Whats better holding many coins or fewer coins? - page 10.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: ethersalvation on May 30, 2019, 03:16:53 AM

I would suggest to have a package of 4-6 coins. 4 major coins and 2 outsider. 90% of top 10 coins, and 10% of coins between 10 and 50 places ( on coinmarketcap). If you have time you should study and check the projects.

But the problem is many of us still holding too many coins from the last year, and they don't have a chance to sell right now because of the price still on the lower than the price they bought. They need to wait for the price to increase at least reach the lower price they buy so they can sell it to get their money back. But they can wait for another time to see the price will increase higher, and the chance will wide open because we will see the bull market will happen soon.

abeecrypto

copper member

Activity: 242

Merit: 18

Proof-of-Stake Blockchain Network

Actually, this is a good question. Like the saying goes: don't put all your eggs in one basket. Putting all your money in a coin might be too risky However, some can still put their eggs in one basket and it will still work out well. Some can invest in one coin like bitcoin and make huge profit. Afterall Bitcoin is the leading Cryptocurrency. In my opinion, you can spread your money among bitcoin and other Potentially beneficial altcoins. But with larger amount on bitcoin. When bitcoin coughs, other altcoins cough

ethersalvation

jr. member

Activity: 93

Merit: 1

I would suggest to have a package of 4-6 coins. 4 major coins and 2 outsider. 90% of top 10 coins, and 10% of coins between 10 and 50 places ( on coinmarketcap). If you have time you should study and check the projects.

DarkIT

sr. member

Activity: 1176

Merit: 252

I focus more on a few coins than a lot of coins. maybe there will be some coins whose price will pump, but we know, holding lots of coins will make a profit, and the risk is directly proportional. so, some coins might pump, and some coins can be dumps. I prefer a number of potential coins, and I think they are better and easier to control.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: fuckcrypto on May 29, 2019, 03:21:21 PM

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?

don't try to corner an altcoin market. the market is so saturated, you may end up bagholding for a very long time, and in some cases you won't ever recover. many low cap coins go to the moon, but many also get delisted and lose all liquidity and value. it's only worth it if you're an insider in a pre-mine/insta-mine scheme or something like that.

for me, it all goes into bitcoin until i see technical breakouts across lots of alt/btc charts indicating a new altcoin season. during altcoin season, i buy some bags of different coins, sell into pumps, and roll the profits into coins that haven't pumped yet.

Polyxchange

newbie

Activity: 23

Merit: 0

Low liquidity will ruin your dreams. What if you can't sell shitcoins later?

Cherylstar86

sr. member

Activity: 1484

Merit: 253

Quote from: newgal2017 on May 29, 2019, 11:04:31 PM

It's true however if you're going to base it on volume most small cap coins doesn't have volumes in it in other words there can only be few coins that are circulating around or only few who are willing to buy or sell their coin or low trading volume. I should just stick with a large volume coins since their trading volume is high which means it is volatile and may pump their price but also may dump their prices as well.

I prefer to hold multiple coins that give accumulate profits when the market phase has gain constant stability. There might be high volatilization, still I am positive that the market cap can surpass and continue to outcast bountifully. Just bare our wide patience to hold and deal the flaws to gain massive outcome.

mersal

member

Activity: 1204

Merit: 38

Quote from: Genemind on May 30, 2019, 12:50:26 AM

I would rather choose a few yet profitable coins. What important is we're holding potential coins. Bitcoin's price is going better so I believe that it's best to invest in it. I will also suggest coins like LTC and ETH. These coins are active and has been showing its potential to rise and increase in time.

Potential coins might not give unrealistic profits so choose coin based on holding term not based on the bumping level sometime it will get us to be in trouble when they don't follow the trend of bitcoin and other potential cryptos.

wawanlindu

member

Activity: 490

Merit: 28

It's difficult to answer your question, because each coin has different functions and benefits. This is very influential on the development of coins that affect the price of coins in the future. In my opinion, you need to do a small analysis, visit the site https://coinmarketcap.com/, select one of the coins and follow social media to get the latest updates about their project.

Genemind

sr. member

Activity: 1596

Merit: 335

I would rather choose a few yet profitable coins. What important is we're holding potential coins. Bitcoin's price is going better so I believe that it's best to invest in it. I will also suggest coins like LTC and ETH. These coins are active and has been showing its potential to rise and increase in time.

