All my money in 1 altcoin - Too risky?

[summerblock]

One coin means 100% win/lose of your investment, I would say at least 10 coins in what you should aim for but for this you need to do some research, don't just stick to top ten currently on CMC, some of them will go down as others rise. I think WAVES will go up this year, while ETH will decrease in value for example.

[mahoni2100]

there is not too much risk, but there is no risk-free investment, but it is possible to make various strategies to reduce the risk most.

[reynilynedago]

Yes, it can be risky as you have placed all your bet on a single stake. The probability of loss and win is 50-50 percent so you need to take out some volume from that single altcoin that you have invested and further invest in 3-4 different altcoins if you want to play safe. Crypto market fluctuates like any other. Invest the same way we do in a mutual fund. Channelise your money on different altcoins the loss/ profit ratio is not affected. You can earn a lot if you follow this routine.

[keyscore44]

It is not too good idea, i did it once and i could lose everything so spliting your amount of money into more coins could make you not risking that much at the same time you could earn a lot.

[KitPat22]

I mean you can put all your money into BTC which is the most stable crypto, but still I wouldn't advise you to do so. Your only option in that case is holding.

[Itjoker]

Invest all your money in one altcoin is not smart decision. The principles of diversification and risk management have not been canceled. I would recommend investing in several cryptocurrencies, for example, in Bitcoin and ethereum (mostly) and 20% of all money in another altcoins. At the same time, it is necessary to always leave about 30% of all investments in cash.

[BurakXel]

Holding Huge amounts of money in one single coin is suicidal we cant move ahead if we incur losses from that particular coin better to diversify very often

[Teamsah541616]

This is too risky. Divide your money and choose a coins that has a capacity to grow 3x  after a month. Choose 3 or more coins and make a research if it has a good background and many people invest in it too.

[Teamsah165454]

In my opinion, this is very risky because you are only fixated on 1 coin only.
And in investing you should use some coins because it will make you get more profit.
If only one, the risk of losing coins is great if you choose the wrong project.

[felixesteban]

If you're lucky, you can make a lot of money in a couple of days or even hours from your altcoin. But it's definitely like a lottery. We always have to think about the worst case scenario. In the event of any speculation or negative news, the price of the coin can be upside down in a moment. So it would always be wise to invest in multiple coins.

[Mame89]

if you think and believe with altcoin project that you will invest in it there is no harm because with a capital of $ 500 you can get a decent profit but it would not hurt you also ask first opinion with your close friends who are more experienced.

[velive08]

In my opinion, this is very risky because you are only fixated on 1 coin only.
And in investing you should use some coins because it will make you get more profit.
If only one, the risk of losing coins is great if you choose the wrong project.

doing so should be avoided, because sticking with just one coin will certainly have a big risk where nowadays there are so many choices of coins that have a good price and potential. so I think a good thing should be if it can divide up all the money for some coin options.

[millithe1st]

Yeah that tends to work against you, but as long as you're keeping a eye on it i think you'll be fine, just dont take your eyes off it, lol

[Matthewmorris4]

yes, it has a higher risk let alone the price of bitcoin is currently very unstable, you should break into some altcoin, ten or more altcoin better, especially if you have a good capital for investment,

for an example, you invest in one type of coin only, then when the price of dump, and other coins begin to rise, you are stuck on the coin, are you ready to cutloss?

[cakmabokgot]

Well, I don't think so. You wanna know what I did? I was always trading with 50% btc, 50% one altcoin. That was the most profitable term I had.
Then I read that I should divide up my portfolio... Then this is what happened: I lost control of my alts.
If you are a day or swing trader don't go up more than 4.

[antsam]

I think it is very risky to just hold one altcoin in your portfolio, it seems you have to divide your investment in some kind of altcoin to make it more secure. But if you have studied the graph of altcoin that you hold it up, I think it's back to you

[jamids]

I think it is very risky to just hold one altcoin in your portfolio, it seems you have to divide your investment in some kind of altcoin to make it more secure. But if you have studied the graph of altcoin that you hold it up, I think it's back to you

It has higher risk but if the coin will be doing well then you will have higher rewards too. If you are very familiar withe the movement of the coin then most probably you will know when it will go up and when it will go down which would be your advantage. You will either have huge profits or huge loss depending on how you would trade it. The key is to have diversification in your trade or investment so that you can spread the risk but then if you know what you are doing then I think it would be better to focus on one coin so that you can monitor it all the time.

[28days_ever]

Hi,
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.

But  i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk  by doing so? Should I invest in 2 or 3 coins instead?

Thanks

It is better to invest in one more coin to reduce losses in case of failure. After all, you are not sure that your choice will give you the maximum profit that you predict. And maybe you should get a small profit from one attachment and then transfer it to another one, so it will be correct.

[wanglili1983]

Don't just invest in one token, it's too risky. You may be rewarded handsomely, but it may also leave you with nothing.

[Aschcraw]

Buy now ICON icx good project cost nothing .
hodl will pump x3 or more for sure .