All you hear about these Trading and Investing rules that " Dont put all your eggs in one basket " or " Diversify your portfolio "
But how we Apply these rules in Crypto Market.
When Bitcoin moves 95% alts dumped. BTC moves up or down, Alts goes down. where we invest and no one can predict the market movement.
So what would be the right strategy of Diversifying Crypto Portfolio...
But how we Apply these rules in Crypto Market.
When Bitcoin moves 95% alts dumped. BTC moves up or down, Alts goes down. where we invest and no one can predict the market movement.
So what would be the right strategy of Diversifying Crypto Portfolio...
Not all altcoins is dependent on Bitcoin price movement. Some of them are in opposite trend to Bitcoin during dump, It depends on how the community of the project support and value the project. Most of the supporter of coin usually consists of just traders that's why it was weak everytime Bitcoin showing a strong selling pressure.
Diversify portfolio is good but don't do it on a bearish market because it will just hurt you badly. Diversify when the market starts to recover. When market is in bloodbath its much better to change asset to stablecoins.
