Investing in multiple altcoins

[Bitcoin Smith]

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

there are lots of coins available for investors to choose what is useful for the future so it will always his mind set to invest on different investment if you want to invest in multiple currencies then it is a very good thought process of his future

[Ditlycel]

In such a market, it is necessary to invest in Bitcoin and a couple of promising alts, preferably those in the top of the market, for example ETH or BNB

Clearly now these 2 coins are not suitable to invest in them as they are now in a bearish trend and it is unknown to where we will fall in them, it is better to keep the money only in bitcoin or Fiat and while watching what will happen to bitcoin.

[tunapa]

Do you want to invest and come back some years later to check or you want to keep a tab on them all ? All these coins won’t be easy to keep tab on and not all will give you a good return as expected ! For proper monitoring , I would say you should reduce the list to 5 and share among them !

[Juniness]

For long-term investments are ideal bnb is a great coin whose development is constantly going , even if we compare this coin with Ethereum is now clearly visible more potential in bnb , as the ieo are very much encouraged to keep the token

[19Nov16]

In such a market, it is necessary to invest in Bitcoin and a couple of promising alts, preferably those in the top of the market, for example ETH or BNB

I agree that bitcoin deserves to be the first choice, of course dividing assets into lots of coins is better and safer so that the top 10 in coinmarketcap is also worth making an investment.

[PLATO]

Honestly, My Advice for you is not to invest in any rather than Trading with them.
The only way to ones I can invest on are BTC and ETH. Most Especially BTC.
And I've said earlier. You can trade with any coin that pair with btc or eth. Read the chart to know how the coin price move within a specific period with btc pair or eth pair. And start trading to earn profits.

I tend to only invest in safe coins and ETH, BTC are always two very good choices if you choose to invest in the long term. Maybe the profit is not much but I can still feel safe investing in crypto. In fact, many altcoins can gain double profits in just one day but the risk is huge and our psychology is not always stable so choosing safe is a safe solution for all.

[Polar91]

I've done investing into several altcoins hoping to gain profit in the long run but I was wrong. I ended up losing until I cut it to prevent further loss. It's not recommended to invest your money into something that you can't manage just like what I do. It's better to focus only to 2-3 altcoins at the same time so you can watch them very well. Cryptocurrency market is much volatile unlike any other market; thus you shouldn't take things so easy but rather take it seriously.

[Hamzaal24]

I suggest you to invest in Ethereum, Binance Coin and litecoin, If you want to diversify your investment. Visit trusted site and check the market trends. Analysis dump and bumps then invest in any other coins.

[desticy]

There is no point in over-diversifying your portfolio. Take a look at the market, all altcoins are in collusion with each other and act accordingly. I would invest in Bitcoin first of all, then in Ethereum, as well as in the BNB, and in one not from the list of the top 100, for example, Selee. Such a portfolio fully covers almost all probable outcomes in the market.

[genset88]

It can be said that Altcoin is obsolete when BTC seems to have acquired the market.  That was demonstrated when the storm yesterday when BTC plummeted more than $ 2k caused the altcoin to drop with worse.  That's why BTC has always been the first coin I invested in my portfolio.

[42K]

There's no harm in investing in multiple alternative coins. You just need to be careful and more informed about the kind of coin you want to invest so you don't invest in shit coins.  Also, you need to take extra caution about your wallet key and password by not sharing it with others.

[TriplexXx]

Well, I suggest you slit your altcoin budget in two ways and buy Binance coin and Litecoin. Both altcoins are legitimate coins and are also among the 10 coins on the coinmarketcap - Once you buy these coins HODL them and wait for another market bull run they would easily multiply in value 3 times over.

[hashman]

Diversity is good for risk management. By the way in todays condition it is very important which coin you invested in. Most of the shitcoin are doing all time lows everyday. For the name of diversity if you put your money on shitcoins, they can go all zero.
Today, diversity is good for Top Ranked Coins. They can stay as strong as they can against sudden price changes at BTC.
My preferred coins for diversity are; BNB, ETH, LTC

[Samboo]

It will be always a good idea to diversify your investment into various coins so as to gain more profits and cut losses. The altcoins you have mentioned are good investment. Some of them are very much good investment while others are average. I want to add some other coins like Bittorrent, Beam, Huobi token. You can diversify your investment into these coins.

[stephanirain]

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

The good side of this strategy is that you have multiple chances since you have multiple coins that can produce profit. The down side is that when you invest more in the alt that will not grow so high or when you invest too little in the one that will peak. But there is no absolute way to see which of them will peak among alts. Multiple investments works best when you have a large capital to start with but can also be difficult to manage so expect that you will some minor setbacks before you got the gist of it. Good luck OP.

[Retainly_Collie]

I suggest you to invest in Ethereum, Binance Coin and litecoin, If you want to diversify your investment. Visit trusted site and check the market trends. Analysis dump and bumps then invest in any other coins.

These are the best altcoins in this market. It is safe to invest in them but you will not have too much profit when the market goes up

[karanggatak]

its up to you want to invest in many coin or just some though one coin. if it me, i will invest in one coin that have good future or high probability to gain massive profit.
before start investing your fund, you must know about them. knowledge and experience is the best basic. and when you want to invest, never let the investation control you. you must control them to make profit

[Rampagoe004]

It all depends on each of our minds because investing in altcoin is a lot of choices, but if I prefer to invest altcoin that already has potential like etherium and there are others who have the potential to go up in the future, so we must be able to make decisions mature so as not to be disappointed later when the cryptocurrency world is already in a place that is already promising.

[btcmegastar]

It will be always a good idea to diversify your investment into various coins so as to gain more profits and cut losses. The altcoins you have mentioned are good investment. Some of them are very much good investment while others are average. I want to add some other coins like Bittorrent, Beam, Huobi token. You can diversify your investment into these coins.

I have a lot of BTT in my portfolio, but every day I look at the price of this coin and continue to get upset. I bought BTT for 16 sat and now this project is getting worse and worse and it is not developing

Great, don't worry the complete market will stabilize when the market starts recovering. So BTT is completely in a downtrend if it is possible for you, better buy them in order to average your previous purchase and it will help you to make a profit when the prices start recovering.

[Marble777]

I don't think that's a bad idea, if you invest your money in various altcoins. it's just that you need to reconsider that altcoin has now lost its value. but if you want to invest in altcoin, I suggest you put money into some of the top altcoins on the market.