What Quantity of Altcoins to buy?

[voyager23]

I think it depends on your own beliefs, In investing we must be sure and ready to accept the risk of the coins we buy, if you have a large capital I think it is very suitable to invest in the top altcoins at the moment and TRON is also one of the coins that have potential, so you can invest in the coin and later the profit you get depends on the price increase of the coin but if it goes down it is already a risk to us.

A good point on looking at the project. It's learning how to study and pick out what will be a successful project. So you think it helps to have a tech head on you... Or also listen to YT 'gurus'.... There's so bloody many of them... Majority of them are just good in front of the camera, can talk the lingo but very few are giving BROAD advice. About how markets as a whole function. When I start seeing people drawing lines all over graphs I switch off because it's all speculation to some degree?!

Any advice on studying projects and studying live data (on coinmarketcap etc)

[Spaffin]

There is undoubtedly a rule that you only need to invest in cryptocurrency as much as you can afford to lose. But in reality, the reality is completely different. Many people take risks by making deliberate or ill-considered investments. At least I am betting on Ethereum this year and in reality I am investing almost all my capital in Ethereum, which should double in value anyway by the end of 2021.

[stormterror]

How big are the chances for an incoming alt season where values go up similar to 2017-2018 highs?

[IkonaDro4ku]

it is important for me in a coin how much it can grow, I try to buy and sell after a longer time. For a short time I try to trade more according to technical analysis and news.

[kindbtc]

Hi  I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome.   

That depends solely on one's own financial strategy and worth of the project in his eyes, for example if im very confident about a coin i will definitely want to buy as many as i can initially especially if i think that 10x potential is there.

[Fredomago]

There is undoubtedly a rule that you only need to invest in cryptocurrency as much as you can afford to lose.

Yeah right, such principle that will lead you to a better journey into this investment venue, as long as you are willing to spare your money you can easily move forward in-case things won't go according to what you percepts.

But in reality, the reality is completely different. Many people take risks by making deliberate or ill-considered investments.

Most of the time, greed inside kills their investment, thinking that opportunity is knocking so instead of using spare money, in hope to earn much bigger money they'll just blindly invest in.

At least I am betting on Ethereum this year and in reality I am investing almost all my capital in Ethereum, which should double in value anyway by the end of 2021.

Good for you, ETH being next to Bitcoin already have solid foundations and wider supports, the chance of seeing more rise is expected
as developments still ongoing.

[TinaK]

It depends on your capital amount of investment, Because mostly peoples are concentrate three kind of sectors,
1. Bitcoin
2. Altcoin
3. Stable coins.
So before to invest you must split your capital amount and plan for proper quantity of altcoins is the good option to buy.

[tycsols]

Hi  I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome.   

Personally i am not a big investor so mostly i purchase only 100 dollars worth of coins if i really like the project and depending on my confidence on the project and team i do add more later because im a conservative investor and do not want to risk it all.

[bitcon]

Altcoins bring profits and benefits both in terms of investment and trading. What matters is not the number of altcoins being bought, but at what price to buy. If the project is profitable and you feel that such an investment will bring you income, then naturally you buy more coins.

[Quidat]

Hi  I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome.  

Kind of question that would really be having lots of possible answers into this because this will vary on someones financial capacity on how much they would really be buying on that point.
Also, not all buyers does like to buy more  would able to do so due to limited funds and some who do have money to spend or invest, they are the ones who had really be keen on
chosing which one he would really be investing.In the question on how much you would buy then it will depend into your risk management thing.If you do see that it has a potential
then would definitely buy more but if you are still on the doubt or hesitance side then you would really just limit out your spending and wait up for the moment.

[GrosWesh]

Would you spend £20 or £100.

The question is a bit ... meaningless in my opinion  .

If you have carefully studied the project in which you intend to invest, and if you are in confidence then it depends only on the means at your disposal.

A certain percentage of your overall portfolio is recommended, and it also depends on your trading plan, since in order to know where you are heading, you should determine at the time of purchase at which price you intend to take profit.

You alone are the judge

[Sebas.tian]

Just make sure you can tell the difference between crappy projects and promising projects, it's why I will recommend top 10 projects for any newbies, the risks are pretty lower this way than investing on new projects, if you can't tell the difference start doing research

Basically the top altcoins will make the difference definitely becasue they have stayed proved. OP should go more to learning cryptocurrency because it seem he's still acting noobs. Also, there are some undervalued coins in coinmarketcap which could make anyone 2x or above for long term investment. In a small bag kindly hold some UNI and LINK for long-term.

[bttmember]

Hi  I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome.   

It depends but if you get a new project of the calibre of ethereum and polkadot then buy with all your money but if you have some doubt and not hundred percent satisfied then you should be investing cautiously with small amount.

[globalpain]

the more altcoins you buy, the richer you will be when the altcoin season arrives, we are already entering the bullish season,
so why worry about your capital? invest now and choose altcoins with a good background, from TA and fundamentals,
buy on correction, don't buy everything, buy gradually during correction and you will be safe.

[seleme]

Hi  I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome.   

It depends on the budget and trading goals, for the long term investing buying in large quantities will save the year. Otherwise, it is as same as gambling in the short term, even spending $20 on 2 cent altcoin is small considering how deadly the new projects can be after getting listed on big markets.

[Congyang]

Hi  I am spending a ton of time reading, watching and asking questions to those who know.

But one question I have in mind is: Let's say you identify an altcoin you want to buy, let's say Tron..... Currently 2p a coin.

What would people normally spend on this coin? Obviously as many as you can in case it shoots up to £10 a coin... But just keen to understand how people think / buy.

Would you spend £20 or £100. Or does it depend on your overall goal short term or long term?

Any input welcome.   

it depends on my goal of spending an altcoin, for me it doesn't have to be a large amount or a small amount because each altcoin has its own advantages. so I think spending according to budget needs and according to the risk of the altcoin itself