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Always invest in different cryptocurrencies

  • Thread starter Thread starter BrolySSJ
  • Start date Start date
GoldenLady said:
I can remember a time when I was tempted to put all my investments into ripple, prior to it's lawsuit.

This has shown me how important it is to never ever rely on just one cryptocurrency, always to have more.
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Exactly. I had the same notion to invest into ripple heavily because towards the end of last year the ripple coin was doing incredibly well and raising its value daily by a good percentage that helped for daily interest and trade on your investment as well. However, the massive crash resulted in many making huge losses. What are your thoughts on future investment into ripple whilst this lawsuit is pending?
 
It is always important to spread the investment in crypto currencies into various coins. They are not regulated and that means their value fluctuate highly. The best way to smooth that out is to make them look like a stock and reduce risk.
 
This is what I always say, do not put all your eggs in one basket. If you want to invest in cryptocurrency then diversify it and not just put all your money in one. They rise and fall at different times, so anyone that rise to the point of profit you can sell.
 
Exactly investing in different crypto currency is the best thing when it comes to investing in crypto because one must not concentrate on a particular crypto due to the market of each coin which is not stable
 
This can only be applied if you have enough capital to invest them into them each. Why can't we study the market and see the one with constant increase to invest.

Quote of the day:
Never give up, because the breakthrough is near. Keep pushing till you win
 
Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.
 
I have read a good advice in another forum to spread your investment to different coins. When one is making good with the gains when buy some more on that and sell some of the non-performing crypto. I have to agree with the spreading because that is one style that they do with stocks. Traders would advice to buy at least 3 stocks and the first one to gain substantial profit can be sold. I think it will work if you are discerning with the trend.
 
Yea investing in crypto currency up to five or seven is a good thing. When the value of crypto currency drops another one will be rise, you won't be in total loss if one crypto currency value drop.
This won't allow you to be in total profit when one crypto currency is dropping in value. You will always another investment to support it.
 
There are some people I have seen that have stuck with a single cryptocurency and it has paid them very well. But on a normal, a lot of projects on this time are always growing and that means you tend to earn more so I would advice to invest in Kore than one cryotocurrency.
 
Investing in different cryptocurrencies is advisable and it's like creating multiple source of income for yourself, but one has to be very careful while doing that in other not to run at a loss. A few might be better and you get to observe them regularly.
 
Cryptocurrency investors are more 'risk-averse' than traders, since they are more comfortable with leaving their investment alone and are not concerned with the daily price volatility. Over the long-term, the volatility of an asset smoothens out and therefore, it is less risky.
 
This is a statement of fact, it's better that you invest on different cryptocurrency platforms as it would be very beneficial to you and in the long run it will yield you much more profit. And it's even wiser to invest on multiple currency as you never can predict what the outcome would be.
 
The “crypto” in cryptocurrencies refers to complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization.
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The “crypto” in cryptocurrencies refers to complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization.
 
In my point of view its not safe to invest in different crypto currency because its money you use to buy crypto currency. Its not even safe at all if you invest into one crypto currency because you don't know when it will come down although investment is all about risk
 
Yes you can
Interms of Bitcoin ,you invest you money the greatest thing is that if the Bitcoin didn’t raise your money is there when it raise your money is there.
 
Yes for sure in order to get your profit from cryptocurrency you need to invest in different coins you can trade with some and use some of the coins for holding such as bitcoin. Other coins for trading include link, ethereum, ripple, xmr etc by splitting you tend to get more profit.
 
I recommend that you invest in various different coins that do have a promising future, so that if a single coin drops in its value you are able to make up for that drop by any increases in the other coins that you may be holding at that time. In this way you are able to manage the losses that you make and you are also invested in different coins which could lead to much higher future profits if you have chosen the coins correctly.
 
Truly extremely obvious. We ought not put resources into only one cash all the cash. Since these transist their qualities in a second so contribute only one it would be unfairness with your income. In the event that we put resources into more than one monetary forms than if there should arise an occurrence of benefit we can get in an unexpected way.
 
BrolySSJ said:
It is extremely important that when you get into investing within the cryptocurrency field that you diversify your investment. It is natural but when you see a single coin increasing in its value that you tend to want to buy as much as possible of the coin for future increases that it may experience. However the cryptocurrency world is very volatile and a coin is increasing in value can drop steadily in its value or significantly and its value within the space of a few hours. Therefore it is not advisable to put all of your eggs in one basket in the sense that your entire investment goes into a single coin.

I recommend that you invest in various different coins that do have a promising future, so that if a single coin drops in its value you are able to make up for that drop by any increases in the other coins that you may be holding at that time. In this way you are able to manage the losses that you make and you are also invested in different coins which could lead to much higher future profits if you have chosen the coins correctly.
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You are very much right. I am doing trading of cryptocurrencies from 3 month. take experience that we should not invest whole money in a single cryptocurrency because if it increased you can easily earn profit and in the others as if it decrease you can lost everything. I always tried to buy different cryptocurrency. This can easily help us in boosting of our income and profit.
 
it is very important to invest in different cryptocurrencies because over time many of them come around and go up and come down but the end of the day if you have one or two coins in from different only as you are a big boy trust me it's worth it
 
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