Post
Topic
Board Altcoin Discussion
Re: How many altcoins to hold at a time
by
lixer
on 25/01/2025, 12:21:23 UTC
I think when you're just starting with altcoins, its important not to go heavy on too many projects. If you're looking for high risk and the possibility of big rewards, i'd suggest diversifying across 3-5 coins. That way, you spread out your risk without overwhelming yourself with too many assets to manage
Yes, because our knowledge is still limited yet. Having one or two starting alts won't also mean that we will now pump them and invest more but we also need to start small as well. If about coin management, there are still tools or apps out there that can help us with it. Choosing established coins are also easy to manage because they could share the same risk.

Quote
If you're looking for high risk and the possibility of big rewards, i'd suggest diversifying across 3-5 coins.
I thought you won't let them invest on many projects? Because 3 or even 5 coins are still a lot for a beginner. Also diversifying is supposed to reduce our risks but of course the ones that we must choose are the established coins only. If we are onto high risk - high reward then a single unknown coin can also do the job.