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

[Quarantine34]

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 depends man, if you have so many altcoins but your token is 10 coins, 5 coins.. that is not good. But if your coins amounts is 1000, 3000 that is good enough to have more altcoins. So it's up to you if you are going to have more altcoins to hold or not. For me YES!

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[mightwalker]

There is no specific number about how many coins which you need to have, for a newcomer, I suggest 3-5 cryptocurrencies to easy to manage.

[thuyvy2207]

In my opinion, if the amount of coins we hold it is potential and this is important. If you hold a lot of coins but no potential can not compare with a few coins but potential and quality.So we should hold some coins can enrich for us in the future.

[restuibu]

of course having more coins will be more profitable because in the future we can have more profits, but you have to be careful because now there are so many scam coins

[YoungMaster]

The benefit you may get is an opportunity to make bigger profits. because I'm sure if you are holding many altcoins, some of them are coins with big potential.
But that's only if you choose the right coins..

[weborsha]

The crypto market is very unpredictable, you need to constantly adapt to it. Today you bought some Altcoins, but if you see that there will be a growth of others, you should reinvest in others. You can't keep the same things all the time.

You are so right! I seldom see people write such things, most of them hodl to the very bottom and then sell with great losses. A trader must be flexible and adjust to the market fast.

[Nastinmel]

The benefit you may get is an opportunity to make bigger profits. because I'm sure if you are holding many altcoins, some of them are coins with big potential.
But that's only if you choose the right coins..

 The most important thing is quality, not quantity. If you collect a thousand useless projects, you'll earn on them less than on a hundred good ones. It'll be hard to sell at the proper time. Be wise and don't waste money!

[Altryist]

It is better to have a few coins at two exchanges. If I would buy now I bought 5-6 different coins and all. It is not necessary much.

Initially, the idea was to sell all of their small coins and transfer all their investments into several large top coins, but did not have time to do this before the market fell. Theoretically, small coins can give more growth, so only time will tell whether I did.

[Sam San]

It is better to have a few coins at two exchanges. If I would buy now I bought 5-6 different coins and all. It is not necessary much.

diversification of investment is the best way to preserve capital. here the number of 5-6 coins can be increased to 10-15.

[SaracenRomero213]

I think it's easier to watch a few coins in your investment portfolio. To keep a large number of coins is very inconvenient and pointless. I hold 5-7 different coins.

[go4crypto]

Many and few will be different for everyone. I think quality is more important over quantity. However, in a speculative mania, most coins will run up big so having a few cheap coins is fine so long as bulk of your money is in good quality coins.

[Ditlycel]

For me it is better to have a few top altcoins than to be sprayed on many altcoins, a couple of altcoins will better prove itself and will bring in the future income

[Niobeh]

For me it is better to have a few top altcoins than to be sprayed on many altcoins, a couple of altcoins will better prove itself and will bring in the future income

It's much better to have more coins as a stock in order to earn good profits in the perfect time .I know there will be a good comeback in market and it can be effective in all coins as market recovered.All coins are having potentials here so we can't predict what it goes .

[genapena]

I think that having a lot of coins in a portfolio is very unprofitable at the moment. I would buy some top coins and keep them.

[AshdiD22]

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 doesn't make sense to hold many bad coins without any potential for bringing profit. Better to hold a few good coins with a huge potential to rise in price 10 or 15 times in the future.

[otunayode]

The ideas are endless and most of cryptocurrency traders holding is based on fascination held about a certain coin. If you cab msnafe your portfolio efficiently, there is no harm in holding coin you judged to have great potential in the future!

[nikola22]

I think it's easier to watch a few coins in your investment portfolio. To keep a large number of coins is very inconvenient and pointless. I hold 5-7 different coins.

but if you have a lot of coins there is a bigger chance that some of them will grow very high. if you have few the chance is very little.

[uptown04]

i think if you have just enough funds you better buy more altcoins invest on  more altcoins because you are going to make more money at the end .

[anisoptera]

It is always better to have few coins, but learn about them as much as you can. If you will get too many coins into your portfolio, you won't be able to know about them and that can bring you loses in the end.

[lancer10]

It is up to you, You can have a lot of coins they all have something unique, so no one knows when a coin will get a real fame and you will get rich. Why you bother to think that you should have many coins or few if you can have a lot coins then you should have.

It all depends on the coins value. It doesn't make sense to hold a lot of coins that won't give you profit. Quality over quantity, that's my approach. I'd hold a few good ones rather than a lot of shitty ones.