How should i diversify my crypto portfolio? - page 6.

cryptoperkele

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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

Sounds like you answered your own question. If you want stability, invest less volatile coins. That on the other hand brings less profits as well if you don't know when to enter or when to exit. Also there's time frame. You should invest in terms of years, and not to panic for first real bear.

Dollar_Hunter

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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

oh yes of course, diversify is very necessary in the world of trade and investment,
not even just in crypto currency, it can also be used in the stock market, because it can minimize risk.

SquirrelJulietGarden

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

How should i diversify my crypto portfolio?

Crypto market means risky and diversify your portfolio in crypto market is risky too.

Quote

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

Don't invest all money into anything. Never.

Don't keep all your money in fiat currency. You should diversify it into gold and other things like real estate (if you don't invest in crypto).

With cryptocurrency, Bitcoin should be your first one for your portfolio. Next one is ETH by that I mean you chose a good one but a little bit bad because you put all money in ETH.

A next one is BNB. I think fiat currency, gold, Bitcoin, ETH, BNB are good for your portfolio. Don't diversify more in more altcoins. You will lose money with altcoins.

palle11

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

How should i diversify my crypto portfolio?

Buy bitcoin to add to your etheruem, buy more bitcoin, buy more etheruem and you are fine like that.

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

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

You will be gambling more if you were investing in altcoin that is not etheruem. Etheruem is also as reliable as bitcoin so hodling it is lesser risk to shit coins. The volatility is all over including bitcoin, it also give you profit like it drops your profit. If you don't like the volatility then you don't need to invest in cryptocurrency or you only hodl in usdt.

ethereumhunter

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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 with its high volatility

You just need to buy other coins as your investment. But to choose this potential coin, you have to do some research to find the right coin. If you just invest in crypto without doing research, it's the same as gambling and you probably won't be able to profit like everyone else.

Maybe you should try investing in bitcoin and try to buy more bitcoins if the price drops. But before investing in crypto, you should know how much money you can invest and don't spend all your money on it.

passwordnow

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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 with its high volatility

Just choose bitcoin and make a big portion of your portfolio there. Next is ETH and you're doing it right. You don't have to diversify a lot as long as you've got the best in the market.
Tell us how much capital that you're longing to diversify? Because if it's not that a lot then you should just pick bitcoin instead and just leave it there but if it's really a lot, follow the first advise that I've said.

Strongkored

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

How should i diversify my crypto portfolio?

diversifying looks good because it means you don't put all your eggs in one basket but this thread explains very well that it can also be dangerous Is diversification into different coins really a good advice for Newbies?
but this is for bitcoin lovers not altcoin holders

Oshosondy

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This should be in altcoin discussion so far you are holding ethereum.

This is unrealized loss, I will not advice you to sell for now if you are capable of holding it for like a year or two. Holders make profit because they did not sell when they are losing, just like Microstrategy.

Know that altcoins are riskier, I prefer bitcoin, but ethereum is not bad among altcoins. Know that altcoins holding is like you are gambling, I can not advice anyone to hold altcoins.

Myrzapb

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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

Topic: How should i diversify my crypto portfolio? - page 6. (Read 885 times)