Investing in multiple altcoins

[Samboo]

Investing in multiple altcoins is a very good idea. Diversifying your investment will give you more chance to get more profits rather than pouring your investment into a single coin. In cryptocurrency, none can know which coins will skyrocket in price. That is why you need to diversify your investment into multiple coins. BNB, ETH, Huobi coin, gram are good investment altcoins.

[Sithara007]

Investing in USDT or in any stable coin is not really an investment unless the currency of your country is going trough severe inflation and you need to somehow protect your money.

But in every single other case it is better to not invest in stable coins, besides there are many that recommend to invest in altcoins but I do not see what you can gain from it when investors have been so focused in bitcoin and it does not seem to be any interest for any other coin.

I don't understand the point in investing in USDT. It is just a digital version of fiat, and it was created just to overcome the ban on fiat in certain jurisdictions. There is no logic in holding on to USDT, as it is prone to inflation, and on top of that there is a certain risk associated with that token (as we have seen recently from their issues with the Attorney General's office of New York.

If I want to hold US Dollar, then I would go for either banknotes or bank deposits. I would never store USD in the from of Tether. Because although they claim to have 100% backup for USDT, there is always a chance of the funds getting seized or stolen. Why trust third parties to store your wealth? It goes against the principle of cryptocurrency as defined by Satoshi.

[Bezobraznike]

Investing in multiple altcoins is a very good idea. Diversifying your investment will give you more chance to get more profits rather than pouring your investment into a single coin. In cryptocurrency, none can know which coins will skyrocket in price. That is why you need to diversify your investment into multiple coins. BNB, ETH, Huobi coin, gram are good investment altcoins.

 

   It`s freedom, when each of us can decide where to invest and how much to invest freely! My choice is to invest in multiple
alt-coins, cause I want to, and cause I like many of them.
   Your lists and suggestions are good, many of these coins I own, at least some little amount. I would like to have more of them
and I plan to add more alt-coins to my portfolio. It`s a freedom of choice!
   I hope we will be the lucky ones one day!

[ned.ryerson]

Personally, I believe that investing in cryptocurrency is a very profitable investment. So you can safely invest any amount. Of all the listed altcoins, I would choose Ethereum or Litecoin. But my opinion is the most promising coins at the moment. Which in the future will be able to bring good profit.

do you really invest in only two coins? I understand that if our market had existed for 70 years - then you could buy such coins and make 1-2 percent a week, but now there are a huge number of very cool projects

[Xxmodded]

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

I will invest only with ethereum, ripple and stellar lumen or XLM. Best method if using money for investing with multiple altcoin kinds, maybe when lost opportunity with get profit on XLM we have way and recovery to get profit with ethereum or ripple, or one of three altcoins have give chance to get profit, I have use this method with investing in multiple altcoin kinds more than two years.

[Blue_oxen]

Personally, I believe that investing in cryptocurrency is a very profitable investment. So you can safely invest any amount. Of all the listed altcoins, I would choose Ethereum or Litecoin. But my opinion is the most promising coins at the moment. Which in the future will be able to bring good profit.

No one can be sure of this when investing in altcoins because at the moment all coins in this market are at great risk and you will not be able to predict what will happen. The bear market will only cost you more money so for the time being, be more patient and wait for the other trend to appear. Maybe currently Ethereum and Litecoin are the preferred choices of many investors but no one can guarantee your profits in the near future.

[Beparanf]

Investing in multiple altcoins is a very good idea. Diversifying your investment will give you more chance to get more profits rather than pouring your investment into a single coin. In cryptocurrency, none can know which coins will skyrocket in price. That is why you need to diversify your investment into multiple coins. BNB, ETH, Huobi coin, gram are good investment altcoins.

Investing in multiple altcoins that are essentially active and developing is good. I prefer to invest more in alts that have continuous development like BNB, Link and those in top 20. But I also consider other alts but not in long term preferably for trading purposes only. As long as we're actively researching them it's all good invest in them.

[kaconk]

i saw your portfolio actually is good coin, but its too much. can you handle, monitoring and manage all your coin? its quite easy if you only pick 4 or 5 coin for your investment, with percentage 60% in bitcoin and the rest is for altcoin.

[CarnagexD]

i saw your portfolio actually is good coin, but its too much. can you handle, monitoring and manage all your coin? its quite easy if you only pick 4 or 5 coin for your investment, with percentage 60% in bitcoin and the rest is for altcoin.

Actually, it is totally hard to handle or manage multiple altcoin because you need to monitor all of them and it is not easy to do. In my portfolio I only have 4 altcoin which is bitcoin, ethereum, ripple and binance coin. And, most of my funds are in bitcoin and it is 50% of my portfolio. Maybe try to focus on the top rank cryptocurrencies because all of them might bring huge income once the bull run started.

