Diversifying is a tool for minimising the loss and every successful business do it.
You need to have an strategy to make a profit in crypto trading. Emotional buys and sells would lead you to loss.
Keeping a track of all those investment manually would be hectic so you should automate most of your coins according to your strategy.
Topic: Should We Diversify Our Investments? - page 8. (Read 1444 times)
Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.
as we all know, the more choices you make the more opportunities you get. it's unwise to expect one project to provide you with everything you need. make changes, make new investments just for fun of it and see what happens
Yes, I do think it is important to diversify our investments. In my case, I hold crypto coins and stocks. IMO, it is good to hold crypto coins that have potential to grow. So it is difficult to determine the number of different coins to invest in.
Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.
Most of the household name cryptos are good for long term holding and will grow as the market participant numbers increase.
In order to put yourself in a position to receive a happy surprise or two someday, one must invest in alternative currencies. When the fiat crisis hits, projects which are established at the time will find themselves cash rich as the masses pour anything they've got into gold, silver, and crypto.
Of course one must do their own research, but a good place to start are the ICO rating sites. Read them all if you can. You will find a lot of cut and paste work associated with this crowd, but one or more sites are bound to have the tidbits you are looking for before placing money in someone else's hands.
Also, one last thing. As the crisis begins to hit and cryptos start to take off, there will be a time early on in the process where most cryptos will overshoot their true values and that will be the time to unload a portion of your holdings.
Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.
I think the suggestion for Investment Diversification is the best advice for investment, because this is the experience of many people who have succeeded in crypto investment, so it is better to use this method, because it is effective to avoid losing your money completely.
This depends on your investment taste. If you think that you are good with diversifying then you have to diversify but there are investors that having bitcoin only investment fits them.
Some investors who diversified that much are making a lot of frustration because they allocated too much money with altcoins. Like what I said this only depends on your taste. Crypto's aren't the only place that you can diversify, you can also get into real estate, stocks and etc.
Some investors who diversified that much are making a lot of frustration because they allocated too much money with altcoins. Like what I said this only depends on your taste. Crypto's aren't the only place that you can diversify, you can also get into real estate, stocks and etc.
Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.
If you want to invest in this market, you will definitely be guided not to invest all your assets into an altcoin. So let DCA capital and invest in many different altcoin, and you need to be in control of all that, It will make you safer in this market
Of course! This rule does not apply only to cryptocurrencies, I mean that investors investing into many stocks, bonds, gold and so on to cover all sectors.
So if you want to invest into crypto - buy Bitcoin, other promising altcoins and rest money invest into classic market.
So if you want to invest into crypto - buy Bitcoin, other promising altcoins and rest money invest into classic market.
All possible reasonable strategies require diversification of assets. There is too many options that any asset could decrease sharply and if all your money is in this asset - you will lose a large amount of it.
Well always stick to the basics, so according to that you should definitely diversify but personally i will suggest you to diversify if you have decent or big capital, if you have only small money to invest then it is suitable to only invest in one or two like btc and eth.
In my opinion, it all depends on someone's (investor) strategy or plan. Indeed, if calculated in one place is more uncomfortable. It would be better to put it in several places, to anticipate if there is one that fails, then there will still be another opportunity. And even then it must be based on mature calculations, not just speculation.
Diversified investment strategy is still more important. They should invest in rules according to their own funds. List details. Check daily investment strategy. Keep pace with market changes and make reasonable investments.
Diverse investment is one of the strategies of some investors here in cryptocurrency. In this tactics, better to distribute properly the amount of investment with bigger percentage on significant coins and smaller percentage on high potential coins. Considering this, investors are targeting higher profit but with higher risk.
Absolutely yes. We must diversify our tokens in order to manage our money, coins, and control our portfolio. Additionally, diversifying our investments will minimize the risks of losing our money. We can diversify from some coins for hodl and trading. There will be so interesting if we have understood how to diversify our investment wisely.
I think that's an essential strategy if we want to have any kind of profit in this market, with the constant volatility that exists now, and we don't really know which currency will change price overnight, the best thing is to have eggs in several baskets, so do most successful investors and that's what we should do too.
Investment in general need diversification of portfolio to suit the rules and regulations guiding the principle of gain(Profit). Haven all investment into one basket can be risky and might end in looses. In my own view, i personally diversify my portfolio in order to make huge gain (ie) to maximize profits. Nothing is rewarding than diversification of portfolio in any investment.
Diversity is one of the major investment keys, but this should be done with the proper knowledge and information. This does not apply to crypotocurrency alone. One should equally invest in other products be it physical and online. This is for the singular reason that no investment is absolutely guaranteed. So at any moment, there should be a particular investment yield that will compensate for the loss of the other
Diversification is must if we want to reduce loss in crypto world. It is suggested by many expert investors so we should always diversify our investment.
Achieving success in anything is ultimately a numbers game where failure is inevitable. Always diversify investments unless you have some insider knowledge. There is nothing more stressful than being dependent on any unpredictable entity for sustenance.
Diversification is the most important rule of every investor. Without divesification of your funds, you will lose a lot of money and it helps to minimise the risks of bad investment. If you take part in 10 projects and 2 of them turn scam, you will still get your profit.
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