Post
Topic
Board Speculation (Altcoins)
Re: All my money in 1 altcoin - Too risky?
by
bhoybitcoin
on 24/06/2018, 18:50:22 UTC
Hi,
the altocoin market is so variuous and there are dozen of interesting projects that can be supported.

But  i'm a little investor (500$) and i'm seriously thinking to put all my money in only 1 project I think is very good which curretly is in the top 40 of altcoins. I don't want to say the name because my topic wants to be very general: what do you think is the risk  by doing so? Should I invest in 2 or 3 coins instead?

Thanks

Its risky that once your coin drop and recover, you will gain only few amount. But if you invest in many other coins, you will gain double and even triple of each coin's price. There are so many coins where you can trade in with a lower price. Much better to have many kinds of token investments, where we have the saying '' Two is better than one".