Topic: Whats better holding many coins or fewer coins? (Read 11598 times)
Of course, it is better to have a small amount of coins. For example, 10-15 coins (including coins for trade and coins for holding) are enough. You should always remember that it will be difficult for you to keep track of a large number of coins and all your free time will be spent on watching charts and news. I think that for an ordinary trader, especially if you have a main job, and you use crypto trading as additional income, this amount of coins is quite enough.
If you were not really familiar with cryptocurrency right now, and you were doubting about which to own and how much you wanted to spend, you may choose from top 10 to top 20 crypts, If you're planning for long term investment, for those are the most stable cryptos.
It's been better to have 4 to 5 cryptos on portfolio while experimenting, than, owning too many and unable to manage.
If you have 50K, don't spend it all, divide it, think about yourself, ask again, how long you're willing to HODL you cryptos, are you still able to sustain your lifestyle, even if you lost everything.
It's been better to have 4 to 5 cryptos on portfolio while experimenting, than, owning too many and unable to manage.
If you have 50K, don't spend it all, divide it, think about yourself, ask again, how long you're willing to HODL you cryptos, are you still able to sustain your lifestyle, even if you lost everything.
you can arrange your working space as you like, whatever suits you and make things easier for you.
True,, having more than what you can keep track of leads to mismanagement and unnecessary anxiety and panic. This leads to people making wrong decisions and mistakes that can be avoided by keeping a short and simple portfolio. I feel bitcoin and a few of the top10 coins except the forked coins is enough of a good portfolio.Quote
There are many good old projects we didn`t notice, new ones appear all the time, your portfolio follows that and from time to time we all add some new coin in our portfolios, FOMO is always in our minds and we buy what we think it will be more popular in the future.
Although I agree with your first comment I would avoid being involved in any such "project" because 99% of then ended up with either forcing KYC to get token swapped or devs abandoning the project due to either lack of funds and so on. Bitcoin on the other hand wont stop at these things.holding lots of coins or a little coin depends on the type of coin we have. it actually doesn't matter if we choose a coin that really has the potential and makes a profit. will lose if we hold a lot of coins but the coin has no good potential and only makes a loss.
besides making material losses, we lose time to wait so long. imagine we hold many years on coins which eventually become junk, it will be painful in the end. therefore I prefer the safest few coins to invest
Risk allocation is very important.I have a cryptocurrency for 10% of my portfolio but 51%is reserved to BTC.I have 6 coins.
You must have criteria and reason to stock a coin.Volume is important.Technology and supporting community are also important.I also check the algorithm for production and overall control mechanism.
You must have criteria and reason to stock a coin.Volume is important.Technology and supporting community are also important.I also check the algorithm for production and overall control mechanism.
holding lots of coins or a little coin depends on the type of coin we have. it actually doesn't matter if we choose a coin that really has the potential and makes a profit. will lose if we hold a lot of coins but the coin has no good potential and only makes a loss.
I know the question sounds stupid.
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
Making yourself rich with 50k usd put up on a shitcoin and hoping for some miracle pumps is possible but the question is,which shitcoin should be?But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
Better to go with established ones rather than risking into unsure coins in the market which wont even give out some light of chance for it to pump.
Put it up and you would be stucked forever.
A significant part of my coins in the portfolio is exactly those coins that I not only received while participating in the Bounty campaigns, but also those that I was able to learn thanks to the Bounty companies. I think that this is the best for me in the sense that I am confident in these projects, since I studied them thoroughly in due time.
From my view whether it is fewer coins or many coins doesn't matter, always that needs to be prioritized is the study about the market with continued observation. This way you can keep on selling and buying back based on the holdings in the portfolio. This will get you profit as well there will be continued addition of new coins when something without profit is sold.
It matters bro! Many coins should be speculated by only a glance but you need to take time before you launch your execution. It is better to have only few coins because you can see the improvement of your portfolio. In my opinion, we can make a long term and short term portfolio so that we can avoid confusion.
Don`t you think that all depends from persons capabilities and skills to manage more or less coins? Some can handle to keep track of more coins, some are having trouble with just one coin. You can have separate portfolios for your long and short term portfolios, you can arrange your working space as you like, whatever suits you and make things easier for you.
From my experience more coins comes with time, simply you can`t avoid that in long run. There are many good old projects we didn`t notice, new ones appear all the time, your portfolio follows that and from time to time we all add some new coin in our portfolios, FOMO is always in our minds and we buy what we think it will be more popular in the future.
From my view whether it is fewer coins or many coins doesn't matter, always that needs to be prioritized is the study about the market with continued observation. This way you can keep on selling and buying back based on the holdings in the portfolio. This will get you profit as well there will be continued addition of new coins when something without profit is sold.
It matters bro! Many coins should be speculated by only a glance but you need to take time before you launch your execution. It is better to have only few coins because you can see the improvement of your portfolio. In my opinion, we can make a long term and short term portfolio so that we can avoid confusion.
Holding many coins is better because you have a lot of options to have a chance to meet your expectations to multiply your money .While if you have fewer money you can have a small options to have a big profit.
Both of these are wrong statements because none of them are absolute. While this may come out to be true in one instance it will fail in another instance and thus you cannot universally use them. If you buy too many coins you have actually wasted capital on buying nothing but shitcoins which are never going back up. This leads to a vicious cycle of depression and anxiety and the only way to get out of it is when you sell, maybe at loss or not. But you wont be getting much of a profit. Luckily if one of those coins skyrocket in price and you manage to sell then you would profit. But the odds of the second outcome is very small.
