Investing in multiple altcoins

[Vishnu.Reang]

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.

[crisanto01]

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.

[Blackdeath]

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.

[Wipeout2097]

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.

[nakata121]

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.

[Mighty_crypt]

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

[ice098]

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

[BeginToMine]

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.

[KimmyF]

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.

[denasha92]

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.

[Visbay]

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.

[gwaposakon]

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.

[d3nz]

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.

[julius caesar]

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.

[nutriagrigia]

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

[Gheka]

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.

[Twentyonepaylots]

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

[StephenieDuong]

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.

[Rcoinmoon]

Multiple investment option is just the way and I think the most secured way to succeed in this crypto space because the future of each project is unpredictable.

[ije07]

investing with various altcoins is not a problem, but you need to remember that most altcoins now have lost their value, both old coins and new coins. but if you have an appetite for investing with altcoin, then I suggest you invest with top altcoin or who have been listed in the top 10 on coinmarcetcap. but remember, that you should always reconsider before you invest or take any part in this cryptoqurrency industry.