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Author Topic: Is it better to have many altcoins or it is enough to have few?  (Read 4901 times)
ub27
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November 03, 2018, 02:03:08 PM
 #861

No need to hold too many altcoin, it will make you chaotic and difficult to track and manage them every day. Just pick out the best altcoin according to your preferences and hold it. It's easy to manage and you'll be safer to hold quality altcoin
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 03, 2018, 02:04:16 PM
 #862

In my opinion, the main amount of altcoins are useless trash. They have no value. There are few working projects. All this garbage will disappear over time. So do not buy trash in long term.
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November 03, 2018, 02:22:23 PM
 #863

I am more pleased if you only have a few types of coins and lots of them, but that coin is very potential, with that you have nothing to lose. you can imagine if you have a lot of coins but the profit are a little, then you only collect garbage
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November 03, 2018, 02:32:01 PM
 #864

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?
All projects offer their idea, their products. Most projects do something similar to what already exists and compete. I mean, there will always be a lot of coins, but most of them will be gone.

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November 03, 2018, 02:38:54 PM
 #865

I think that buying a lot of coins will save you from risks. Most investors recommend buying one coin for 10% of your capital.

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November 03, 2018, 02:41:16 PM
 #866

i think the answer is depend on your initial money. It's useless if you have so many altcoins but with low volume. It's more better to have few with large number of volume. So when the price going up, you can feel the profit immediately. But if you have unlimited money to spend, of course you can buy all altcoins that you think have a good future.

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November 03, 2018, 02:46:24 PM
 #867

it is about risk management. if you buy many altcoin then most likely you will receive avarage profit. if you want more profit, then you should study many coins and try your luck buying only several.
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November 03, 2018, 02:48:13 PM
 #868

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 on how much do you have, and how much have you spent to have it. Take note that there are over thousands of altcoins existing in the crypto space, and only few has value and usage. Having only few, but smart investment on altcoins can still give you more profit than having tons of shit coins.
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November 03, 2018, 02:48:25 PM
 #869

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?

Very interesting question, I think you answered it yourself already. I prefer to buy a lot of altcoins because if you keep money in many altcoins, there are more chances to earn money, and if you keep money in one coin, you can lose everything quickly.
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November 03, 2018, 04:11:00 PM
 #870

Be wise and choose coins that are felt to have a profitable opportunity. Investing with many altcoins can be profitable and can also be detrimental. I think it's better to only have a few coins but have a big opportunity in crypto's market.


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November 03, 2018, 04:18:09 PM
 #871

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?
Having that many coins could give some profits. The only thing about that is that it's expensive.

 
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November 03, 2018, 04:33:56 PM
 #872

I think we better to have a few of altcoins, because in this year the most altcoin is worthless.
So, choose some promising altcoins.
I've only had at most 10 coins that I would invest in. Anymore would cause my portfolio to be unorganized.

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November 03, 2018, 04:36:15 PM
 #873

I think enough the few, 50% strong and 50% new potentially high profitable.
If you have too many coins you can need to store many wallets and registed at many exchanges

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November 03, 2018, 06:39:42 PM
 #874

When my friends ask me if its better to have many altcoins, I say that nothing is wrong with that but as long as you value your portfolio, you can modify it with the best coins and useless coins.

But for serious matters, its better to have fewer coins that has larger value than many altcoins.

You never know how this or that coin behaves. It happens that a small little-known coin gives such an increase that it covers all losses and exceeds all expectations. It's better for me to have a lot of different coins in my wallet.
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November 03, 2018, 07:05:22 PM
 #875

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?

based on my experience it is better only hold a few altcoins but in large numbers and have done previous research rather than holding many coins because this will make you confused in managing it
besides that, sometimes you'll also miss the good and bad news about the altcoin you hold because there is too much to follow
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November 03, 2018, 07:05:57 PM
 #876

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?
Altcoins should develop without any restrictions. This is especially true for ICO projects. This folk art is very useful, despite the presence of now useless and fraudulent projects ICO. Of the entire array of emerging tokens, the market will leave only useful and in demand. Therefore, one should not be afraid of their glut of the market, there are not many tokens on the market at all.
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November 03, 2018, 07:36:18 PM
 #877

I do not think that it is worth buying as many altcoins as possible, as this will not do any good, but you can not also invest only in one or two altcoins, as it is better to diversify your risks and invest in several good coins.
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November 03, 2018, 11:07:42 PM
 #878

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?

Have many coins is the best as it say do not put your egas in one basket. Try to do capital managment
Have a look at below post regarding capital managment.

https://bitcointalk.org/index.php?topic=5058478.msg47335445#msg47335445
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November 03, 2018, 11:51:55 PM
 #879

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?

Have many coins is the best as it say do not put your egas in one basket. Try to do capital managment
Have a look at below post regarding capital managment.

https://bitcointalk.org/index.php?topic=5058478.msg47335445#msg47335445


thank you for this information

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November 05, 2018, 12:12:14 PM
 #880

When my friends ask me if its better to have many altcoins, I say that nothing is wrong with that but as long as you value your portfolio, you can modify it with the best coins and useless coins.

But for serious matters, its better to have fewer coins that has larger value than many altcoins.

You never know how this or that coin behaves. It happens that a small little-known coin gives such an increase that it covers all losses and exceeds all expectations. It's better for me to have a lot of different coins in my wallet.
That's for you but that increase wouldn't take effect for a very long time.

Unlike having a few coins but the strongest only in your portfolio would make you stable though the market has been dropping.

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