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superving
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January 06, 2020, 11:51:59 PM |
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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
3 to 4 altcoins is enough if you want bigger profit. The fisrt 3 is good , if i were you i will put my money to the first 3 coins if i want to get better rewards when altseason starts. Think about it. |
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Kersh768
Sr. Member
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Activity: 658
Merit: 256
Freshdice.com
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January 07, 2020, 03:27:47 PM |
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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
Well, the distribution of your budget into the variety of Altcoins you have listed will be up into you because it seems that you have done your part on researching what are the potential Altcoins that are worth investing so you have already made primarily comparisons between those Altcoins depending on their capacity and capability to increase or those which have a great future making you decide that partial distribution of your budget stated into your list. Well, if I will be on your case, I will be okay with that partial distribution since it was on investment, just wait up for what will be the result for that line up you have set up and just try another thing once the result of your investment is out giving you profit to primarily have budget to fund those with question mark which seems you find difficulty to decide. Whatever your decision is, it is still up into you because the Altcoins you have chosen are great and do really have potential. |
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Vishnu.Reang
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January 07, 2020, 03:39:51 PM |
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You should not invest in many different types, but should only invest in a few good top altcoins like
Ethereum, Ripple, Binance Coin,Litecoin. Here you will be safer and more stable
One of the biggest issues remain storage. While dealing with multiple altcoins, how to store all these coins can become a big headache. There are multi-coin wallets available, however my experience with them was not very pleasant. Another option is to store these coins in exchange wallets, which once again is not a safe option. If the exchange closes down, then you will lose all these coins. |
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crisanto01
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January 07, 2020, 04:01:06 PM |
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You should not invest in many different types, but should only invest in a few good top altcoins like
Ethereum, Ripple, Binance Coin,Litecoin. Here you will be safer and more stable
One of the biggest issues remain storage. While dealing with multiple altcoins, how to store all these coins can become a big headache. There are multi-coin wallets available, however my experience with them was not very pleasant. Another option is to store these coins in exchange wallets, which once again is not a safe option. If the exchange closes down, then you will lose all these coins. It's not really advisable to store a lot of coins especially if you are not full time in crypto as it will consume most of your time if you will check their price, their development, when is the best time to sell from time to time, so I think that it is not really a good idea at all especially that there were a lot of altcoins that are not worth it to hold for long term. |
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Blackdeath
Sr. Member
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Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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January 07, 2020, 04:01:47 PM |
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You should not invest in many different types, but should only invest in a few good top altcoins like
Ethereum, Ripple, Binance Coin,Litecoin. Here you will be safer and more stable
One of the biggest issues remain storage. While dealing with multiple altcoins, how to store all these coins can become a big headache. There are multi-coin wallets available, however my experience with them was not very pleasant. Another option is to store these coins in exchange wallets, which once again is not a safe option. If the exchange closes down, then you will lose all these coins. Investing in a multiple altcoins will really give you a headache, especially if the altcoin that you have invested don't have any gold value, that is why if you are interested to invest in mupltiple altcojns you should only consider to buy top altcoins in the market like ETH, BNB, XRP, LTC and so on. |
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Wipeout2097
Sr. Member
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Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
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January 07, 2020, 04:54:50 PM |
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Investing in multiple altcoins is wise decision because it will help to minimize the risk of loss.If some coins dropp Out BUT other Side increasing more percentage as compare to falling ones will help to recover losses or maximize the profit.
It is also rule of investment that never put all money at one place the diversification of the investment is must to get more profit from your invested capital,make sure choose the legit platform which help to get maximum ROI.
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nakata121
Member
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Activity: 574
Merit: 14
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January 07, 2020, 05:46:34 PM |
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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
Choosing several altcoins as investment assets will certainly be safer than investing in just one asset, but in this case, we must also be clever in seeing which altcoin does have the potential to increase prices in the future because it is highly recommended for us traders to do market analysis first before making a decision which altcoin we will make an investment asset. |
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Mighty_crypt
Member
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Activity: 784
Merit: 21
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January 07, 2020, 06:12:38 PM |
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Having 10 different altcoins is enough for any portfolio holder, more than that can be a pain in the ass, remember that you have to keep track of every single one of the coins so that you won't miss any future update
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ice098
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January 07, 2020, 06:47:52 PM |
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Having 10 different altcoins is enough for any portfolio holder, more than that can be a pain in the ass, remember that you have to keep track of every single one of the coins so that you won't miss any future update
Yes I am agree with you pal. Having multiple accounts to earn different alt coins is very difficult and time consuming. Running multiple accounts is very difficult most especially to some other campaigns because there are some forums who bans their member if they find out that theirparticular member has a lot of multiple accounts |
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BeginToMine
Full Member
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Activity: 434
Merit: 101
https://www.payaccept.net/
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January 07, 2020, 08:46:16 PM |
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Is not about investing in multiple altcoins is strictly about investing in what worth it, what won't make you sad and what you will cash out proudly, instead of loosing it's better to channel to BTC...if you have different good altcoins to invest it's good as one may grow higher than others and even if one dumps you can stand back with others.
