Post
Topic
Board Altcoin Discussion
Re: Investing in multiple altcoins
by
Barbarian
on 17/01/2020, 03:01:46 UTC
Too many coins that you invest by only having 500 CAD, I suggest you to choose just a few maybe 5 coins so you can invest 100 CAD on each coin. If you have a large capital I don't think it's wrong to want to have a lot of portfolios.
I agree I am surprised that people spread their capital so thin, even if the price of one of those coins goes up very rapidly then your profits are still going to be very small if you only invested 10 CAD and I doubt those profits are going to be enough to recover the transactions costs and the fees you need to pay to the exchange, it is better to just select a few coins in which you have high hopes of their potential instead of buying so many coins.