Do we need to diversify?

[vakeswork]

Diversification is very important, as it will protect against the loss of all money in case of unforeseen situations

[opeakande]

Diversifying is a good thing to do but I think it requires a special cryptocurrency market knowledge which most of us newbies do not have for now. One also have to be very careful as well as carefully study the market before diversifying into anything.

[opeakande]

Diversifying is a good thing to do but I think it requires a special cryptocurrency market knowledge which most of us newbies do not have for now. One also have to be very careful as well as carefully study the market before diversifying into anything.

[yorannic]

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.

[Accts4u2]

Suppose you go all in one coin and that coin ends up failing or some serious issues/bugs come up and the price tanks. You just lost most of your money and you will not be sure of when you are going to recover it. But if you had diversified your portfolio and invested in more coins then you would have just lost a small portion of your investment instead of all of it.

[Amafunkiest]

Most times Its better to grow by trading it....

[cryptomeo]

Build a portfolio based on your risk appetite. That's the most logical way to spread your risk. Just start with the top coins. And move down to lower cap altcoins, ICO etc.. I believe now will be the best time to accumulating. Things will surely recover. Bitcoin has become mainstream now.Don't see it will disappear in one day.

[ThorWin]

I think if profit diversification is going to be reduced, even if risk is minimized by diversification, then if you know the potential, then diversification will not be good for you. If you are not sure about the penny you invest in, you should diversify to reduce your risk

[zamani12]

Diversification is the bedrock of every successful investor. Once you have your investment spread out in different niche it gives you a rising edge,that way if one fails the other flourishes. At the end your a winner. Hence there is great need for diversification if you want to be more successful.

[coinbirds]

Diversifying Your coins is one of the most important rules of successful trading and investing. Every coin (even TOP 10) can crash or go to even zero , so diversifying them is  the way to  decrease the risk and prevent to lose all Your investment at once .  
And do not diversify only Your Crypto holdings but all your investments.
Do not invest all your money into Crypto.

[TastyChillySauce00]

Diversifying Your coins is one of the most important rules of successful trading and investing. Every coin (even TOP 10) can crash or go to even zero , so diversifying them is  the way to  decrease the risk and prevent to lose all Your investment at once .  
And do not diversify only Your Crypto holdings but all your investments.
Do not invest all your money into Crypto.

While diversify will reduce the risk of cut loss, it's also reducing the change of gaining maximal profit. It's like you are holding back so that you won't lose too much but also that action have consequence which make you have less benefit than what usually does.
I would honestly recommend this kind of method, just not becoming too greedy is a good thing, when you make a consistent profit, you will max your own profit but just takes some time.

[vladmiranda]

Diversity is mandatory in today's market. I would highly recommend it in all honesty.

[johnalyn]

Yes of course! Without diversifying in something you are working it is hard to just leave it in your luck. Having a other investments are good way to earn a money than focusing your mind in one thing that your are not sure if it will reached the success that other people have in their life. So you better use diversify in this kind of business to gain a better earnings.

[meanwords]

Most investors who are successful do diversify their investments because it's not guarantee that you will profit in just one coin. You say one time bigtime? How about one moment and you lose everything? This world you are into is cryptocurrency, it's kind of different from stock markets which means the market here is kind of volatile. One moment you are walking away with a big smile and another you are crying in the corner. If you are smart investor, diversify your coins to gain maximum profit.

[asjdhjnz86]

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.

[meukarat]

You do not need to follow any concepts or rules. You simply follow the facts tested several times. To explain better we should have thoughts about the balance and idea of the fish in the basket, so when you put all your fish in the basket and when you lose or something is wrong, frustration always comes up. There is no predictable Cryptocurrency so you can not really say that certain coins will continue to increase and thus take your profits.

[mimota164]

the reasons we diversify that we hold all have reason. and that is a choice when we only have and trust one type of coin that will give a profit, but it would be nice if we can be more daring to be able to invest a lot of ICO because of course we know that what is sought is a big advantage of the investments made.

[Humpert]

I think if you just invest in a single thing that is a high risk high reward chance maybe you can earn a lot and also you can lose all of it. Diversify is a way to lessen the risk on investment by doing this technique. There is a assurance that if a single coin drops you still have a second option this strategy is useful and not greedy. So it is really important to diversify.

[kjnfmplm]

We need to diversify our investment on different coins to decreade the risk in getting a huge loss. For example, you invested 1000$ to Bitcoin, and suddenly it drops to 400$. You easily lost 600$ in an instant. However, if you diversify your investment in different coins, it would decrease the risk of having losses. For example, you invested 100$ on 10 different coins. Of course there would be different trajectories of price increase/decrease.

[valnd]

We need to diversify our crypto portfolio because cryptos is so volatile, you don't know which coin will have the major price jump in the future, also you don't know which will have a major dump in the future. So it is safe to diversify your portfolio and hold different good coin.