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?
Well, if you invested your money into cryptocurrency, it's better to separated it to many altcoins. So when 1 altcoin price go down, you still have many altcoins to hold and maybe the rest of your altcoins have a better price and increased. Just have a few is a good choice too though, so you only need to focus on 1 currency like bitcoin and no need to worry about other altcoins.