Always invest in different cryptocurrencies

[Josemendez]

I agree with you on this. It is not wise for one to put all his investment on a particular coin . There are several coins with good potentials. You will stand more chance with it than when you invest in one coin

 

[Ceeny007]

It's not just about investing in different crypto currencies,it's about investing in those ones that have prospect if you just buy at random you're relying on luck

 

[Niftyyem]

Yeah, invest in more than one coin but not many coins so as to be able to keep track of your investments. Also, they should be sound projects.

 

[Chizfab]

This is an informative piece, l wish l knew about this last year, then l would have taken Doge seriously. You never can tell coins with potentials and it's not always good to put your whole eggs in one basket. Use a stone to kill many birds!

 

[tuna89]

This is one great advice, lots of cryptos out there performing at great values even upcoming ones which have been listed, this will definitely enable more gains

 

[Filicit]

I won't advise that you just diversify your funds in crypto, know what works best for you, those that had funds in different wallets during the dip would comprehend, you loose more than keeping in one wallet

 

[Blessingedidiong]

It is very important not to invest in only one coin..it is more like putting all your eggs in a basket and whenever the basket falls,all the eggs gets broken. In crypto currency,the value of coins is never stable. A coin might have a high value today and fall in value the next day. It is advisable to evenly distribute your investment into different coins. If one falls, another will definitely rise for you to make profit from.

 

[Hena101]

Investing in different crypto currency is a good decision because one can serve as the remedy to other if their prices refused to grow to what you expected early.

 

[BrolySSJ]

It's not just about investing in different crypto currencies,it's about investing in those ones that have prospect if you just buy at random you're relying on luck

You are completely correct because you have to look at the potential that a cryptocurrency is able to offer you. There are many cryptocurrency coins out there however very few of them are actually known well in the marketplace and very few of them are promoted in an effective way to promote growth moving forward.

 

[Abigael]

I agree with you. Diversification is very important in cryptocurrency investment. Putting all your eggs in one basket will only make you loose too much when a problem occurs. But investing in many coins will ensure that you earn from one coin even if you are loosing in another.

 

[BrolySSJ]

I agree with you. Diversification is very important in cryptocurrency investment. Putting all your eggs in one basket will only make you loose too much when a problem occurs. But investing in many coins will ensure that you earn from one coin even if you are loosing in another.

Generally if one coin is experiencing a decrease in price then you can make up for it using the increase in price of another coin. However you have to be sure that you invest in various cryptocurrency coins that do have a promising future and also a good amount that you are able to still manage your cryptocurrency portfolio.

 

[tyrim88]

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.

That has always been my strategy when i am doing any investment that has an option.i have been doing jst that,especially the coins that have very good prospect for growth and invest in them and watch it grow and appriciate.

 

[mcjerry]

Investing in crypto currency is profitable. But to invest in there right coin it the best. There are some coin that don't worth investing on. That is why it is good to invest in top coin

 

[Setho]

It is very good that you invest in multiple cryptocurrencies but then they should also be good cryptocurrencies and not just investing for investing sake only.

 

[greenie]

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.

 

[Dagm1]

Yes, it is correct. We should not put all of our money into one currency. Because these prices change in a split second, investing only one would be an injustice to your returns. If we invest in multiple currencies, we can receive profits in a variety of ways.

 

[Laurentta]

You are very correct, it's good to invest in various crypto currencies but i don't totally agree with you. One should study a crypto currency properly before investing in it, he or she shouldn't just jump into it for the sake of investing in varieties.

 

[HayKay]

One has to always diversify the means of income and investment as well - this applies to purchasing and holding or trading of cryptocurrencies.
You need to hold promising coins and trade the fluctuating ones.

 

[eLdavis]

One has to always diversify the means of income and investment as well - this applies to purchasing and holding or trading of cryptocurrencies.
You need to hold promising coins and trade the fluctuating ones.

You have a point there, if am not mistaken you are talking about multiple sources of income right? Where you hold and at the same time trade? Indeed there are so many promising coins out there but alot of Investors and traders today only set their eyes on Bitcoin.

 

[joy101]

It is very good to invest different places if actually you have the capital because is very bad to put your money in one place, investing your money different place you get more profit from it.