All my money in 1 altcoin - Too risky?

[f150]

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

each coin must have a risk then you should be prepared to accept the risk if something happens that is not in want, it's good if you share some of your money for coins that you like or that you think will be very beneficial later. you will likely get More profits than the coins you choose. But if you only choose 1 coin that you think is very good, maybe only a little advantage you can.

[seymenyunus1654]

Depends on the risk you like to take. I hold most in 1 altcoin because i believe the price is to low right now and with the right moves i can skyrocket.
But it is very risky, even though i like the team and the tech a lot can go wrong , but it will have the best returns to be invested big.

[gold1112]

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

My friend invested few months ago in some ico and he made some profit. Now he is investing in Nebula AI ico. I think he should do some profit from this too.

[Mediator]

Depends on the risk you like to take. I hold most in 1 altcoin because i believe the price is to low right now and with the right moves i can skyrocket.
But it is very risky, even though i like the team and the tech a lot can go wrong , but it will have the best returns to be invested big.

if you want to decrease the risk of loss you have to hold some tokens instead of just one token, so that risk will decrease.
suppose holding 2 tokens, if 1 loss and 1 profit then you will not lose mate

[Kang TB]

It is double-edged sword. On the one hand, it is a risky, rules of investing says: don't put all eggs in the same place, but on the other hand, if you are so sure in this coin, don't hesitate to invest

nice quotes here with double-edged sword 
because if the OP choose the right alt, the OP can make a big profit, but if not the OP will lose all his money

[DeepChipolino]

If you really like some project, you believe in it, do not invest money there. Need an objective analysis and no feelings. Those who are guided by feelings will lose their money.

[Poink]

If you really like some project, you believe in it, do not invest money there. Need an objective analysis and no feelings. Those who are guided by feelings will lose their money.

This is confusing to me...because after I did my research and liked the project then the "feelings" for the project comes.  That is when no matter what happens, you don't panic because of the strong belief in the project/coin.

[emmybd]

There is nothing wrong in holding all your money in a single altcoin, if it is a more established altcoin such Ethereum, Litecoin, Neo, and Ripple. You can choose anyone of these, but i would suggest you choose Ethereum or Neo. But don't put all your money in a single shitcoin in the hope of getting huge profit in future. It would be very risky, you may lose everything.

[bunnylegacy]

investing in 1 altcoin is really very risky, and it is better to follow more than 2 or 3 altcoin this will further increase your security in investing.

[cryptomeo]

Yes, i think it is too risky. But someone argued that's actually not much difference as most crypto shared the same risky proposition. Holding too many coins might made the portfolio harder to manage. Anywhere, i would prefer to building a portfolio with different coins just to diverse the rewards and risks.

[eelectrick]

If it's invested in a single altcoin other than Bitcoins, then it's super risky. If it were invested only in Bitcoins then I
wouldn't bother commenting if it's risky or not. There must be significant reason for attempting to culminate in such
a thing, the market is too volatile to leave things to chance or luck, you must research before deciding where and
what to invest in. Diversification of you $500 would be better than placing it all in a single altcoin. Try investing on
the stronger coins to improve your chances of profit in the future.

[Herbys]

If you are 100% sure and if some form of force majeure is ready to wait a long time then you can humiliate. I think the best half is in a coin of the top 40, and the other half in a new and promising coin in their opinion.

[mahoni2100]

it's logical that I'm already on this planet, but it's not worth it to be involved in multiple projects with such a low budget.

[BitLendingClub]

Ye, it's risky. But I read mention that diversification is way to safe money but not to profit. If I spent enough time for investigation and do not use russian roulette it will an excellent investment. Not risk

[Primal6666]

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

Absolutely hell YES. Never put all eggs in one basket. If it's top 10, BTC, ETH then you have a bigger chance not to loose your money, but if it's altcoins, even dont think about it. Just seek for promissing projects with low price, like 0,01 - 0.1 per token. And your portfolio should be diverse. 500 dollars is not much, and not a little. Information above, about separation investment into parts, most of it investing in the top 10, and the rest in different altcoins is the most win-win in my opinion.

[Name: Claudio]

Yes it is, aside from Bitcoin it is, so if you want more opportunity that your money will bloom as it could then try to divide your money into different coins as you said make list from what you saw on exchange.

[Cryptocucumber]

If you want to stay safe and 2x your investment, invest in eth, if you want to also stay safe but 20x your investment this year then invest in blockport (bpt)

[AniviaBtc]

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.

[Huruharacorp]

If you want to stay safe and 2x your investment, invest in eth, if you want to also stay safe but 20x your investment this year then invest in blockport (bpt)

of course for immediate benefits can be suggested, I suggest to invest in large quantities as intial capital if you want to invest in ethereum. because for the profit is also much obtained when the price rises slightly

[Shenrox]

If you want to stay safe and 2x your investment, invest in eth, if you want to also stay safe but 20x your investment this year then invest in blockport (bpt)

of course for immediate benefits can be suggested, I suggest to invest in large quantities as intial capital if you want to invest in ethereum. because for the profit is also much obtained when the price rises slightly

Obviously that putting all your money on ethereum or bitcoin is not risky, but if you put all your money on a single altcoin that is a low cap coin, you are risking a lot, maybe you are taking too much risk for a single coin.