Why You Shouldn’t Put All Your Money into a Single Altcoin

[rico666]

Tbh, I wouldn't trust any Altcoin where I wouldn't be part of the dev team myself.
And the only coin that gets an exception to that rule is not an Altcoin.

[Dunamisx]

It's unhealthy practice to put all our money or investment on a single altcoin, we need to diversify our assets on cryptocurrency in order to increase our tendency of making more profit over them, this strategy also helps us to maximize our profit by way of reducing the risk.

Only a newbie that doesn't know what he is doing well make a decision of investing all is accept on a single altcoin, as it stand, we are to invest only on bitcoin before we could consider any altcoin as our alternative investments in cryptocurrency, this is the normal standard and as well we can choose to make the necessary research before doing so.

[kawetsriyanto]

Tbh, I wouldn't trust any Altcoin where I wouldn't be part of the dev team myself.
And the only coin that gets an exception to that rule is not an Altcoin.

Well, it is your own right to exclude altcoins. It means you will only put your money into Bitcoin. I see no problem that someone only wants to invest in Bitcoin because it is surely the most recommended coin in crypto for investment.

It's unhealthy practice to put all our money or investment on a single altcoin, we need to diversify our assets on cryptocurrency in order to increase our tendency of making more profit over them, this strategy also helps us to maximize our profit by way of reducing the risk.

Indeed. It is too risky to rely on a single altcoin. If we only want to invest in a single coin, it is better to choose Bitcoin only. There are many people who only hold Bitcoin and they can be successful. Meanwhile for altcoins, not all people who invest in altcoins, they can be successful. Especially in random altcoins or new altcoins, many people even just waste money on them.

[Kavelj22]

Tbh, I wouldn't trust any Altcoin where I wouldn't be part of the dev team myself.
And the only coin that gets an exception to that rule is not an Altcoin.

You are out from the traders competition. You can't be a trader if you think that way. Altcoins are derived value from investors enthousiast, not more.. I can go with the definition that they are a pump and dump coins.