Actually, it was not advisable especially when you are investing altcoins unless if you are buying BTC or ETH that has already been tested.
I know there is no easy money in here, that how it important to choose the best project to invest if possible in order to get assurance for market gains. Because once we got mistaken, no doubts it leads us to losses and disappointment. We don't want it to end like that, for sure.
I understand you are more suggesting investing in coins that are proven to be safe, like Bitcoin and Ethereum which do have the best
performance compared to other coins. That way you can guarantee getting profit and avoid losses, what you are saying is not wrong.
But sometimes in life we have to be more willing to take risks to be successful.
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I agree that the focus on investing only in one coin is indeed very risky, because if the coin we are holding turns out to fall in price quite deeply,
then the losses experienced can be very large. But by investing in more than one coin, when one coin falls, not necessarily the others fell. Especially
if some of the coins we hold go up all the prices, the profit generated can be very large. It's true that ADA and XRP are very good projects to buy
right now, both of them have performed very well this year.
we have to diversify our portofolio , dont all in our money in single coins its very dangerous when it be scam project. we can imagine all of our egg in our bag broken in basket. holding various coins will distribute risk that may occur in market, some coin maybe in loss but another could give us profit. ADA and XRP were good coins and they should in our bag.
Actually, there is no need to diversify our portfolio, we can be safe investing and can generate profits. The most important thing is which coins
we will buy, if you buy top cryptocurrency there is really nothing to worry about. Because even if the price drops, top cryptocurrencies recover
faster. So there is always a strategy to be able to make profit in the crypto world, depending on which strategy is comfortable and suitable for
us to use.
