Do we need to diversify?

[commanderbitcoin]

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

We have to diversify because if your invest all your money in one coin and it falls you will lost everything you have. If you have more than altcoin in your portfolio you can easily gain more because you can diversify your profit in other altcoin that didn't pump yet.

[bling-bling]

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

To diversify means to increase our chances to earn profit. Having more investment options gives us an assurance that we will gain profit on the long run. Depending on just one token will limit our earnings and growth will be slow. We should be wise and practical when it comes to our investments because we could lose a lot otherwise.

[altysha]

I think, diversification reduces the risk of lost and there is possibility to have more profit, when some of coins grows up.

[eMaxie]

Yes, we do, since it's the classic way to lower your risks. It's better to invest something in more or less stable coins like BTC or ETH, something in mid-term coins and something in promising projects to make blockchain closer to people like that one

[bellakrstna]

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

yes, because you wont lose at bigtime from only one coin when it dropped.
i suggest you to buy some of other coins as well.

[steve321]

If you don't diversify. It's too risky. You may lose a lot of money or make more money. But imagine that if you diversify, it will raise all the money you can earn. If you put one or some of your bank money, you still have profits. In case all the drops will be the same

[Triss Merigold]

What are the chances that you'll get it? I can say that if you have little money, like many beginners, it is best to invest in a coin in the hope that it will grow several times. But if you have a large investment, it is better to invest in 3-5 coins. If one of them would be fraud, you will lose only part of their large investment, but not all, as in the first case.

[hastag_80]

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

will its depends on the situation and the owner of portfolio,if that investor needs to diversify his holding or not only the important of this that he have his own strategy on how to make a good profit,while in other hands people or bitcoiner sometimes focus in one coin to have a one time bigtime profit,because they dont want much troubled to other crypto coins,because they need to assure there holding investment portfolio to earn in a one  single whip of pump.

[pdutta]

Diversification is the best way to secure most of the investment. Don't depend on a single coin, when the coin price is dropped we can not get profit when the coin price is higher than we get the profits. I think, better way to diversify coins always to investments then there are low chances of losses.

[trickyriky]

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

Diversifying is the first rule in cryptocurrency activity. And it is really important to find some coins which could be main as to say pillars of your holdings. I prefer to keep my money in different pockets.

[Tlongbottom]

Diversification is the first principle of any kind of investing and crypto is no different. While the whole market tends to move in the same direction, individual coins have spikes at different times. Also, diversifying protects you from having your one coin drop off the cliff at a greater rate than the rest. You can go with a single coin knowing it’s a high high risk, high reward play. It’s not for me, but others may give it a shot.

[KXC247]

Invest in only one coin is risky, If we diversify our investment in different coins then we are on safer side because if one coin will be crashed then also we are the safer side due to diversity investment in different coins. This market is very volatile So that, we need diversification in this market.

[Coinlover9]

Yes that's the only way

[Turkish88]

All traders make diversify, it give opportunity to close your orders with zero, because something rise somethins decrease
In other way you loose some parts of your funds

[chocopapaya]

Because this isn't the movies, it's real life.

I understand the temptation to go "all in".
The idea that you can put it all into one coin and then a year later become a millionare is very tempting.
Add to that, there are stories on the news of people who did that and made it rich.

But you need to realize that for every success story you hear, there are literally THOUSANDS of failure stories.
Just last december when the market was super hot, I had a lot of colleagues at work who decided to jump into crypto.
quite a number of them went all in on coins like iota, xrp, and the like.
Most of them ended up panic selling when the market crashed and lost a LOT of money.
The ones who are hodling are stuck with losing 70% of their value.

Diversification isn't just about reducing risk, it is also about strengthening the value of your assets.
As not all stocks are the same, not all coins are the same, you want to get profit from all the different categories of crypto out there.

[indopool]

Looking at the current red market condition, I think diversify crypto will be more complicated for you, because you have to divide your mind for a mature analysis into the coins you will choose, and the results are still very doubtful, you better keep holding the coins you until the market is fully recovered.

[FilliDorros]

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

It is necessary for us. The first rule of the investor is the diversification of risks. As you know, a lot of coins do not make a profit, so you need have a few coins in your wallet.

[SavageBrother]

I hold a certain part of my portfolio for long term coins and good steady projects and a short term part to trade on whatever I see that I profitable at that moment.

[Voloshin2981]

I think it's better to keep an average of 3-4 coins, but you need to invest in them to get income for 5-6 months with long-term investments.

[jaaeeeyyyy]

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.

The industry is full of cryptocurrencies that have huge potentials to bring success over those that are patient. The reason for diversifying the holdings is simple, some altcoins increase in value faster while some don't. And because of this, you could always gain profits from different coins, except of course if there is a wide-scale price decrease going on. But all in all, diversifying your holdings is far better than settling for just one coin.