Is it better to have many altcoins or it is enough to have few? - page 4.

sleepless

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“Crypto Depository Receipts”

Quote from: memFISTO on November 19, 2018, 06:16:03 AM

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?

Altcoins are not the most reliable components of the market. therefore, I think that it would be better to look not at the quantity, but at the quality. This will be of key importance

This is a cryptocurrency market, so there should be a lot of different coins. The fact is that there are a lot of weak and unnecessary projects for whom the investor loses a lot of his money. It is necessary to regulate the cryptocurrency market.

DeKingCrypto

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What you should be looking at is the value of the coin not how many different coin you hold, you can have 100 worthless coin which will mean nothing, but only one good coin can mean a lot.

max65

member

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For me must better to have a few altcoins rather than many altcoins because to have many altcoins are to risky.Now a days more coins are in red and some are disappeared in top list in the market.

cubicdissection

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i will be prefer only invest in potential altcoins for my long term strategy you can hold many altcoins which will give you good profit in future but before investment in any coin check project and team behind its

Tduty

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I think that it will be better to keep and trade many altcoins. We don’t know exactly which ones will be up pretty high. I think if you have many coins or tokens, some of them will be potential in the future but not all of your coins. I have many coins but all of my coins are not potential.

Mr.trader

newbie

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I think if we do research and find a good altcoin then having more altcoin is good , 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.

memFISTO

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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?

Altcoins are not the most reliable components of the market. therefore, I think that it would be better to look not at the quantity, but at the quality. This will be of key importance

Boybugwal760820

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Activity: 308

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In my own opinion which is also based in my own experiences with crypto currencies and altcoins I would really choose to have a lot of altcoins or crypto currencies rather than to have a few of them because if there's any of them will gain a market value it will be a big jackpot for you.

XLadyX

copper member

Activity: 73

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Personally I'd want to have few high quality coins than many few coins. When you have 10000 of a particular coin, when it rises, you tend to gain more.

Lolox

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The more value the altcoin has, the greater the results can be achieved. However, that can all happen if you are able to choose a potential altcoin, and not only put all your money in only one altcoin. Expanding the investment field will expand the source of income. So that the value of your money can be more useful and can continue to grow until it reaches the highest number.

alt-fire

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Now it does not matter how many types of coins you hold, still they all got 10 times cheaper than they were

BTCHadzija

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I personally think that it's better to only have a few, it's difficult to keep up with a lot of them and if things go wrong risk management is easier with less tokens

Uguande

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Merit: 10

Quote from: Gatotare on November 18, 2018, 10:04:45 AM

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 recommend investment to maximum 5 or 6 project at the same time beucase if you buy 10 15 kinds of altcoin, it would be very difficult to follow for you and you may miss the news about projects so you must consider this.

It is very hard to follow news if you invested in many projects. On the one hand you diversify your risks, but on the other hand it is better to invest in several good projects, so you can follow all of the news

Lake20

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Activity: 126

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I don't think it is a better investment decision to have a ton of altcoins, though the question depends on who you have but as for me, I find it very difficult to keep myself updated about many coin and this has led me to sell off some of my holdings. As for now, am only holding few that I have strong believe in the project.

Stan lee

brand new

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better to invest in many coins to get good passive income...but choosing the right one is the key

EL-NIDO

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First of all it is better to diversify your portfolio. I recommend to hold more of your investments in Bitcoin. It is still the most trusted and stable cryptocoin. The more altcoins you have the more it will be difficult to manage each coin. Only hold altcoins with real use cases but quality over quantity.

Gatotare

sr. member

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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 recommend investment to maximum 5 or 6 project at the same time beucase if you buy 10 15 kinds of altcoin, it would be very difficult to follow for you and you may miss the news about projects so you must consider this.

GodsChosenVessel

copper member

Activity: 164

Merit: 0

Keeping many altcoins is meaningless if these values are nothing to write home about. Sometimes a single altcoin might be way better than hundreds of altcoins when it's market value is reasonable.

bitjoin

hero member

Activity: 1372

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We must to be smart in analyzing the altcoin, so that we get the profitable for the future , beside that, if we have a lot of altcoins but can't control the price it's the same as the results don't exist, it's better to have a few altcoins we can control the price more freely the market later.

NikNight

full member

Activity: 552

Merit: 103

I am sometimes frightened by the constant increase in the number of different coins. Although we need to consider that it is better to have a lot of cryptocurrencies, rather than see a few monopolists.

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