Do we need to diversify?

[Geoll29]

Diversifying is one of the most important strategies by expert investors. This is the advice of the number one investor of all time Warren Buffett. The idea of diversifying  is to avoid huge losses if ever one or two of our investments gone wrong.

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[Dogmygod]

Depends on your trading strategy.

Personally for me, diversification is necessary in cryptocurrency to avoid big losses. Different baskets - less risks that one morning you will lose all at once.

[swati123]

In my opinion, we need to diversify our investment to minimize our risk. If we invest all our money in one coin and that coin itself goes down, then all our investment will be affected badly but if we are investing in different coins, there are very less chances that price of all the coins will go down together so better to diversify the investment.

[dammy1988]

Yes that's the best thing to do as to spread money on some good project token or coin it gives you assurance that all of them can't be a failure. You know within you that some will definitely do well if not all.

[Bunmi1989]

Yes with that your risk reduce to the minimum as putting all the money that one have into just a project can be so risky. But spreading you make you stay calm at all time knowing some will do good

[GolruShu]

On the off chance that a man think about a coin and think about the points of interest of its future that it will go more higher than some other then he can go however it is additionally certain that there are numerous coins and at a same time one coin go considerably higher as well as at a same time we have saw various potential coins going expanding significantly higher that is the reason we frequently recommend for to differing.

[celuumk]

Essentially this is it. We don't know with conviction how our distinctive coins will perform, on the off chance that we did then we would put altogether in to the best performing coin. Given we don't know we can spread our speculations to restrain dangers, this is on account of crypto undertakings can succeed or come up short for an assortment of reasons we can't see or control.

[jrivera68846]

To explain better we should have mind the idea of balance and the idea of eggs in a basket can help, so when we put all our eggs in a basket and when we lose or something go wrong the frustration always appears. Diversifying is the way to possible alternative profits and avoiding frustrations.

[keykey1]

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

The price of crypto currency is too unstable and if you keep all your funds in one coin then you can not profit for a long time during a deep correction of the market.         
         
         

[shaman11]

If you invest your money, and do not diversify, you risk that if something goes wrong, lose everything you have. This is a completely vain risk.

[_crypto_moon_]

If you do not want to lose your money in an instant, you definitely need to diversify your money. This is the first and most important investment rule and this applies even more to the crypto currency. Diversifying you reduce your risk.

[trippjoeytan]

If some coin fall down other coin can grow up and save your money. Also if you buy many coins you have chance to catch a good coins in future like neo or verge

[johnmartinda]

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.

[sexylady13]

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

You don't need any diversifications, just purchase one coin you like and watch what happens. You'll probably understand why it's necessary to diversify all your financial flows. Otherwise, no other lessons will benefit. You will learn only from your own mistakes, which took your time and money. But you'll be more successful!

[Vuleamwi]

We don't have to take after any idea or control, we just take after the reality of being tried a few times. To clarify better we ought to have mind adjust and eggs in a container can help, so when we put every one of our eggs in a bin and when we lose or something turn out badly the disappointment dependably shows up. Differentiating is the best approach to conceivable elective benefits and evading disappointments.

[jojovalentia]

You need to diversify because the cryptos that you hold fluctuate alot at their own pace so if some of them go up, some of them go down, so you take advantage of that.

[ZeusTrade]

I BELIEVE THAT IT IS BY THE CHANCE TO ACHIEVE INVESTMENT OBJECTIVE IT IS BETTER TO WAIT FOR 10 20 OF THE 1 2 AND YOU WILL HAVE MORE CHANCE OF ANY VALUE TO IMAGINE SOME TOKEN ERC20 AND WAVES STELLAR NO ADVICE BUT MORE COINS MASTER NODES BUT IF YOU HAVE RESOURCE PLACE A MASTER NODES ALSO IN YOUR LIST

[rosmerius]

I agree with your idea on this one. If we can diversify our investments it's just the same as us expanding our chances to earn huge profits. That way, we do not just stick to one type of coin, but we have some spare coins that can generate profits. In addition, the coins we choose can generate profits with different time periods, so we can earn profits with a faster time.

[pinoyrichkids]

We do not need to follow any concept or rule, we only follow the fact of being tested several times. To explain better we should have mind the idea of balance and the idea of eggs in a basket can help, so when we put all our eggs in a basket and when we lose or something go wrong the frustration always appears. Diversifying is the way to possible alternative profits and avoiding frustrations.

Thats correct sir, diversifying is the key to minimize the possible losses in the future if the specific coin will collapse. In fact, diversifying can help us understand that cryptocurrency is a widely and broad business, and a lots of opportunities to invest, not just one coin or two coin, but a thousands of coin, just invest what we can afford to lose, thats the basic rule of investing and manage the risk, cutloss still and important thing, if anything goes wrong.

[zulfi125]

you should diversify your investment and holding because if you will buy one coin or hold one coin than you have less chances to gain profits .