All my money in 1 altcoin - Too risky?

[beebee187]

I think putting all your eggs in one basket can be a very risky plan. Generally you would want to diversify a little bit with some safer coins eg. bitcoin or ethereum and then spread the rest into altcoin projects you believe will take off. That way if things don't work out on one coin you will still be alright with the others.

[stomachgrowls]

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

Depends on your choice and decision because people do have different perceptions and hopes to the coins that we do invest on but if I'm on your situation then I would probably make choose 2-3 coins in the market which I do see that can potentially give me some good returns specially on long term basis not only for the sake of diversifying but also its a good way on lessening the risk of losing money when you go all in on a single coin compared on having multiple or do have some other options which would possibly make you to recover in times of loss.

[leea-1334]

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

That is not really that little of an investor, if you compare to a lot of places and people. Including myself, I only reached that $500 value almost four or five months after I first started, and largely thanks to Bitcoin's price going up so much. If you really want to only have one project, then you should not ask anyone here. As they all say,,, do your own research. Sounds stupid but that is the whole point. Then you have no one to blame (or praise) for your failure and success.

But okay one advice. Diversify. You never know what can happen, and if you spread risk out over say 5 coins, you still have others if one or more fails.

[BTCGOLD]

If you think it is good investment and you will get money from this coins in my opinion good option is try. I would try, it is risky but probably more profitable than invest in few coins

[faaty]

It is absolutely too risky to put all money in 1 altcoin. If you do not want to follow the market and the news just invest all in bitcoin but not in a one altcoin. Yes it may make your earn a lot of money but most of the altcoins have not much developer and marketing team and most of them fail. You need to make a portolio, most of the coins increase and decrease together in the end.

[Koobtcgal]

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 agree with the saying that invest what you can afford to lose, then it's a good idea to invest all your money in one project. If not that and you fear losing all your money, then split it into three or four. Considering your money, it'll be better to invest with 2/3 of money with what you are interested in and 1/3  in any potential coin you can think of.

[WORLDWIDEWES]

You just have to pick the right coin. Im pretty sure someone on here has some good info to help you get started. There are a few people on here who have some insider info. Maybe one or two already posted in this thread. Give it about a week and I think you will get between a 5 to 10 times gain. You just have to pick the right coin.

Recently I got scammed by taking the advice of a guy to put money into a high yield investment platform. Shouldve never listened to a word he had to say. He cost me about twenty ot thirty grand because of his garbage advice. Ive been pissed ever since. Once you get enough you can start to put a grand into this coin and that coin. Then if one has a hundred or 50 times gain you have fifty to a hundred thousand dollars you can play with. You put 10 grand into a coin and it has a hundred times gain. You are millionaire. You have to be aggressive. You have a great opportunity right in front of you. There are so many coins blowing up each day, some going up 5 times in 1 day even a 2 to 3x gain in one day is pretty good. Especially once you get the capital that you can invest a grand into each coin.

[SneakyRik]

Well, what we think of as the 'right coin' might not turn out as planned. We can never know what will happen until it happens.

[squidiot438]

Well, what we think of as the 'right coin' might not turn out as planned. We can never know what will happen until it happens.

This is very well said and true. A few years back, I invested  most of my money into something I thought would give me the best gains. It turned out badly.

[xPPx]

Never put all your eggs in one basket...

[appics]

We would always recommend to stray your investment. Investing in just a single coin could go well but brings risks with it:
the best case scenario would be that the coin goes to the moon and your money multiples many times BUT then chance that you randomly pick the exact right coin that rises endlessly and doesn't drop is very low. It is more likely to invest in different coins as a back up in case one of these coins drops rapidly. It can always happen that something bad happens to a certain coin even if you think that they're stabil and in that situation you will be happy that you didn't put your whole investment in it.

[gmf1000]

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 go like that, 3 possibilities come up, consider them on your own:

1-) You will make 10x or 20x return after you go all in.

2-) You will fail hard if the one you invested declined too much.

3-) The price of your coin will stay same and you won't get profit from your investment.

and we can conclude that it is too risky... cryptos are volatile, so it is better to invest on some good coins, than put all of your money into 1 ~

[Butchick]

eventhough you are a little investor, it js still best to diversify your account. Investing in 2 or 3 coins is recommended since by doing so, it is somehow widening your chances of financial growth or profit gain. However, there is no assurance that both will increase at the same time but it probably will over the months therefore, when you invest, better choose the best coin or the coin where you see some potential and hold on to them for a few months or so.

[WORLDWIDEWES]

Did anyone in this thread know sumokoin, or ember would blow up so much today. Like I said its best guessed. If this guy watches the coin and sees it is going up just ride it all the way up. If he sees its going down just pull the 500 out. Pretty easy. In one day he could make 5 grand.

[jhugger]

I suggest you invest in more than 3 altcoins

Couple of things I have learned in these past few months

1) Don't listen to shills and do your research before investing in anything
2) Look at their daily volume.
3) Check Coinmarketcap regularly to see whats happening.

[chanler]

you really dare to take a decision that is at risk. but when coin you use to invest soared it will make distinctive advantages for you because certainly profit also more than on the use of capital to be used to invest in the two coins.

[Arata]

Yes, it is too risky. But if it's time the coins rise then not playing certainly benefits obtained. But if down then the risk of loss was certainly clear. important wait only if only focus on a single coin. don't panic selling coins only if the price goes down a little bit, will surely rise again.

[pacifista]

That would be too risky, never put your money in one vault or other says never put your eggs in one basket.  Divide your investment into different altcoins that youre sure it will skyrocket.

[Easx]

If you hold your all money on 1 coin. You lose chance about any marketplace investment. You should partition your investment at least 4 piece.

[Tetep Mesem]

no real problem if that's what you want. but of course at least already has the basics in world trading so is not easily affected by current if the coin is it down or there are other coins that rise higher.