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

[Bhosted]

It seems to me that the result is in quality, not in quantity. Therefore, you can have only a few coins, but very promising. Although I am a supporter of investment diversification.

[yatsey87]

It seems to me that the result is in quality, not in quantity. Therefore, you can have only a few coins, but very promising. Although I am a supporter of investment diversification.

But the question is how do you determine what coins are going to be quality or not? There's just no way to tell most of the time and that's why you're likely to lose more money than you make investing in new coins I find. There are plenty of coins I've seen that have just looked like every other shitcoin that fails before it even gets going and is dead on arrival that have gone on to be very successful, even though they haven't really got much behind them and are heavily pre-mined. There are then also the coins that have had potential in my opinion that have just fizzled out or stalled in adoption. If people could tell the difference between them easily we'd all be rich already.

[csbsstudent]

You can use few ones but you have eto be sure in their profitability and future as well, many altcoins give more ways in making decision in hard situation.

[sjbi]

It depends upon whether the coins you have held is good or not. If the coins you have held is good and potential to grow, it is enough to hold even one coin that can make you riches. For an instance, bitcoin is a king coin and its prices is approximately $ 7500. It market cap makes up half of the total market value. What if you have only 10 bitcoins?

[futuristishe]

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 many different coins. You will have more chances that what the currency from 10 will make X10. I stick to the strategy that my portfolio has a lot of coins for a little bit. That is, I sell 70% of each coin, and 30% of each coin I leave in my portfolio in the hope that it will make x!

[nekorakoeora]

Depending on the altcoin what is owned. When it's a little bit but it is a good altcoin all will certainly be a good thing. But if it's only worth a small altcoin or even contains coins then don't waste hope will be able to produce. Although basically can however certainly took a long time to grow.

[Goldendragon67]

All you need to know the measure. If you know 10 cool projects, fully studied them, up and down and are confident in them by 99%, then they can be enough.

[HerreraMJ]

If you want to aim for long term profits I would advice to concentrate your investments on a few promising coins, if you want to aim for short terms than go for daily trading.

[uwouw0]

I think 2 or 3 is enough for me but the coins that are highest quality, i mean why have many coins when the others is shit coins. You earn in other coin but you lose to shitcoin that you bought so in the end you didn't earn.

[jvper]

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?

Holding multiple coins brings you the benefit of diversification but also increases the costs of transaction and control.

[karicir]

It is very good to have many altcoins. After all, you minimize risks by investing in different coins. But it is necessary to pay more attention to each coin and watch them.

[cherepashkis]

I think it's better to have a few altcoins promising than many altcoins, but priceless

[stellaekun]

The more the better,in asmuch as they are not shit coins, it helps you reduce your risks and average your loses should anyone fail, unlike concentrating in just a few

[nobetci]

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?

Diversifying your portfolio is generally good in the world of crypto. But if you try to have big amount of and different coins everytime, it is a very big probability that your loss beats your profit. In my opinion, making your investments wisely is the best.

[lincolnmad]

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?

Well, if you invested your money into cryptocurrency, it's better to separated it to many altcoins. So when 1 altcoin price go down, you still have many altcoins to hold and maybe the rest of your altcoins have a better price and increased. Just have a few is a good choice too though, so you only need to focus on 1 currency like bitcoin and no need to worry about other altcoins.

[azzag0000]

There are currently so many altcons on the market, so collecting lots of them in your wallet doesn't make sense, I think. But having btc and ethereum may not be enough. owning lots of coins will certainly increase the profits that we will and certainly will save our time waiting for coins to be able to reach high prices and get profit from just holding one coin.

[Dm.Stepanoff]

I think it's better to have a few altcoins promising than many altcoins, but priceless

you are right, and given this market, even promising altcoyins are falling under market pressure, what to say about little-known coins. Today is a great example of how even strong coins lose 20% to bitcoin and even more to $

[Nelly.G0211]

Why do you think you need to have many altcoins? In case any of them increases? In my opinion, the number doesn't matter at all, the quality is what you need to think of. I have many altcoins in my wallet, I thought the price would increase, but it didn't happen. And I stuck with the coins nobody needs.

[phewinteristi]

I would rather advise you to hold some coins that have potential. I think holding more than one coin has a good chance. you can benefit from one of the coins when the other coins have decreased in price. but you have to be careful in choosing coins, you can't just choose and you don't know the potential in the future.

[kyra0018]

It is better to have many altcoins in order to have more money to trade and earned a lot. Having a lot of altcoins in your hands will have a greater chance to earn big amount.