All my money in 1 altcoin - Too risky?

[CryptoDoing]

It all depends on the budget. There is no special sense to spread out a small budget for various cryptocurrencies. On the other hand, with a huge budget, you can increase your potential profits, with different currencies.

[Gabb]

I believe that in no case you should bet all your available capital in only one option, because over the years the empirical experience has demonstrated the convenience of diversifying risks through a broad and diversified investment portfolio.

However, I still believe that if you only have the possibility of investing in a single cryptocurrency, the best option is still bitcoin because despite the supposed improvements that many new cryptocurrencies boast, none can ever dispute fame, prestige and simplicity that precede bitcoin, indispensable elements when choosing a crypto that can be massively integrated into the real economy.

[Catswold]

yes that is risky. it may be a good coin but if it goes done for some reason you will be in loss.it is better diversify your investment to gain safe profits.do not keep all of your eggs in one basket.

[mia_houston]

I think too risk if just invested in one coin, because you will lose much when it fall, I mean if the coin which you invested are down too much. would be good idea if you invested a few coin, Yeah three I think, so it can cover your losses when one of the coins which you invested are falling down

[crishjovi]

if for me, always invest in a few coins, at least 3 coins.
because that would provide more profit opportunities than just waiting for one coin

[b_economic_d]

I think it is better to buy several cryptocurrencies, because their prices always fluctuate, so it will be safer to use several.

[catterpillar07]

It's just so risky to invest all in 1 altcoin. Especially if it is not stabil altcoin. You should to invest in 3 or 4 other coins for better chance.

[toolsydas]

All depends in which coin you invested. But in any case, it's safer to split your investment into few parts, than you will not regret if the price will dump.

[Mr.ZODIAC]

All depends in which coin you invested. But in any case, it's safer to split your investment into few parts, than you will not regret if the price will dump.

The fact is that you can put all your funds in Bitcoin or the etherium, but this will not give a quick profit. It is better to distribute your investments for 10 projects at least. Will rise to be in the long term, And others can make a profit for several months.

[Signmd]

Investments are always risky. And you need to remember that you can not store eggs in one basket. Therefore, we make diversification of risks. If you decide to invest money, then this should not be the last money that you are afraid to lose. If you decided to invest all money in one coin, there's nothing wrong with this, do it, because the amount is not large.

[lusiaga]

Don't put all your money in one place. if there is a loss then you will lose everything.
invest in some good places, so if one goes bankrupt you won't lose everything.

[edisystem]

Don't put all your money in one place. if there is a loss then you will lose everything.
invest in some good places, so if one goes bankrupt you won't lose everything.

Well, putting all your money into one place is have a plus and minus too. The plus is you can focus only 1 token/coin and you don't need to care about other altcoins, the minus is if the price of that token fall, your token value will be going down too and you will be loss. I think it's not too risky, it depends on which altcoin you invest though.

[nysefloortrader]

why in one, buffett who hates crypto, still says in any asset class including crypto you need to diversify in a few.

putting all yuour money in one coin will not perform as well as spreading that risk, and seeing some of them skyrocket to the roof eventually.

[yakushev]

Why it's risky, if you choose a stable type of ether or Litecoin, then there is virtually no risk. But if you certainly invest in pumps, then the result will be deplorable, so you need to diversify to reduce regret.

[nysefloortrader]

no1 rule of crypto

1) divesify

2) Diversify

3) Diversify

[Hirikama29]

If you invest your money in only one kind of coin then you are too risky because you have to depend heavily on the coin you invest in. We should not invest in a single coin but should invest in many types. different coin

[thienthankt1]

If investing in a coin is too dangerous. It can make you rich quick but can also take away almost your entire investment. In my personal opinion, I would invest around 3 to 5 altcoin in the top 100. So my safety is higher, but margin profitability may be a bit lower than investing in 1 altcoin.

[Rainbow009]

All your assets in bitcoin is a bit risky even.
But risks sometimes pay off.
Just identify the possibilities and potential.
You could lose all, or win big.
It always helps to have something to fall back to.

[ZEVS42]

to keep money in one crypto-currency is too dangerous. It is best to buy a few different coins and invest in them about the same amount of money

[friends1980]

If you don't invest more than you can afford to lose, "risky" is a completely irrelevant concept.