Some of the importance of investing your funds or money in different coins or token is the wide variety of rates and also the massive cash back.
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The importance of investing in different coins.
- Thread starter ahmedo24
- Start date
Lol, you made interesting point dear. We shouldn't put all our investment in one basket like investing all on Cryptocurrency. Is it what you mean??
If you have knowledge about only one coin, there is nothing bad In investing all your capital on it as there is no need investing in other coins you're ignorant of.
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I will.not subscribe to someone investing in so many coins all at once like that. You should invest in at least one particular coin per time instead
It's very important to invest in different cryptocurrencies because you may not know the ones that will rise very high and give you lots of money.
Information is knowledge and knowledge is power , so in order to invest and gain more in crypto currency, you need to study various and diverse of the coin to know how they fare before investing.
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This reminds me of a nephew who invited me to invest in stocks. He said that with a big capital I can buy 5 kinds of stocks for my varied investment. When one of the stocks gain in price then I can sell it if I want. If my investment is only on 1 stock then I would be waiting for the price change to be substantial to my advantage.
This is more like gambling, as one who knows what they are doing while investing ought to understand the coins that have potentials or rising.
The importance of investing in different coins is so numerous and necessary. You don't have the idea of what coin is going to hit the market up next, more reason why you should invest in different coins plus anyone hand it over there anytime
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Well, ever since I have learnt a lot about all the cryptocurrencies available, their level of growth is different from one another which is why it's better to take advantage of more than one.
Destiny030
Familiar Face
There are many importance but let me mention few of them
1: when you invest in different types of cryptocurrency , you have chances to gain more profit than those that invested on one currency.
2: when you invest in different types of cryptocurrency, when some or major currency start dropping and depreciating, not all your investment will depreciate , there will be some that will appreciate too, so it's always good to put your eggs in different baskets.
1: when you invest in different types of cryptocurrency , you have chances to gain more profit than those that invested on one currency.
2: when you invest in different types of cryptocurrency, when some or major currency start dropping and depreciating, not all your investment will depreciate , there will be some that will appreciate too, so it's always good to put your eggs in different baskets.
Exactly, it's actually one of the biggest challenges most people face when buying only one cryptocurrency because it looked valuable at the time and it disappointed.
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- Thread starter
- #153
The advantage of investing in more than one coin is more than the disadvantages because you are always protected even when the market is down as some coins could still be up.
Diversification is very important not just in any investment areas but also in crypto currency. By diversifying your crypto currency investment, you will minimize your risk.
In any Business, investing in many platform is more rewarding and less risk than investing in just one business, they call it "not laying your eggs in one basket".
Cryptocurrencies are not an exception to that principle, spreading your investment portfolio ensures you get higher returns and you get to take less risky than the one that just invested in one platform.
Cryptocurrencies are not an exception to that principle, spreading your investment portfolio ensures you get higher returns and you get to take less risky than the one that just invested in one platform.
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Well it depends if you have the capital to do so or not , when thinking of investing in different cryptocurrency at a time you will need a lot of capital to be able to make reasonable investment.
It is important for us to invest in different cryptocurrencies. Normally putting our eggs in one basket may not be the best thing. That is what I have been planning and longing to do anyway.
Investing in different coins obviously has it's benefits. Although, to everything that has an advantage, there is also a disadvantage. I feel it's better for a learner to invest and focus in only one coin before moving to other coins.
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Personally I think investment into different coins has a very great advantage based on the fact that even if a particular coin crash in value, the other will still favour you.
It is very important you have some tips when Investing into Crypto currencies part of it is Investing in to different coins because if you do you will be charged to watch the performance of these coins are Interval which will give you access to more information about these coins and others.
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