Is it better to focus on one cryptocurrency, or to diversify into others?

[GoldenLady]

It can be said that Bitcoin has the greatest attention out of all cryptocurrency.

One important question is if someone should focus on just one crypto, Bitcoin only, or to diversify and invest into other altcoins.

If so, which give altcoins would you choose after bitcoin?

 

[Tiwa]

It's better to spread out your risk by buying into an average of all coins that has market potentials.
Yes Bitcoin is doing good and has the attention of almost an average investor but buying high volume of altcoins which are superbly cheap can boost your portfolio and returns in future and also served as shock absorber in the event of some losses.

 

[Khezo]

It can be said that Bitcoin has the greatest attention out of all cryptocurrency.

One important question is if someone should focus on just one crypto, Bitcoin only, or to diversify and invest into other altcoins.

If so, which give altcoins would you choose after bitcoin?

Well I do believe in not puting all your eggs in one basket. Diversification is necessary. There are many other coins you can invest in after bitcoin.
ETH is a very good example of such

 

[Lyrrex]

Me i personally don't have and i don't invest on only one form of cryptocurrency,i go for all other cryptocurrency because I believe that there will be a time in which a cryptocurrency that doesn't have value now will have value in the future,that's the reason I go into investment on different type of cryptocurrency.i think you should follow my step and thanks me later

 

[GoldenLady]

Well I do believe in not puting all your eggs in one basket. Diversification is necessary. There are many other coins you can invest in after bitcoin.
ETH is a very good example of such

Even though some people are against it, diversifying now safer, though it Amy yield lower profits.

Ethereum is very good second choice after bitcoin, especially with the rush it experienced in the past few days.

 

[Nurudeen]

In money market or crypto currency exchange Business, the best thing for investors is to diversify his or her portfolio just to minimize risk. Aside Bitcoin there are other altcoin you can look into like zonga coin, litecoin, Bitcoin cash and Ethereum. These are good coin to buy if you think you want to diversify your portfolio.

 

[Damismiling]

As far as crypto currency is concerned you must not put all your eggs in one basket, you must diversify in your investment, ensure you try as many coins as possible, it's better that way as all the coin cannot disappoint at once

 

[Lagazine]

Crypo currency investment doesn't sound cool, when one concentrate on a single coin. I think one need to spread the investment across all other coins to make a reality out of it. I'm a lover of cryptocurrency investment and I always sow my last cash on cryptocurrency, no matter how much it cost. Its as a result of my lackadaisical attitude towards bitcoin back in 2015 the lead me to investing in all investments. As of today, I'm proud to have my investment on about six crypto coins including BTC and ETH.

 

[tuna89]

Diversification is a better choice which must be followed up by a good research into the cryptos you prefer, for me i have some btc and eth and currently studying the chainlink via coinmarketcap website and other expert forecasts. Also doing well is dogecoin and wesa. You can make more research as regards all.

 

[Erik4150]

Diversification is very important, I would not recommend investing in only one type of cryptocurrency unless you are a short term investor. But if you are buying cryptocurrency in bulk as a long term investor, then it I think it is better to diversify so as not to loose out when price fluctuates.

 

[Ridorz]

Yes, it's good to invest on different cryptocorrency. As for me, I can not and I do not in invest on one cryptocorrency, I usually try different cryptocorrency because I believe that all of crypto can not disappoint at once. So, it's advisable to spread your investment on cryptocorrency.

 

[Kennysplash]

It can be said that Bitcoin has the greatest attention out of all cryptocurrency.

One important question is if someone should focus on just one crypto, Bitcoin only, or to diversify and invest into other altcoins.

If so, which give altcoins would you choose after bitcoin?

Variety, they say is the spice of life. Don't put all your eggs in one basket instead of investing your money in one crypto currency, diversify it into three crypto currencies. So if one fails, the others will fill in.

 

[Ltherman]

Its good to hold a particular crypto or concentrate your efforts on one bit it'll do you more good when you diversify them rather keep all your eggs in one basket.

 

[Adebayonle7]

It is better to focus on one and tackle any associated risks and challenges related to that only one than be into many with different risks and problems. That will pose you to different risks and might not be able to wrap your hands around the level of changes that occurs daily.

 

[Akinwale701]

I wouldn't advise anyone to focus on just one Cryptocurrency, the risk is gonna be too much to bear. however, if one can diversify, it will be minimal and one will have some rest of mind.

It can be said that Bitcoin has the greatest attention out of all cryptocurrency.

One important question is if someone should focus on just one crypto, Bitcoin only, or to diversify and invest into other altcoins.

If so, which give altcoins would you choose after bitcoin?

 

[GIFTMICHAEL]

For me it is better to focus on one cryptocurrency.

Since you have identified Bitcoin to be the most profitable coin among the cryptocurrency investment staying and investing on it will make you to specialise on it.

There is no gain going for lesser when you already have the best.
Keep investing and avoid taking and spreading your risk

 

[Eyiteepraise]

It would be better if one to diversify into other cryptocurrencies than continue dealing in one since these cryptocurrencies rise and fall, it shouldn't be that the one you intend on investing on just all of a sudden fall leading you to a huge loss but when you're into more than one there would be a counter in place of fallen value of some crytpos.

 

[Chumzy]

It is never better to focus on one business or one source of investment. My advice is, always diversify, but make sure you understand what you are going into. Diversification reduces risk, but has its own risk.

 

[Subhan abbasi]

Take start from currency when you get profit regularly and also get knowledge about another currency then transfer on another one after taking complete knowledge about that but at beginning start from one

 

[Goodday]

It can be said that Bitcoin has the greatest attention out of all cryptocurrency.

One important question is if someone should focus on just one crypto, Bitcoin only, or to diversify and invest into other altcoins.

If so, which give altcoins would you choose after bitcoin?

As for me l prefer diversifying my crypto investment than just been with only bitcoin. Even though bitcoin has the greatest potentials, l still pay attention to other altcoins like ethereum, litecoin, chainlink, Dot, stellar and doge too. There are others l just feel comfortable with these.