hsyncl
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October 11, 2018, 06:16:11 PM |
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It is better to keep the coins that you really think have potential rather than numbers. But the fact that there are too many varieties may be disadvantageous. Because all of these control and trading can be very difficult to follow up. This could lead to damage.
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Tory-Tory
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Activity: 196
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“Blockchain Powered Clinical Trial Management”
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October 19, 2018, 09:09:25 AM |
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There are about 15 different altcoins in my portfolio. 9 of them are in the top 40. The other 6 are located between the top 100 and the top 200. By January 2018, it was clear that having 2-4 altcoins would be enough.
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livingfree
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October 19, 2018, 09:30:17 AM |
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There are about 15 different altcoins in my portfolio. 9 of them are in the top 40. The other 6 are located between the top 100 and the top 200. That's a lot of altcoins you've got, I'd rather have 5 altcoins that has good community and has a better market cap than having a lot of it but having low quantity on my bag. Diversifying too much isn't also so good that it makes your investing power little to the proper coins that possibly can give you better returns in the future. By January 2018, it was clear that having 2-4 altcoins would be enough.
That's not only by that time but you should apply that starting today and put higher portion to bitcoin.
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shane
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October 19, 2018, 10:58:46 AM |
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It is up to you to decide the number of different coins you can have with your portfolio depending on factors such as your estimated returns per each coin, risk associated with that coin, your total investment amount etc. I prefer diversification rather than holding just one type of cryptocurrency as it reduce the risk. But that doesn't mean you should have all coins in your portfolio. It could be the best coins which cover different aspects.
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wuvdoll
Legendary
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Activity: 1442
Merit: 1025
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October 22, 2018, 07:46:37 AM |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
I usually only keep few coins in my portfolio because of two reasons. One I do not like getting spread to thin because I do not see it getting any better when you get to too many coins, there are few ones that gets pumped but usually if the market goes up everything goes up and when market goes down everything goes down as well so getting spread to thin makes no sense to me. Second reason and definetly the biggest reason is that I do not have too much invesment amount and without the proper funds there is no need to invest 10 dollar into 200 thing when you can invest 200 into 10 things. So right now, I have most of my money tied at bitcoin, a bit on ethereum and used to have a ton of investment into nano but it worths really low now and now I am investing into spectrecoin hoping it would go up really high with the new v3 wallet and mobile app.
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nicster551
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October 22, 2018, 10:55:05 AM |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
You should only acquire those who you believe that will have a future in your portfolio. It doesn't matter how many even one can make you rich if you pick the right one.
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BitcoinCommodor
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October 24, 2018, 05:53:13 AM |
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It is better to keep the coins that you really think have potential rather than numbers. But the fact that there are too many varieties may be disadvantageous. Because all of these control and trading can be very difficult to follow up. This could lead to damage.
Well, portfolio matters a lot because if you have investment in a long term like Bitcoin then you will have a lot of time to handle other sources as well which can be of short term and is better if you have short term as well as a long term investment source like Bitcoin. Bitcoin has a lot of potential to give you profit but yes, it is not easy to handle it and you will need to have a grasp over crypto knowledge.
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Sobocirevo
Newbie
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Activity: 72
Merit: 0
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November 13, 2018, 06:59:54 AM |
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It is better to keep the coins that you really think have potential rather than numbers. But the fact that there are too many varieties may be disadvantageous. Because all of these control and trading can be very difficult to follow up. This could lead to damage.
I think in a realistic portfolio, bitcoin is very feasible to be included, because based on existing data from year to year the price of bitcoin is always increasing so that when we HODL for the long term, the profits are very high.
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wxa7115
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November 13, 2018, 09:06:33 PM |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
There is not a right answer for that question, diversification without a doubt is very important if you are investing a huge amount of money in this market, but diversification is only a way to get to your goal, your goal should be to make money out of this market and if you can make money with one coin or with one hundred then it makes no difference, try to find a way to make money in which you feel comfortable. As an example I am the kind of person that only holds a few coins because that is what I find to be effective for me, but you can look around in the forum and you will see people that are holding hundreds of coins and they are making a lot of money that way, so find something that suits you regardless of what other people are doing.
