Why investing in other coins is necessary

[ahmedo24]

Investing in other coins is preferable to give us more chances of getting profit by trading , one cant out all his life saving into a single coin. By investing strategically to some set of good coins , it is possible to gain good profit.

Additionally don't put your entire savings into cryptocurrency be it one coin or more because of the volatile nature of the market. Not a financial advise though.

 

[Kelly5]

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.

You are right. Investing in other cryptocurrency coins like those.of the litecoin, ethereum, and the likes are also important because they also have their opportunities for making good profits if the signs for making such investments are there and visible

 

[babdud02]

Nowadays It seems like bitcoin has reach it’s peak it’s even coming down instead of going up and you won’t even want to invest your money on that since there are so many other coins that might be the future of coin in the future

 

[Aaron625]

Additionally don't put your entire savings into cryptocurrency be it one coin or more because of the volatile nature of the market. Not a financial advise though.

Yeah its risky for sure since the crypto market is not that old. We need to put the part of funds in stocks or other legit programs for better confidence.

 

[ahmedo24]

Yeah its risky for sure since the crypto market is not that old. We need to put the part of funds in stocks or other legit programs for better confidence.

Trading forex , stock side by side cryptocurrency is the best option because you can easily manage the risk involved in any of them but Investing in just one doesn't make sense.

 

[Aaron625]

Trading forex , stock side by side cryptocurrency is the best option because you can easily manage the risk involved in any of them but Investing in just one doesn't make sense.

Yeah all mix will make us more engaged and concentrated , thereby reducing the risk of losing , I mean it makes us very active trading in different platforms.

 

[Richard92]

New coins are cheap and it is good decision to invest because in future these new coins will increase.

It is very importance to invest in other coin especially the new once because you cannot predict which will appreciate faster so in diversity in in order corn apart from the popular ones is a good idea.

 

[Kelly5]

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.

You are right. Investing in other cryptocurrency coins like those.of the litecoin, ethereum, and the likes are also important because they also have their opportunities for making good profits if the signs for making such investments are there and visible

 

[ahmedo24]

Yeah all mix will make us more engaged and concentrated , thereby reducing the risk of losing , I mean it makes us very active trading in different platforms.

Honestly, this dip has made most of us to learn about diversifying means of making money on Crypto currencies and online generally. We will keep learning .

 

[Aaron625]

Honestly, this dip has made most of us to learn about diversifying means of making money on Crypto currencies and online generally. We will keep learning .

Yeah these kind of incidents make us more aware of how the crypto works , and with more knowledge , we can get higher profits in long run , so dip in any crypto is not actually bad.

 

[ahmedo24]

Dip is worrying especially for people are very new or had a very short time plan to execute using their Crypto currency earnings, we will continue to learn from the dip any ways.

 

[Richard92]

New coins are cheap and it is good decision to invest because in future these new coins will increase.

Investing in other coin is very necessary because you cannot determine or predict the market become in which you value so much may fall in the market and if you invest in other coin this may help you to reverse or regain your money

 

[Alexandoy]

Nowadays It seems like bitcoin has reach it’s peak it’s even coming down instead of going up and you won’t even want to invest your money on that since there are so many other coins that might be the future of coin in the future

If you have money for investing then maybe you would not choose Bitcoin anymore. There are more than 5,000 crypto coin in the market but I think a majority have no good use for us. There are the meme coins and trash coins which I don't really know the difference. It is not easy to find a good coin for investment.

 

[Nomad]

The most secured coin investment is of course bitcoin and ethereum, but since these are expensive coins, you might not be able invest in them, therefore, you will have to look for other coins.

 

[Haveit]

As at yesterday, some major altcoins were increasing in two digits while bitcoin was still in red until it finally rose by just 3%, imagine if someone only has bitcoin and miss out on other coins profit

 

[eLdavis]

Many people want to invest on only bitcoin, because they feel they stand a chance on gaining more from it than any other coin, because of its high value. But there so many other coins with great potential, and even with lower gas fee. And it is also best to invest on not just bitcoin but other coins as well, so at to have other options if there is ever a dip in bitcoin

 

[Setho]

The bigger aim of crypto for people investing in it is to make some profit and if you find a coin that is going to make a nice bull is run then you are free to buy it.

 

[Senator]

Of course, investing in other coins is also a good practice and tactics as well when it comes to the cryptocurrencies environment. Because there are other opportunities too that can be found in other coins that one may not have been taking note of

 

[Richard92]

New coins are cheap and it is good decision to invest because in future these new coins will increase.

Investing another coin is very necessary because you don't know which one will eventually appreciate in the market most times some smaller coin go fast in the market.

 

[Alexandoy]

Of course, investing in other coins is also a good practice and tactics as well when it comes to the cryptocurrencies environment. Because there are other opportunities too that can be found in other coins that one may not have been taking note of

I think the logic in investing in different coins is that when you need money you can sell the coin that is the most with profit (or least in losses). As a long term investment it is a good idea to spread your investment in different coins like maybe up to 5 coins.