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KimmyF
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January 07, 2020, 10:24:39 PM |
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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.
You know that this money can't bring huge profits by this top coin. Today Bitcoin is doing good plowshares you profits will be 30-40 USD until this time. You are open to take suggestion so I'm telling to do hold with fresh coin when huge dump after listed by only 100 USD. |
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denasha92
Member
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Activity: 616
Merit: 10
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January 07, 2020, 11:02:59 PM |
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Investing in multiple coins is a good idea, it's better than just investing in one coin. But investing your money in too many coins is very risky and confusing too. I think it will be better if you just investing your money in the top 10 coins.
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Visbay
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January 08, 2020, 12:05:52 PM |
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Investing in multiple altcoins is wise decision because it will help to minimize the risk of loss.If some coins dropp Out BUT other Side increasing more percentage as compare to falling ones will help to recover losses or maximize the profit.
It is also rule of investment that never put all money at one place the diversification of the investment is must to get more profit from your invested capital,make sure choose the legit platform which help to get maximum ROI.
When you decide to invest in more than one altcoin you will have to remain more careful about security codes so buy few best coins as you have mentioned but first priority should be bitcoin, ETH, and Ripple as these coins are best to keep with you as long as you want. But investing in more than those coins will be difficult to handle. |
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gwaposakon
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January 08, 2020, 12:30:38 PM |
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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
You have quite a good variety of investments in your assets. I am also investing in multiple crypto but not as varied as yours. I only keep my to a few that I can monitor as having too many would be hard for me to check from time to time. Good decision also to invest majority of your asset in BTC as this will be a good coin for long term investment and knowing especially that its halving is coming in May. |
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d3nz
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January 08, 2020, 01:40:29 PM |
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That's a lot of altcoin you have on your portfolio and upon checking your list there is only some of them has potential to increase its valur in the future.
And also having a bitcoin is a must sincr the value will surely pump up and it would be hard to get back again if the value will go much higher.
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julius caesar
Full Member
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Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
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January 08, 2020, 01:45:44 PM |
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Investing in multiple altcoins is kinda good thing because you are trying to split all of your money in a different investment. Which is a good thing because if the value of the other coins drops, you still have a chance because you have other coins still. If the value of coin dumps, you still have a money because you split your investment to the different coins.
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nutriagrigia
Sr. Member
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Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
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January 08, 2020, 03:08:59 PM |
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Investing in multiple altcoins is kinda good thing because you are trying to split all of your money in a different investment. Which is a good thing because if the value of the other coins drops, you still have a chance because you have other coins still. If the value of coin dumps, you still have a money because you split your investment to the different coins.
very often I see that people buy a lot of coins for diversification but do not devote enough time to study the coins in which they invest their money. for the correct diversification and separation of money between a large number of altcoins, you need to study each project in which you want to invest your money. otherwise, your diversification will be useless |
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Gheka
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January 08, 2020, 03:12:47 PM |
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Investing in multiple altcoins is kinda good thing because you are trying to split all of your money in a different investment. Which is a good thing because if the value of the other coins drops, you still have a chance because you have other coins still. If the value of coin dumps, you still have a money because you split your investment to the different coins.
I do not think this is a good thing, we should try to look at the altcoins that are appearing in the market, blood flowing continuously and cannot stop with the torment of bitcoin, if we are investing in too many altcoins right now, I would really have a lot of confusion and difficulties in this situation, not being able to know what we should hold and what we should eliminate or need to remain calm after all and be in a passive state, loss is still increasing steadily on each position. While with just a few altcoins, we will have more handling measures, we will not need trouble in selection. |
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Twentyonepaylots
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January 08, 2020, 03:20:22 PM |
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Investing in multiple coins is a good idea, it's better than just investing in one coin. But investing your money in too many coins is very risky and confusing too. I think it will be better if you just investing your money in the top 10 coins.
Indeed, sometimes the more the merrier don't work. And when that happens it's gonna cause losses on your end. So what I could highly suggest as a fellow cryptocurrency trader is to formulate a strategy you are comfortable with first. And if that includes investing in multiple cryptocurrencies the I would highly suggest you take on the top 5 most successful coins in the market as it will give you more guarantees that you'll profit |
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StephenieDuong
Sr. Member
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Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
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January 08, 2020, 03:48:09 PM |
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I dont think invest into too many coins is smart choice because you cant even win big profit with small amount of tokens. I think you should choose only 2-3 coins with your balance and keep focus with those projects. With less project, i think you can monitor news, project develop process to decide keep holding or sell.
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