How should i diversify my crypto portfolio? - page 2.

OrangeII

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

Putting all your eggs in one basket and looking after its price all the time will only cause you a lot of stress. You better divide your funds at least into three or four and buy potential coins which are worth holding and has a huge chance to reach a good value in the future. Bitcoin and BNB are other good choices.

In fact, bitcoin, ethereum, and bnb are pretty good at asset sharing if you feel that putting everything in one basket is stressful and can also cost you a lot of money. Besides, if the three coins are not so good for you, you can still choose the popular coins in CMC. very many coins that still have a fairly cheap price, but have great potential in the future. however, you can do it yourself. I only recommend 3 coins or tokens to hold, because if there are more than that, it might be more difficult to manage.

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Quote from: Pterosaur on August 30, 2022, 05:29:10 AM

90% in new altcoins and 10% in BTC, this could sound crazy but you will triple your investment this way, every year that bull market comes almost all the coins and tokens in top 20 gets replaced by new altcoins, that's the key, find new projects that solves the problem of old top ranked altcoins and you will make incredible gains.

New projects that solve the problem is a utopian thinking and is never real. The coin that has solved a problem is actually the top coin in the entire crypto space, bitcoin. None of the other coins has been able to solve a real life problem but only beat around the bush. Cryptocurrency is not a silver bullet to every problem.

Newly launched altcoins are worthless if you are investing in them right at launch. Going in 90% is suicide. I hope you know what you are doing, because even we older members who have been watching altcoins for years, would never recommend it.

If it was so easy to triple your investment, there would no longer be so many poor people in this forum or elsewhere.

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

It's not gambling, you just made a common bad decision made by a new investors. My advice would be to think again how much could you afford to lose? If you think you already lose too much, holding is not a good option, you will only sell your ETH when the price go deeper because afraid that you would lose more, you wont make it till the price go up again, than it might be a good idea to sell some of your ETH and start diversifying your portfolio, buy 3 - 4 other coins. If you think you could afford to lose more, than you holding it will be better, because sooner or later the price will go up again, you just need to stop checking on your portfolio everyday.

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When it comes to diversiying your crypto portfolio there are some things I like to have in the mind. First of all I like to have crypto that is mainstream and not a 'pump and dump'.

We all have crypto portfolios with coins that serves no purpose other then they were free or marketed well but we still hodl them with hopes they make extreme gains and fast money will reward us. For me its the big 3 of bitcoin, ethereum and bnb for new investors.

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

I think that Bitcoin and Ethereum are the worthiest cryptos to hold. If you are going to diversify your assets, Bitcoin should have the biggest portion. Then followed by Ethereum itself. As long as you are not putting other shit articles, I think that these two cryptos are very worthy. But if you want more altcoins, just analyze first from the top altcoins. It is not guaranteed of course because a big or top coin like LUNA could also crash and have value. So, this needs high carefulness when going to invest and keeping altcoins for long-term holding.

Quote from: bocyaj on August 29, 2022, 05:42:34 PM

The remaining money should be diversified to 10 trusted altcoin.Or else, you split the second 50 percentage into two half. First half tends to the most traded altcoin and second half will invested in good tokens.

Seriously?
What altcoins are they? It is too much in my opinion and spreading money to too many altcoins will bring higher risks. Moreover, if he chooses hype coins or tokens, very high risk. For, not all people are aware and qualified enough to pick the right token, buy and sell in the right time. This is higher risk

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

You need to allocate your portfolio to different asset classes, ranging from stablecoins to classic assets that have proven themselves in the market for a long time, such as BTC or ETH. Stablecoins are sure to be useful for redeeming suddenly cheaper projects you're following, or those projects you already have in your portfolio. Don't forget about young projects. They too should be added to your portfolio for diversification, because young projects grow faster than older projects.

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Quote from: tvplus006 on August 30, 2022, 08:22:13 AM

Quote from: Pterosaur on August 30, 2022, 05:29:10 AM

90% in new altcoins and 10% in BTC, this could sound crazy but you will triple your investment this way, every year that bull market comes almost all the coins and tokens in top 20 gets replaced by new altcoins, that's the key, find new projects that solves the problem of old top ranked altcoins and you will make incredible gains.

