All my money in 1 altcoin - Too risky?

[L00n3y]

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

Risky because you might lose everything if you will not succeed with it. Better to diversify your money to other altcoins so that you can have a place to gain back what you lost in the other coin.

[Bountyx1]

Of course, keeping all the money in one asset is a big risk. I know some guys who had $ 500-1000. They invested in different projects for $ 10-20. This is the real diversification!

[Lagoons]

It's too bad this thread was started in December. The markets have been hard and that probably means that what the OP had are less than the $500 that he started with.

[gamalzour]

It's not good to put all your money into one coin. Diversification between 2-3 coins is better. This will reduce the risk of losing all funds. On the other hand, investment in btc or eth is quite safe and there is a high probability of a good profit in long term.

It is not bad to put all the investment money at just one place only if that coin has the most potential to grow and has already demonstrated its capabilities. I won’t mind spending the whole amount in bitcoin. But that requires some guts and trust too which is only possible if the investor has done some good research on this topic. Otherwise, holding the top altcoins is a good option.

[bhabygrim]

Whenever I trust an alt-coin and think that it could go higher than it is I always put all of my extra money in it.
You should only invest what you could afford to lose and you should really study the market you shouldn't fall for the coins that are getting pump because the next thing that could happen is it could fall down easily.

[ivrynx]

Yes, it is too risky, just don't bet your money in one altcoin, you might never know when it will take a dip or shutdown, keep in mind that there are a lot of altcoins out there in which you can invest that are considered a long term investment, just make sure you know how to choose them and choose wisely. You should also learn hoe to diversify your money, so that in any case one coin is down and the rest is up, you can see that you are gaining or breaking even, but for sure you can prevent further loss and also one of the basics of investing is no to put your eggs in one basket, you should've study it first, since there is no magical coin that is a guarantee that will beat the value bitcoin, most coins still need to prove themselves and all of them have a long way to go and do not just give in to a hype of a coin.

[GunsLair]

If I had such a budget I would have invested it in a few altcoins. Ones of them I would hold for a long time, others - I would sell, and invest in next. For me, this is the best option.

[gamalzour]

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.

You are a clever guy no doubt for you are asking before investing. This is an extremely irrational decision to invest your whole money in Alt. One should always keep the diversity in ones portfolio. This help sharing the loss if the value of a particular asset goes down. The rest of the money invested in other assets simply either stay at the initial position or rises. There should always be the element of diversification in your portfolio,

[thomas26]

It depends on how much money are you going to put in there.. If you only have $10000 and you are going to put i all in there, then you need to be 100% safe that this coin is going to rise, otherwise you are going to lose a lot of money,maybe all the money that you invested in there.

[bisdak40]

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 a very risky strategy you are making mate. There is an advise from experts on not to put all your eggs in one basket because if that coin fail then all your money will be gone. Spread your portfolio as much as you can.

[EastSound]

For me investing on only one altcoin will be risky but at the same time when you are bullish and positive that it can give you high profit then go for it. At the end of the day, its you own money you are investing.

[Mohondoa]

Too risky ? = NO, can its slow income ? = YES.
Because if you depends in 1 altcoin, there are other altcoins that have more prospects, and you will miss getting more income. So its better if you divide to some altcoins that have good prospects, and get more result.

[futureofeth]

That's really bad idea to keep all our investment in one single coin, we might lose if people start dumping the coin, so it is always good to divert your investment into different other good mature coins which have the ability to give good returns.

[rose9696]

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

This is a very risky decision. Because investing in an altcoin will not bring too much profit. You should break it down to invest in other altcoins. Ideally you should manage 5-6 portfolios. It will not be too confusing to buy and sell. In addition, you have the time to learn about their technology and other altcoins.

[tamilcrypto]

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

No problem as long as the team is strong and regular development updates are happening...Go and invest..

[nur rochid]

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

This is a very risky decision. Because investing in an altcoin will not bring too much profit. You should break it down to invest in other altcoins. Ideally you should manage 5-6 portfolios. It will not be too confusing to buy and sell. In addition, you have the time to learn about their technology and other altcoins.

i think if it will invest all funds, not only on 1 altcoin because it will be very risky. but i can advise you can invest all in bitcoin or ethereum, it will be safer because it is parent of coin or altcoin

[Lastsamuraj]

I would split it on 2-3 if you are not planning to actual trade.Even a nice project with small market cap and solid team can end up as a scam or just fail.Like ctr for example.To risky.Or just buy btc,xrp, or eth

[anti-scam]

I would split it on 2-3 if you are not planning to actual trade.Even a nice project with small market cap and solid team can end up as a scam or just fail.Like ctr for example.To risky.Or just buy btc,xrp, or eth

Good idea, just look at eth had fallen but now eth has gone back in a few weeks time.
this indicates that we should be right to invest, do not buy coins that are not trusted. ETH, XRP is a great coin and will continue to survive.

[MartiniBlanco]

It is really risk to go all in at one altcoin!! You should split your positions into some more altcoins to lower your risk. It is also a good trading strategy to have enough funds in Bitcoin or Ethereum!

[Kulllianll]

You can try. But when you lose money, you'll be smarter.