Why investing in other coins is necessary

[Bilal0087]

It is no doubt that bitcoin is heading to $20,000 and above before the end of the year base on the realities available but it comes with higher transactions fee. I feel Investing in other coins like litecoin, bitcoin cash and ripple will be a wise decision.since they are also on the rise too though not as high as bitcoin.

Investing in different coins hello allow you to get profit on regular basis, because if you invest only in single coin you have to wait for the rate to increase a but if you invest in different coins you don't have to wait for more, because our of many coins some price may increase and you can get profit from that.

 

[ahmedo24]

Investing in different coins hello allow you to get profit on regular basis, because if you invest only in single coin you have to wait for the rate to increase a but if you invest in different coins you don't have to wait for more, because our of many coins some price may increase and you can get profit from that.

Actually that's true because in such investment you have different alternatives to swing into because if one is down the other is up you can trade it off while you allow the other one grow to your target , so it is a safe investment for split Investing.

 

[Klashlly]

Why investing in other coins is necessary​

Without going into too much detail, while Ethereum is very similar to Bitcoin, its uses extend beyond the mere financial side of things such as mining, into the provision of services on its own particular blockchain. Ethereum provides built-in software programming languages which can be used to write, for example, smart contracts that can be used for many purposes, including the transfer and mining of its own tradeable digital token, Ether (which is even more complex than Bitcoin).​

 

[adazeez1995]

Yea that's true. Bitcoin is at its peak now. I don't think this is the best time to invest in Bitcoin. Buy ripple, I bought 125 dollars worth of ripple last week, by yesterday it has risen to 176 dollars. I withdrew my gains and left the capital there. Even lite coin needs to fall a bit before buying

 

[Chibson]

I prefer to invest in other low valued coins, because with little amount of money, you will get a lot of coins and if in the future the price goes up you will make a lot of gain.
Now the price of Bitcoin is over $35000, if you make a big money investment in need and in the future the price goes down you will lose.

 

[Janita]

Obviously, everyone point of view is also acceptable because we should try to invest little bit than we can imagine that is this good or not .
Investment in other crypto currencies is good and profitable as specially in those whose rate is low and might me increase in future.

 

[Greatguy1]

There are thousands of altcoins or what we call cryptocurrencies flooded in the market. It is difficult to get to know the next moving cryptocurrencies as there are so many scam and false pretense altcoins. It is particularly difficult to track the next moving altcoin. To be on a safer side, stick with the popular ones like bitcoin, ethereum and other popular altcoin.

 

[Highflyer]

Investing in other coins asides from Bitcoin is very necessary, you should diversify your investment in cryotocurrencies and invest in other coins like Ethereum, Litecoin and others. Just ensure you make good research and not invest in volatile coins that will crash without you gaining back your investment capital.

 

[Profuk57]

of course we did a bitcoin is going you have no choice but to invest in other form of cryptocurrencies. Due to the High transaction fee and some receiving fee it is impossible you invest in other coins like I prefer litecoin,
Ripple and maybe some Tron by the side to cushion my transaction

 

[Seun4luv]

Investment in cryptocurrency is risky, to say the least. Of course, all investing carries a degree of risk. But you should always avoid unnecessary risks, especially when it comes to your hard-earned money.

 

[Sotherefore]

everything about cryptocurrency is Risk sometimes you can choose to invest in any cryptocurrency you think will be valuable for you,for me I only concentrate on investing in cryptocurrency that is moving up and is generally recognised in the crypto system like bitcoins and ethereum.

 

[Cybersec]

I think it is a good idea not to put your egg in one basket because no one knows what can happen in the next minute, i will also follow suit

 

[lelakil3]

It is no doubt that bitcoin is heading to $20,000 and above before the end of the year base on the realities available but it comes with higher transactions fee. I feel Investing in other coins like litecoin, bitcoin cash and ripple will be a wise decision.since they are also on the rise too though not as high as bitcoin.

it is good to have an different type of source especially in cryptocurrency it helps to choose where to go as which on demand high and which low that not to make a deal or trade, litecoin and ripple is being noisy but not like the bitcoin.

 

[Riniyke]

Investing in other coin is really necessary because as the value of one coin raises the value of some reduces and you never can tell so the best thing to do is to put ur eggs in different basket

 

[Quert]

Yes you should consider investing on other coins and not just bitcoins, basically in the near future if there will be platforms that pays in currency other than bitcoin that might one reason why other coins will raise its price accordingly. However since bitcoin is still the leading crypto then I guess you should have some of it in your wallet.

 

[Jimmie150]

Investing in other coin is really a good thing to do at the moment because there are some good coin with reasonable prices one can actually look towards. I expect this coin to have good prices in the near future.

Post automatically merged: Feb 6, 2021

Investing in other coin is really a good thing to do at the moment because there are some good coin with reasonable prices one can actually look towards. I expect this coin to have good prices in the near future.

 

[singlej007]

You were very right bit coin has been on the rise since November 2020, and as at then it was $20k, but as I am writing this now, bitcoin has cross $40k now, and the transaction fee is actually high, but although people who invested then are not regretting at all..

 

[Kelly5]

Investment or rather investing in other cryptocurrencies is not only a wise thing to do but it is a very necessary decision to make as a crypto currency investor. It is not so wise to put all your crypto assets in one cryptocurrency alone.

 

[Shahzaib37]

It is no doubt that bitcoin is heading to $20,000 and above before the end of the year base on the realities available but it comes with higher transactions fee. I feel Investing in other coins like litecoin, bitcoin cash and ripple will be a wise decision.since they are also on the rise too though not as high as bitcoin.

Yes , investment in other coins are very important because when we by different coin they have value to increase payment and use in different purpose.

 

[Victor001]

Well its not out of place to try other coins, but we must consider the momentum of the coin, the volume in circulation , run analysis check on previous exchange about the coins.
Its advisable to do this because most coins are stagnant instead of appreciating it depletes.