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galundan9
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November 13, 2018, 10:20:09 PM |
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basically all depends on the capital you have, if you have a large capital you should save as many coins as possible that have good potential for technology and the price growth returns.
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Casdinyard
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November 14, 2018, 03:42:46 AM |
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It is better to keep the coins that you really think have potential rather than numbers. But the fact that there are too many varieties may be disadvantageous. Because all of these control and trading can be very difficult to follow up. This could lead to damage.
I think in a realistic portfolio, bitcoin is very feasible to be included, because based on existing data from year to year the price of bitcoin is always increasing so that when we HODL for the long term, the profits are very high. Though aside from the fact that you're not a trader if you don't have any bitcoin on your portfolio. Tbh, diversifying your portfolio to 10 or more tokens or coins isn't necessary as you surely can't keep track on those and you'll just surely missing out their good pump and dump. Why diversify to a lot when you can just have some 2 or 3, just choose those strongest one and profit will come to you.
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Barcode_
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November 14, 2018, 04:52:58 AM |
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In my opinion, I think it is very risky to invest in a huge range of altcoins as you would have to keep a constant update on the wallets of every altcoins, if you accidentally misplace the password to log in to a specific wallet, it might cause you a lot of problems to access those altcoins, and the worst trouble will start when you lost the private key of that wallet.
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perfect999
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November 15, 2018, 08:33:04 AM |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
Having about Three to four cryptocurrencies is good, you can even have more than that if you’re able to manage them. There are lots of food coins in the market: Bitcoin (BTC) Ethereum (ETH) Stellar (XLM) Ripple (XRP) Ethereum Classic (ETC) NEO, BITCOIN CASH, Litecoin (LTC), Monero (XRM) Zcash (ZEC) and a lot more of them more than I can count. You can buy them and keep in your wallet and wait for the market to rise.
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glowing10
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November 15, 2018, 12:16:49 PM |
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I have more than 200 cryptocurrencies in my portfolio. Thanks to KuCoin and airdrops This is amazing and I hope that you would have some big coins as well in those list or the one which has a good future. If your got all free airdrops coins then chances are that one in hundred would shine in future rest will be worthless. Also with the present market being down you would have taken a hit on your portfolio value diminishing .
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altercreed
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November 17, 2018, 01:02:01 PM |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
First, you gotta make a decision to invest in very promising and tested cryptos no matter how much it costs you. For instance, you can choose Bitcoin being the most dominant and the base currency of cryptos. Add more Ethereum, Ripple, and EOS too for these cryptos can follow bitcoin's path.
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dr_chen
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November 17, 2018, 07:08:14 PM |
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To keep too many different coins is not reasonable and it is better to keep a few coins that you think have potential. Since it is difficult to control and follow prices of all, it is a better way. In order to choose right coins without suffering from a damage, you must be lucky and hardworker.
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Bitfling
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Activity: 602
Merit: 10
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November 18, 2018, 01:17:20 AM |
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I have more than 6 different coin and token and maybe i will adding more different coin or token. I am diversify my investment because i think its the safe way to secure my investment when market drop like right now
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redsap
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Merit: 10
Harmony for One and All
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November 18, 2018, 01:25:47 AM |
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Many people are having 4 or 6 in their portofolio. The more intresting i think is okay if you have few of coin you hold but with a good future in it
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Big-bigger-bitcoin
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November 21, 2018, 07:33:45 AM |
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Many people are having 4 or 6 in their portofolio. The more intresting i think is okay if you have few of coin you hold but with a good future in it
This is one good way to maximize the profit in crypto business. Having a diverse portfolio matters a lot for example if you have one, you are very well off during both the green market and the red market because your risk of losing is low.
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bajingluncat
Jr. Member
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November 21, 2018, 09:24:40 AM |
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actually there is no limit regardless of the amount you want to have, it depends on how much money you have, but a little suggestion that you buy bitcoin, or if you want to try altcoin choose altcoin which is more trendy or has a name at least that has a fairly stable price in the sense the price will not drop dramatically or quickly become garbage, read a lot of markets and keep monitoring prices before you decide to buy, multiply reperence, at least it will minimize the risk of loss
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