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?
Having more altcoins does not necessarily mean it has a higher value. When it comes to investment, I would rather prefer having few altcoins with a stable market and high value than having lots of altcoin with no value at all. In that way, I can easily manage what I have because I will only have to focus on a few coins that I think really matter. It would be easier for me to keep on track if I only have a few on my portfolio. As long as you think that coin has a potential and have a stable market, invest on it. It does not really matter how many coins you have, its the value of each is what's more important.