Post
Topic
Board Altcoin Discussion
Re: Is it better to have many altcoins or it is enough to have few?
by
King Bounty
on 21/11/2018, 23:41:19 UTC
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?

if in my opinion it is better to only have one altcoin than to have many altcoins, because if you have many altcoins we will find it difficult to supervise our coin growth, but if we have only one altcoin, then we will be very easy to see the coin growth even though the risk of investing in one altcoin is greater than many altcoins, because when the coin price drops then we lose all our money but if the price goes up, we immediately get a huge profit and if we invest in many altcoins then when one coin price goes down there is still another coin the price might increase and can cover losses incurred as a result of the coin price being down, but we also cannot always monitor the growth of coins that we have if there are too many, so I prefer to invest in one altcoin rather than many altcoins, because it is easier to monitor and see the growth of the coin, so if a bull run occurs or the price increases we can immediately sell it and immediately get all our money and profits, but if we invest in many altcoins, our money will be divided into several coins and when one of the coin price doesn't increase, we cannot withdraw all our money.