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Author Topic: How safe is it to put everything in one cryptocurrency?  (Read 3528 times)
judyrob
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November 18, 2018, 07:55:45 AM
 #321

distribute the coins to the many that exist. It is a way of enlarging the chances to get lucky and also how to safely avoid losses from the collapse in the market price. While having only one crypto course is very quiet and feels long in accepting the results and it is not advisable for crypto in investments.
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zemper
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November 18, 2018, 08:59:44 AM
 #322

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?

As for me, the correct tactic is the distribution of money by several coins. If you invest money in one coin, perhaps its price may fall and is long below. And you have to either invest more money or wait until the price returns.

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November 18, 2018, 09:07:20 AM
 #323

You should never invest everything in one sector, because it is very important to diversify your funds! But right now it is a perfect moment to start investing in crypto currencies because we are now at the deepest level of 2018.
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November 18, 2018, 06:26:20 PM
 #324

I think living in a house of straw is much safer than investing everything in one coin . It sounds crazy to begin with .
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November 18, 2018, 06:33:09 PM
 #325

I'm sorry to say that it's a bad idea. Sometimes investment decision goes horribly wrong after all those hard work and research. Luck is a great factor here. So, I think You will think twice about your decision.
CryptoBull31
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November 18, 2018, 07:11:38 PM
 #326

Putting everything in Bitcoin is MUCH safer than putting some of it in altcoins. You can make money with altcoin trading but none of them comes nowhere near the store of value aspect of bitcoin. When it comes to long term investment bitcoin is the safest crypto option by a long stretch. Of course one cryptocurrency doesn't mean one wallet, you should it spread in many wallets (only open source wallets of course like Armory, Electrum, HODLER or running your own node with Bitcoin Qt), securing backups and so on.
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November 18, 2018, 10:11:29 PM
 #327

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 is better to distribute your investments in at least 5 projects. If several of them bring you losses, then the profit from the remaining projects will be able to cover them.
By investing your money in 1 or 2 projects you are very much at risk. You can lose everything, well, or very, very much to earn. What to do is up to you.

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November 19, 2018, 01:51:51 PM
 #328

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, I see no wrong investing in one kind of coin but personally, I prefer holding multiple kind of coin since it would be easy to do since there is a multiwallet available. This would mean that you can have multiple kind of coin in the safest and simplest way. Don't just peak a multi wallet, I'll recommend you to try Hodler wallet which is the onlt open source multiasset wallet available. Most wallet could not be trusted since most are closed source and does not provide private key.
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November 19, 2018, 01:53:54 PM
 #329

In my opinion, it’s safest to keep all your money in different coins, so it can be safer!
Jadesola
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November 19, 2018, 02:00:11 PM
 #330

It is very dangerous to invest everything you have in just one coin considering the level of uncertainty we have in the crypto market now where so manipulation is going on.I will advice that you should spread it over some coin that have got prospect, and if anything should go wrong with any if the coin,then you can use other to minimize your loss and maximize your profit.
cryptolord2077
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November 19, 2018, 02:13:49 PM
 #331

Putting all your savings into the crypto market is already a very risky investment, if you want to put everything in one coin and take all the risks, then I will call you crazy.
At least diversify your portfolio in order to be able to reduce the potential risks of loss. Better not to invest at all now.

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November 19, 2018, 02:14:27 PM
 #332

It will definitely not be profitable, because now the market is in a fall stage, so I think that everything that you invest from those tokens that you sell for a penny will buy the same penny and in general it will not make any difference only you centralize your dep.
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November 19, 2018, 02:19:32 PM
 #333

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?

Actually, it's very risky and not recommended, even if you are holding a strong coin, each coin has it's own bull and bear trend, you could lose everything if you just hang on to one coin, spread your portfolio and track each and every one of those coin.

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Caesar-Giulius
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November 19, 2018, 02:25:03 PM
 #334

IMO, putting all your capital in one coin is a risky move. Whereas, spitting your capital in a few coins will help to diversify the risks. If one of the projects does not make it, you still have other projects to fall onto.

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ak49er
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November 19, 2018, 02:45:02 PM
 #335

I think that you need to keep at least 5 swift coins, I personally hold 15-20, but this is very much, since it is very difficult to follow all of them, the most optimal number is 8-9 coins

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November 19, 2018, 02:55:34 PM
 #336

It depends on where you will distribute it. If its a top 10-20 coins, I don't see any problems with that. However, if its a newly established coin or low ranking coin, I think it will be best to reconsider your decision on where you will allocate your asset. If you were a trader, it is highly recommended to hodl multiple coins especially if you have a big capital. For those who were just starting to trade with small capital, you can have a coin or to as long as you will hodl it for a long time.

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Cianix
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November 19, 2018, 02:56:21 PM
 #337

well, I think you know that you can not keep all your money in one coin, you need to distribute them so that there is not too much chance to lose all the money in one coin

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November 19, 2018, 02:59:02 PM
 #338

well, I think you know that you can not keep all your money in one coin, you need to distribute them so that there is not too much chance to lose all the money in one coin
yes of course, investing or saving our money in one asset or wallet is very stupid. we can save with many variants. many assets that we can have, and we can benefit from them all.

spike420211
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November 19, 2018, 03:04:12 PM
 #339

It is absolutely not safe if you consider your investment as an investment.
If you just want to keep your funds in cryptocurrency, then this is quite a normal decision, albeit a risky one. The safety of these funds will depend only on you. Also, the price of your initial investment may fall due to a downturn in the market. Be careful.
anshkumandhan
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November 19, 2018, 03:55:42 PM
 #340

For me, I do not think that all money should be invested in only one coin. Because we all know that the market situation is not good in today's time, and it is not stable. But it's depends on your choice of where you want to invest but to keep yourself safe you should research with great intensity.
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