How should i diversify my crypto portfolio? - page 3.

Questat

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Quote from: Morningstarr on August 27, 2022, 08:05:59 AM

Ethereum is not a bad or risky type of project to worry about But still, if you want to diversify your portfolio then BTC and BNB are best.

Bitcoin and binance are the best only for stable investment but not for how big profit that you will get it from investing on binance and bitcoin. ROI is too small for investment. He must also try to look at different field other than ethereum and bitcoin.
Bitcoin and ethereum are very mainstream investment in these days. Going to both for long term may be a good choice but not about going for short term investment.

Perhaps, it was the choice of the majority and I can't imagine why OP is trying to ignore it and curse them.
As we can see that despite the volatility of Ethereum, many people are still having the interest to invest and hold this for many years because they know holding this project is certainly profitable, unlike shitcoins and hyped projects.

Well, nothing to say about BNB, something it was worth enough to invest with. Keeping those on the top coins in the market is a good choice, can't deny it.

BuNga_cute

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Quote from: Ziskinberg on August 29, 2022, 06:29:26 AM

Quote from: Myrzapb on August 21, 2022, 05:08:22 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

Well, it was too risky investing in a single coin, you need another one or even more to accompany it and of course, for some profit assurance, if ever you lose in one project, there is another to help it recovers fast.
You can retain ETH in your list but you have to add another coin. This is a common practice of the investors, I guess we need to apply this as well to ourselves knowing that it certainly works for the majority.

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.

Ziskinberg

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Quote from: Myrzapb on August 21, 2022, 05:08:22 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

Well, it was too risky investing in a single coin, you need another one or even more to accompany it and of course, for some profit assurance, if ever you lose in one project, there is another to help it recovers fast.
You can retain ETH in your list but you have to add another coin. This is a common practice of the investors, I guess we need to apply this as well to ourselves knowing that it certainly works for the majority.

kapalmabur

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Quote from: SistaFista on August 28, 2022, 10:39:00 PM

Usually, the dropping and rising price in cryptocurrency is very common and temporary because the high volatility.
What we can do is minimize our loss by not putting our money on a single crypto coin.
Beside ETH, there are some other alternate good coins to buy such as BNB, MATIC, SOLANA, etc.

It also makes it difficult to predict crypto price movements and people who have been here for a long time are already familiar with it,
every trader does need to do that and they also have their own way of minimizing risk,
the coin you mentioned is also a good coin and has the potential to continue to grow

MFahad

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First of all divide your portfolio into twor parts. First to invest in current Market while hold for next dump.
First Part also should be divided into three parts
1: 50% for Low Risk Coin like BTC , Ethereum,Matic and Cardano
2: 20% for High Risk Coin like Shib,Ape and Dogecoin
3: 30% for Next Trend coin like Sand,Mana,OP and Lido

You have not mentioned how much fund you have, if you write it will be more easy for us to give opinions.

SistaFista

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Usually, the dropping and rising price in cryptocurrency is very common and temporary because the high volatility.
What we can do is minimize our loss by not putting our money on a single crypto coin.
Beside ETH, there are some other alternate good coins to buy such as BNB, MATIC, SOLANA, etc.

Orange89

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That's why SIP is Very important for SIP let's say you have 50$ DON'T invest whole money Try to invest 10$ wait for a month then invest another 10$ and ... In these way we can get the Minimum lose
And why are only Investing your money in Eth you can diversify your portfolio into different coin so that if some Hack or Exploits such thing happen then you may not lose all your money You can take the help of Various Platform to find the low marketCap coins like Coinmarket Cap , Coingecko... To diversify your portfolio

pieppiep

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Quote from: iv4n on August 27, 2022, 11:35:42 AM

Quote from: pieppiep on August 27, 2022, 10:56:55 AM

To diversify your crypto portfolio, you should buy coins that have a chance to go up but you have to research which coins have that chance. If you don't research or analyze the coin, you probably won't have that chance because every coin on the market has an equal chance of increasing. You must be aware of this to choose the right coin for your investment.

But which coins have a chance to rise in price? Nobody knows! That's why it's important to do at least some research, to check for yourself what's behind some project... It would be so easy and simple if we would know which coin will go up in the future, I guess we would stack that one until insanity, selling everything we have and waiting for the bullish periods!

Diversifying means choosing multiple investments instead of going all in one! I guess many coins and tokens have potentially great futures, but nobody knows anything for sure! It's why people need to be ready to take some risks and get into what they believe, not what they heard from others, we should make our own choices and simply trust them!

As long as you only choose bitcoin, you can expect to make profits in the short, medium and long term. But if you want to buy an altcoin, maybe you can analyze and research the list of the top 50 coins on CMC or CoinGecko because I see the potential for it to be bigger than the coins outside that list.

Choosing coins will never be easy because each coin will provide information that their coins will increase in the future. But in reality it won't be because only coins with strong support will really have the potential to go high in the future. So we have to analyze the coins one by one to find the right coin before buying.

iv4n

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Quote from: pieppiep on August 27, 2022, 10:56:55 AM

To diversify your crypto portfolio, you should buy coins that have a chance to go up but you have to research which coins have that chance. If you don't research or analyze the coin, you probably won't have that chance because every coin on the market has an equal chance of increasing. You must be aware of this to choose the right coin for your investment.

