Always invest in different cryptocurrencies

[BrolySSJ]

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.

 

[Bilal0087]

Yes dear you are very right but it is not possible for a new person to invest in different cryptocurrencies, like I am a newbie in online trading and I am holding Bitcoin from the last 2 month because I bought it at 40800 dollar but now it's rate is very low so I don't not lose my money and I am waiting to increase in its rate.

 

[MarieArie]

It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin, the first and by far most popular form of cryptocurrency in the world. Despite its fame, Bitcoin isn't the final word on cryptocurrency – imitators, innovators and spinoffs have emerged in huge numbers, and there are more than 7,000 cryptocurrencies on the market today.

 

[Taimoor Jutt]

Yes very true. We should not invest in just one currency all the money. Because these transist their values in a second so invest just one it would be injustice with your earnings. If we invest in more than one currencies than in case of profit we can get in different ways.

 

[Suba]

Conditions for fluctuating cryptocurrency prices will be detrimental for crypto users who do not diversify their assets. Because by owning a variety of different crypto assets, you can avoid serious losses, because there are still other assets that you can rely on or even cover other asset losses. If you have already spent your money just to buy one cryptocurrency, if you intend to diversify cryptocurrencies, you can exchange these assets to various other types of assets without the need to buy crypto. To do this, use the Swap feature provided on many crypto wallets.

 

[Chumzy]

It has been said that we should not put all our eggs in one basket. Buying crypto currencies itself is a risk but buying just one coin. That is a bigger risk and for me I think it is a bit reckless to do that

 

[Klismannm12]

no his business man wants all his money in one basket likewise no one that is a wise investor should put his money in welcome to come and see when should diversify put your money in different colours so that falling down of one does not get everything you have burnt out.

 

[M Amin]

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.

you were recommendation is considerable I have also noticed if we are investing only in one currency if the rate of currency is far we have no chance to sell it and get new currency so if we are dividing our investment into various parts and we are purchasing different currencies we can sell profitable currency and purchase new currency.

 

[Greatguy1]

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.

Invest in various cryptocurrencies that you know and not the one that you find on the coin market. You get your hands burnt badly if you decide to be jumping from one cryptocurrency to another. Stick with the market leaders or the emerging ones with bright prospects.

 

[Jimmie150]

Investing in different cryptocurrencies always is like having multiple streams of income. This will help you make profit faster than you can think of. Imagine buying bitcoin, Ethereum and probably ripple when they were all very cheap.

 

[Usman Sattar]

Cryptocurrencies have performed debatably in 2018, yet are continuing to attract new investors in 2021.

However, most beginners have difficulties finding the best cryptocurrency to invest in 2021. We’ve all been there, so don’t worry! I understand how confusing it is when you first begin looking for new cryptocurrency investments. And that’s why I'm here to help.

So, are you also looking for the next cryptocurrencies to invest in 2021? Do you find yourself wondering “should I be investing in Bitcoin?” or “should I be in investing in Ethereum.

 

[Sheyemanu]

Yes, I couldn't agree more with you on this. It's always good to diversify your investment especially when it's in these cryptocurrencies so as not to loade all your money. This method of investing in different cryptocurrencies also help you to spread your risk. And you have to be informed before making these decisions

 

[Ayokex]

It is always good not to keep ones eggs in one basket in order to avoid total loss. Investing in multiple cryptocurrencies keeps you save against any form of unexpected occurrence. If you invest in different cryptocurrency you have the assurance that of one is misbehaving others will still be normal. This strategy always minimize investment risk.

 

[Mandypaul]

I do not advise anyone to invest in one type of cryptocurrency because even me I do not spend all my money on one cryptocurrency I invest in alot and upto five different cryptocurrency with good potential ,just invest in good ryptocurrency . This can really help you a lot

 

[KvngMurphy]

I believe diversification is Key and investing in multiple crypto currencies is best for anyone if the finances for multiple investments permit. Everything is a risk even life itself and nothing is really assured but not taking risk at all is even a bigger risk. I think accumulating funds and investing in different legit crypto currencies is great.

 

[Ellozyy]

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.

You are hundred percent right.. Cryptocurrency have evolved considering the number of cryptocurrencies currently in the market, it will definitely be a good idea to diversify.. Just watch some alt coins with great potential and try to invest in them even if it's little. The coin might moon before you know it.
Gone are the days of bitcoin and ethereum only. They are some really new cryptos with awesome future

 

[Herzhan]

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.

Seven contenders for the best crypto to buy for 2021:

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Tron (TRX)
• Chainlink (LINK
• Dogecoin (DOGE)

 

[BrolySSJ]

I do not advise anyone to invest in one type of cryptocurrency because even me I do not spend all my money on one cryptocurrency I invest in alot and upto five different cryptocurrency with good potential ,just invest in good ryptocurrency . This can really help you a lot

Investing in up to five different crypto is a very good thing and will definitely help you to mitigate any drops in the price from the primary or the main investment that you have. Like you said the key is to invest in good cryptocurrency. You should now and then take risks on smaller unknown currencies though as they can be quite profitable if done right. It is a risk, but one that can pay off as well.

 

[Yewande]

You are right. within last week and this week, investor have increased the amount they are investing into Dogecoin because of it massive volatility. But it is always advisable to diversify your investment.

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.

 

[Caali]

Yes, You can.
This is just the beginning of the crypto currencies. It is infant stage. You start your investment anytime.Cryptocurrency investment is like any other investment but this market is highly volatile. You can invest in this but please make a rule of thumb. Invest the money which you are ready to lose and don’t invest the money which you need in short time.