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

[yatsey87]

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's always good to diversify your assets and never put all you eggs in one basket as they say, but holding lots of worthless shitcoins probably isn't going to get you much gains as holding a few strong/popular coins like bitcoin and ethereum and so on. With that being said, you could always get lucky and see some huge gains in one coin that nobody expected and this does happen from time to time. Ripple is a coin that doesn't seem to have had much going for it but those who invested early got very rich from it and the founders are even now billionaires. That's right, billionaires:

https://www.forbes.com/sites/laurashin/2018/01/02/meet-the-crypto-billionaires-getting-rich-from-ripples-xrp/#30ed5d303289

Everybody is always looking for that next big thing but it's potluck whether you actually find it and people usually don't, but that's the crypto world for you.

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[martinpppp38]

It depends on the initial investment and the goals you want to achieve. If a person has a small budget, I don't think it's a good idea to have too many different crypto.
Similarly, if you want to increase your chances of making big profits quickly, it's better not to diversify too much.

On the other hand, putting everything on one project is dangerous too (if it crashes we lose everything)
As for many things, the risks are related to rewards (personally I try to find a balance, I only bet on 4/5 projects that I think promising)

[coino.org]

I believe your portfolio should contain no more than 10 altcoins. It is hard to follow price changes of each altcoin, that's why I don't like big portfolios.
Also if you keep your alts on MEW, there are additional fees to transfer each altcoin. Some of them can be stored on different exchanges and it is not convenient.

[Laxus215]

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?

If the coin have portential it's better to have atlist 10 to 15 coins in the portfolio it's like diversification in the investment. Atlist you will not regret if some coins which have potential and not in portfolio shows peak. But this coins you should hold for long-term as there is a huge chances of getting losses in short-term investments. Also don't forget to maintain mainstream crypto into the the portfolio like BTC and ETH.

[Cacaparg]

It depends on what altcoins do you have and how much do you have, to my mind if you have many different  alt coins  you have more chances  to  have profits, it is the same  as you want to win 1 mln dollars from lottery and you buy  a lot of tickets. If you have several  -  that is opposite situation.

I think the most optimistic  strategy it is deversification

[jouns]

I see only one advantage of a large number of coins. If  project on own ICO gives an opportunity to pay for the purchase of a token in fiat money, it attracts new money to the market.

[MWesterweele]

I see only one advantage of a large number of coins. If  project on own ICO gives an opportunity to pay for the purchase of a token in fiat money, it attracts new money to the market.

I think its better if you have few Altcoin but all of them have potential, than have many Altcoin but most of them are not worth it or no longer around. Also its depends to you, if you have lot of money to buy then buy as more as you want but make sure they are all worth it. And if you dont have enough money then buy only few of it, but you should buy those crypto that possible to increase even more like Ethereum.

[yatsey87]

You should bear in mind that the more coins you have, the more chances of you making bad investments.

But on the flipside of that you can just as easily say that if you only have a few coins you run the risk of investing in a bad one also. If you put most of your money in one coin or all your eggs in one basket as they say and it's the wrong coin or "basket" then you're screwed. That's why its sometimes better to diversify your assets or at least put the majority of your money in a stronger investment but take a gamble on a few more risky ones and hope the gamble pays off.

[lajtman]

Many altcoins give many chances for earning and this fact its too significant here, so I like having a lot of alternative cryptocurerncies which will encourage me.

[itsik78]

Not all of them have a future and prospects, but this does not mean that they do not need to be kept. A large number of altcoins gives a great chance to earn. Precise forecast altcoins make up heavily. But if the current dynamics continue, they will continue to increase their share and attract more and more investors.

[jademaxsuy]

I do personally do not like to invset more coins because it will confused me on my time getting to get into that coin and then go back to this coin it will consume that much time which is not idea. ANyway having few coins does not mean that you will have low possible to get profit. It will all depend to that token market price movement.

[ObroQ]

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' good to have a diverse portofolio but be careful in what do you invest. Also, dont make big investments in a single coin. Buy a few and see if that works out, if not, at least you haven't lost that much.

[marcosfx]

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 own opinion that you would rather have 5 of the most productive comment in small quantities then you will have a 100 those which are just worthless trash instead.

[Volk-05]

You can not be 100% sure, and if you buy a pair of coins, and not from the top 10, then the risk of losing them is higher!

[panbirt]

The more types of coins you have, the safer you are. The more you have, the more likely you are to make money. Investment diversification is the right approach. Then invest long-term. Wait patiently.

[Baihum]

I think you better get a lot of altcoins, so you will also get lots of profits by waiting for higher prices.

[prukerohen]

I think having your investment in just a few number of altcoins is better than investing in a wide variety of them. In my own opinion, It is more risky to have investments all over the place than having in just a few number of coins. Plus you can easily monitor and pay attention to your investments if they are just a few. It is easier to keep tabs on them and a lesser event/probability of making bad choices.

[dulce dd121990]

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 guess it is more advantage to have more alternate coins since it means more possibility of big profit than with only less coins. More coins more chances of earning. If you have more coins, you can choose which of them you have to sell with the higher amount in crypto market.

[arnoldspicemerchant]

If you have a lot of altcoins, then in the process of trading you lose control over them and the risk of losing profits increases. I advise you to keep in trade no more than 3-4 coins.

[public113]

I think the most difficult is choosing the best one to use.