All my money in 1 altcoin - Too risky?

[devis]

You should be invested in at least three different coins or more. You don't want to put all your eggs in one basket. Because if you're only invested in one and it crashes then you'll lose all your money, but if you are diversified, and one coin crashes but another goes up then it's all good.

So invest in a few different coins. Even if it's a small amount of money.

[zabisux]

It is very risky. I wish I could take same risk. It will make you impossible to cut losses as you will cut everything at once in one coin. I prefer to diversify in 5-6 coins.

[slaman29]

Too risky in any commodity, any market. No one would ever tell you to put your money into one basket only. It's different if you're a supporter, a miner, or someone who just holds and didn't invest their life savings. They could put all their hope into one coin and still earn an income on the side, believing the rewards to come in years. But to put all your money in one alt? Even to put it all in on Bitcoin is too risky.

Don't be greedy, my friend. Play it safe. Well, not safe but less risky.

[Trimegistus]

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 doesn't matter if you are a small investor or a gigantic whale; diversity is a fundamental part of investment risk management.

You win some and you loose some, that's the nature of the game.

Putting all the eggs in just one basket is a really bad idea.

Diversify, choose 5 coins and spread your investment putting $100 in each.

[diskodasa]

investing all your budget in 1 coin is the same with gamble. it is not trading or investing. you should choose about 3 to 5 coins. I think you should spend your time to learn about cryptocurrency and trading skill

[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 doesn't matter if you are a small investor or a gigantic whale; diversity is a fundamental part of investment risk management.

You win some and you loose some, that's the nature of the game.

Putting all the eggs in just one basket is a really bad idea.

Diversify, choose 5 coins and spread your investment putting $100 in each.

It's always funny how people try to justify doing the wrong thing by saying they are only a small investor or other such excuses. It is like anything in life, even if you start small you have to learn the proper principles and practices and those will remain with you through being a small fish to growing in to a gigantic whale.

[Andalusy]

Diversification is overrated. Since all legit crypto moves up together.  Most people have opposite problem, they put their money in to many projects and they cant follow them all and miss everything.  Having less then 10 coins is highly advised. But once you are long in crypto that is hard to achieve.

[reymarkperry]

just like play in casino. more risk more fun. I usually put 90% my money into just 1 coin or token. you must have strong heart

[MuffinMaster]

It is the most risky thing ever but remember that after thing like that you have also the most chance to just earn the most. Big risk = Big earnings. 

[Fria]

I think yes, it's risky if you're going to put all your money into Cryptocurrency that you're not sure if that currency will increase the price or not. My advice is putting half of your money into it just to make yourself safe when the currency you're investing isn't increasing the value. It's better safe than sorry I suppose.

[Fria]

just like play in casino. more risk more fun. I usually put 90% my money into just 1 coin or token. you must have strong heart

Indeed, you gotta be strong enough if you want to risk your full money allocation into Cryptocurrency investment but I think if you're lucky then you deserve high profits in return but the fish is really too high.
I invested cryptocurrency but in an amount that would not hurt me if I lost it, at least a portion of my hard earned money.

[keyscore44]

Try to split it, investing whole amount in one coin could be stupid thing so just split it and try to give the most in coin that you believe and less in other ones to just have some protection.

[ShineftChaos]

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 invest all your money in one altcoin then you are truly a risk taker. For me, it is better to put big in 1-2 coins. And then the third will be a reliever coin in case something unwanted happen.

[gudjhonson]

too risky of course Yes. But if you want to be patient waiting for the not unlikely event of one coin can go up high if you want to be invested in the long term.

[tiggytomb]

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

I really would stress the need to have a bit of diversification in your portfolio, by all means go heavy into a coin but please at least have 2 or 3 on the go in case your sole choice leaves you losing a lot.  Maybe $125 into 4 different coins or even a 50/50 split between 2 coins but I would advise having a think and have at least 2 coins in play.

[einsteineer]

Yes it is too risky to invest all of your money in a single coin, I suggest spilt your investments for multiple coins.

[Wong Kalong]

as much as possible don't just focus on one coin only because if the coin comes down will cause capital yours out. therefore at least have two types of coins in order to be safe.

[Woolles890]

the decision you take is actually quite nice and very bold but also risky. always pray may the altcoin you have not come down and make you lose.

[Tony116]

It is a very big risk to keep all the money in just one coin. But sometimes this risk can be justified and you will get a big profit. If you know how to choose coins that will grow soon, you can invest in one coin. As an investor I don't recommend to act this way.

[Maxcrypto1990]

First lesson most business students are taught is to not have all your eggs in one basket. So I would like to pass that lesson on to you also.

The more coins you have the better you can avoid market exposure (to an extent).