All my money in 1 altcoin - Too risky?

[itsik78]

I believe that you need to diversify your investments. This will reduce the risks. Choose 2-3 coins in which you see success

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[bkbbtr]

It looks like you haven't put your eggs in different baskets. This is a very dangerous thing. Diversifying your investment does not necessarily make you earn more money, but it can reduce your risk and you must learn to be reasonable assign your investment amount.

[malibubaby]

It's not risky if you are a long term holder and you pick a nice and legitimate coin like picking a single coin on a top 20 coins on cmc. Just read some more info on your preferred coin.

[Markperop]

It's not risky if you are a long term holder and you pick a nice and legitimate coin like picking a single coin on a top 20 coins on cmc. Just read some more info on your preferred coin.

to guess really perspective investments, and also to choose more suitable For this coin, it is necessary to do very good and thoroughly the analysis of the market. But in order to do less work, it is better to invest in more rated coins.

[Dragonrage201]

It is risky and against the popular investing axiom to never put all your eggs in one basket. Therefore, diversify and have multiple coins in multiple wallets.

[bhoybitcoin]

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

Its risky that once your coin drop and recover, you will gain only few amount. But if you invest in many other coins, you will gain double and even triple of each coin's price. There are so many coins where you can trade in with a lower price. Much better to have many kinds of token investments, where we have the saying '' Two is better than one".

[Omnipotent1]

It is a big risk, but since you only put $500, I think it's ok. I understand that in some countries $500 might be a lot of money though, so for them, spread it out.

[SalmanMJ9]

Never put all your money in 1 investment, no matter how much money you're investing or what coin you're investing in. Diversify your portfolio as you never know what the future holds, can be one negative news about this altcoin and it goes to zero 

[Anne8]

Never put all your money in 1 investment, no matter how much money you're investing or what coin you're investing in. Diversify your portfolio as you never know what the future holds, can be one negative news about this altcoin and it goes to zero 

Yes actually that is too risky for us to hold one altcoin but it can make very good money as well. If the currency comes to revenge you will profit enough but if it ends up not returning you no profit and return you prejudice will be a bad investing.

[consigliere]

Yes, it's very risky. But now everything connected with cryptocurrency is risky. We all see this market volatility.

[bitcoinisbest]

Yes, it's very risky. But now everything connected with cryptocurrency is risky. We all see this market volatility.

The market is volatile and it little on a downfall. But from ystd which was below 6k it has come back above 6k and the resistance is above 6k. So should be good in next couple of days where the upside will take the btc above 7k.

[morgan4140]

Keep your savings in 3-4 currencies. I would advise you to keep them in the top 100 altcoins, because it is less risky.

[28days_ever]

Who told you this,  if your capital does not allow you to invest more. It's just a warning that if you lose something you basically will not be able to do anything, but if the investments are small and even more so in one coin, then I think there's nothing to regret.

[canque31]

We join altcoin investment to gain interest in the money we put up. But investing your money in just 1 altcoin is really risky. First of all we never know what will happen to the alt that we will investing, as of now the market is still struggling to bounce back to higher price but still the price is currently low. If you just invest in one alt bigger possibility that the alt might continue to dip making you lose. You will end up regretting if that's the case. Buying the coin in high price but end up selling it in low price. Better divide your investment to 2-3 coins by this even if the other coin is in a lower price the other coin is gaining making you not a loser in the end. We all know that to gain more we need to take the risk but let's take the lesser risk.

[shendy]

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

If you just hold and only focus on 1 coin course this is very risky. Moreover, if you invest in Altcoin that has not been proven promising for the future, if someday the coin you hold dead you will definitely lose all the money you have on the coin. So I advise you to hold some promising coins.

[LeoSys]

If you like risk, you will earn more if you have all money in 1 altcoin. But better is to spread your eggs into different baskets. I advise to put your money into 5-6 different tokens/coins.

[Peple]

the risk is very large, but I like this strategy, if I find a good project for investment I almost do not make a mistake

[Locotoni]

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

If you will invest in small project, I think you should be risk. But if you invest in huge coin, loocklike BTC, BCH, ETH and more, its will be successful choice, but you want buy at low price, I think now is best price for buy BTC, but its your risk and choose yourself

[CryptoDouche]

I actually think it's a legit strategy and has the highest upside in rewards..... but only if you pick a super solid coin with a long future and actual use case. I did a ton of research and settled on Ambrosus. I don't have the time or patience to trade coins and watch charts all day so I'm just trying to get as large a master node as I possibly can and in 2 years I'll be able to retire off the passive income it will generate.

[Bourney001]

When i was begginer i put all my money in one basket but never will do same mistake diversyfy