Do we need to diversify?

[k-west]

Diversification is very important when you make your portfolio.I dont keep more than 15% in one coin.Before I had 100% in bitcoin but then I changed my mind.Altcoins can give you more profit.

[Caesar-Giulius]

If you go all in one coin, you are taking too much risks. If the project failed, you will face big losses.

[sleblanc1469]

Yeah, because investing in cryptos is like investing in venture capital - a small handful of key investments can bring the largest profits.

[Humpert]

It's simple: if you invest everything in one coin and it is a scam, you'll lose everything. Accordingly, we need to diversify, and if you invest in several projects, not only reduce the risks, but also increase the chance of profit.

[lamadu3]

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 one of the most important principles in making business. It relate not only to financial investments but also to trade of different kinds and many other activities. Here is my opinion.

[zero4five]

Investing in crypto currency is very risky because their market value is more unpredictable than traditional assets. To protect yourself from high risks, crypto investors should create portfolios that must include several coins.
If one asset falls, the investor will not lose all of his savings due to the presence of others.

[Endank]

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

No one knows which coins will develop in the future. So maybe more coins are more of a chance to get a financial gain. But too much is not too good either. We will not focus on observing the development of each coin.

[norcia]

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

If we really know which crypto will soar next year, we will only focus on one item only. The problem is too many coins by offering its own platform. So I think dividing the investment in some coins will minimize our investment risk.

[Sithara007]

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

If you invest in just one altcoin, what are the chances of getting a decent profit out of it? May be 5%, or 10% at the most? It sounds too risky for me, as I can't afford to lose my investment. If I am the one who is making the investment, then I'd go for at least 10 different coins.

[huanzhong644306]

Cryptocurrencies are unpredictable and diversifying your holdings is the best way to minimize risk.

If one of the selected COINS doesn't work, you can expect the rest.

[wayancrypto]

Diversify risk is very important when make invest in high risk investment. Price action of crypto always going up and going down, so when going down we should move all that crypto to other kind of  investment that more stable like stock or gold. Diversify risk is needed to make more profit and to avoid lose.

[Scambusterz]

diversify their assets. This allows you to partially secure your investments. After investing in one coin, you can incur large losses if its price drops.

[soopiking]

Of course, if you have more choices, then you can choose to invest in multiple currencies. In that case, the risk will be even smaller. I think that choosing a good currency is very important, it depends on whether you can get more benefits, I hope you can have more gains.

[semarmesem195]

Diversify is very useful for business man. It's true to only hold one coin will get profit very large because we only focus on one coin, but how if one day the coin dropped and took a long time to recover ?. That is why we have to diversify because it aims to back up when there is a problem as i mentioned, so the losses can be minimized. Diversify alone can make us have a double advantage, if the market conditions are in good shape.

[pk lurah]

According to my way of thinking, In any market, you have the same rules that apply when investing in stocks. And you need to reduce the risk to people who are at risk of failing in the long run. And also. You need to have some of them resulting in some impairment, others will increase so as to make your ownership a little steady.

[athiftammam2018]

Because each coin has a different purpose, different uses, and target who uses it. The price is definitely different each coin. Therefore there is a high price coin, there is also a low price. The cause of the high coin price is because the project of the coin has a good purpose and is fully realized in the real-world enterprise.

[Jimmytran1717]

My opinion is all investments both need diversification.There are many reasons for it and one of the most important is that is the only way to decrease risks of my portfolio.

[zorgo]

It depends on your amount of money. If it is small, you can go all-in and be rewarded, as well you should be ready to lose all asset

[bunny0612]

Because if you don't diversify. It's too risky, you can lose a lot of money or earn more money. But imagine if you diversify, it will raise up all you can earn the same money you put in one or some altcoin raise you still have profit. In case all down will the same

[fargoway]

This is the question to you. Whether you want to get more money but less safety - invest in 1 coin. If you want more safety but less profit - diversify.