Topic: What is the maximum number of different cryptocurrencies we should invest in? - page 3. (Read 486 times)
March 05, 2018, 01:16:40 PM
There are no minimum and maximum number of cryptocurrencies that you should have it is really depends on yourself,if you can monitor hundreds of coins daily you can have as many as you can,but for me quality over quantity would still the best,good projects will eventually grows and those trashy projects will soon wont have any value.
March 05, 2018, 01:10:24 PM
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March 05, 2018, 01:08:33 PM
That is totally an individual decision depending on your investment strength, strategy, and goals.
March 05, 2018, 01:05:50 PM
There's no limit in investing on different altcoins. If you're a person who takes a lot of risks, then you can invest as many altcoins you want. But, if you're a person who's really picky and don't have the guts to invest to 2 or more altcoins, then it's okay-- you are just being cautious. You'll just need to find the right project for you. As I said, it could be only one or lots of it. It really depends on the person investing. Of course, you need to know more about the projects you picked, ask questions, do some research, and have all the requirements needed in order to not get scam by it/those.
March 05, 2018, 01:01:57 PM
There are no exact limit to the maximum number of coins that you can invest in,it should be depends on your risk but for me the less coins that i am having the less headaches that i have,having a lot of coins to monitor each day is really stressful,you should have more quality coins that a lot of shitcoins that might not give you too much profits.
March 05, 2018, 12:58:20 PM
I was reading some expert opinions about investing in cryptocurrencies and found that it's best to invest in three different cryptos. What is your opinion?
I don't think it's effective because in my own opinion, we could invest on different kinds of Cryptos as long as we are able to.
For me we could invest unlimited Cryptos and Altcoins as long as we trust an Altcoin because as long as there's a space on your investment portfolios then we could buy even more coins as long they're cheap and then sell when they pump.
It depends on the budget, if your money could invest only up to three Cryptos then don't force yourself because investing in Cryptos aren't always getting the profit within the time we want.
March 05, 2018, 12:53:12 PM
It does not matter how many projects you invest. The main thing to find promising. You can invest in 10 fraudulent and lose everything, but you can invest in one working project and earn a lot. So here you can observe a direct dependence not on quantity, but on quality.
March 05, 2018, 11:25:30 AM
In my opinion you dont have to devide the coin that you invest in. It sure good to devide the coin to make variety and hold them and when the coin is rise you can sell them and hold the that are down. But its not really necessary as long as you invest in good one.
March 05, 2018, 11:19:59 AM
You can invest as many as possible depending on your priorities. I haven't seen any restrictions on the number of coins to invest in.
March 05, 2018, 11:14:12 AM
I have been trading for quite a while now. I had various types of portfolios at different times. But I always preferred to have a variety of small and large cap coins in my portfolio. At a time, maximum I had were 34 coins and minimum was 1. I would say there isn't any specific number or a portfolio that one should own. But try to have a mixture of large cap coins as a long term investment, medium and small cap for short term trade and prefer very small cap Coins usually the most riskier one for day trading.
The number of coins or a type of portfolio one should own is highly dependent upon the amount of investment and the magnitude of risk one is willing to take.
The number of coins or a type of portfolio one should own is highly dependent upon the amount of investment and the magnitude of risk one is willing to take.
March 05, 2018, 11:13:10 AM
No one has the authority of telling you whole-ha the maximum number of Cryptocurrencies to invest in, since there's no such guideline. Your investment capacity depends on your time and money management. But you should just invest in fewer numbers with potentials and that can be controlled easily by you, other than investing in numerous with lower potentials that might be burdensome and which may make mess of the whole trading chips.
March 05, 2018, 11:03:27 AM
I was reading some expert opinions about investing in cryptocurrencies and found that it's best to invest in three different cryptos. What is your opinion?
there really isn't a fix number for that. it depends on the person. most people are "one coiners". they only invest in bitcoin and will never bother with any of the altcoins because they say it doesn't worth the headache and they are pump and dumps.
some others go over board and invest in 50+ different coins and hold them and even lost a lot of money in total which will negate if one coin goes to the moon even!
i say somewhere between these two is a good place to be. any number in 1 digits is good (1-9) and i would possibly go with 3 myself altcoin i never hold any altcoin for long.
March 05, 2018, 10:41:02 AM
I think so. Investing in crypto currency, on the first place Bitcoin, on the second Etherium. It is also worthwhile to buy other fairly large altcoyins, for example NEO, Ripple, Litcoin. It is also worth investing in pretty good small altcoins, the price for which is very small, but the idea behind them is good. These actions minimize your risk. Even if some kind of coin will be down, it's sure that something else will go up !!!
March 05, 2018, 10:34:43 AM
you no need to limit your maximum number of cryptocurrencies, I've invest and holding more than 40 different cryptocurrencies, you need a lot of time to manage and check your portfolio, I'm waiting them give me a surprised later (x10 profit)
March 05, 2018, 10:34:31 AM
Currently I have 30+ coins/tokens in my portfolio. But it's really hard to track all of them (even with Blockfolio/Cryptocompare) and I suppose that the best amount is 15+-5.
March 05, 2018, 10:24:01 AM
Take 5 ICO and check the telegram chat. Ask all questions you have and you understand what the best of.
March 05, 2018, 10:21:22 AM
I was reading some expert opinions about investing in cryptocurrencies and found that it's best to invest in three different cryptos. What is your opinion?
Everything is your comfortable in Crypto platform. I cannot understand your expectation I think you are confused in Crypto investment. If you like three cryptocurrency in your portfolio choose right coin. Because everyone is started in beginner then only gain some knowledge in Crypto investment. So before to invest you should check road map of that coin this will helps to choose the best coin. March 05, 2018, 10:17:36 AM
Investing in a basket of cryptos is not different from stocks. None of us know with 100% certainty which coins will eventually be big, but if you do enough research into each, you can increase the probability. 10-15 coins seems like a good number.
March 05, 2018, 10:15:20 AM
You can try Red Lanterns ICO with minimum 25 ~$25 tokens to buy. This is link https://ico.red-lanterns.com/
March 05, 2018, 10:12:47 AM
I think we can not specify the appropriate number because everybody works differently. It depends about your divisibility of attention. But yes, few coins is the best and the easiest option
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