Hello everyone!
I am talking to quite a few people who are investing in crypto and notice that very few have a broader investment spectrum. People either focus on ICOs, some small caps, others play it safe and stick with the high caps or established projects.
But hold on, is the later really playing save? In my view, even with high caps you will still be massively exposed as you have all of your eggs in one basket. Namely in the same market. Different eggs in size and colour but all eggs. If the basket falls, your eggs still get crushed.
As mentioned before, I am trading stocks for over a decade and crypto since last year. I also agree that is easier to trade stocks, simply because the volume is so high that a few whales or big investors cannot influence the market as easily by dumping their shares. The stock market is also much more regulated, if someone is being caught doing washtrading or spoofing the consequences are dramatic. In the crypto world manipulation is something that poses a constant threat. Just look at the market now, the recent dip is not tight to any event, news or even fud. 25 billion just disappeared and people are wondering wht‘s going on.
Long story short, it‘s great you have a diversification plan but also think about moving assets from crypto to fiat, stocks or raw materials and precious metals.
What is your view on that?
This is a very ignorant post. You automatically assume that everyone on this board comes from a financial viable backround. Not everyone here is from first world countries.
The crypto community is a very diverse community, being made up from people around the farthest reaches of the globe. Crypto is all that some people have to look forward to. It brings a somewhat decentralized structure that opens the gates that were previously closed to many, who have little to almost no access to other forms of investments. Many platforms for investment have a high bar/threshhold set in place that many can't reach, do to lack of income. This is what makes crypto unique and somewhat universal. It gives the poor somewhat of a fighting chance, even if it's a small chance.
Many are from poor foreign 2nd and 3rd world countries, who feel blessed to even have the opportunity to earn in this community. For some, this is the only basket of eggs available. Before they didn't even have a basket to put there eggs in.
This isn't an attack on your character brother, I am just saying, there's more to the story than meets the eye.