Which would you choose: focus on analyzing one coin or on many coins?

[bayu7adi]

People who focus on just one coin, will have a better understanding of the related coin... that is also an important point to be able to master one coin, but it closes other opportunities that are currently available on other coins

Then, for those who analyze many coins, they cannot focus... but they can get broader opportunity information too.. but their understanding is not deep...

Which type of trader is more identical to you?

[TomPluz]

I am not a good trader myself but on this question, we have to remember that many traders have the goal of mastering many coins just like the idea of leverage and they are doing it by focusing on one coin so they can achieve some level of mastery on it and then maybe expand to other coins as can be permitted by time and resources. In other words, while your vision is to be a multi-coin trader, the strategy is to do it one at a time. Lack of focus can lead to no mastery and that can be so dreadful in trading...just like an empire so stretch in the time of war. And I think if one can master just one coin, that can already be enough to make a lot of money in trading.

[royalRitta]

I would choose 2-3 coins with which I would trade because it is too few to be able to go onto the market, in my opinion, to be in profit and to learn something along the way, but 2-3 - is the perfect balance.

[|MINER|]

Actually, I am not very good at analysis so I definitely find it difficult for me to invest in many coins because in that case the analysis takes a larger scale. Actually, I am not very good at analysis so I definitely find it difficult for me to invest in many coins because in that case the analysis takes a larger scale. And I think those who know less about analysis should limit themselves to limited coins and do not invest more.

[Hatchy]

People who focus on just one coin, will have a better understanding of the related coin... that is also an important point to be able to master one coin, but it closes other opportunities that are currently available on other coins

Then, for those who analyze many coins, they cannot focus... but they can get broader opportunity information too.. but their understanding is not deep...

Which type of trader is more identical to you?

I guess to practice more on a single pair is the best way to master your trade. Most big traders I've seen, usually stick to one pair or crypto and are still making it big in the industry. What you need to understand is that the market works the same way but the what makes all coins different from the other sis the liquidity and amount of investors present. Not that there's anything bad trading different coins, as sometimes you might not get a good entry and have to wait for a king time to get one. But the. Trading different pairs help you provide different opportunities in the market.

[Azharul]

I am not a good trader myself but on this question, we have to remember that many traders have the goal of mastering many coins just like the idea of leverage and they are doing it by focusing on one coin so they can achieve some level of mastery on it and then maybe expand to other coins as can be permitted by time and resources. In other words, while your vision is to be a multi-coin trader, the strategy is to do it one at a time. Lack of focus can lead to no mastery and that can be so dreadful in trading...just like an empire so stretch in the time of war. And I think if one can master just one coin, that can already be enough to make a lot of money in trading.

I am also agree with your comment. We also know that many big investors can collect many coin to increase there profit. Because they believe that if we want to invest in many coin almost every coin will be success in cryptocurrency market. But if we can see that some people will choose one coin hold or invest in cryptocurrency market, is better then many. I am also know that my one friend could buy a bitcoin and i also see that he also trading in bitcoin. I also saw that my friend also earn huge profit from trading bitcoin.

[luckyledger]

Actually, I am not very good at analysis so I definitely find it difficult for me to invest in many coins because in that case the analysis takes a larger scale. Actually, I am not very good at analysis so I definitely find it difficult for me to invest in many coins because in that case the analysis takes a larger scale. And I think those who know less about analysis should limit themselves to limited coins and do not invest more.

You repeated yourself, however, you are right!
It's better to look only after you are ready to invest your time and effort in order to achieve something in the long run.

[_act_]

I prefer to just invest on bitcoin because it is not really volatile unlike altcoins. There was a time that I invested on altcoins, the price of the altcoins fall and I removed my money when it has fallen more than 3 time but it later increased. Bitcoin has not decreased more than 1.5 time at the time.

But with little amount of money I also invest on some other coins. I do not really consider if the coins will rise or not. Some of them can disappoint while some will not.