Undoubtedly, investments in altcoin can bring much more profit in the bull market than bitcoin. But this will happen only if you have correctly chosen altcoins for investment, which is sometimes difficult to do without having the necessary knowledge. And if your choice turns out to be wrong, then instead of profit you will lose your money.

That is crazy but that is what I see during the last bull season. It was just to happen that there are more hypes coming to altcoins that could bring more profit to the investors, even shitcoins are still profitable during that time. But as we are facing this bear season, we can't expect altcoins to give us more returns. However, holding potential coins ready for the upcoming bull season is really a good idea, we can just think about x3, x10 - that can be possible if we are too lucky to sell them.

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if you invest without using analysis and especially if you invest short term of course you will feel this is the same as gambling. actually investing in ETH is the right choice because ETH is the king of altcoins and investing in ETH has a lower risk than investing in other altcoins. but even so you also have to do an analysis to determine a good point to buy, especially when the crypto market is in a bearish phase.

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Quote from: Pterosaur on August 30, 2022, 05:29:10 AM

90% in new altcoins and 10% in BTC, this could sound crazy but you will triple your investment this way, every year that bull market comes almost all the coins and tokens in top 20 gets replaced by new altcoins, that's the key, find new projects that solves the problem of old top ranked altcoins and you will make incredible gains.

Undoubtedly, investments in altcoin can bring much more profit in the bull market than bitcoin. But this will happen only if you have correctly chosen altcoins for investment, which is sometimes difficult to do without having the necessary knowledge. And if your choice turns out to be wrong, then instead of profit you will lose your money.

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90% in new altcoins and 10% in BTC, this could sound crazy but you will triple your investment this way, every year that bull market comes almost all the coins and tokens in top 20 gets replaced by new altcoins, that's the key, find new projects that solves the problem of old top ranked altcoins and you will make incredible gains.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

Rather if you did the same with bitcoin you might have had better outcomes.

However I must clarify one thing - any top coin on CMC or CG list can be a profitable coin if you get in at a low price. Possible that your buying price was much higher.

So instead of diversifying the number of assets, you should diversify the positions of the same coin. Buy the same at lower price and wait for the price to rise so you can sell.

You can also buy Bitcoin, but since your reserve money might be low at this point I would not suggest it as the first step. This can be done when you get your next salary. Please do keep an eye on charts and buy accordingly at low price, otherwise don't buy.

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The main goal of diversification is to share the risk by investing in multiple coins. for the distribution of the portion of the funds we invest, of course, varies, according to the level of risk of each coin. in this case money management is needed, to maintain our psychological stability against price volatility. Of course, the BTC and ETH coins are the biggest ones to invest in, and the others are according to their respective analysis. and I warn you to focus on long-term investment until waiting for the bullish season, so that we are better prepared to hold it, if the bullish season comes sooner, that is a bonus for us.

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Quote from: Luqman on August 29, 2022, 07:44:24 PM

Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

What is your purpose for investing? Short-term or long-term? This is currently still in the bearish era so the price of all coins including the top coins is still decreased. That is why one of the strategies to be implemented during this bearish era is by letting our portfolio and adding some top coins if possible. Diversifying in crypto investment is important. We can diversify into some options. But the most crypto to invest in and have is Bitcoin at first. Then, followed by ETH and other top coins. I am sure that althought hey are still dropped right now, they will be able to srvive and the rise up again in the enxt bullish era.

Accumulation is the key since everything is really cheap compared on previous months which it is really just dumb that you wont really be having considerations on adding up some coins on your port.

Well, this do vary on someones financial capacity since not all does have the money on doing so.Therefore, you should really act accordingly on whatever risk management you do really have.

Diversification is best but not all does have the capability on doing so thats why it do really limits out possible profits on someone that might able to take.

