I think a major aim is to spread your portfolio. You increase your chances when you have several coins as well, in case of an increase.
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You may be right on the spread but when you say chances for the several coins of price increase that can also mean chances of a decrease in price. In other words, whether you invest in 1 coin or many coins the chances are mathematically the same unless you are lucky in 1 coin that will have a price surge to the moon.I think a major aim is to spread your portfolio. You increase your chances when you have several coins as well, in case of an increase.
The chances are not the same there are certain coins that if you invest in them they such very high in fact when bitcoin is fully recovered there are certain coins that could pump by 500% so it all depends on your research and your ability to take risk.You may be right on the spread but when you say chances for the several coins of price increase that can also mean chances of a decrease in price. In other words, whether you invest in 1 coin or many coins the chances are mathematically the same unless you are lucky in 1 coin that will have a price surge to the moon.
Exactly what I meant, when I wrote that comment, you might be fortunate to get a 500% increase on a coin which may end up being the best investment.The chances are not the same there are certain coins that if you invest in them they such very high in fact when bitcoin is fully recovered there are certain coins that could pump by 500% so it all depends on your research and your ability to take the risk.
Bitcoin now is around $48,000 and before , it was around $59,000 earlier this year, but suddenly bitcoin price begins to fall and it reduced to around 48,000 recently, but there are some stable coin that you can use to invest right now like dogecoin ,and litecoin.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.
many people focus on bitcoins and invest money in bitcoins. they realize for the future this is necessary and good to invest in other coins.You are so right! I think many people!e are so focused on bitcoin right now that they have refused to realize that there is a haven in altcoins.
it is very necessary to invest in other coin because most time it is not all the coin that for the same time some can be falling and so maybe appreciating, with this you will have better advantageNew coins are cheap and it is good decision to invest because in future these new coins will increase.
Just like investing in stocks when you are sure of the stocks then you invest in just that stock. Some people do that when they have a connection to the company that owns the stocks. In one bank most of the officers have invested in their stocks so they are considered part owner of the bank.It is very possible that you can make money investing in just one coin. But you should only invest in ones that you understand the project and ones with a use case.
This is what I keep telling my friends that investing in other smaller coins will definitely benefit them in the long term as any little changes in the price of these coins will definitely get them or huge return on their investment.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.