk of having altcoins was if you invest on it, theres a possibility that the coin was not succesful. If that happens, your money at time will be a huge waste. But the perks of altcoin was when it was a succesful one. You can have a better amount money in time of exchange.

Menawikitajodohkok

newbie

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better have bnyak bitcoin or alcoin, because when the price rises have a lot of advantages than have a little, when prices fall better in store in the wallet

vilmagirl

newbie

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It is best to invest in several altcoins at least 10 different ones in order to distribute the risks. The minus of huge number of Altcoins is that it is difficult for an investor to orient, as a large number of coins are just air, which has no technology behind it. It is worth studying the coin, the company, the team and so on and only after that invest.

gwyncox.81

newbie

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The best to have an altcoins that is few but worth holding for long term.If i have to choose, i would really choose to have a diverse investment because it can give me a better chance of earning big profit too.

jump4ever

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As practice shows, it is best to store money in several coins, for example, in my portfolio there are about 40 coins! Almost all coins are from the Top 20, about 10 coins in the future which I believe, and about 10 coins as a risky piece!

crossabdd

legendary

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the benefits of having altcoin, you can get a lot of advantages when altcoin that you hold all pump prices. but you will lose a lot of money if altcoin you buy is not have a future. it will lose its value. better little altcoin but it is best. such as ethereum, LTC, WAVES, ADA, NEO, TRX, this is the best altcoin. so that between the risk and profit greater profit to hold the long term.

Len_nin

jr. member

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xCrypt

To mimizie risks it's of course better to invest in many coins and of them is high likely flies high and will justufy you expenses including other coins,which didn't increase in price.

pendong101

newbie

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I think 3-5 is enough for me but the coins that are highest quality, i mean why have many coins when the others is shit coins. You earn in other coin but you lose to shitcoin that you bought so in the end you didn't earn

RomertL

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It is depends on how you choose investment. If you good in this and surely know that your choise is greate you can buy only few coins. If you are not sure in your choises, then I recomend invest in many projects.

iam1997

newbie

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Having many Altcoins is better than having few cecause it's profitable. As the prices increase, so do your profits....

liseff3

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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?

It all depends on the intention nor the abilities of each, especially in terms of management.
There are many different digital currencies each has distinct advantages and disadvantages. Some offer a lot of innovation, supply, a team of reliable developers and different potential. Meanwhile others are offering little innovation but have great features. Of course this can make your choice quite complicated. The same thing by having a lot of coin.
However by having many coin of course the chances of success are numerous, as said, by Chuokie.

Quote from: Chuokie on March 10, 2018, 05:49:29 AM

Keeping too many coins has more chances that you can earn a fortune from one of them, though, same with the bad side that some coins are just waste of money but at least if you have more profit than losses then it is fine. Holding a few coins will just hold you back from earning.

jademacoy

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Well it is better to have a lots of altcoins because this altcoins are coming from different areas around the world and as we all know that altcoins are the faucet of bitcoin since all this crypto are altcoins to bitcoin. Definitely all the funds gathered by these ICO will indirectly go to bitcoin that will change market price on it and will go strong. Aside from that more ICO means more bounty campaign so definitely earning with this altcoins are good when there too many altcoins.

Arroware

newbie

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I think more have altcoin, because we will get more good profits, because the future of bitcoin is also a good future, so we believe that we will get more profit.

mornabo

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Quote from: airdnasxela on June 14, 2018, 08:36:01 PM

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?

It is good to have many alternative coins because you got more possibility to have profit because of diversification but the problem is, there are many coins that are usually ending dump. In this problem, the possible solution is to identify the legitimate coins and it is hard considering there are at least 13000 altcoins available. Also, altcoins have no real life use unlike bitcoin and it is just use as money.

Yeah I know there are a lot of potential coins in the market, but if you have a lot of coins in exchange, would not that make you confused in the analysis? and of course the risk would be much bigger right? I myself prefer to focus on some coins only, it will be more secure #imo

leoleobeck

newbie

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from my point of view, you have many currencies with you. In some cases, currencies drop.On the other hand, if you are investing in a large number of coins, then that will spread the risk.

jeffer8035

member

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It is good to have many rooms, of course, if the more you have the better, you have to know how to take advantage of them and pay attention to them when they go up selling a little, but if it is profitable to have several, classify them as good and not as soon as possible. possible and if it gives you profit to sell up and buy back down that simple and also depends if the ace received free or purchased is already at your own discretion if you bought only stay as you can control and follow up to get benefit if not so many you would miss opportunities to make money

Hoho29

member

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HalommmmE is my LOVE

Yes it is better to have different alternative coins locally stored ...profit wise for long term strategies .

Silenox

full member

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The Blockchain market is booming, making some bets can yield a lot of profit. I would put 30-50% in Bitcoin, and the rest in strong coins, already consolidated projects and bet on some ICO's and new projects. Following the maxim, do not put more money than you can lose.

sirmitchel

full member

Activity: 164

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I think for some reason it might be better to have a few altcoins than have many,
having a few but stronger coins would make things easier to manage and handle.
But hen again if one is into investing that much, diversification of investments basically
means owning a lot to maximize future profits and investments. It all comes down to personal
preference I supposed.

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