[cvasy]

I personally advise you to invest in bitcoin and altcoin eth, because the two cryptocurencies are cryptocurencies that almost all altcoins relate (pair) to BTC and eth on various exchanges, so this is very beneficial for btc and eth holders, because the then second transaction volume The cryptocurrency will continue to increase, and this has the effect of increasing prices within a certain period,but more important, bitcoin and ethereum are the most liquid cryptocurrency compared to others, so that, you will not feel a very big loss if there is a price decline in the market.

[BartS]

Investing in USDT or in any stable coin is not really an investment unless the currency of your country is going trough severe inflation and you need to somehow protect your money.

But in every single other case it is better to not invest in stable coins, besides there are many that recommend to invest in altcoins but I do not see what you can gain from it when investors have been so focused in bitcoin and it does not seem to be any interest for any other coin.

I don't understand the point in investing in USDT. It is just a digital version of fiat, and it was created just to overcome the ban on fiat in certain jurisdictions. There is no logic in holding on to USDT, as it is prone to inflation, and on top of that there is a certain risk associated with that token (as we have seen recently from their issues with the Attorney General's office of New York.

If I want to hold US Dollar, then I would go for either banknotes or bank deposits. I would never store USD in the from of Tether. Because although they claim to have 100% backup for USDT, there is always a chance of the funds getting seized or stolen. Why trust third parties to store your wealth? It goes against the principle of cryptocurrency as defined by Satoshi.

As I said there are some reasons to do it but the circumstances are very specific, if the currency of your country is experimenting a huge level of inflation and you have no way to access a stable fiat then stable coins could help you with that.

Another reason could be if you have strong reasons to believe that the market is going to crash then it makes sense to get stable coins, now why not get fiat? Because as we know this market can crash incredibly quickly and by the time you get your fiat you could lose a great deal of your capital.

[princeyeboah]

It is good to invest in multiple altcoins because it helps reduce the risk of investing all funds in a single project which may finally end up unsuccessful. Hence, diversifying ones portfolio in crypto is a good strategy to adopt. I prefer coins like DIVI because of its masternode. Recently, the OMNI Analytics ranked it number 9 among the list of the top 10 masternodes in the crypto space.

[Shasha80]

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

~snip~

With a capital of 500 CAD (377 USD), this is a small capital category in my opinion so there is no need to invest in a lot of
coins. Later is difficulty to monitor and the resulting profit will be too small. Suggestions from me 300 CAD invested in
Bitcoin (BTC), then the remaining 200 CAD is invested in altcoin such as Ethreum (ETH), Binance Coin (BNB) and Litecoin (LTC).
For bitcoin investments long term, because bitcoin price movements are slower than altcoins. While for altcoins it can be long-term
or Short-term it depends market situation will be seen when we enter the market.

[jabatani]

Its always good to invest in multiple altcoins. This will avert the possible probabilities of loosing your funds. But while investing in multiple altcoins, be sure not to invest in shit coins. I will only advice you invest in handful of these alts.

[coin_1122]

It is always good to invest in multiple coins, especially when we are investing in altcoins because based on the activity those coin prices will increase and sometimes the market situation will also help us to protect our investment. It is always good to divert our money to different altcoins, will have fewer chances to lose our money.

[Pamadar]

It is good to invest in multiple altcoins because it helps reduce the risk of investing all funds in a single project which may finally end up unsuccessful. Hence, diversifying ones portfolio in crypto is a good strategy to adopt. I prefer coins like DIVI because of its masternode. Recently, the OMNI Analytics ranked it number 9 among the list of the top 10 masternodes in the crypto space.

the idea of having multiple alts is to divert your attentions, the market is volatile if you put everything in one basket and the project failed you
everything will go and disappear together with your investment. With multiple coins, you are entitle to forget loses from one of your basket and try
to recover it from the other one, once the market make a full blast and lift everything you surely have a very nice accomplishments.

Keep doing your DYOR and you'll be able to pick the perfect portfolio that you wish, don't forget to bag 50% of your assets with BTC though.

[rmhuntley]

It's good if you invest some altcoins, But my suggestion focuses only on some of the altcoins that have a good potential fore Such as ETH, XRP, XLM, BNB, LTC and Cardano. And don't forget to check out Top 10 altcoins in Coinmarketcap

[BRODIN]

investing with various altcoins is a good strategy to get double profits but with the top coins in the market. and it's important not to forget to put your money in bitcoin. besides that maybe a little extra like EOS & TRON. Many companies are just starting to develop projects through the EOS & TRON platform, this is good for long-term investment.

[Google+]

If you use a method like this I think you can get a lot of profit when the price rises to become expensive, but you should know that from your altcoin list this much will put you at very high risk because altcoin can collapse without you knowing and no one can provide a guarantee against altcoin, I think the potential of your list is: Ethereum, Ripple, Binance Coin, Stellar Lumens and Litecoin.

[Dungmmo]

In my opinion, the biggest potential altcoin is Ethereum, followed by binance. I think you should narrow your investment range from 2 to 3 coins to avoid having your investment be too small. This is what I was able to export with your list.