Do we need to diversify?

[[ProTrader]]

Why do we need to diversify our holdings? why we just all in in one coin to have a one time bigtime profit.

We need to diversify to get a better profit and to fasten the growth of our portfolio. It also lessen the risk of losing because the market is very volatile. It will also increase the potential to make more money with this strategy.

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[lovemsngr]

In my portfolio, the main coins are Ethereum, Cardano and NEO. Because they are really promising. I'm looking forward to the Ethereum for $ 1000 by the end of the year.

[baricuri]

If you diversify will make you a lower profit, dare to take risks, that is my personality, I always invest a lot in a coin and hope they rise I will take up, So if you choose more coins to reduce the risk, they can not make a high profit for you.

[leekhanh197]

This money is still a lot. If you choose the right investment, you can bring a lot of benefits. Bitcoin and Ethereum are definitely good choices if you look at the long-term risks. You can also choose to invest in altcoins such as EOS, ADA, XRP, etc.

[leow]

It is dangerous to invest in only one facility. Even if the asset shows itself to be super-reliable and profitable, alternative assets are needed. After all, anything can happen. Therefore, all effective investors use diversification of investment risks. Ideally, the risk reduction should have minimal impact on the portfolio profitability.

[dinar99]

Why do we need to diversify our holdings? why we just all in in one coin to have a one time bigtime profit.

To explain better we should have thoughts about the balance and the idea of ​​eggs in the basket can help, so when we put all our eggs in the basket and when we lose or something wrong frustration always comes up.
We do not need to follow any concepts or rules, we just follow the facts tested several times. Diversification is a way to gain alternative benefits and avoid frustration. that's my opinion.

[mstfprcn]

The market is unstable, so it is worth doing it, so we could always stay with their savings, if there is a decline in the rate of one or more of the coins.

[KaramazovBro]

Of course, you can not invest all the money in one coin (for example, the etherium). It is better to buy a few coins and thus protect yourself from risk. But now the whole cryptomarket depends on one coin - bitcoin. If it falls, then the whole market is red.

[Cryptomonyet]

you need diversity because you know the risk, you do it to minimize the risk. What will happen if you just hold 1 coin ? you can't estimate it's will moon or dump. you can make big profits or bigger losses if you only hold on 1 coin. so, hold diversity coin is more better to avoid your losses or your stresses.

[Carwyn Young]

I think if you just invest in a single thing that is a high risk high reward chance maybe you can earn a lot and also you can lose all of it. Diversify is a way to lessen the risk on investment by doing this technique. There is a assurance that if a single coin drops you still have a second option this strategy is useful and not greedy. So it is really important to diversify.

[Korkorjkk]

When yiu diversify, it gives you the chance of enjoying benefits and losses at different avenues. If you put all you eggs in one basket, when the losses come, you will loose greatly.

[ivanleon]

No one forces to diversify risks, you can keep everything in one coin. That's just, as the proverb says, you do not need to put all the eggs in one basket.

[frediiii]

I prefer long-term investment because the relative stability in the market can get a good profit. So I don’t think it’s worth to diversify

[NeedIfFindIt]

I do not think that in such an unstable market it is worth counting on new coins because they are mostly not reliable.

[Balab01]

In order to get a good profit is worth concentrating on a few coins. I think that Ethereum is a good option.

[Spice_Joy]

If you invest your money, and do not diversify, you risk that if something goes wrong, lose everything you have. This is a completely vain risk.

[mr771499]

Diversifying is a very important part the crypto space, some may say it is the most important part because there is always  going to be an air of uncertainty around the crypto space and anything can still happen to any coin.

[AndrewBrown]

Diversifying is the way that you get to protect yourself from the risk of a project failing and you losing all of your money. By diversifying you are reducing the risks that come with investing significantly by putting your money in different places such that if a project ends up failing then you have others to bounce back with.

[rellor]

It is perfectly clear that investing in a crypto currency is a profitable, but very risky way to earn money. The only way to minimize risks in investing is to diversify your investments. Invest in several different (promising in your opinion) coins and if one of them fails, then the rest can bring benefits, as an example.

[FreddySelvig]

I prefer long-term investment because the relative stability in the market can get a good profit. So I don’t think it’s worth to diversify

This is dangerous because any project can at one point become a bench. No one is insured from this, and now governments are increasingly trying to regulate this market, so you need to be even more conservative