Always invest in different cryptocurrencies

[Trexxxy]

I agree with your thread you have made some key points I think it is important to spread your portfolio if you're going to invest in cryptocurrency.

 

[Setfragil]

I agree with your thread you have made some key points I think it is important to spread your portfolio if you're going to invest in cryptocurrency.

That is the best thing to do, spreading your funds across all other cryptocurrencies will help you to make profits from the bullish run of which ever that it affected it price. Investing in one can also makes you to lose your funds if there is a serious dip.

 

[Trexxxy]

That is the best thing to do, spreading your funds across all other cryptocurrencies will help you to make profits from the bullish run of whichever affected its price. Investing in one can also make you lose your funds if there is a serious dip.

I guess that is the downside to crypto. The dip is brutal and you must be patient. Also when spreading your portfolio it is important to make informed decisions on the crypto you are investing in.

 

[Prettyjanie]

At the start of your cryptocurrency business, you should invest in as many coins as possible. You may not know which will end up shooting your finances.

 

[Nomad]

If you look at the market, you will see if bitcoin starts gining value, all of the coins will also start gaining value and when bitcoin starts losing value a lot of coins also start losing value.

 

[tyrim88]

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.

Volatility is the watch word here,when investing in a currency coin that has a lot of fluctuations where the prices is determine by some uncertain forces,diversification is the caution here.It would not be good to invest all you money into just one coin.A friend once had his investment in only bitcoin,but market forces almost cost him his coin,and he diversify.

 

[BrolySSJ]

Volatility is the watch word here,when investing in a currency coin that has a lot of fluctuations where the prices is determine by some uncertain forces,diversification is the caution here.It would not be good to invest all you money into just one coin.A friend once had his investment in only bitcoin,but market forces almost cost him his coin,and he diversify.

Sometimes for certain people if they are looking at a long-term investment and they only invest in Bitcoin you can actually end up being profitable if they are holding it for a period in excess of 4 years because this is when the halving event happens.

 

[tyrim88]

Sometimes for certain people if they are looking at a long-term investment and they only invest in Bitcoin you can actually end up being profitable if they are holding it for a period in excess of 4 years because this is when the halving event happens.

But in that case,they might just be luky if the price goes up and they decide to take advantage of the price increase.But waiting for a period of four years might be too long a time.But the essence of holding cryptocurency is for a long term gain.

 

[Setho]

Why do not think that is a good logic to have. In as much as different crypto projects have a different way in which the work we should always invest in crypto that you believe will rise in the future.

 

[Thinker009]

There are plenty of crypto currency in the market, it's best to always invest in different crypto currency and not focus on only one crypto currency , so you won't be infulenced by crypto currency price drops and others

 

[Giannis]

I do not completely agree with you.I agree that it is not advisable to invest only in one cryptocurrency but if someone see the future and wants to invest only on that then I do not understand why this is wrong.But in the end of the day it is just my opinion

 

[Yusuf]

Just every other businesses, one need to diversify when it comes to crypto currency exchange Business and aside Bitcoin in the market, there are other coin one can buy in the market

 

[Senator]

This technique you're trying to give everyone might proof workable sometimes and might also proof to be very disastrous sometimes too because you'll end up losing too much of you're very wrong in your investment decisions with these many coins at once

 

[Mostee501]

I agree with you on this,investing in several potential profitable digital coins will increase chances of more profits and it serves as backup plans.

 

[BrolySSJ]

But in that case,they might just be luky if the price goes up and they decide to take advantage of the price increase.But waiting for a period of four years might be too long a time.But the essence of holding cryptocurency is for a long term gain.

Waiting for a period of four years is actually not that long if you have to consider the potential profits that you can gain within that time. If you are to look at a regular investment in 4 years you are probably likely to see a 40 to 50 per cent growth in your investment however if you look at cryptocurrency within that same period of time you can probably achieve more than three times the value.

 

[Didosky]

That's what I'm even doing.. i buy and keep

 

[BrolySSJ]

That's what I'm even doing.. i buy and keep

Holding cryptocurrency is a very important aspect because that will allow you to see a long-term profit depending on which type of cryptocurrency you are invested in. It has to be something that sees a potential future and that many people are aware of because that will increase the demand for the coin and as a result it will also increase the price.

As I have mentioned on your previous comment that I think I have replied to as well you have to make comments within this forum that are engaging and that are longer than the ones that you are currently making in order to try and secure the rewards that you are receiving here. This is just advice from my part because I feel that if you continue to make comments that are so short people might end of reporting such comments and the administrator will take action against your account in this case. I am just trying to be helpful here.

 

[tyrim88]

Waiting for a period of four years is actually not that long if you have to consider the potential profits that you can gain within that time. If you are to look at a regular investment in 4 years you are probably likely to see a 40 to 50 per cent growth in your investment however if you look at cryptocurrency within that same period of time you can probably achieve more than three times the value.

This is true,because the essence of the cryptocurency aside if you want to be doing daily trading to cash in on market rising fluctuations,the aim is to hold for a longer period.I remember when i had the oppourtunity years back to buy into bitcoin,the price was way too low compare to the price we have now.

 

[Hena101]

Is a good idea to always try and invest in different place and this is the same with investing in crypto currency because its not good to put all your eggs in one basket.

 

[Bookwormlux]

If you do not know what you are doing, you may invest in different coins but at the end of the day lose everything because they are not coins with potentials.