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Maximum number of coins to trade.

  • Thread starter Thread starter ahmedo24
  • Start date Start date
I don't the particular amount of coin it is advisable to trade. I would say one shouldn't trade the amount of coin he or she cannot afford to lose.
 
It's advisable to diversify your investment pool and that's great but you'll have to be careful that in a bid to try to spread one's tentacles, you don't become a jack of all trades; it would be difficult to monitor.
Just invest in about 4-5 coins and monitor them.
 
ahmedo24 said:
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?.
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I ain't sure you'd get much by spreading your money thin on different investments. Picking a few with good scalability and usage, coins with utility will give you better earnings. Not withstanding though, if you have a reasonable amount to invest it won't be a bad idea.
 
Most times it will depend on your analysis that will determine cryptocurrency you have to trade. Since I don't really have much capital the highest I can trade is just five cryptocurrency at a time.
 
Mostly it depends on your capital that will determine. If your capital is below $100 it is advised that you shouldn't enter more than one trade at a time. That's very important for everyone most importantly new traders
 
GIFTMICHAEL said:
Mostly it depends on your capital that will determine. If your capital is below $100 it is advised that you shouldn't enter more than one trade at a time. That's very important for everyone most importantly new traders
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The capital that you have will determine the maximum number of coins to trade. It is not really fixed but the quantity to buy will depend on the market value of the cryptocurrency relative to the amount that you have.
 
ahmedo24 said:
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?.
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You should diversify your investments across different cryptocurrencies, but it is also important to note that the requisite checks should be done on the coin to gain first-hand knowledge of the coin where the investment will take place
 
I don't tho there's a limit to the number of coin you can trade on any crypto exchage platform. Number of coin to trade will depends on how much you have, how much you're willing to gain and how much you're ready to loss also
 
Potuse said:
The capital that you have will determine the maximum number of coins to trade. It is not really fixed but the quantity to buy will depend on the market value of the cryptocurrency relative to the amount that you have.
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Personally if I am interested to be a trader and I decide to trade more than one coin , for every 100 dollars is one trade and for every two hundred dollars is 2 trade and so on . what do you think about it .
 
GIFTMICHAEL said:
Personally if I am interested to be a trader and I decide to trade more than one coin , for every 100 dollars is one trade and for every two hundred dollars is 2 trade and so on . what do you think about it .
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It is a very good to trade more than one coin provided that you have the needed skill to manage it. It is a very important that you should carry out in the market analysis before you trade many coins.
 
Potuse said:
It is a very good to trade more than one coin provided that you have the needed skill to manage it. It is a very important that you should carry out in the market analysis before you trade many coins.
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Trading more than one coin at a time requires a lot of capital. That is what should be put into consideration. If you are using a smaller capital to trade a different coin , it might leads to total
liquidation.
 
ahmedo24 said:
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?.
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Actually it depends on how much you want to invest, for 1000 dollars if you choose 5 cryptos that would be better, if you are a complete beginner you must choose among top 50 cryptos.
 
Dowenship said:
No! You can't even invest in am altcoin at a time. Because if you are capable of investing in all coins you must be rich then you can't invest into akk because some coin will be irrelevant because they won't improve with time.
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It's not all coins that one can trustfully invest in. Altcoin to me is not that popular and its not worth it to be invested and depended on ghat much so one has to be calm.
 
Kojo Sam said:
It's not all coins that one can trustfully invest in. Altcoin to me is not that popular and its not worth it to be invested and depended on ghat much so one has to be calm.
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There are so many altoins that are very good for investment. I've just recently carried out research is on some altcoins that are not popular, but have lot of potentials.
 
Some platforms of tradings offers trading strating from 1 $ or even 0.10 $ so did not think that it is a big amount of money that you should have on your pocket money to have trading succesfully done. This is my point of view.
 
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