Topic: Do you use diversification? - page 31. (Read 4366 times)
Actually yes, it is the best thing that you can do for yourself as an investor. Reasons being that no matter how much you think that a project is doing well, there is always the risk that the project might end up failing and you might end up losing all of your money. That is where diversification comes in, to help you mitigate the risks that you are already taking by investing your money in cryptocurrencies.
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?
I also never invest all my money in one coin. Even if the coin seems very promising, anything can happen and you can lose money on it.
Diversification of investment is my favorite strategy. The cryptographic market is a continuous market that is unpredictable. So, to limit the risk to my investments, market research, careful selection of investments and diversification of investment are the best solutions.
Diversification is good because it allows spreading the risk between different coins. If any investment fails, there are still others that can make a profit. However, investing in too many coins can have a negative impact on the potential amount of profit.
Of course you do not need to keep all the coins in one wallet and you need to protect yourself as much as possible from hacking. It is also not necessary to keep a lot of money on the exchange, only for trading or buying assets
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 one of the main principles in operation your investments. In simple words it means like put your money into different assets. It makes your investments safer. You wouldn't lose all your money if something will happen.
It depends very much on what strategy you have. I consider clean suicide to keep the entire amount of your investments in one currency. You risk losing everything in one investment. Diversification is the most important when it comes to the crypto market. Of course you do not have to overdo it. If you have $ 100, it's not a good idea to invest in 100 coins. However, no matter what you invest, it is important to do research before.
Definitely diversify into several coins or tokens, don't concentrate exposure too much into one...! The upside potential in good new token or altcoin projects is much greater than in the established ones like BTC or ETH. Upside multiples can be a totally different game. You just need to do your research carefully and don't trust ICO listing sites etc. because ratings can be bought. Careful research is very important to avoid scams and other low quality projects - don't trust anyone but your own research!
I have been recently following Stellar that is generally on the rise and the tokens issued on the Stellar platform - now there is a bump like in any cryptocurrency over the past few days, but generally Stellar is on the rise because of the prospective Coinbase listing and other advances. This will also boost tokens issued on the Stellar platform...
My most recent find among alts is AXU, "Argentas Exchange Unit" token issued on the Stellar platform and listed and verified on the Stellarport decentralized exchange, now only at its pre-distribution, or pre-ICO phase. A true hidden diamond, with low profile so far. Experienced people clearly, and cool tech for decentralizing and revolutionizing global banking - their website at argentas.io.
The pre-ICO price is 50% cheaper than the ICO price, a sure winner IMO, and I will certainly get some. They also have an ANN thread, I think here https://bitcointalksearch.org/topic/xxx-4431900. I dug really deep in their content, and it is really cool stuff
But don’t forget your own research!
I have been recently following Stellar that is generally on the rise and the tokens issued on the Stellar platform - now there is a bump like in any cryptocurrency over the past few days, but generally Stellar is on the rise because of the prospective Coinbase listing and other advances. This will also boost tokens issued on the Stellar platform...
My most recent find among alts is AXU, "Argentas Exchange Unit" token issued on the Stellar platform and listed and verified on the Stellarport decentralized exchange, now only at its pre-distribution, or pre-ICO phase. A true hidden diamond, with low profile so far. Experienced people clearly, and cool tech for decentralizing and revolutionizing global banking - their website at argentas.io.
The pre-ICO price is 50% cheaper than the ICO price, a sure winner IMO, and I will certainly get some. They also have an ANN thread, I think here https://bitcointalksearch.org/topic/xxx-4431900. I dug really deep in their content, and it is really cool stuff
But don’t forget your own research!
Diversification of investment is my favorite strategy. The cryptographic market is a continuous market that is unpredictable. So, to limit the risk to my investments, market research, careful selection of investments and diversification of investment are the best solutions.
in the case of altcoin it is very tired we are waiting for its growth because I also have a lot of altcoins which are very cheap now, but I have never cared about it and continue to work as usual.
Well, when you focus on a job or as a girl you like, the attitude and the way you handle it will not be as wise anymore. Previously I checked the price of Bitcoin and the altcoin I invested, but now there is no longer
in the case of altcoin it is very tired we are waiting for its growth because I also have a lot of altcoins which are very cheap now, but I have never cared about it and continue to work as usual.
Better diversify on other investments than crypto - equities, forex, bonds and CASH of course.
Diversifying to max of 10 crypto related would be my recommendation.
Diversifying to max of 10 crypto related would be my recommendation.
This does not mean that you need to invest in one altcoins, because you need to do it in a few coins, doing the usual research!
Yes! diversification is a good idea, a good move a good way to secure what you have, so that you will not get hacked or scum with, specially now a days that you ned to secure all your coins for possible growth and potential and bigger profit someday, becuase if you do not do this you will end up crying at the end.
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?
Maybe sell away 50% of it and get potential good coins like zilliqa, stellar, policypal is also a good project to consider too.
Use diversification when investing in crypto currency is necessary, otherwise you can lose a lot.
You had to split the investment from the very beginning and buy coins of several projects. And now it's too late to sell.
Diversification makes sense for very early stage start-ups. And for lazy investors, who don't do their due dilligence.
If you have a lot of information (I mean more information than the market), you should be crazy to diversify and not go all in on the one project you are so ahead of evebody else.
If you have a lot of information (I mean more information than the market), you should be crazy to diversify and not go all in on the one project you are so ahead of evebody else.
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, even on the altcoin the bigger marketcap. Prices are always dynamic and volatility is very fast changing. So just seeing a coin grow bigger than the others doesn't mean that our coin will be the biggest in the future. Of course the division can be different, but still we should indeed share it.
It's a good idea to divide the investment into many cryptos, and my experience is not to put eggs in the same basket as just investing in crypto, this will be very risky. Therefore, if you have determined the investment in cryptos, you should choose at least three cryptos to invest in. Some potential cryptos at this time are EOS, Houbi, ADA, and TRX.
but in my opinion this is the same, when the BTC market is bearish, almost all other coins are also bearish. which is also likely to have an impact on estimated assets, we must know and be smart in predicting the current market course, only to minimize things that are not desirable. Not relying on one coin and divide with more coin choices is what I think is better
Of course, I believe that diversification is the best method to acquire long-term profits, the best thing is to have an investment in each of the top 10 coinmarketcap currencies to have a robust portfolio and go more secure in this unstable market, of course, the ideal would be to have all your money in one currency and wait for it to reach the moon, but I do not think it is a very realistic investment strategy, we would have a better chance of winning the lottery.
Jump to: