I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?
I think it is risky if you have all those alt coins, because when the time comes that all of you altcoins crashed you will lose a big amount of money. Let's say that you have a chance to earn big because you have all of them, if all of your alt went good then you're lucky, but we don't know what might happen in the future. So i think, you must buy only the known alt coins now and just hodl them for a long time.