All my money in 1 altcoin - Too risky?

[Riddikulo]

Investing on the cryptocurrency is risky but if you only invest in 1 altcoin it will be lower the risk but make sure you make a deep research to that alt/token because that alt price in future not only depend on bitcoin price but also their product development

Investing in 1 altcoin only (or in Bitcoin, it does not matter) is a great risk. Even when you are almost sure that this is the perfect crypto that will grow, you can be never sure that it will be like this. Buy at least 7-10 alts.

[1714258763]

1714258763

[1714258763]

1714258763

[1714258763]

1714258763

[1714258763]

1714258763

[Icwt]

Agreed it’s very risky, sometimes those high risks pay off though, most of them time they don’t though unfortunately 

[fortune92]

No way Jose . Don’t fall in love with just one project spread out your investments you never know what couls happen to that single coin . Find the best projects you did a research on 5 coins and invest 200$ on each and wait and see what happens

[AlisaWhishie]

No way Jose . Don’t fall in love with just one project spread out your investments you never know what couls happen to that single coin . Find the best projects you did a research on 5 coins and invest 200$ on each and wait and see what happens

Come on, to find these best 5 coins on the market, you need to analyse and research thousands of them! Not so easy, as it can make you mad, so it's OK to start with one coin and then to add something else to your portfolio. I guess most of as started with BTC as our first coin.

[pumawolf]

Cash is not money or they are all uniquely. The most reliable way to get BTC with 50% cash tee and 50% of the remaining money.

[palermofc]

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 suggest you not to invest all your money to only one altcoin. It is possible to lose a huge amount in minutes if you do so.

[ning_aric]

As you also know that it's risky,  so don't try it else you might blame yourself,  in Crypto world diversification is really important in order to make your portfolio solid and avert being dumped on by just one coin,  never put all your eggs in one basket

[supahlovah]

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 think the only money you should invest in crypto currencies is the money you can afford to lose. If you want to spread the risk, sure, diversify between several alt coins, but remember they’ll all high risk investments in any case.

The crypto-currency sphere is still very far from being part of the ordinary life of our citizens. For many, this world still remains mysterious and incomprehensible, although the same laws of development operate there as in other areas of human activity.

[fatymaeos]

Yes, certainly. It's risky. If possible, try to invest in a few basic and long-existing ones. This is the safest option. Although the emergence of new cryptocurrencies in the market can bring many more surprises.... Both positive and not so positive.

[slavasxpu]

I believe that you should not invest in only one cryptocurrency to your cryptoperthite should make at least three different cryptocurrencies.

[ZonaCrypto]

Keep all the money in one cryptocurrency - of course risky, it is better to invest in different currencies. Especially in the market of cryptocurrencies from very much and where one currency can sink, another will give a big profit.

[MidnightWolf]

Keep all the money in one cryptocurrency - of course risky, it is better to invest in different currencies. Especially in the market of cryptocurrencies from very much and where one currency can sink, another will give a big profit.

in any case, the investment should be in several coins, but in order to reduce the risk of losing your funds, you should choose those coins that are in the top two dozen of the coin market rating.

[Stiven1999]

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

[Severne]

I think you shouldnt invest all in one coin its too risky. You should spread your money to different coins and top coins. Ethereum bitcoin ltc are the top coins that should be created %40 of your portfolio. These are best safe choices. Your way is too risky.

[josecarlos2016]

You can invest in one coin, then it should be top with high capitalization, for example Bitcoin. But it will be more effective to divide your portfolio into several coins, because often altcoins bring higher profits.

[Virtual-Money]

yes its too risky,, its best to invest to multiple altcoin

[AteenaD]

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 only one project with your current fiat certainly is risky. You may end up losing your entire investment capital. And this scenario is without a doubt you do not want to happen. So why not diversify? Diversifying can actually minimize this risk and can indeed acquire you a huge profit in long term investing.

[Moshi Moshi]

in my opinion it doesn't matter if the coin that you are investing is a good coin, I also prefer 1 coin for an investment place that is ethereum, the risk is just focusing on the coin and not getting a big profit.

[fortunecrypto]

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

Even if it is a small amount you should invest it in at least 2 or three coins and do not only rely on your profit in one coin, in fact my small investment last month  is only $50 from two coins  but I still manage to get a profit from my small investment, so however small you need to spread it.

[Duogembrot]

it seems like it's too dangerous and you won't be able to enjoy the benefits you can get from having another altcoin and the risk of getting stuck will be very high.