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 many altcoins diversifies your assets. There is a big chance that one of your coins will pump up. But having many altcoins also divides your focus. Especially if you trade mostly. There is a possibility that you might not be able to notice the short rise or drop of some of your coins.