If you want to diversify, diversify out of crypto - use equity, commodities, real estate, etc.
Buying other coins or even stable coins is just, well, still in crypto and is not considered true diversification, you are just spreading your crypto across.
Topic: Do you use diversification? - page 19. (Read 4398 times)
For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Diversification is good option to reducing risk on our investment. Cryptomarket have high volatile and i think with diversification will save our portoflio from deep decrease.
It is good to diversify your investment (on crypto) to avoid big losses in case the market will fall in times like this. Not just choosing different kind of coins but also the ways to earn from crypto.
Always try to remember to choose the coin which has been getting a big daily trade volume to create our best way to liquidate our money anytime. Diversify will decrease our chance to get instant lost in the crypto currency especially on this market.
I use and I used diversification. I think if you invest just in one coin, it can be very dangerous.
Yes I use it when I have much money, basically for long term, if I'm still quite sure about a certain coin to invest, I use diversification, to reduce risk if the market had a bad moment
good choice when there is a bad possibility in cryptocurrency prices by using diversification. that is what is happening now that many people lose their money, the market does not improve or increase, the waiting if there is a bull in December seems unlikely to happen. I am here to have money and I have captured a lot of very cheap coins far from before so I just did it.
I do diversify my portfolio since it's hard to predict what is the next big hit in crypto and in my perspective it's more profitable strategy because holding coins that are stable if the next bull run happens most likely they will all rise.
Well, as of this time it is not advisable to diversifying your coin in other coin because its already lossing off value it cannot guarantee a huge profit will earn it. The best of it is comes from the fiat to crypto coins which is good advisable in affordable market.
It will probably not make you rich if you diversify too much but at the moment it is too difficult to consolidate as the market is very unpredictable. Pick the wrong coin and you will see all your money wither away - even more than it already has
In this case, it is necessary to conduct a fundamental analysis of currencies, one that is supposedly strong and those that are supposedly relatively weak. It is also necessary to observe how these currencies react to the news. And the historical assessment of the movement of prices for these currencies relative to the state of the market. Only by observing these conditions it is possible to correctly assess how to proceed.
For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Yes, I also act like you. After selling a coin I think the price is good, I will find another coin at a reasonable price to buy a little (of course, learn about it first).For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Yes, I also act like you. After selling a coin I think the price is good, I will find another coin at a reasonable price to buy a little (of course, learn about it first). 
I use diversification only if I am going to replenish the Deposit or if there are already funds there. And in other cases, I see no reason to spend time on it
It is good to diversify your investment (on crypto) to avoid big losses in case the market will fall in times like this. Not just choosing different kind of coins but also the ways to earn from crypto.
Diversification in crypto having higher market caps are generally safe because they and more stable and less prone to volatility.Also sometimes for higher gains people invest in some projects with low market cap and make some huge gains.Its really the nature of crypto that keeps the things interesting.It never advisable to put all eggs in one basket just like not keeping your hard earned crypto in a single wallet.
Quote
"In addition to the category of cryptocurrencies, you should look at other factors like circulating supply (how many coins of that coin currently exist) and total supply (the total number that will ever exist).
The other important metric is Market Capitalization (market cap), which is found multiplying the price of a coin by its circulating supply."
Enjoy trading all.
Quote
"In addition to the category of cryptocurrencies, you should look at other factors like circulating supply (how many coins of that coin currently exist) and total supply (the total number that will ever exist).
The other important metric is Market Capitalization (market cap), which is found multiplying the price of a coin by its circulating supply."
Enjoy trading all.
For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Well, if the growth has gone good then you need to fix parts of your profits , and the money in which you have fixed you can invest in other coins , I think this is the safest method) For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Of course, proper diversification becomes a prerequisite for the work of each investor in order to reduce the possible risks in their work. In addition to diversification, be sure to carefully choose the appropriate cryptocurrency for investment. Personally, I prefer to distribute my investments in 10 reliable cryptocurrencies.
Of course the cryptocurrency market need to diversify , so many bad coins which can not be restored , and as there is good , but to consistently be in the black need to diversifitsirovat
Diversification, hold and trade many different coins is good strategy in cryptocurrency market. I use it to minimize my loss in case of market corruption. Each project has different movements, we can't know all about one project, how it will be, so the best solution is join more one project.
This is the most important part of success of every investor. Nobody had invested only in one project and was able to gain great profits. You should always to diversify your funds that will help you to stay safe.
Investing your money in more altcoins is highly recommended. Because there exist a lot of same projects and we dont know which one survive.
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