If you still need to choose between Bitcoin and ethereum, then in the near future I hope to get a very good profit thanks to ethereum. My assumptions are based on the fact that I compare the price level of the beginning of 2018 today. If you focus on the price of Bitcoin, then ethereum should still be higher than the price you have today, based on the indicators of Bitcoin. Based on this, I believe that maybe by the end of this year I will be able to increase my funds at least three times.
This isn't thread about bitcoin vs ethereum for profit, question is it's better to hold many coins or not.Answer on this question is very individual because there are some people who can handle a lot of problems and there are somes who try their best to avoid them. Everything depends on how vigorous you are and how can you manage your time. If you can't do much work at the same time, better to hold few coins. It's always best option to make 2 successful step than 10 unsuccessful or if you can do 2 successful and also 10 successful, then you know it's better to choose 10 step.
I didn't answer it directly but I think my answer is clear.
If you still need to choose between Bitcoin and ethereum, then in the near future I hope to get a very good profit thanks to ethereum. My assumptions are based on the fact that I compare the price level of the beginning of 2018 today. If you focus on the price of Bitcoin, then ethereum should still be higher than the price you have today, based on the indicators of Bitcoin. Based on this, I believe that maybe by the end of this year I will be able to increase my funds at least three times.
I think it's better to hold just a few coins than hold many coins. investing must be calculated, if we allocate our funds for something that does not necessarily provide profit, we are losing money and time.
just put your money in 4 or 6 different types of cryptocurrencies but all you have to choose is coins that are in the top 100 crypto capitalization currencies, I don't mean to say that a coin below the 100 is not good, it's just too risky.
just put your money in 4 or 6 different types of cryptocurrencies but all you have to choose is coins that are in the top 100 crypto capitalization currencies, I don't mean to say that a coin below the 100 is not good, it's just too risky.
I would disagree with that because it's not my style actually.
For me, holding lots of coins can minimize the risk and that makes me more comfortable investing for long term.
What I'm really thinking is maybe if I hold a lot of coins, that could help me find a hidden gem in crypto that could change my life.
As long as the coin has a potential, even if risky, I will not hesitate to buy it but of course with proper fund management.
As stated in the last line without proper fund management nothing can be made to be effective. With cryptocurrency based investment fund management is key factor.
I think it's better to hold just a few coins than hold many coins. investing must be calculated, if we allocate our funds for something that does not necessarily provide profit, we are losing money and time.
just put your money in 4 or 6 different types of cryptocurrencies but all you have to choose is coins that are in the top 100 crypto capitalization currencies, I don't mean to say that a coin below the 100 is not good, it's just too risky.
just put your money in 4 or 6 different types of cryptocurrencies but all you have to choose is coins that are in the top 100 crypto capitalization currencies, I don't mean to say that a coin below the 100 is not good, it's just too risky.
I would disagree with that because it's not my style actually.
For me, holding lots of coins can minimize the risk and that makes me more comfortable investing for long term.
What I'm really thinking is maybe if I hold a lot of coins, that could help me find a hidden gem in crypto that could change my life.
As long as the coin has a potential, even if risky, I will not hesitate to buy it but of course with proper fund management.
I think it's better to hold just a few coins than hold many coins. investing must be calculated, if we allocate our funds for something that does not necessarily provide profit, we are losing money and time.
just put your money in 4 or 6 different types of cryptocurrencies but all you have to choose is coins that are in the top 100 crypto capitalization currencies, I don't mean to say that a coin below the 100 is not good, it's just too risky.
just put your money in 4 or 6 different types of cryptocurrencies but all you have to choose is coins that are in the top 100 crypto capitalization currencies, I don't mean to say that a coin below the 100 is not good, it's just too risky.
Put your investment in more than one basket but it doesn't mean that you are going to spread your investment in almost all the currencies that you like.
It will be best if you will pick only fewer coins like 3-6 investments so you can monitor your investment well and for you to choose the best coins to invest in. If you will be lucky with your investment then you can surely double and even x10 it if the market will hit it's peak season.
Yes this is the right thing you have to do because we cannot expect all the coins to stay a as profitable at the end of the Bull run so we need to be very picky with the coins for our investment to be more profitable at the end of the day. The coin depends on how much capital we are investing and also the profit margin we are looking for. It will be best if you will pick only fewer coins like 3-6 investments so you can monitor your investment well and for you to choose the best coins to invest in. If you will be lucky with your investment then you can surely double and even x10 it if the market will hit it's peak season.
I know the question sounds stupid.
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
I agree with you. A coin with lower market cap can be a success and lead to big profits however this is riskier that investing in bitcoin.
Personally, I have followed a diversification strategy and have invested in 4-5 coins. I believe that one of them is a risky investment but it will give me big profits, as other 4 are cryptos in the topthat are safer to make lower gains.
I know the question sounds stupid.
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
More holdings are good but not all times. You cannot easily handle many coins in your portfolio. Specially, if you are newbie in trading. Holding few coins are good because you will easily realize if you are earning or losing your capital. If you have 3 coins in your portfolio, you can determine and plan when and where will you enter the market. But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
Put your investment in more than one basket but it doesn't mean that you are going to spread your investment in almost all the currencies that you like.
It will be best if you will pick only fewer coins like 3-6 investments so you can monitor your investment well and for you to choose the best coins to invest in. If you will be lucky with your investment then you can surely double and even x10 it if the market will hit it's peak season.
It will be best if you will pick only fewer coins like 3-6 investments so you can monitor your investment well and for you to choose the best coins to invest in. If you will be lucky with your investment then you can surely double and even x10 it if the market will hit it's peak season.
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