Do we need to diversify?

[Old Bindu]

Wise peoples say - Never keep all the eggs in one basket. It should be clear to any reasonable person. The more money you invest in any one asset the more you risk.

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[bittraffic]

The choice is up to  you still whether you buy more tokens and diversify your investment and having more  in your portfolio. I would be best to do so but there are sides like you are going  to  keep holding a coin that has a team that isn't performing well but if you only invest to the trusted top coins, you assure yourself  to  be also on top and you can be assure your money  won't be  sleeping.

[topkhai]

It is to reduce the risk in the future and to maximize profits. I suggest you to take some of the best coins and do not just focus on one coin, it's risky you can lost badly when the market unstable

[zhagedus]

I personally think that we need to diversify the world of cryptocurrencies because of it importance in digital world. To me i always buy coins that i see to have great potentials for the future as my diversification system of investment. Great coins pay more than what you can think of. Lean to diversify; to earn the future you desire in the world of cryptocurrencies.

[anjir]

Diversification is a way to gain alternative benefits and avoid frustration. the idea of eggs in a basket can help, so when we put all our eggs in the basket and when we lose or something wrong the frustration always arises. Coin ownership diversification is reliable.

[coinbirds]

Minimising the risk of losing Your money is diversifying Your coins. My experience is telling 10 is the optimal number.
Some coins can crash and You could lose all your investment.
The market is volatile and it is very risky investing nowadays in Crypto.
Despite all research it can happen that a coin go near to zero and You could save Your investment if not all eggs are in the same bucket.

[lyons]

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

I think we need to diversify our savings while trading and holding with cryptocurrencies. Because nothing is definite about the future price of a coin or a token.

[Matilda]

Anyone understands that diversification may not result in higher profits, but it will reduce the risk of loss.

[Shaminyue]

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

Yes, we need. Diversification in investment would reduce your risk of going to bankruptcy. If you put all your money in one coin and that coin is disappeared somehow or losing its value too much, you would wish that you'd put your money in other coins also.

[alaskata]

Diversifying shares is the biggest risk mitigation, you will not depend on any one

[jacaf01]

Yes, you need to, I think for now people need to start to look into diversifying into fiat also, most people will disappoint with me, but so far if one have diversified into Fiat in January, it would have outperform most of the Altcoins and even Bitcoin this year, the way thinks are this year, it is likely to be a flat year

[melliana]

Well if you know which coins that could give us in that way then tell me which one is the coins and I would put all in at that coins but if loses then you should pay me. The purposes to split some funds is to reduce the risk of losing money.

[djscreem01]

Each of us needs diversification, because in this way we can minimize the risks and increase the chances of profit.
Of course, the easiest way to buy  BTC and does not care about anything, but the price of BTC has already grown and now the greatest growth should be expected from some altcoins.

[BigTeeths]

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

But what if you are wrong and the coin that you have made an all in investments failed or abandoned? That is where diversification play it's role and it helps you minimize the risk because nothing is guaranteed on cryptocurrencies.

[kakaword]

Yes, diversification can reduce investment risks and there may be more gains. So I think diversification is a very good choice. But you need to find good projects to invest in, I think this is the most important.

[lllSERGEY]

In addition to diversification, there is the notion of correlation. This factor is very important when creating your investment portfolio!

[bamb]

Diversification spread your risk so that in case there is major loss in one coin , you could recoup your losses in another! Diversification is premised on the fact that in a downward , not all your holding will be at loss at the same time hence you might not lose all your fund

[KobeBriant 24]

Yes, we all are holding that.
If the coin goes to nearly zero, you are going to lose all your money because of that stupidity of having everything on a single coin

[veraoktav127]

I get a coin from some bounty that I follow and their number is enough for me so now I have some altcoin in the wallet and they have their respective price and I am happy with it because if the price of one is down then there is still altcoin the other which I can sell

[asdkzxn199]

If we have lot of funds or investments already its really better to diversify to spread it in different baskets. Basically, diversification is a way of dividing the risks and having more options in case one does not work.