[bayu7adi]

Actually, I am not very good at analysis so I definitely find it difficult for me to invest in many coins because in that case the analysis takes a larger scale. Actually, I am not very good at analysis so I definitely find it difficult for me to invest in many coins because in that case the analysis takes a larger scale. And I think those who know less about analysis should limit themselves to limited coins and do not invest more.

yes, even for a professional, there are also those who still only analyze a small number of coins... this perspective does vary depending on each individual, because they have their own trading style or investment style... for a newbie, it is highly recommended to only analyze a small number of coins, such as 2 coins is enough, for comparison and learning purposes, while for professionals, maybe it can be in large numbers or also in small numbers, according to their ability to focus every day.

[Themepen]

Hmmmm... There are two kinds of cryptocurrency traders. Some focus on one coin while others look at many. Focusing on one coin helps you know it very well but with this you may miss other good opportunities. Looking at many coins gives wider view of market but we can not know each coin as well. I also think best approach is to find balance.

Focus on two or three main coins and still keep eye on others. This way you can adapt quickly to changes in market. Best way to trade depends on what we want to achieve how much risk we can take and what is happening in market.

[bitterguy28]

I am not a good trader myself but on this question, we have to remember that many traders have the goal of mastering many coins just like the idea of leverage and they are doing it by focusing on one coin so they can achieve some level of mastery on it and then maybe expand to other coins as can be permitted by time and resources.

ideally traders would want to trade different coins for maximum profit however one should not force himself to do so if you have mastered just one coin then that is fine however if you are the type of person and trader that is skillful enough to trade different kinds of coins then why not?

i dont think there is a right or wrong option here and it just really depends on what are your capabilities and what are you trying to achieve personally focusing on only one coin seems the best for me only because of time

[royalRitta]

I am not a good trader myself but on this question, we have to remember that many traders have the goal of mastering many coins just like the idea of leverage and they are doing it by focusing on one coin so they can achieve some level of mastery on it and then maybe expand to other coins as can be permitted by time and resources.

ideally traders would want to trade different coins for maximum profit however one should not force himself to do so if you have mastered just one coin then that is fine however if you are the type of person and trader that is skillful enough to trade different kinds of coins then why not?

i dont think there is a right or wrong option here and it just really depends on what are your capabilities and what are you trying to achieve personally focusing on only one coin seems the best for me only because of time

Better yet to analyze all the market offers to you and use all of the info presented there, than to utilize only some charts to get onto one coin.
That's my view on it.

[|MINER|]

yes, even for a professional, there are also those who still only analyze a small number of coins... this perspective does vary depending on each individual, because they have their own trading style or investment style... for a newbie, it is highly recommended to only analyze a small number of coins, such as 2 coins is enough, for comparison and learning purposes, while for professionals, maybe it can be in large numbers or also in small numbers, according to their ability to focus every day.

Yeap when you know that how to do the technical analysis and the fundamental analysis and the Money management on trading and as well as the control on your emotion I don't think there will be any needs of anything like the trade in multiple coin for decreasing the losses and recovering the trade.  And I know some of trader personally I saw them when they make trade he chose only one coin for that time and made trade gain profit or face loss and then he skip that and chose another. Because he always says that if you know how to do trading then you don't need to invest in mulitple coin.

[bayu7adi]

ideally traders would want to trade different coins for maximum profit however one should not force himself to do so if you have mastered just one coin then that is fine however if you are the type of person and trader that is skillful enough to trade different kinds of coins then why not?

i dont think there is a right or wrong option here and it just really depends on what are your capabilities and what are you trying to achieve personally focusing on only one coin seems the best for me only because of time

considering that everyone's abilities are truly different, and everyone starts from zero when entering the world of trading or investment, then the right main step is to study and understand one coin first until you really know the opportunities that exist in that coin...

after that, expansion is carried out when the resources you have are sufficient to understand the next new coin... it is always interesting when we understand many coins so that we know many opportunities to create our profit.

[jeraldskie11]

As what I have noticed altcoins are following the movement of Bitcoin. If Bitcoin goes up, altcoins will follow, and if Bitcoin goes down, altcoins will go down as well. Others might think that altcoins have the same characteristics but it's not true. This is because their volatilities are not the same to each other, you may notice in the real time prices of altcoins they have the same trend but if you go to weekly and you zoom out, you will see that they are really don't have the same chart. So it's better to focus on one coin to master it quickly.