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

[childish]

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?

What difference does it make how many coins there are? You can earn on one or two or three. For example bitcoin gives me to earn, like many others. I don't care how many coins there are on the market.

It has more Altcoin is indeed very profitable. Moreover, increasing Altcoin State able to make Altcoin as a solution to get more profits in the future and very nice to count on it as a primary precious coins. so more use of Altcoin will be more nice to support its development.

[mainthread]

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 don't think a portfolio should include a lot of coins. Many of them will end up in the trash bin in the end. We must constantly monitor the success of selected projects, only this will make a profit. Many projects stop development and this moment should not be missed.

[paradigmaV]

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 seems to me that you need to pay attention to the quality of these coins, and not to the quantity. Although, the question of quantity is very relative. For some, ten coins is a lot, and someone keeps more than thirty and puts more and more coins in his portfolio. Many opinions may be about this. I have three main coins, in the growth of which I am sure.

[sgenuine]

I prefer to have many altcoins for as long as they are genuine or it is a long-term project and not just a pump and dump on exchanges.
It's nice to hold this kind of altcoin who have a vision and not just a long whitepaper.

There are currently too many worthless coins. It will not be profitable even if held for several years. Better 1-2 strong coins than full of garbage.

[emmybd]

There is no point in having a lot of altcoins, if most of them are shitcoins. It would be better to have a reasonable amount of coins with genuine products, as it will be good for investors.

[nangiarushali]

If you are doing bounty campaigns, signature campaigns or airdrops, every project will pay you back different tokens and coins. But because you are not aware about the future of the coin or token so it is better to convert them into stable coins. Having too many and having a single coin both are dangerous. Opt some good coins and hold them.

[deepakg2m]

I personally like having a few coins. Having too many coins, including those whose future you are not sure about is a stupidity. Also i would like to add that if we go with only the top coin , that is also very risky. Because in that case you never know when it may fall. So my choice is holding few best coins .

[phelbaby]

It dose not matter how many altcoins you acquire into your portfolio what really matters is the credibility of the coin or token in your wallet if they are all promising project than you accumulate as much as you can.

[coinbirds]

Many will tell you diversification is a must and do not have all your eggs in one basket,
but when the market is crashing the most secure is BTC or to short your coins in Fiat or USDT or some other stable coins.

[Barinerro]

Now I think enough for this time of tokens which you can earn new coins especially nothing new to bring only speculation

[surgexvb]

For me personally, it is better to have a few coins that are of high value and have growth prospects than many coins that have dubious development prospects and no plan for improving the product.

[dcomomal]

At the moment, I am trying to buy a lot of altcoins, because of such low prices. I do not believe that IOTA would ever cost 0,27 cents again after the next big bull run. It is time to buy and to hold you crypto guys.

[Thyphon]

The benefit of having many coins is that one of them can make good money for you. The bad thing is that many of them will disappear. I suggest you collect your investment in the projects you believe in

[elrugrim]

The more coins in your portfolio, the harder you will manage them. I prefer to keep no more than 10 coins in each portfolio. Keep in mind that there is almost no difference what projects from the top 100 you choose, they will all grow in price equally during growth, and equally fall during a recession.

[stefany101]

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 suggestions, it is better to have many altcoins so that people have the choices of where they can invest their funds and guarantee that they can gain profits from those altcoin/s where they invested. It is also better to have many of it so that there will be other unique projects that will exist that focus on other social aspects unlike those already existing.

[yinoye]

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?

Both options can have it's advantages and disadvantages. But from my own personal experience, I would choose few altcoins now over having many of them. I couldn't keep track of my holdings with many altcoins and it burned me.

[xialan_lu]

Based on my experience it is better to have only a few altcoins but with large amount, because if you have many altcoins it will be difficult to control it. Besides, the altcoin price are more fluctuates and has high level of volatility than bitcoin, so that when the market is declining like now you will get bigger losses.

[Lyd]

I am one of the investors who holds approximately 20 different currencies. I think this way I am keeping my options opened.

[Nycziecskoi]

It is good to diversify your portfolio, but not too much, and definitely not by buying altcoins that you are not sure of just for the sake of diversifying. By diversifying I mean at around 10 altcoins. I don't think more than that makes too much sense.

[ligerti]

I find it better to work with a small amount of altcoins. At the same time, you need to work only with reliable coins, in which potential you really believe, and not just rely on luck. It is hardly possible to conduct a full study of many coins at once. Therefore, I work with only a few altcoins.