How safe is it to put everything in one cryptocurrency?

[magnat7691]

Putting all the money in one basket is not logical, you need to diversify your portfolio in order not to be left out.

[dutechman]

It is irrational for an investor to put everything in one cryptocurrency. By sharing the investment among more than one cryptocurrencies could probably cushion the effect if there is a loss from one. It is very risky to invest in only one, the probability is 0.5, it could be gain or loss. To be on a safer side, it should be more than one.

[HichemFetoui]

this is a very old advice don't put all of your egg in the same basket unless you can easily accept the loss of everything personally I hold between 3 to 5 project for the long-term

[cryptolidus]

If we are in a bearish market it is safe to have your funds in BTC as it is the most dominant and trusted coin during tough market
conditions. If we are in a rising market you can spread your coins in different but potential  ones in order to gain higher profit.

[jpnl0002]

I would love to wish you well but that will be that will be the worse wish anyone not even my enemy,that is the most terrible idea i have ever heard,finally it spread it into different cryptocurrencies and watch it and make your benefits

[dumplingsandsushi]

99% of the time, I would say no.
I'm not saying 100% because there are always exceptions to things.

since investment isn't so cut and dry, it takes a diverse range of assets (all rising and falling in value) to come ahead in the long term.
The same goes for crypto, especially since the market is so volatile.
There are many who dream of making one big trade and being able to retire, this just does not reflect reality.

I suppose though, that if you would choose just one to invest in, it would actually be good ol' plain BTC.
the reason is simple, it is the only coin that you can readily liquidate (meaning sell it for cash).
In fact, when you think about it, isn't the whole goal just to get more btc?
Until another coin is just as easily liquidible (eth is getting there) there isn't any other option.

[Treasurer]

99% of the time, I would say no.
I'm not saying 100% because there are always exceptions to things.

since investment isn't so cut and dry, it takes a diverse range of assets (all rising and falling in value) to come ahead in the long term.
The same goes for crypto, especially since the market is so volatile.
There are many who dream of making one big trade and being able to retire, this just does not reflect reality.

I suppose though, that if you would choose just one to invest in, it would actually be good ol' plain BTC.
the reason is simple, it is the only coin that you can readily liquidate (meaning sell it for cash).
In fact, when you think about it, isn't the whole goal just to get more btc?
Until another coin is just as easily liquidible (eth is getting there) there isn't any other option.

I also hold a few coins, but everything is near the BTC to quickly exchange and liquidate. Cryptocurrency isn't only very volatile, it can be easily stolen by fraudsters. Therefore, I can't risk it to put all the money in one basket.

[VanityWallets2015]

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?

I think it’s never worth to keep your everything into one crypto currency as we all should know that these crypto currencies are still decentralised one and thus there is no proper authentic regulating body over these crypto currencies so you are the biggest foolish if you are relying 💯 on these crypto currencies as governments can illegalise them anytime so it is never be so wise to invest your everything into one crypto currency if you want to invest then wait for to get centralised all over the world.

[rickn]

An old saying goes: never lay your eggs in one basket. Therefore, the best strategy is the diversification of investments. Of course you can and should keep more money in those cryptos that you trust, but investing in a single crypto is very risky, just like investing in the crypto market and in no other market.

[ecnalubma]

That’s right it’s never safe to go all in on one coin it’s better to diversify portfolio. But it’s youre choice as long as you know what you are doing but always think how big the risk is. Dividing investment is always the best choice because the risk will be minimize.

[passwordnow]

Yes it is safe to put your money with 1-2 cryptocurrency.

This is even profitable if those coins are bitcoin, Ethereum or any coin that's on the top. I'll choose to have a little holding with these coins than to diversify it with useless coins.

[Kingairdrop]

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?

It actually depends on what you meant by putting all your money, do you mean your life savings? Or just putting a certain amount of your lifes savings to one or two cryptocurrencies? If its the latter then there is nothing wrong all you need to do is to research very extensively on the said coin before investing. But as for me i am a man of diverse portfolio so i believe in investing on multiple coins than putting all my eggs in one basket or two.

[drmasa]

Its safe to put everything on bitcoin or ethereum, but that's not the point. Im not saying you should go FOMO but that way you will really miss many good investment opportunities. I wouldnt like to shill, but definitely would diversify in Iota, xrp, xrm, zec, eos, 0x, Pundix not to be safe, more to not miss opportunity.

[Invigorated]

This is one of the worst mistakes anyone can make. It is certainly not advisable to lump all your holdings into one crypto asset. Just like with every investment in life, no sensible investor will want his/her funds tied down when they can easily use the same funds for other businesses. As a trader, it is advisable to diversify your portfolio with the intentions of cashing in should any of your investments yield reasonable amount.

[sammyp]

I strongly believe in diversification so I would diversify my investments. Profits may be very small but it is mostly better than depending on one or two coins/tokens. Diversifying one’s investments reduces the risk.

[K.Willis]

it may be possible if, for a short time, but it is better to buy a few coins if you want to hold for a long time.

[basyang]

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?

Well, for me I think do not put all of your investment in one, you need to divide it so that if one investment did not succed at least you have another to continue earning and you can not be broke. Most people think that if you invest all of your money it will immediately pay you back but its not still there has a risk so you better think some strategy to do it.

[moneyvolutions.com]

in my opinion do not put all existing funds into one cryptocurrency because is very risky so just try to divide it into several altcoin to reduce the risk, but if you are sure 100% that altcoin is the best I think it doesn't hurt to play all in even though high risk but you will get a big profit, so the decision is in your hands

[Naughty Princess]

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?

Well, for me I think do not put all of your investment in one, you need to divide it so that if one investment did not succed at least you have another to continue earning and you can not be broke. Most people think that if you invest all of your money it will immediately pay you back but its not still there has a risk so you better think some strategy to do it.

Diversifying investment is most advisable for more chances of gaining than losing but you have to make sure that you choose the potential coin on the market which is good on trading or even long term holding, that will reduce the risk. Putting in one coin takes high risk, dont do that because the more you want immediate profit sometimes fail and make you lose more.

[Starfranko]

My personal strategy is not yo out my eggs in one baskets. I would rather spread my investment knowing that there is no certainty as to which will fo fantastic and which would fail.