Do we need to diversify?

[dobidobi88]

diversification is certainly important, so try to diversify the risks. You should always remember that crypto-currencies are a risk, so do not invest in them more than you are ready to lose. Learn the coin before investing. Also, your portfolio should be diverse: do not keep all the eggs in one basket, as they say.

Yes, I have the same thoughts as you. Diversification becomes important to do in crypto investment. This is to prevent the total loss that is very likely to occur, because crypto investment is very risky with its fluctuating nature. Making a portfolio variation based on a detailed examination before investing is a wise move to make a profit.

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[levvv]

from my opinion, you will need to diversify your investment. Cryptocurrency value is volatile and high risk,
therefore investing in a single coin is same as accumulating your risk into 1 asset. Spread your risk into few coins.

[Neutrality]

Crypto is even more risky than any other currency. So in my opinion there is no need to neglect diversification. Of course you should have some "red line" for the number of your crypto but do not try to have only one "leader" for investing.

[uszaty43]

it is more than needed if you really want to have a succesfull journey in here, if you do not diversify, i do not know how you are expecting to make a good profit out of your investments.

[DisBITcus]

You must always diversify everything! This allows you to reduce the huge risks. It is better to get a smaller pribut, but with good stability.

[Fray]

Diversification is the best way to cut the risk. But of course, you are not required to diversify. If you really trust some project and its potential and you are assured of the profit, then no one is asking you to diversify.

[Xising]

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

Yes there is certainly a need to diversify. Such strategy is always considerable because it gives an investor or trader more ways to gain profit rather than narrowing himself on only a few coins. It would be impractical to just focus on one or a few coins in this market where diversity is key because every coin has its own gains and losses at one point. If you have more, then you have more leads to go after that, in turn, would lead to more chances of profiting.

[alexey8080]

I always diversify my portfolio.
It's good to diversify because it increases the chances that one of the coins you chose will spike in price making you a nice profit.

[Catmurs]

Of course, we need to diversify our risks, especially now in such a difficult time as now

[Emilyearl]

Diversification is a good strategy for the rainy days. Not only for the rainy days, you don't know which will perform best at the end of the day. But don't spread your portfolio too thinly. Stay within the range of  5 or 6 or 4 coins to be able to keep track of their price and performance.

[Gromx]

If you diversify your risks-you will get less loss in case of unfavorable outcome.On the other hand, if you buy one coin - it can grow strongly, and also greatly fall in price.And you can lose everything in the case of a scam.

[kimma16200]

Diversify is very necessary in crypto world. Crypto currency is very volatile. It changes everytime so you dont really know for sure which coin will increase and decrease. So minimize your loss, you need to divide your holdings into different coins so whatever happen to other coins, you still have other coins to profit with.

[chengyinoing]

Diversification is the main rule of any investment, and it is the best way to effectively resist risk.

If a coin crashes, you still hope that other COINS may rise and cover your losses with dumped COINS.

[nguyentung100]

Diversifying your investment is the  best one can do to minimize risks. No cryptocurrency is predictable so you can not really say a particular coin will keep rising to get  you the profits.You need to have several of them so that as some decrease in value, others will increase thus making your holdings a bit stable.

[asdnz86126]

Of course we need to diversify. There may be times when a single coin can bring great benefits to us, but diversification is always one of the most useful ways to avoid risks.

[chairmanMao]

Need, of course, because diversified investments can effectively avoid large amounts of financial losses, and diversified investments allow us to make more choices! Instead of only trading every day!

[Nasa44]

Diversification it's a basic. But it's doesn't mean you can diversify only between crypto, you can and MUST also diversify between crypto and not crypto.

[Birdiebig]

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

Diversification is a good option for flexibility in market decisions and volatility. However, if you consider the level of profit efficiency, it is difficult to determine anything compared to a single and most influential option. I mainly focused and prioritized investing in bitcoin and sometimes a few ico to increase the return on investment. It balances my fund and diversifies in short and long term.

[Mao siro]

It is not always advisable to put all our eggs in one basket. If you have many cryptocurrencies even when the market is down. If you check the highest gainers in the coinmarketcap you will discover that one of your coin is among the highest gainers.

[Kakady13]

Diversification helps to minimize loss in doing business, when you invest in multiple projects, you'll have one to fall in when one fails you.
Diversification is needed in cryptos world because of it's volatility that happened in cryptos.