But which coins have a chance to rise in price? Nobody knows! That's why it's important to do at least some research, to check for yourself what's behind some project... It would be so easy and simple if we would know which coin will go up in the future, I guess we would stack that one until insanity, selling everything we have and waiting for the bullish periods!

Diversifying means choosing multiple investments instead of going all in one! I guess many coins and tokens have potentially great futures, but nobody knows anything for sure! It's why people need to be ready to take some risks and get into what they believe, not what they heard from others, we should make our own choices and simply trust them!

pieppiep

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To diversify your crypto portfolio, you should buy coins that have a chance to go up but you have to research which coins have that chance. If you don't research or analyze the coin, you probably won't have that chance because every coin on the market has an equal chance of increasing. You must be aware of this to choose the right coin for your investment.

Ben Barubal

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Quote from: Myrzapb on August 21, 2022, 05:08:22 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

In my study through google search, we have many options to choose cryptocurrencies besides Bitcoin and ETH. From what I can see, it looks like you just poured your capital into a coin like ETH which is currently down a lot in the market due to volatility.
And no matter what cryptocurrency we buy, there is always a risk or gamble involved because of the volatility they have.
Maybe, the best thing to do is to check and find out the top 10 cryptocurrencies and choose the ones that you think will give you more profit in the future.

Morningstarr

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Ethereum is not a bad or risky type of project to worry about But still, if you want to diversify your portfolio then BTC and BNB are best.

Wong Gendheng

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The easiest thing is that we choose the biggest portion that we rely on, do not share the portion of assets evenly because we will be difficult to save assets when it happens, because usually cryptocurrencies have the same trend or price graphics and depending on top coins like bitcoin and eth.

ninoZNT

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You should also buy some Polakdot because Gavin Wood is a really good coder and participated in launching Web3. Polkadot is Web3's official cryptocurrency and Web3 will be huge.
Better don't miss such a gem.

Fara Chan

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Yes OP can choose potential altcoins over the top 100 coins on coingecko and you should allocate them appropriately to both minimize risk and maximize profits. In addition to eth, OP can add bnb, sol, dot, matic. we have a lot, choose depending on OP's preference. If you want to be more secure we have bitcoin.

Exactly my friend, the OP has an important role here, depending on the understanding you have, if a certain coin can provide a suitable return, then he can take part in it, the decision greatly affects the success rate.
BNB, Sol, Dot, Metic can be chosen, but I prefer BNB for the main investment, maybe later it can be converted as needed, other coins that you want to invest

XwWnu

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diversification is indeed a good thing in trading, especially investing, it is highly recommended,
because diversification can minimize risk, of course if you want to diversify your portfolio,
you only need to choose 3 coins, because if you diversify a lot of coins in your portfolio, you will be confused, I guarantee that

Inwestour

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Quote from: bitkanu on August 26, 2022, 10:22:00 AM

I think that you shall not include EOS in the list. This project is almost die. I think that EOS must be replaced with a better coin other than it. I can't agree with it. The rest was good to be used as investment but it's not for EOS. The fact that if EOS didn't even surge.
This coin almost become a forgotten coin. EOS is not worth anymore to be used as a way to invest your money.

EOS is a forgotten coin by many, I noticed such a trend that when the majority loses interest in a coin, then it happens that it can grow well. But I would not include it in my portfolio, I am now leaning towards the fact that only bitcoin can be held in a risk-free portfolio, and as for altcoins, I still think that you need to be very careful, at least until a bull market will start and we will see which of them is able to rise.

bitkanu

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Quote from: tobi4255 on August 24, 2022, 07:19:24 AM

I am always checking the top 100 altcoins and researching among them. There are so many potencial altcoins. It's better to invest in many altcoins rather than the only one. I diversified 75% of my fund with BTC, ETH, LTC, EOS, BNB, ROSE, and DOT

I think that you shall not include EOS in the list. This project is almost die. I think that EOS must be replaced with a better coin other than it. I can't agree with it. The rest was good to be used as investment but it's not for EOS. The fact that if EOS didn't even surge.
This coin almost become a forgotten coin. EOS is not worth anymore to be used as a way to invest your money.

Jawhead999

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I will say diversify crypto portfolio is really a bad idea since crypto market are mostly depends on Bitcoin, if you have bought 10 coins and the market is dump, 9 or all of your coins will dump too. But if you want to diversify your investment portfolio with other assets e.g. gold, real estate, stock etc it's a wise idea since each assets have different characteristic and market. So if gold price is decrease, you still have Bitcoin, real estate and stock that would cover the lose.

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Quote from: Myrzapb on August 21, 2022, 05:08:22 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 an altcoin so no surprise that it's more volatile than Bitcoin.
You said that you gambled in ETH. You must be ready with the huge drops and at the same time, be ready if there is a huge price spike up.

How should you diversify your portfolio? What will I said will be just my preference and I know that others have different strategies in how they are diversifying their money.
50% BTC
30% ETH
10% other top 10 coins
5% top 50 coins
5% meme coins or more risky coins that you want to gamble your money with.

Like I said, that is my preference and others are doing differently. BTC and ETH are the ones with most allocations because they have been there all the time. They are at the top 2 spots in market cap for a long time and whether it is a bear market or a bull market, they stayed at the top so I think investing in both of them is a good choice. You can copy mine or others depending on the amount of money that you are willing to invest.

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