Hi guys!
Just wanted to know how many cryptocurrencies you're invested in? And with what percentage of your portfolio (No need to mention the amounts involved, if you don't want to). Just want to get a general sense of how everyone's diversifying their crypto assets.
These things are personal and you don't need to make your investment based on what other people are doing. It's up to you to do your own research with the help of a mentor and chose what to invest in. But whatever you choose to invest in, don't invest with more than what you can afford to lose. It's very important to avoid saying crypto is a scam at the end.
I don't spread my crypto investments around. Bitcoin's my main squeeze. I'm bullish on its long-term prospects, but I poke around for new openings now and then too. Diversifyings not my style. I'd rather go all-in on a couple ventures I have faith in. I do my homework and only buy into ones I think can go the distance.
I must confess that I admire your energy and courage to put your egg in one basket but I need to ask you this few questions. Like are you prepared for the possibility that you may lose everything if your chosen ventures don't pan out? Again, you mentioned that you have faith in the ones you choose while I believe you know there are never any guarantees when it comes to investing. So, are you also comfortable with the risk involved?
I also have faith in Bitcoin but I still believe in diversification because even if you've done your research and you're confident in their prospects, there's no way to be 100% sure that they'll perform as you expect and you might miss out on other opportunities if you put all of your eggs in one basket. This is my opinion after all.
A very bad idea indeed on which you would really be trying out to follow others calls or others way of investing on which on the time that it would really be making some negative then you would really be starting on having those kind of regrets on which it would really be just that right that you should really be that depending or would really be basing up with your own analysis and preference and even if it would turn out to be that a loss or negative then there's no one you could be able to blame on and its just right that you should really be that doing on your own rather than on following someones calls. It would be always that better that you should really be that sensible on the things that you are doing. Its not bad to look up into others trades or investment because if you do make yourself that relying on them then
you would really be copying them until you would really be able to realize that it wasnt the right choice to make.
Diversification would really be that always best when it comes to investment but this is only good for those who do really be able to take up some risks but for those who do really likes for you to have that lesser risks then it wont really be that bad on diversifying your portfolio so that you could really still have the chance for you to recover if ever you would really be able to fail on. This is what
others do prefering into and this is why they would really be sticking into those reputable or known or mainly supported coins which is Bitcoin.