All my money in 1 altcoin - Too risky?

[dsaijz03]

Yeah,very risky. You really can't guess the stability of a coin even if you said that it is in top 40, what if the coin that your money invested in was drop? your profit will stuck up also but if you have 2 or 3 coins if one of you coins drop you still have profit from other coins and if they both rise then double or triple profit.

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[Tamilson]

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

Let's just put it this way, what if your coin got screwed up and it's your only coin, it's a dead end for you brother.
Good diversion of coin is essential in cryptos so when things turn out unexpectedly you still have some back up and if those coins are simultaneously pump you have an instant profit, isn't that sounds good?

[ClaraLuV]

If you could find a good alt coin then there is nothing wrong in investing your money in one project or coin,there are some coins where you could profit from a very short time and if you are following the market carefully you could make an instant profit with just one coins rather than diversifying your money.

[xenomorphe1]

It is risky to put all your money on only one coin. But it may be very profitable if you have put your coin on a very profitable coin. And ETN may be one of them i think.

[paulsen]

as long as you have a patient that is large enough to hold the coins and not freak out then surely only with one type of coins alone would make profits doubled at you.

[timshk]

This is  risky, but its okey , if you dont have much money for diversify.

[bitcoinmuseum]

keeping some of the money in Ethereum can save you from harm and I recommend that you deposit 2 different altcoin

[Franky2010]

Many people recommending split investment between more coins, some traders have realy many of them. Personaly I like keep my investments between 2-3 coins and I pick them some very new, some older, what I like for years.

[erikdeviking]

if you want to lower your risk i would buy a  combicoin that way you got the top 30 coins in one coin

[lakimens]

Maximum of 2 coins with that money. Here is a suggestion:

Zero(ZER) is a new fork of ZCash which aims to reduce costs and improve the speed of both mining and transactions. It recently gained some exposure and it's growing.

[PalindromemordnilaP]

That's too much risky of an investment. That will probably goes to 2 direction either you will earn profit if its market value will rise or you will end up losing when its market value plunges down and never gets back. Try to invest some potential alt coins as your plan B.

[xGeraValerax]

To invest all means in any one crypto currency (etherium, Bitcoin, monero, lightcoin) is too risky. Ideally, you need to buy one or two currencies from expensive and as many types of second-tier crypto-currencies.

[EJHX]

I would ALWAYS diversify. Risk Management is important. But if you are going to all in, do your own due diligence, find out about the project and who is on the team, and put it all in. Forget about it for 6 months and come back. Just my 2c though

If I was to put everything into a coin, it would be SophiaTX

[klien_br]

Neo, Golem, NEM, XRP, Stellar, Litecoin, Lisk, Stratis

High potential coins
Do your research and form an opinion

[MAJICOIN]

It is good to take the high risk of investing in 1 altcoin because if you have a portfolio or if you have other secure investments then it is not the problem for you to make investment in altcoin because the price is increasing day by day and if you are enough lucky then it is more profitable for you because with in days you can cash your investment. Bitcoin and the altcoins are famous and due to this many other jobs and centres are opening for the collecting of this currency. A business saying High risk high return you should put all money into one altcoin and for me Ethereum is best.

[healthureum]

If you are risky - you should have 2-5 perspective coins
And if you want safe investments - use 5-20 coins

[klien_br]

my opinion, better to put all your money on Neo
better future

Neo generates gas, Neo/ gas Claim its only clicking a button in a neon Wallet for Example.

https://neo.org/download
reddit.com/r/NEO/

[mai2mai]

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

Investing in one altcoin is like betting on Zero in casino. Yes, you can win a lot, but you never know... And what is the point risking all your investment putting them in one project? That can throw you out of the market forover. You can split the sum to 3-5 coins and feel safety

[reflector]

my opinion, better to put all your money on Neo
better future

Neo generates gas, Neo/ gas Claim its only clicking a button in a neon Wallet for Example.

https://neo.org/download
reddit.com/r/NEO/

Neo or bitcoin. You should not invest all your fund in one coin because if price dumps down. You should face the failure and you will loosing all your fund like 50 to 60 percent in a single day as well. Split the fund you have and invest on the all potential crypto currencies because if some dumps you may find the other crypto bumps and tally the investment without loosing the money.
Neo is one the good potential coin so I won't say that it is the worst coin invest. You invest 20 to 30 percent of amout in neo. It will boom to 100 USD and more in some weeks after hard fork completes today.

[dinoloverpete]

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 of course very risky, the more coins you spread your investment in to the lower the risk will be. That said, if that $500 isn't a large sum to you in the sense that you can afford to lose it and you are hoping for large returns before you'd feel it was worthwhile investing then going for one select coin could be your best option.