Investing in multiple altcoins

[guydin]

As I understand (you invested 3000 Canadian dollars in Bitcoin), 500 CAD is not too much for you. Therefore, you can really start with such a portfolio. If some altcoins do not work, then, you have many chances to get profit from investments into other tokens. With this choice, you will not lose. However, I would recommend you to pay more attention to Ethereum and Binance Coin.

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[kevincandra]

it's a decent amount but it's not ideal to invest in lots of coins because when we invest with small capital then no matter how good the coins we choose the results will be small so it will be better for you to focus on you at 1 or at most 2 coins only and I highly recommend bitcoin as your choice but if you want to find coins that are still not listed on the market then orioinX can be the best alternative

[rdewilde]

The problem is not to own a large portfolio but to own one which will be worth it. Also am not a fan of holding multiple altcoins as I might lose track of them owing to swap and like of it. In my own opinion I think it's worthwhile if you bring it down to maybe 5 altcoins of which I suggest ETH, EOS, BNB, Litecoin and XLM. Since you already have BTC I think these will make a good portfolio as they are backed by a strong team.

[dzhan]

Investing in multiple altcoins is a good decision, because you are so increasing the potential of your earning and minimizing the risks. In my opinion, Ethereum and Binance token are actually the most promising altcoins and I expect their prices to rise highly soon.

[Pet240]

You cannot own every coins. So what you high do from your list of god coin, is to perhaps buy about 3 to 5 of them. This is mainly for you to be able to manage then effectively well. However, if you feel you can handle them all, you should go ahead.

[msg768]

Diversifying is not just buying random assets. It's about buying assets that are not correlated. In other words, if one crashes, the others will most likely not crash or even go up. You need to do actual study and figure this out for yourself.

[cliber]

Ok guys so I have 500 CAD left to invest in altcoins, I decided to invest 3000 CAD in bitcoin and leave it like that. So for that 500 CAD (377 USD), please tell me if this makes sense. (I want to own a broad portfolio of multiple coins that have good odds for the future). All amounts are in USD for a total of $370. I'm open to suggestions.

50    Ethereum
50   Ripple
50   Binance Coin
30   Litecoin
20   Enjin
10   Iota
30   Cardano
20   Stellar Lumens
10   VeChain Thor
10   Pundi X
10   Basic Attention Token
10   Ontology
10   Zilliqua
30   Monero
?   Eos
10   Tron
?   Zcash
10   Icon
?   Chainlink
any other ?
10   Dash

Binance Coin, Ethereum, Litecoin, Ripple. That's what I think is good for you to continue investing after deciding to buy Bitcoin. EOS and Cardano are good too.

[pieppiep]

Is good to invest in many alts but must be good ones which will be a great opportunity for future reference, that is why is good to hold some portion of your capital in alts and the other in btc so you can have a fall back on for any opportunity to rebuy at very low price and at se time holding for any immediate pump .

Maybe he can use 50% for btc, and the rest of 50% will be in an altcoin. I think that will be enough for him to make a profit from bitcoin first and then from altcoin. But if he wants to buy altcoin, make sure he knows which coins that can be potential in the future and don't use all money to buy in one altcoin only because that will be too risky to him. Besides that, with diversifying into many altcoins, that will help him to make a profit too besides of bitcoin.

Just choose with the top 50-100 coins list to choose the right coins so then he can start to analyze each coin to find the coins.

Well, diversifying investment is a very good thing when it helps us increase the chances of winning, reduce risks and improve trading skills, however, one suggestion is that everyone should set things up in an area we can control, that means we can manage, stop loss and solve situations in time when the accident occurs. So much diversity will confuse us when surprises come, let's find a suitable altcoin number for us, do not be greedy and take advantage of the value of bitcoin in the market to make a profit, don't put too much capital there, switch to usdt is a good choice when the price has been pumped up

The only thing he should consider is how to choose the right coins because that will be an important part of making the profit. Diversifying is very good, but he needs to have a potential coins list that can work for him and don't use too many coins for the investment because that will time to analyze one by one. Having up to 5-10 coins will be better than to have more than 20 coins at the same time, and he will not feel not confuse to manage the coins.

By choosing the right coins, he will have a chance to make a lot of money from the profit, but I suggest he not to be greedy of taking the profit. As long as he can manage his emotion when the price start increase, he will be able to sell any coin at the right time.

[xabre]

If you have much money never invest all in one altcoin kind, invest your money each one all of altcoin, it way how to get profit with low risk when some altcoin down.

[freedomgo]

for me you can also choose some good altcoins that also have benefits every day and also good for you to survive in the long run, I suggest you can hold, ethereum, litecoin, xrp, neo, eos, and binance

Those are coins that are top in the line, they are popular and they have a lot of supporters so these are an ideal coins for long term hold.

Well, all these coins are part of my portfolio, actually my long term portfolio because I believe when I bought these coins, they were undervalued and even until now. When I hold for long term, I always aim for a big return for that, maybe some would say it's not practical or realistic but small investors aim high as that's the only way we can be satisfied with our income here.

[nutriagrigia]

Ethereum and ripple, I think, can be limited to these two altcoins. Everything else has a dubious future. Another top 10 but what below I would not even consider.

you have the most dangerous strategy. Ethereum now has very big problems with scalability, and ripple is generally a centralized asset that no one uses. leaving your money in these two coins is very dangerous

[Vishnu.Reang]

You have listed more than two dozen different tokens/coins and I don't think that it will be wise to split your small investment on so many different assets. My advice would be to concentrate on just 2-3 good altcoins. If you go for 3, then purchase two established coins (such as ETH/LTC) and reserve the remaining slot for a relatively newer coin (such as Basic Attention Token).

[Nasonn]

Diversification is good in portfolio management but making a portfolio so large isn't good because investment funds will be spread across multiple tokens thereby making it thin for each so will profit be as well due to small capital per token.

[ishirut009]

focus on alts that got real use cases like eth and vechain. They are the leading token on their own class.There's lots of research to do in able to determine which are the best of the best when it comes to alts but it is really based on your risk benefits.

[wxxyrqa]

I think that today the choice among altcoins is not very large to make promising investments.  First of all, you need to carefully analyze the schedule of rise and fall in prices to be sure of the reality of a promising future.

[MMA Rats]

If you have much money never invest all in one altcoin kind, invest your money each one all of altcoin, it way how to get profit with low risk when some altcoin down.

And it is better to invest in safer and more popular projects, and it is better to choose 2-5 coins for investment

[Black bro]

I suggest if you want to invest in promising altcoin you should first see altcoin which is always being sought after by investors, for me ethereum, eos and xrp are altcoins that have potential for the future, but all the choices are in their own hands and focus on 2.3 altcoin only

[Rinso]

that is too much option mate, it will easy to choose if you make it more simple option like 3-5. in my opinion i think BNB, cardano, and tron is good thing. they alway try to make their project grow up and make people want to buy their coins.

[xiboothrezi]

You already have a good list of potential altcoins. To have a good portfolio, you must be able to determine the right time to enter the market, it requires technical and fundamental analysis and qualified experience. Proper timing when buying, selling, or holding is the key. This is indeed complex and mentally necessary. But the current market is less profitable in my opinion, quite risky, wait for the market to return to energy.

[Layers318]

There are plenty altcoins on the market yet not all are worth investing in at a particular point in time. It is a good thing to diversify ones portfolio yet the investor must observe the market critically and analyse it well to know which altcoins are capable of rising within the set time frame suitable for the investor.