How safe is it to put everything in one cryptocurrency?

[sana54210]

It is not safe to put all your investment in one cryptocurrency because of the risk involve in cryptocurrency investments. The best thing to do is to invest in multiple currencies say 5 so as to reduce losses in investing in one currency should anything go wrong

I would say it depends on you as an individual and what you are holding. I have known a lot of people who really do not fancy altcoins at all and just prefer to leave all their investments in bitcoin, knowing that altcoins are just some form of distractions as the case may be.

Sure, a lot of people will talk about diversification, but if you really want to be diversifying, you should be going outside cryptocurrency and maybe into stocks or thereabout. Within cryptocurrency itself, it totally depends on what you are comfortable with but if I am to answer the question, it is not safe to be putting only your funds in altcoins.

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[batang_bitcoin]

I think everyone's decisions are different, but if for myself if the coin development is more promising in the next year, I decide to fully invest in this field with all the risks I have to be prepared.

You will only invest to that coin if you see a good development? Thats a good step of choosing whay coin to invest. Im diversify my investments but Im only choose the best coins. And with this, I wont diversify too much because depending on the marker condition. Theres a time that its fine to stick to bitcoin only when alt market tanks.

[Kekkins87]

I think everyone's decisions are different, but if for myself if the coin development is more promising in the next year, I decide to fully invest in this field with all the risks I have to be prepared.

You will only invest to that coin if you see a good development? Thats a good step of choosing whay coin to invest. Im diversify my investments but Im only choose the best coins. And with this, I wont diversify too much because depending on the marker condition. Theres a time that its fine to stick to bitcoin only when alt market tanks.

I agree...maybe it's late for being early adopters of bitcoin but It's not too late for others coins...there is a good dose of luck of course, but you must always do your own researches...for example watch Elicoin in livecoinwatch , is not an ICO or bounty... it's a coin with low mc, low supply, PoW whit cpu, no premine, active dev...only trading it on CREX24 for now...do you own researches in the thread in bitcointalk: https://bitcointalk.org/index.php?topic=3028302.0..I bought them 2 months ago and if you watch it in livecoinwatch you know why now I laugh very loud Smiley people are too stupid for DYOR and got scammed by ICO or bounty...just my 2 cents...hope it helps...cheers

[mobireal]

For me the answer is no why because in investing you don't really no if that particular project will pump up after you invest it is better for you to distribut that money in different places which is a little safe.

[Sarisang]

the focus in one or two cryptos in a large amount of capital will be able to provide pretty big results when it experienced a rise in value. clearly at high risk only because it is currently experiencing a price drop far enough then the harm is obtained is also not a bit. at least if the safe may have some coins to invest just in case looking for coins that could be having an increase.

[aencarnaci]

It is not safe to put all your investment in one cryptocurrency because of the risk involve in cryptocurrency investments. The best thing to do is to invest in multiple currencies say 5 so as to reduce losses in investing in one currency should anything go wrong

Then how do you know that thecurrency  will grow and will surely give profit?Sometimes investing in many coins may bring us lower chance of gaining.for me two of three coins is enough for holding so one may give us higher earning.this calls diversification a strategy that brings less losses to investors

Well, that is something that would depend on the currency you are holding.
If not for recently that I just decided to be holding pretty few altcoins at least, to some little bit of amount in some of them, I have never really considered altcoins as an option due to their pump and dump trend and to me, when it comes to long term hold, except for few of them, they are really not that something you will want to be putting all your mind into.

Unlike bitcoin, this is a market that has been in an uptrend right from the onset, and I want to believe this is one market I am so certain no matter how long you want to hold, you won't regret it. Not like I do not like the idea of altcoins, but at least, you can still be putting your funds in a market such as bitcoin and forgetting the rest.

[labake]

I don't think it's a good opinion to put all investment in just a single asset while there are so many out there which you can still believe in base on their used case and the likes. It's only a fool that would put all Eggs in a single basket while many baskets are available and empty. Just my opinion

[asayoyaasa]

Don't put your all funds to one coin, just split them. I suggest you to split to top 50 coin on CMC and use Money Management as well.
For example you have $1000, then you buy 10 coins like btc, eth, xrp, and etc with $100 each other, so you have many chance to get profit.

[sergej.dubynin]

It is completely safe, if you believe in the project, many are doing so, they invest in only one cryptocurrency and watch her. It is important that you invest the amount of money you can afford to lose.

[gerbas]

I can say that it is totally unsafe to put all our fortune in just one cryptocurreny, since there is no guaranty that the currency that we choose will keep on thriving and growing all the time.

[Matthewmorris4]

I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?

there are two things that are certain about that,
1. if the coin price falls, then you will lose a large amount
2. If the coin price rises, your profit will rise dramatically

the point is, saving assets in 1-3 coins has a very high risk. but it's better not to do it. if it is forced, the best thing is to invest in the amount of 100 - $ 250 in total. So if you have $100, put ~ $33 in each coin 

[Vaniaayu]

You have to research the development of coins first, because if you invest everything in one crypto currency, it will be very dangerous, you want to divide your investment into several currencies, so that your investment coins are not easily dumped by big investors

[chandrarahmadewa]

in my opinion, it depends on needs, buying coins and dividing it not in one coin to be seriously in cryptocurrency trading, you have to think about your portfolio from day one.

[maxamus]

in my opinion, it depends on needs, buying coins and dividing it not in one coin to be seriously in cryptocurrency trading, you have to think about your portfolio from day one.

No it is not safe to put and depend on one crypto currency because the market will not be stable all the time there will be Profit and loss in the market. So better invest in multiple coins and research the top 5 coins in the market and explore the recent status of these coins, analyse and invest in top coins.
AltCoins like ETH,NEO,Litecoin,Ripple are few trusted coins to invest in...

[Milka86]

Of course it is best to distribute your investments, and not to invest only in 1-2 coins. This way you will reduce your risk of losing profits when the coin falls. The main thing is that the projects in which you invest you considered very promising

[BogdanGFTP]

The all sciences about trading saying that it is a wrong way. To put everything in one unstable asset is the same as to play in casino - you could win but there is a much bigger possibility that you will lose a major amount of your initial balance.

[Rinaldo1971]

I don't generally invest in one or two cryptocurrency. I scatter my investments in many coins. I do this to avoid risk in events of failures.

[Saunder2018]

Unless you are totally sure in a cryptocurrency it is adviced not to invest in one or two coins. Cryptocurrency world is a vast and there are many promising, intriguing and innovative coins, altcoins, ICOs out there that can be explored.

[Dennie741]

I think there are some fascinating altcoins in the market which are very convenient to diversify your investment. Then there are these cool bounty hunts too. Putting all eggs in the same basket is kind of gamble.

[Jeremie502]

Putting everything in one coin is a bit risky. The market is very volatile and no one knows what will happen next. It'll be a smart move if you invest in some other coins also that are doing good in the market.