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

[arienna23]

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 few altcoin than having plenty of altcoin that has no value and no use at all. This continues creation of new altcoins will only bring down the cryptocurrency adoption because many will think that it is a scam and they will be afraid to invest or use it because it is not stable as fiat.

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[kaineh]

It depends on your research: if you can find a lot of info about a ton of coins and you believe they will be going well then go ahead and hold some bags. But you should follow all the updates and news too, it takes a lot of time. That's why I like day trading now (scalping on bitmex, arbitraging with CrypScan, taking some fast and regular profits)

[EducoinVietnam]

I regularly invest in different coins. I think that this option is more profitable and safe for investors and market participants.

[Arcanefist]

I always focus on working with a lot of different coins, because there is a chance to get more profit. But in any case, it is necessary to choose a suitable coin in a responsible way.

[Paha87]

if you decide you want to have altcoin that much you should see the altcoin you want to buy should you buy altcoin that really has a good product and very useful for the people. lest you buy the wrong altcoin because altcoin is now very much at all.

[Paha87]

if you decide you want to have altcoin that much you should see the altcoin you want to buy should you buy altcoin that really has a good product and very useful for the people. lest you buy the wrong altcoin because altcoin is now very much at all.

[Freezingel]

It's enough to have just a few solid coins instead of a lot of other coin that's not that good. It's easier to keep up with recent progress if you only have a few coin rather than following a lot of announcement channel. If you really believe that the project will perform really well at the future then it's a weird decision not to put a lot of money there.

[francesyrus]

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?

Its better to have many coins in our own wallet and hope that someday it will hit big like what happen to bitcoin.

It is nice to buy shitcoin in bulk if we have assurance that it will hit big in a few days because of easy profit but when you buy and suddenly it goes down your investment will also go down faster.

I think much better to have alts that have a chance to go up like ethereum and litecoin than other shitcoins....

[mullzerwar]

I myself would prefer to play a lot of altcoin. than just got a little. Because by having many types of altcoin, then we will be increasingly easy in trading. Can choose daily trading or long term. and profits also would have a lot more.

[ThePromise]

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?

yes it is, especially promising altcoins which you can see a potential of growth, having it on your wallet might give you a lot of profit in the future. that's why its better to have many holdings of it.

[mejalipat]

there are now lots of new coins popping up and competing with pre-existing coins, but I am better to have and invest in a few coins that I think have the opportunity to be able to make a profit

[waser12]

When you have a lot of altcoins it is too difficult to monitor each of them. Also when all of your deposit is in altcoins you can lose a lot in Bitcoin value and in Cash at the same time (if you are trading in pair ALT/BTC)

[Gozie51]

I think its better to have different alt coin than to have only one because we can never tell if that coin which you have bought will be dump at some point. Also, if in case there comes a point when you urgently need the money you have other option of which among will you sell based on the mark up that it already has.

Before purchasing a coin, we are suppose to research and understand their use in society and check if that use will actually profit the society at the future time, this is the reason that some coins starts rising after a long time of purchase. Coins like litecoin and etheruem rose from nowhere last year. Hence, is it not better to have such coins in your wallet than having bounch of shitcoins that won't worth $5 when sold?

[ligerti]

Personally, I focus on a small number of coins. For me it is safer, because there is not enough free time to carefully study different coins.

[Falconet]

I think that is possible to trade on a daily basis with just a few, but you could get into an impasse if they all drop in a certain amount of time.

[sazon84]

Many altcoins are meaningless and completely unnecessary.  I think more than 100 altcoins are superfluous.  I would like to have no more than 100 coins. And to enter the stock exchange, projects must be really competitive and surpass what is on the market.

[MR_Klip]

I allocate my investments for various promising projects. But in any case, I carefully study each project, so as not to be mistaken.

[Kunlejoe0]

Having many altcoin ensure that every segment of the market is cater for! Altcoin are bit more flexible and they can also create their own ecosystem where a currency is built and integrate on their platform.

[iqlimasyadiqa]

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 you are a person who wants to speculate, investing and having a lot of Altcoin is a good choice.
In calculation, Altcoin is very difficult to predict, all because Altcoin has an unstable price movement.
I admit that when we decide to invest and buy some Altcoins, we must accept all the risks that might occur in the future.

[Isiaka208]

Having more altcoin is not the case here but having valuable coins or coins with value. To avoid falling into trap of shitcoins at the end, its just better to have a few that you know and sure of the future prospects.