Quote from: thinkdifferent on November 08, 2017, 01:30:35 AM

Quote from: BlockEye on November 08, 2017, 01:14:40 AM

Quote from: ralle14 on November 07, 2017, 05:49:04 PM

Quote from: auswalk on November 07, 2017, 01:28:50 AM

Yes Bitcoin is the most gambled, and Ethereum is next.

I have a crapload of monero which I like as a coin, but it's a small % of the gambled coins. Would it be prudent to trade some monero for say litecoin or something?

Are you planning to invest it on a casino's bankroll ? or just gamble with it? Monero still has a decent number when it comes to gambling stats. On dicesites Safedice's overall stat for monero is sitting at the top 10. Spreading your investment on different coins is a wise decision because it lessens the risk if one coin doesn't go according to plan you still have other coins to back you up.

This is what they called Hedging on trading, But it is not sufficient to just spread it on different without proper weighting on proper allocation. The more coins you invest in crypto trading will just give you more risk considering the behavior of altcoin price. Because when bitcoin pump, the majority of altcoin dumps and vice versa. Personally I'm just trading on two altcoin at the same time so it will be only a 50/50 risk. Stratis and OMG which is both dump ATM. Grin

When people dump then you should take them and wait for the right time to sell. Should buy only promising coins not shit coins.

But don't go and catch falling knife because sometime it may go even lower. You should study the coins well before you jump in to purchase when others are selling it. Stratis long back I bought at 3$ and sold above 7$ and when it came down all the way to $5 then I bought some but now it is trading less than $3. I'm sure in the long run it will again go above $5 but sometimes it takes a lot of time to give you profits.