Do we need to diversify?

[CaptainKid]

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

If your coin in which you invested has failed and its price has begun to decline, then what will you do? If you have several coins, so you reduce your risks.

[peterthegreat]

Diversity is the best way to protect yourselves against losing all of your money in one sweep. Putting all your eggs in a single basket is very risky and if the coin or the project ends up failing then you lose all of your money. So you should always diversify and that way you know that even if one coin does not end up doing very well, you have another one to fall back on and make up your losses from.

[lissa brak]

Cryptocurrency is too volatile and unpredictable. Inorder to have a form of shield from this uncertainties, it is better to spread the risk and your investment into series of different projects inorder not to be hit by suprises.

[Early_Waffle]

Anyone who has carefully studied the basic principles of investing understands that diversification becomes the basis for creating a stable and reliable investment portfolio.

[Kakady13]

 Profit prospect of different coin is also different. It is also intended to control or to limit your investment risk. Don't put all your capital or money in one basket of currency or coin.

[Conasse]

I don't diversify. I only use Bitcoin and hold zencash. And I am ok with it, I prefer to invest in something I trust instead to invest in something but need to check the news almost daily to see what happen. I don't know about you folks but I don't have time to follow 20+ altcoins

[Chacon994]

I think it's worth keeping an average of 3-4 coins, but you need to invest in them to make a profit in months 5-6 with long-term investment.

3-4 coins is a safe way to invest. But I think that is still a little bit. Currently I am investing 10-15 different currencies on 3 major exchanges. I think doing so would greatly reduce the risk

[mmfiore]

Always diversify ofc. It's true for any type of income, not just cryptocurrencies.

I usually run around 5-10 coins. 2-3 big ones, the rest in small alts .

[joburgtaxi]

It is vital for an investor to have a variety of coins when it comes to his portfolio because that is the best way to minimize the risk of loosing a lot of money. We need to remember that every coin gets to the point when it starts decreasing so investing in one is not a good decision.

[Mendy487]

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.

[energodar2019]

Yes, diversification is good! I keep about 10 different coins myself. But as for all follow? When the market falls down, all the coins fall, and when it grows, the coins grow at different speeds! We need to choose the coins that will quickly fly up and buy them at the bottom! But it is very hard, especially to keep track of all the coins.

[nik9990]

because by doing so you reduce your risks. Imagine if this coin has fallen and does not grow any more - you will find yourself in a deep drawdown perhaps for a long time!

[tnekramor]

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

Diversifying investment is a stratigical way to minimize the risk. Putting all investment in a single coin can gives you a huge profit one time but bear in mind that you can also lose huge investment in one time. 

[Gunpaycity]

having some kind of altcoin in the wallet will be very good because if altcoin one price is not good then there will be another altcoin which is good price which will give us advantage

[smutexar]

When you invest in several types of assets with different levels of corresponding risk, the chances of success of your investment portfolio significantly increase. If you are ready to lose all your money at once, you can invest them in one coin, but it is better to be more careful and diversify the possible risks.

[jayendo]

Investor for the success of his investments must necessarily diversify the possible risks in any situation. This is understood by every competent and experienced investor.

[adolf512]

Investor for the success of his investments must necessarily diversify the possible risks in any situation. This is understood by every competent and experienced investor.

Quite right, but the market comes to different investors who are gaining experience and they need such advice. Not everyone understands this, for this is good that there is this forum where you can find many tips.

[Landakhitam]

Investor for the success of his investments must necessarily diversify the possible risks in any situation. This is understood by every competent and experienced investor.

Quite right, but the market comes to different investors who are gaining experience and they need such advice. Not everyone understands this, for this is good that there is this forum where you can find many tips.

We need to diversify because putting all your possessions in one thing can be very risky and can put you in something so deep that you can not get out of it. Diversification gives you the option to put your holding in various aspects or projects so that if one fails you do not lose it completely and if one succeeds, you get from it.

[bitcoinbot]

Of course, the diversification of risks is extremely important, because you do not know exactly what will happen to the crypto currency in the near future! I believe that at least you must take out all the money that was invested!

[anticrypto]

I do not think that now it is worth selling stable coins to buy something else. In today's market, this is too risky...