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

[Help_You]

I would advise you to invest only in a couple of worthy coins such as ethereum, bitcoin, riple, neo. Just when the market falls these coins do not collapse 5-10 times like others. In this way I invest in big coins the chances of saving money more

[1714713565]

1714713565

[1714713565]

1714713565

[1714713565]

1714713565

[1714713565]

1714713565

[1714713565]

1714713565

[Ziscadas]

Looking at what goals you pursue, if you keep coins for a long time, I do not see a problem if you have them and 2-3 dozen, but of course it's better to bet on checked top 10, it's better not to take a lot of different coins and take a market.

[Sanugarid]

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?

Let's put it in this situation: you have many altcoins but not all are having a price increase from the moment that you've held it, would you still hold it? Chances are high that you won't which is a practical decision. The bottomline here is that, not all cryptos particularly altcoins, are worth hplding for a long period of time because only those that are promising would generate profit. So basically, holding a few would be a better choice.

[ukw]

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?

In my opinion, it depends on the type of coin, but I personally think that it should not be overstated by the number of investments. It is better to concentrate your finances on a few coins that have greater potential. Instead of scattering in a very large quantity of coins and waiting for any of them to grow. And, in general, the most coins on the market are worth nothing.

[jayendo]

I'm working on a lot of altcoins. But in any case, I treat carefully the appropriate choice, I analyze the documentation and the development team.

[Freezingel]

Of course it is better to hold a few coin with great potential rather than a lot of coin with little value. People often talk about diversification but it's useless to hold a lot of token if their fundamental is bad. I prefer to hold a few coin that i think will survive for a long time and actually deliver their promises.

[clarkt]

Many Altcoin is already in the market,  and we can see that there will never be a shortage of different Altcoin that cater for different uses and solves different problems.  Altcoin will keep growing and there is no harm in that  so far there is use for these Altcoin.

[gensol]

It is neither bad nor better, the goal is to diversify your portfolio and not to spread it too thin. Just have a bunch of altcoins you can manage from time to time. Spreading too thin is as good as we are feeding the exchanges with transaction fees as our trades will be very small and less profitable.

[royalcrypt]

It's actually better to have many altcoins in your portfolio if you want low risk with your investment. It also depends on how you choose your coin. Coin have more chances of success if you buy it after doing thorough research rather than buying because of just the hype.

[blue08]

It is better to have many altcoin as long as you pick the good one. Be sure that you check and analyze the coin first before you invest your money.  To sum up, the number of coins does not matter, because the most important is the quality.

[sensimilia]

I'm thinking that this is completely up to you, whatever you want to do you are able to. If you want to have many of alternative cryptocurrencies and be like a collection there, go ahead and make it happen.

[chelle5]

Always better have many, because you have so many options, you can sell some when it necessary, you can hold for long term, you can don whatever you want.

[land galu]

I dont believe that one must have too many of the altcoins...but i believe that it is good to have some variety and atleast 5 different altcoins in the portfolio..some top coins and with different concepts...like bitcoins,ethereum and waves.

[alkhie01]

In my opinion, I would like to have many altcoins in my wallet because from the start you will never know what will be their future specifically. Although we still need to be careful in the other hand because of plenty shitcoins are also appearing so we just take the responsibility in choosing And deciding. Gambling as they said about cryptocurrency, ready to loose.

[Freddy63]

It is better to have few, like 5-10, because if you have more, you've got to keep an eye on each of these alts. For me it is wastage of time.

[yurlik1964]

It is important to invest in good projects and do it carefully. There are a lot of them and you need to be cautious, but you must remember about diversification and choose really good projects that have the support of the community. Your portfolio should be filled with really good tokens and you need to be sure of these projects

[Betwrong]

It is better to have few, like 5-10, because if you have more, you've got to keep an eye on each of these alts. For me it is wastage of time.

I agree with this. I think having 5-10 altcoins would be enough. Choose carefully. I would suggest buying 5-8 from the top 20 on the CoinMarketCap, and investing in 2-3 new altcoins which can grow big time but also have a chance to disappear  forever. Do not invest a lot in the new alts, but do not ignore them either. Who knows, maybe one of them will rise 1000 times in the future making you rich (which will hardly happen with the coins from the top 20).

[memFISTO]

I have several altcoins in my catalog. But I focus mainly on reliable projects. Let not so quickly grow, but reliably save my money.

[tmen2018]

You can buy DAGX. When you know the technology used by DAGX, you know why it is.
DAGX is currently available for trading at Fcoin and Gdex.

[Temmy007]

It not realistic for some that wants to make profit rather then loss to invest in many altcoin; I trade 1-2 altcoin at a time