Better to focus only on few projects which have a real potential beyond speculative hypes. It means memecoins should be discouraged, while projects which have support from influent technological sectors of the market should be taken into consideration.
Diversification in this case means quantity, while specialization means quality. And between both, quality is desirable. Quality brings better results on long term, although you have to be patient until seeing progress. Meanwhile, quantity may bring positive short term results, but its consistency is too unstable along the time, what means higher risks and uncertainities.
You don't need a large variety of cryptos to profit from this industry. Remember there are investors investing solely in Bitcoin, what doesn't prevent them from making huge profit.
Diversification in this case means quantity, while specialization means quality. And between both, quality is desirable. Quality brings better results on long term, although you have to be patient until seeing progress. Meanwhile, quantity may bring positive short term results, but its consistency is too unstable along the time, what means higher risks and uncertainities.
You don't need a large variety of cryptos to profit from this industry. Remember there are investors investing solely in Bitcoin, what doesn't prevent them from making huge profit.
Focusing on a few solid projects with real potential is a smarter approach. Memecoins can be tempting for quick gains but they often lack long-term stability. The quality over quantity tends to pay off in the long run especially if you have the patience to wait for progress. Diversifying too much can increase risk while concentrating on the most promising projects can help minimize uncertainty.