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

What is your purpose for investing? Short-term or long-term? This is currently still in the bearish era so the price of all coins including the top coins is still decreased. That is why one of the strategies to be implemented during this bearish era is by letting our portfolio and adding some top coins if possible. Diversifying in crypto investment is important. We can diversify into some options. But the most crypto to invest in and have is Bitcoin at first. Then, followed by ETH and other top coins. I am sure that althought hey are still dropped right now, they will be able to srvive and the rise up again in the enxt bullish era.

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If you diversify the income into Ethereum and Bitcoin is not the good option. Because the dump and pump in both this coin will occur in same time.When we inverse 50 percentage of money in the Bitcoin or Ethereum. The remaining money should be diversified to 10 trusted altcoin.Or else, you split the second 50 percentage into two half. First half tends to the most traded altcoin and second half will invested in good tokens.

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Quote from: BuNga_cute on August 29, 2022, 07:44:31 AM

In any investment, we should never spend our capital to buy only one asset, it is too risky to do. As many experienced investors say, never put all your eggs in one basket. This means that investment diversification is very important to reduce our risk when investing. As you have explained, suppose we invest in several coins, if we lose from one coin, we can make profit from other coins. Although ETH is indeed a safe project for investment,
but it would be much better if we also invest in some other coins. What is certain is not to list too many of our portfolios, because too many will be difficult to monitor and ineffective in generating profits. I think 3-5 coins are enough for investment diversification, make sure the portfolio list contains potential coins. My advice is to avoid investing in new projects or shitcoins, that's a very high risk and will likely only make us lose money.

I would go against this, I would guess that we shouldn't be really assuming that we could be investing just on bitcoin. I mean think about it this way, there is a chance that bitcoin could be your only ever investment and still would make you a lot of money. That's why I believe that we shouldn't be worried about it, bitcoin is the king. I get that gold, stocks, forex, oil, real estate, not anything could be just "one" investment.

But at the end of the day, we can have bitcoin alone and that would be a great deal, it could make you earn a good amount of money and that could make you a rich person. I am not all in bitcoin, but I could be and I would be fine with it.

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

The market sell off is didn't affect you only, it has affected everybody, the reason why Ethereum is dumping right now is that some people are speculating that the merge may not go successfully and the traders are selling, and bitcoin is also dumping since last week but holding Ether is not bad for your portfolio, it will grow very well in the future.
If you want to hold or diversify your portfolio, add Solana, Avalanche, Fantom and Harmony, those are the layer 1 protocol projects that will become the future of cryptocurrency because they are the one that follows Ethereum right now and not shit coins.

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

If you were not already Invested in Ethereum, you would have had at least not less than 50% of your investment in Bitcoin however since we are already here, Ethereum is also a good coin for investment when talking Altcoins, and don't bother about the current downtrend of the market, as long as you didn't sell you are good till the bull season. I understand it can be depressing at times seeing your investment going down it would have been the same with Bitcoin cos every coin is experiencing this right now.

Only crypto newbies will feel depressed when their wallet shows less value because of bear market, I have been into crypto for long term and the fear of losing money made me lose good opportunities, I will look for more money to buy dips instead of worries.

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When there is decrease in the value so you can never make an idea in which you will face loss, you will never want to drop your money. So in order to reduce your risk there is an option to divide your cash and put differently in different sort of investment, you should use distinct strategic plans. You should choose coin which is good in giving payback, selection of distinct projects and distinct coin will aid to overcome your loss.

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Quote from: Myrzapb on August 21, 2022, 06:08:22 AM

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

If you were not already Invested in Ethereum, you would have had at least not less than 50% of your investment in Bitcoin however since we are already here, Ethereum is also a good coin for investment when talking Altcoins, and don't bother about the current downtrend of the market, as long as you didn't sell you are good till the bull season. I understand it can be depressing at times seeing your investment going down it would have been the same with Bitcoin cos every coin is experiencing this right now.

With the exception of Bitcoin, if you buy any altcoin now, you will be in the same position as if you held ethereum at this time, perhaps even worse. Ethereum is a good enough investment, I think OP doesn't need to diversify his portfolio with other altcoins, if OP still wants to diversify then bitcoin is the best choice. We are in a bear market so all fluctuations are normal, everything will settle down soon so don't worry too much. Be consistent with your choice.

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