Gridness

copper member

Activity: 358

Merit: 2

Quote from: fuckcrypto on May 29, 2019, 03:21:21 PM

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?

I will divide my capital into 2, I will use 2/3 to buy bitcoin and 1/3 I will use to buy coins with lower market capitalization because both have the same potential profit

Gridness

copper member

Activity: 358

Merit: 2

Quote from: fuckcrypto on May 29, 2019, 03:21:21 PM

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?

I will divide my capital into 2, I will use 2/3 to buy bitcoin and 1/3 I will use to buy coins with lower market capitalization because both have the same potential profit

Lakai01

legendary

Activity: 2296

Merit: 2721

If you choose to invest in small cap coins always take a look at their product and team. Small projects may be stopped and canceled, you would lose all your money if that happens.

Therefore BTC is a way safer investment, although gains may not that big compared to a booming altcoin.

newgal2017

member

Activity: 337

Merit: 15

It's true however if you're going to base it on volume most small cap coins doesn't have volumes in it in other words there can only be few coins that are circulating around or only few who are willing to buy or sell their coin or low trading volume. I should just stick with a large volume coins since their trading volume is high which means it is volatile and may pump their price but also may dump their prices as well.

tonyja2017

member

Activity: 532

Merit: 10

Quote from: fuckcrypto on May 29, 2019, 03:21:21 PM

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?

It is not easy. For low-capitalized coins, it is certainly trivial coins and has not been well developed. Besides, you can easily invest in coins that have no potential and sometimes without liquidity and your money will be stuck forever.
In order to effectively invest in coins with low market capitalization, you need to learn more about how to analyze its value and potential.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: fuckcrypto on May 29, 2019, 03:21:21 PM

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?

The cryptocurrency market right now is on the bullish mode and it is estimated that bitcoin (and possibly other top altcoins as well led by Eth) can go on a rampage soon (to the $10,000 zone and beyond) so if I were in your shoes I would just concentrate on bitcoin and maybe one or 2 altcoins (you can also include BNB if you like). Remember that there are more risks associated with those relatively unknown and low-cap cryptos (though sometimes they can pump big time as well but they are more unpredictable). Go with the winners first and when you gain some profits start diversifying with other digital assets.

mersal

member

Activity: 1204

Merit: 38

Quote from: fuckcrypto on May 29, 2019, 03:21:21 PM

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?

Holding one bad coin is much better than 1000 shit coins,so hold many coins if you find it better but shit coins will always be in danger when you hold it for too longer.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

It completely depends. What coins are you specifically planning on holding? How long are you even planning on holding them? Holding certain altcoins can definitely be profitable in the long term, but it really just depends on what specific altcoins you're going to buy. The answer to your question really isn't binary.

MidKnight

full member

Activity: 476

Merit: 101

Things have changed a lot after the 2018 dump or correction. I always get the sentimen from crypto youtubers that they dispose their old coins and only give attention on trading new coins. But they are not letting go of altcoin that are on top 100 of cmc so they are only few. People are maybe tired of new projects and just wants to stick on the projects that has bright future and see their developments progress faster.

Rufsilf

sr. member

Activity: 1778

Merit: 309

Quote from: leowonderful on May 29, 2019, 04:49:43 PM

I personally prefer to hold a few coins like Ethereum and Bitcoin as it's easier to manage things if you only hold a few coins (my Ledger Nano only has space for a few apps), but both can work out well if you do it right. There's always occasionally the coin that skyrockets in value from a few satoshis every now and then, but it's pretty hard to find such coins and you can lose money trying to find a good coin to hold for profits. Not all coins will rise in value, and a lot of alts actually decrease in value over time.

I also prefer fewer coins because it easy to manage unlike having to many coins, tendency of having too many coins is you cannot monitor or manage all of it, I think I read one article here in the forum wherein he holds many coins and end up losing some of his investments because there's a coin that he kept for too long until he forgot about it and that the coin losses value if i'm not mistaken, and it is to late for him to realize it. I think it would be best to invest only on coins that can give your more profits like bitcoin or ETH and having only coins can already give you a lot profits so there's no need tp buy more.

Topic: Whats better holding many coins or fewer coins? - page 10. (Read 11609 times)