Is it better to have many altcoins or it is enough to have few?

[ghost424]

Alternate coins provide a extra income because you can sell it anytime if they have a high value. Alternate coins can become another type of investment because these alternate coins may become stable in the future and even become profitable. Hodling these alternate coins is always a good idea because you can learn more about their platform once you have become interested.

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[senin]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

Altkoinov really is now very much, but these are mostly tokens that are created for use in the narrow areas of our lives. And our life is so diverse that the need for tokens only increases. In addition, if some coins and tokens turn out to be useless, the market reacts to it with their depreciation, and therefore there can not be much altkoins in principle. If the altcoyins have a value, then they need someone.

[Matildada]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

I think there are a lot of altcoins now that have no value. Their founders are just making money. These altcoins may be a hoax, and in the future they will become 0. So when we invest, we need to know the situation carefully.

[Sebas.tian]

Well there are lots of altcoins out there. But don't get easily deceived by these coins. Some of these are scam,some are not. Either options are good, you can have large amount of altcoins to have assurance that you'll have large amount of profit, or you can have few altcoins to avoid investing in scam projects. If the project you joined is successful, you can hold your coins for a long time then you'll earn big profit if its price increases.

[supermine]

I think it's better to invest in many crypts of small amounts.If we invest only in one crypto, then the entire profit and loss will depend on one crypto. But if we invest in a number of cryptos in small amounts thee risk will comparatively decrease in nature.

Yeah it is better to keep our investment in some baskets than in one basket if that coin falls then all our investment will be gone.So we have to invest on the top altcoins than investing on too many cheap coins.
But many altcoins will lose their value because there is no upgrade from their team so choose the coin with the best development team if you are going to invest in long term.

[Stedsm]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few?

I would define it with some situations here:
- Only buy too many when you see too much negative numbers going on in the markets, just wait for the correct time and then buy because during such times, these coins face tough times but when they recover, they kick it off hard by showing an unexpected rebound. Strangulation of these coins assures that these coins will surely see some great days once market stabilizes. And when the market is already stable or going green, go for major coins only as you'll probably lose on most alts when Bitcoin and other major alts rise high.


 

What are the benefits and harm in having that many alternative coins?

Having too many alt coins will have both benefits and harms based on speculative measures - few of your coins may see a spectacular spike while others may show you reds for some time, and it's not really possible to watch out for each all the time. In my advice, download an app like blockfolio to keep track of all your coins at one place and set an alarm for prices about which you want to know when your coin reaches your target.

[jhache]

You should invest a large portion of your money into 2-3 coins while invest a small percentage into low market cap coins. As these are the coins that are going to give you the x10-100 you are looking for. Investing most of your money in large market cap coins reduces the risk factor for your investment.

[DarLim11]

The more the merrier would be the best. Though the success of a coin depends mostly on the company that manages it and the benefits of using it. The more benefits the more crypto investors will come and try to trade.
When a single coin that you invested in grow is enough to balance if you lose in other coins

[Carlsen]

Diversification is an important thing when it comes to an investment plan.
Regarding crypto currencies I would say it might be a good thing to hold maybe the top four or five of the altcoins.
I think that these coins will grow when the whold crypto market grows. But I think as well that the whole market does not need a large number of coins.
So investments in smaller coins to me only make sense when you are a trader or you plan to sell in the near future.

[Ashe-J]

First of all you cant have them all .. second it depend if you want to invest 200, 2k or 20k .. Generally i prefer that you choose 10 max that you believe on there project and let them go.

[adzino]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

It is way much better to have few alternative coins rather than having shit tons of alt coins. Select some good legit alt coins that are undervalued and has potential and spread your investment among those. Spreading your investment helps you to reduce your risk and sometimes balances out your profit and loss.

[CodyAlfaridzi]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

That totally depends on your investment strategy. Speaking of mine, I'd rather have a few coins that I deem promising in the near future and spend some amount on it rather than buying a lot of coins in small amount. This is because I don't like investing in random coin that I don't know much about. I usually do a research and read about a particular coin before deciding to invest into it.

So, which method is better? I don't know and I guess nobody did. It just the matter of your preference.

[CongHoan]

have more coin have less risks

[bobrova]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

I do not think one should invest in more than 5-6 alt coins. Most of the people are investing in alt coins for diversification, they want to remain safe even if one coin collapses, But if someone obverses carefully, most of the coins show similar price fluctuation due to a negative or positive news. And the most important thing people forget while investing in multiple coins is the time required to mange so many coins. You will have to keep checking prices for all the coins, follow the news related to each coin and this can be very time consuming.

[jerry29@]

Yes , it is very good if you have lots of altcoin as compared to have huge amount of same altcoin. You may be amazed that if you don't have the variety your chance of earnings is less, but it carries low risk because crypto has very high fluctuations in the market. Your step is very decisive. Having good amount is very good,but associated with high risk. If that crypto don't effect the market and went to loss,then your money may go in veins.
So my advice to collect the different crypto.

[dillpicklechips]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

Actually, the thing you should have are those who have real values. If you manage to know the project, understand and believe that it will have a good future then better invest on it. It doesn't really matter how many kinds of alternative coins are you holding. What really matter is the "kind" of alternative coin your holding.

[gemajai]

If there are many good promising altcoins, then grab 'em. If only a few are really showing good signs of potentiality, then stick with that. The point here is do a research on the altcoins. Invest on those coins which many people would invest in because of what it can buy (like security related coins, shopping-related, etc). There are so many trash coins out there. Don't invest in them just because they sound cool or just because your friend promotes it. Do your own research.

(If you are really just after the profit, you will just most likely buy low value coins and wait until the value increases. This does not really help establish the goal of having cryptocurrencies, but you can still do it if you want to.)

[ogini]

i have learn to invest as much as i can,while wait for anyone of them that will shot to moon,if it workout that all shots fine,but if it dose not all them

[chocolaty]

I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?

It is better to have many coins in your portfolio because that lessens the risk of loss and opens doors to more profit. As much as possible, avoid investing in few coins. Always look for new coins with high potential. Do some research on good coins. Invest. Hold. Once the whole market rises, you will gain more profit.

[darkangel11]

One might think that by adding more coins to your portfolio you are increasing the chances of making money on pumps because you never know which of them will succeed or be temporarily pumped. The problem is that you are also increasing the chances of failure because each of these coins can lose value just as fast as it can gain it.
Having more coins makes you monitor multiple charts, read multiple predictions, follow multiple dev groups... It's annoying and I see it as a waste of time. It's better to have a few.