Always invest in different cryptocurrencies

[Ltherman]

Nobody wants to put all his eggs in one basket. Having a diversified portfolio in any investment cannot be overemphasised. Scouting out the coins that will do well and having your investment in them will do one well than having it all in one place.

 

[Edward2]

Yes I recommend also this type of idea, but before all you should take all responsibilities if you plan to enter investing on bitcoin, you just have to analyze which type of coin has the possibility of going up or having a great profit in the future . This way you can make sure that in the end of investing you will have a great profit for all of your effort.

 

[Mastercoded]

All other cryptocurrency are not worth it, if you can invest in bitcoin, then it is better you dont invest at all

 

[springtech]

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.

This is a good advice no doubt. It is an age long wisdom. It is called spreading your risk. It is called diversification, it is called not putting your eggs in one basket.

This will help you to absolve the shock of bearish run or on the other hand enjoy/benefit from the sharp rise and fall in prices of different asset.

 

[DareIsrael]

I do tell people investing in crypto currency not to put all their egg in one basket. Yes it is advisable to invest in different crypto currencies simultaneously. This is actually put you on a safer side.

 

[Mandypaul]

it is always better to invest in different types of cryptocurrency so that in case any of them right you will not be left behind you still have something to gain a little profit but the situation in which you concentrate on only one type of cryptocurrency others will be rising and you will not have an opportunity to gain an interest.

 

[Patrik]

That's indeed a very good point to mention, relying on a single source when it comes to making money is seriously just a bad idea and action to perform, relying on multiple sources is the right thing to do

 

[Hasan Raza]

Putting resources into various digital currencies consistently resembles having numerous surges of pay. This will help you make benefit quicker than you can consider. Envision purchasing bitcoin, Ethereum and most likely wave when they were all very chea

 

[Ghazi1402]

The short and very straightforward answer would be - nobody knows. For starters, investing in crypto has always been a contentious topic - in the same way how there have always been people who support cryptocurrencies, there were also always those that opposed this topic, altogether. Whether or not cryptos are still worth investing depends on just how much research you've put into the subject, and how well you know it, in general.

 

[Lyrrex]

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

 

[Akinwale701]

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.

This is one of the greatest Cryptocurrenc Mistakes I'm making currently. I kind of make all my portfolio to be in bitcoin, so whenever there is an increase in the price of bitcoin, all my wallets go up and you see me being happy but when there is a decrease in bitcoin price, all my portfolio comes down in value and I'm not always cool with that.

 

[GoldenLady]

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.

 

[Adeyoola7]

Yes you are right I have been invest in multiple coins now for the past two months now and it did help me alot because if one is decrease another one will increase it really good to invest in more than one crypto currency
There are many kinds of cryptocurrencies. Bitcoin is the most famous, but Ether, Bitcoin Cash, Litecoin, and Ripple are a few others. All sorts of big tech and finance companies want a slice of crypto pie

 

[Blessedsam60]

Investing in different crytocurrency is really nice. Like I myself, I already have various coins in my wallet including bitcoin, Ethereum, Ecoin, Cmdx and one or two more. My hope is also on those altcoins that in the nearest future that they will multiply and turn to gold.

 

[Xerryl]

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.

 

[Ausaf Ali]

Various kind of eraning that the cryptocurrency is most new factors are the ones who is going to have the opportunity and need to make sure they have the opportunity for your own success and you have the opportunity and you will have the opportunity to make sure that you. The success of your own business thorigh and your personal income will help you get ready.

 

[Ehizzy1]

Yeah this is true its always best to invest in different crypto currencies because we don't know exactly the one that would rise to a very high amount and would also fall to a very low amount , because crypto flunctuation is really wild i think ,and anything could change at any time i think

 

[Kelly5]

Yes it is a well said advise to always invest in different cryptocurrencies. Don't just go ahead and invest in just one among so many cryptocurrencies out there while value you sense to be appreciating with peed

 

[Ub40]

You have raised very good points. I totally support diversification of investment. To me, one can just put little amounts in some of the coins that look promising. Like me I have most of my money in bitcoin then some little money some other promising cryptos like, ETH, TRON, LTC, and few other ones. That is my take.

 

[Ebensco]

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