To survive in the volatile crypto market, consider the following strategies:
Diversification: Spread your investments across different cryptocurrencies and assets to minimize the impact of market volatility on your portfolio.
Diversification doesn't mean you need to invest your money in different cryptocurrencies. Remember the most liquid in the market is Bitcoin, so investing your funds in other cryptocurrencies means making your risk of losing getting higher. Instead, you can invest your fund out of the cryptocurrency industry. That is what we called true diversification. If you can see the picture: one basket is a cryptocurrency, another basket is on stocks, then another one is on gold. that is what true diversification means to me.
I would not really diversify my money or my investment in other altcoins, I prefer to put everything in Bitcoin, because we do not know if Bitcoin could have a strong fall, it is not exempt from it, that can happen, however we hope that it will not be like that, Now the only good thing I see about putting money in the altcons is that bitcoin becomes bullish and we have confirmation of such a trend, at that moment it is good to buy Altcoins because I am sure they can jump 2x, 3x, 5x, even more, and this is because I have seen it in the trends that Bitcoin has developed.
better yet, diversify your assets not only in bitcoin or crypto, but other assets like real-estate or precious metals. we know that crypto market is a very volatile one up until now. if you have tangible assets, you can still be at peace with yourself if the crypto market crash for a reason. hard to trust alts these days. if you will venture into alts, make sure you are keeping up with their developments, otherwise, don't touch this market.
Actually, I think we all always have a fresh start every day, because in trading you learn every day. I am a person who likes to read many books about trading, about the stock market, about any speculative market because I know that all the information that can be extracted from there is very applicable now.
In some books they always recommend diversifying your money, just as you say, I think that one of the best things that can be done is to diversify into Real Estate, Gold, and why not, have some Fiat money for any emergency, even sometimes even in any business you can put a part of the money.