How safe is it to put everything in one cryptocurrency?

[Musia]

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 seems to me that the more in your cryptocurrency portfolio of different good coins, the better. I wouldn't stop at just two, I'd take at least 10 different coins.

[Waradlain]

If you put all your savings in bitcoin it is ok,also I consider investing in Etherium is a safe deal  

Nothing is safe in cryptoworld as you can see even so-called stablecoins show drop for different reasons.

If we decide to invest all money in one coin, then we have a 100% confidence in its growth or some lind of inside info. Otherwise I (or any other reasonable person) don't advise doing so.

[pinoyrichkids]

Never a good idea for an individual to put everything into one basket in cryptocurrency; as this can be devastating and detrimental. Safest way which is ethical in cryptocurrency is diversification of portfolio than operating on a single portfolio.

I agree, putting an egg in one basket can be more risky at this time, regardless of what investment you are taking into it, the best thing to do is to scatter the investments into different coins, which is can be less risky, in the sense that a big loss can be prevented. A golden rule of some successful businessmen is that, never trust to only one business, diversify the business.

[cryptolord2077]

It is absolutely unsafe. It's all exactly what to put putting all the eggs in one basket. You violate the main rule of the investor, the rule of diversification. Always divide your portfolio into small parts, it will reduce your risks and help keep your sanity.

[Nitori_m]

It only save for panic attacks. I will advice you invest in and outside of cryptocurrencies.

[billy.ryoko]

For my opinion, I would like to invest many altcoins prefer to one cryptocurrency only, the main reason is the crypto market is volatility and hard to predict, you will be trapped when the market is fallen, so I never like to invest one altcoins only.

[Mary89]

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?

In your investment portfolio should be a few coins, the best thing if it is bitcoin, Ethereum and a few top coins at your disposal. In one cryptocurrency do not store their investments, it is very dangerous.

[Orenonex]

As for me, this isn't a good idea. In my opinion, and I think many who agree with me, it's better to diversify their investments to the maximum.

[Bitcoincole]

I think that depends on your guts and how confident you are in the coin you are investing with because it is quite risky.Should I be in your shoe I won't be doing such thing for money concerns is really a critical issue that needs to be decided very well to avoid loss.

[gambit1]

A year and a half ago, my friends and I created investment portfolios of many coins. During this time, much has changed. Something sold, something lies in a deep drawdown. I began to notice how friends pour everything into one or a maximum of two tokens, sit in the chats of these tokens and how sectarians believe in the future of this token. If I compare the strategy of a long hold of multiple tokens or only one, I choose the first option. But as before, I adhere to the rules of storing 50% in bitcoin and 25% in Ethereum. Everything else is altcoins. Let's look at how much from the highest point of trading our altcoins have sagged and how much bitcoin has fallen during this time.

[Ferris419]

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?

No risk no gain. I hope one line is best answer for you. No one in the world Without risk. If you afraid to take risk then you should avoid that. But you can try to safe yourself. Safe investing is top 10 coin of market. Like BTC, ETH, XRP, EOS like this.

[BobBct]

It is not recommended, because i think putting all of you're fiat will result on a 50/50 chance of loosing all of you're money or gaining money. so be careful when you think of doing that.

[universal3ee]

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?

This will depends on what your strategy on your crypto portfolio. Investing in 1 or 2 coins can maximize your earnings but at the same time you are taking a higher risk also whereas if you are splitting your portfolio into many different coins you are exposed to less risk but also less returns. So this will depends on how much risk you are comfortable to take.   

[transformt]

I don’t need everything, but it seems to me that in some promising coins it’s better to share your money for diversification

[o.ogurlu]

I don't think it's a safe way to put all our money in cryptocurrency. In fact I am not just talk about the cryptocurreny, I would not deposit all my money into any area. That's why I started the crypto market with the amount I wouldn't worry about if I only lost it first. This amount has increased in time, but I still don't put all my money.

[dificanovi]

in my opinion it is better to invest in some crypto currencies that have prices that are often stable or often rise. My goal is to invest in some crypto currencies because if there is a price decrease in one of the crypto currencies that we invest, then in the other crypto currencies there is no price decline or the other crypto currencies experience price increases, so we will not suffered a huge loss if we invest in several crypto currencies.

[hashpuppy]

Of course put all eggs in one basket is really risky. But no one can say for sure. I think it's depended on your luck. If you choose a right coin to invest, you will have a biggest profit. But if you choose a wrong coin, you can loose all your money.

[ice098]

Of course put all eggs in one basket is really risky. But no one can say for sure. I think it's depended on your luck. If you choose a right coin to invest, you will have a biggest profit. But if you choose a wrong coin, you can loose all your money.

Its really risky to put all your money in one crypto, ots better if you devide you money, so that you have still money if there something not good happen to your money in your investment. Also the higher the amount of money you put the higher risk you may take, so I suggest to be more careful of choosing a crypto especially nowadays that there'sa lot crypto to choose.

[D3F4L7 RAT]

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?

Investing everything onto only a single cryptocurrency is very risky, even if you would invest it only in Bitcoin alone. Better invest on many cryptos you trust hence you could hold it and manage its trade better and gain profit bigger, as the trust is the key to lessen doubtfulness and fear.

[Predator25]

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?

How safe? Safety is not actually given in here since it is online or digital but you should tkae risks youre the one responsible on studying what transaction you should do. Because sometimes scammers are really easy to identify. Just be active on what you are doing and youre in a right path when you feel and studied about particular token or transaction.