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

[altcoinwizzardtrader]

It really depends on risk management.  I usually pick a few altcoins that I know are going to moon, but I'm willing to accept greater risk.  Being diversified is generally best though. I just spend lots of time researching before I choose alts.

[1714730380]

1714730380

[1714730380]

1714730380

[pharaon]

On the one hand, it's good that there are a lot of coins on the market and each coin has its own technology and its idea, but on the other hand there are projects that do not realize their plans in reality and stop in development. We just need to choose the right coin for investment.

[Platon ES]

Personally I chose for myself the sum which I want to invest. Divided it into 10 parts and invested in coins which, in my opinion, are credible. Now I wait when the market is restored.

[Cryptmuster]

I think that we need to invest in several 5-15 different crypto currency, because if you invest only one or two it is very risky. You can lost all your investition.

[bitivan]

I prefer to have at least 5 coins, because if you put everything in only 1 or 2 coins, then you will depend on them very much and i don't like it.

[anchuoinhhoc]

You have a lot of options if you collect when the uptrend market will be very beneficial for you later then you can invest more.

[Renu kapoor]

It depends on what type of coins you have if the coins are of good quality and good market value than a few coins are enough but if market value of the coins is less or nothing then huge number of coins is also a waste, hold few good valuable coins instead of bundle of garbage.

[fivefingers]

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?

The basic rule in investment is that, the more expanded your portfolio is, the less risk you have and the more of getting a profit. So it basically depends on how much you can take but I suggest do some calculations first and make sure you can afford.

[ssuchy]

It depends on what type of coins you have if the coins are of good quality and good market value than a few coins are enough but if market value of the coins is less or nothing then huge number of coins is also a waste, hold few good valuable coins instead of bundle of garbage.

if you have enough coins in your portfolio, it will give you the opportunity to minimize losses with a negative trend in the crypto currency market.

[milani]

Not the quantity but the quality of altcoins it is better to pay attention to. Not many but many good of them, that are worth of holding and if it has the sence to keep them on the wallet.  But you may have just few of them if they gives you the benefits in future or they perspective. So it depends.

[Seth Nyarko]

The fact is, investing in Altcoins is just like trading. Just as you don't need many trades at a time but only few trades that are successful is the best, the same applies to investing in Altcoins.
To me when you have few ICOs or Altcoins that are genuine and you invest in, it's far better than many ICO's or Altcoins that most of them tend out to be fake and you also end up losing massively!

[Arkhi]

Field investment will be better results if you can diversify with similar investments or other types. The same thing with crypto, it will be safe and also good in earning its results with you investing in more than 1 type of coin. Each coin has a different time period in earning a profit. So you can get the results faster if your first coin investment still has not given a sign to generate profit.

[Riki31]

Taking into consideration how much scams projects are on the market nowadays it is better to buy altcoins of better quality with the ready product and with the working product, and better buy altcoins that work already. It is more profitable.

[Specctrall]

it is enough to have few promising altcoins that will bring you profit in the future.

[xlm19877]

it is constantly better to share your speculations on the grounds that on the off chance that one coin falls into which you contributed all methods. at that point you yourself get it. I'd rather limit the dangers and put resources into a couple of coins.

[MrKubemm]

For me holding a lot of different altcoins can get more profit.  But it depends to the coin that you hold if it's potential coin or not.
By making a some of research visiting to ann thread,  and social media you can get some information that you can use it to decide what coin you buy.  Many traders earn a lot of profit because they have a lot of altcoins in their wallet.

[juki35man]

i personally prefer a bit altcoin but it is profitable to me than on altcoin alot but just being rubbish in the wallet
because a lot of new altcoin are popping up and it becomes a challenge for us to choose the best altcoin so we get the profit we want

[putriangel]

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?

Depending on what you will do for the future. Indeed if you have a lot of coins if the price of the coin you hold it all up it may be a good thing because of course you will get big profits too. If the coins you get from the bounty you are working on and you want to hold it, maybe it would be great if you already have money for your daily needs.

[PRC_May]

I feel that the choice dependes on your involvement in crypto, on the off chance that you can have numerous altcoins, you will have it. I believe that than more altcoins you have than it is better.

[texas23]

I think a lot or no coin does not affect you if the coins don't have a price, a little but the price is very high then you have succeeded, but if otherwise you get a lot of coins but don't have the price, then I guess just useless. now it must prepare how to get the coins is very valuable for the future and favored many investors about the innovation and the need for the community.