All my money in 1 altcoin - Too risky?

[paparadis]

It is always risky. Too risky. It is better to diversificated portfolio.

[seven2smoke1]

if you invest like that, there are only 2 possible possibilities .. you will get multiple times doubled or you will lose your money just by once refresh only, your chances to earn big money is big. but also calculate the risks that you will face

That's right! Too much risk. If anyone invests all his money in just one altcoin, he much is sure 100% that this altcoin will increase in the few hours or days later, or I think this is impossible because no one can predict that. So to minimize the risk we should always devise our investment in multiple altcoins, at least if one of them fall the other one can rise, We should avoid any kind of huge risk and thinking for the best options.

[Nevsky]

It's not so important where you invested your money. More important is how you manage money. Even 500 dollars can not be invested in one coin. The risks are very large.

[Stavri]

i wouldnt go all in to one single altcoin. but if you want to do so, i advise you to invest in a project at top 10 @ coinmarketcap. because otherwise it might be very risky for you. maybe projects like ethereum or neo are more or less safe for all in.

[Midesiz]

I think it's to risky to invest on only one coin. It doesn't matter, how much money you invest. But it's too important to invest on min 3 coins, I think.

[Godef]

I do not need to do invest just 1 altcon think it's a big risk and quite profitable. But you decide because it's your money my job only to give advice.

[amaydel]

It makes sense because we already know that cryptocurrency is volatile in nature. It can go up today until tomorrow and will suddenly fluctuate the next day. So i think it's okay if you invest your money to different cryptocurrencies than just investing it to one.

[renault18turbo]

You're absolutely right, it's a big risk. As you know, cryptocurrency is characterized by volatility, which leads to sharp losses and Vice versa, to a sharp rise in price. In this regard, I would advise you to have many different coins.

[pinoycryptoes]

Best of the best, You need to invest your hard earned money in a different project that has potential.

It's not the best idea to invest only in one altcoin.

[JohnnyDaMitch]

Yes it is much more riskier than what you probably think that it is, so the best thing that you can do is just to try to diversify in at least, two or three coins between all your budget.

[onetwostep]

Ofcourse its too risky. With this risk, you can earn huge amounts of money. but you can also lose all the money you have. It will be better for you to allocate more than one coin to your investment

[Godef]

The risk can be very easily justified so I recommend all the same to take a risk and try to do something to take away your Bank for example, I think I agree, it's worth the risk.

[btcyoda]

Our parents used to tell not to risk all your money in one business because we have to divert ourselves into different sectors in order to keep securing our funds. Investing in one coin is always very risky and chances of loosing value will be very huge.

[hawkins]

well, that's too risky, it's just that when you invest in the right altcoin, then the benefits you get of course will be even more. well, I think so many traders here, and they certainly know, a definite advantage when a coin price that they hold it up.

[cannycassiopeia]

Too risky if you only knew the market cycles. If you can put that amount in more that two or three kinds of coins, much better. Because there's a bigger chance that one of those coins can give you double or more that the amount that you invested. Or what if all of them them got a x10 price? It's like hitting a jackpot price.

[BitcoinSaving]

Altcoin price will go up only when bitcoin will be up.

Altcoin price movement is like with bitcoin on extreme.

when bitcoin goes up Altcoin fly up, when bitcoin goes down Altcoin fly down.

[crossabdd]

investing in 1 altcoin has a huge risk of loss. but if the price goes up .. you also get a big profit. Before calculating profits, it is best to think about losses. I think it's best to invest in 2-5 altcoins. although you are only a small financier. because we learn to minimize losses. and learn to be careful in investing.

[metallikingz]

Yes it is more than risky and you are risking a lot while you do this, that is the reason of why i think that you should choose a few altcoins to divide your entire budget

[sunder54]

If I were you, I will spread my money to at least 3 coins and one of them of course Bitcoin and second is Ethereum then one for the other. Like people said, alt coins price usually follow the Bitcoin price. Bitcoin make me safe than Ethereum is nice alt coins because this is good platform for a lot of tokens.

[East2011]

It ok that you put your money in one altcoin. But before you do that make sure that the altcoin you invested in is good and have a good potential in the future.