Post
Topic
Board Trading Discussion
Re: Whats better holding many coins or fewer coins?
by
nydiacaskey01
on 13/06/2019, 23:28:33 UTC
I know the question sounds stupid.

But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.


It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
I wouldn't buy a lot of coins because you will have a hard time monitoring the progress of your investment. In my opinion, you can focus on at least 5 coins including Bitcoin. Imagine of you are monitoring 10 coins and only 3 are giving your profits and the rest are giving you nothing but losses. You need t monitor the projects of those coins, developments and progress. That is on top of the daily updates in cryptocurrencies where one fake news can cause a wide spread drop of price of all coins.