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I don't advice any cryptocurrency trader to handle more than 3 coins at a time so as to avoid loss of concentration. It is better to such deep on a particular coin and stay glue to it that jumping around on all the coins.
Good answer. We should not limit yourself to only certain coins or a certain number because the crypto market is vast and there can be a number of coins with great futures ahead of them. It is just about finding them early through research.There is no particular limit to the number of coin you can trade in the market it all depends on how much you have and the choice of coin you wishes to invest on
That means you can invest 300 usd, correct? But remember, coins having the ERC20 network will charge high fees for such a low transaction. You would probably get around 8 dollars worth coin if you buy for 15 USDT.There are millions of Crypto coins available in different Exchange plaforms available for either short of long time Investment but certainly one can not invest in all of them at a time but is better to invest in more than one coin In order to stay safe. Personally I can invest in up to 20 coins with a minimum of $15. How about you?.
To avoid all the ERC 20 coins charges I don't use wallet for my Investment I rather use exchange platform where I can buy usdt and use it for my spot trading so gas fee is not always a problem.That means you can invest 300 usd, correct? But remember, coins having the ERC20 network will charge high fees for such a low transaction. You would probably get around 8 dollars worth coin if you buy for 15 USDT.
Yes it's true that majority of these cryptocurrencies will not end up being of any use at the end of the day as most of them are that we already know of. So, we got to be very careful in investing in many cryptocurrenciesInasmuch as it's not safe to invest into more than one Cryptocurrency at a time, but we should be careful so as not to waste our hard earned resources on an alleged investment drive because majority of these new cryptocurrencies would never become successful.
Actually having significant amount of money makes trading more interesting and profitable because you may not be targeting huge profit margin in a shot time.If you do not have a large funds, I don't think you wll benefit from trading. For small investors, long term holding crypt currencies is better strategy than trading
Use of depends on the amount of money you have you can trade on 5to 6 coin because you don't know which will appreciate in the market or which will fall in the market.Investing in more than one crypto currency is not necessarily a bad thing as there are pros and cons of doing so, putting ones eggs in ones basket usually have more negative impact than scattering them out
Yeah that's normal among investors to scatter their funds in different coins instead of placing it all on a certain coin because if one isn't doing so well then another mightUse of depends on the amount of money you have you can trade on 5to 6 coin because you don't know which will appreciate in the market or which will fall in the market.