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

[Rajamuda]

If indeed you already knowing the right coins you know well, just select some that do have a definite and reliable price growth, rather than picking a lot of coins.. but that's just coins which will not be promising to a profits.
But I think .. it depends on what we know more about a certain coins, picking a lot of coins with careless, it's just useless.

[angelaurum]

i think its better just to keep atleast 5 major coins that you heavily invest on then
you can either put $100 usd to each coin that you trust

before i had so many altcoins and now i am thinking of lessening it because
it also takes a toll in my portfolio because not every coin will succeed

most of the coins last 2017 are now dying

[miyong]

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 really don't know because trading is unpredictable.  Nobody can tell exactly the next stage of bitcoin or altcoin. What we do now is basically comes from the latest or the previous happening in bitcoin history. What we have is only a prediction and it could be right or wrong.

[Bowly88]

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?

For me yes it is better to have a lot of altcoins but those altcoins that are successful and have a potential to grow in the market as bigger as bitcoins as possible. Because that can serves as an alternative investment in the future like Ethereum if bitcoins are falling and ethereum is not then you have a back up plan but bitcoins will still be the biggest but it is much better to not stick into one platform .

[Prodigan786]

I think some Altcoins better instead of holding lots . Because before investing you have to do enough research about the solution provided by token or coins . Potentiality of coins for long term or short term . Next major announcement there is lots of factors involved . You have to always track news about coins . To get best selling price.

[Catch-22]

High quality altcoins are good. Some ICOs are also good for long term investment too. I prefer to have minimal number of altcoins as monitoring is hard since the prices changes per seconds.

[maianh09]

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?

Choosing too much Altcoin to invest makes you risky because not all Altcoin has a community and can grow. Choose between five and ten choices, which is a good way to reduce risk and make more money.

[zentdex]

There are 1555 of them listed in the coinmarket cap website excluding bitcoin. For me it is better to have a few like 5 or 10 because I could still managed them all at the same time. And I think I cannot manage more than ten, I even stumble when trading 5 coins at a time. However if you are planning just to keep it and not use it the drawback could be price volatility. Due to numerous holdings you may overlook some coins that are loosing value and you may also overlook and not able to sell coins which reach its peak value.

[MAJICOIN]

If many altcoin are in the market then we will look at the best altcoin for buying and for long term investment bitcoin is good and with this the people have holding other coins as well so it is a good way for me to chose the best coin in the crypto market and if there are so many altcoin then the people have the choice to chose the best coin.

[drukoz2]

I recommend you to have several different types of coins, as this way you insure yourself against losing all your funds in case of failure of one of the coins.

[odranoel]

I think it is better to have few altcoins  but a great one.More important is you know how to handle your coins,learn to hold it because it is more beneficial in the long run.

[Clark05]

For me holding a lot of different altcoins can get more profit.  But it depends to the coin that you hold if it's potential coin or not.
By making a some of research visiting to ann thread,  and social media you can get some information that you can use it to decide what coin you buy.  Many traders earn a lot of profit because they have a lot of altcoins in their wallet.

[raidarksword]

I rather take my chances to have or to collect many altcoins because you will never know in the future they might be useful someday. If my tokens don't have any value or less at all but still is thing that is worth buying because it may be profitable or useful in the future.

[google98]

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?

Most altcoins have no value and will not have the chance to increase their value. I personally prefer to have in my portfolio up to three or four coins that have the potential.   

[vanslyien]

Some of us want more but when we have too many things that need our attention the quality of how we respond to them might became ineffective. Fifty percent is better than one hundred percent nothing.

[Catakou14]

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?

For me it's bettet to have many coins, more coins more profit and the coins have different values. But it depends on you if you can handle it all.

[Pasadoble]

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?

First of all in case of many alt coins you have more chances to succeed, you never know which one will work better. Besides, you during trading you have more opportunities.

[Tonygold1967]

It depends on your attitude, if you are trader it is better to try different coins to get profit, if you are just holding than it does not make sense.

[Tumanggor]

based on what I experienced, there are only 2 to 4 coins giving me the advantage, it does not matter saving a lot of coins, but you should see the prospect of the coin in the deepest time before saving or investing in the coins..

[Geemy]

from my point of view, you have many currencies with you. In some cases, currencies drop. In the currency exchange rate, at this time, if you need money, you can sell what you do not want, get the money, and find your money as often.