Diversify Investments

[nokat]

It is good to invest in diverse cryptocurrencies you have trust in. Focussing on only one cryptocurrency may pose problem to you when that particular coin go into a greater dip.

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[pinot95]

Usually they recommend you to diversify your investment, so you avoid losses.

But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?

What if I invest little by little, only in Bitcoin, would that work as well ?

Many people opt to diversify their investment to avoid one time losses. But for me I think even how much you diversify an investment if you invested an amount you cannot afford to lose is the same with not doing diversification. The most important thing when investing is to analyze and decide how much money you can afford to lose because investment is like gambling. You don't know the outcome until it comes.

[giacatluong]

You can use Bitcoin to buy ICO before you hit the floor, I see a lot of potential ICO like Weidex.
WeiDex is a new innovative decentralized exchange. We have plenty of advantages over the existing solutions.
Innovation of Weidex as :
Multiple orders
Low listing fee
Token airdrop

[lordmick]

Personally I think that it doesn't matter amount of money with which you start to trade. But I in my opinion especially in the current situation you should trade with that amount of money that you can afford to lose yourself or simply forget for a long time. And most importantly, you always should have fiat money, diversify your investments (for example invest not more than 2% of portfolio in 1 asset), use risk management and never trade for borrowed funds. But if you have enough experience you can trade with leverage and open short positions and also even in such operations try to use stop loses.

[South Park]

Diversification, even in this high-risk market, helps reduce risk and maximize safer earnings.
It is recommended to largely weight in on Ether, with some in Bitcoin.
Other coins like Litecoin and Ripple represent enormous opportunity and should represent part of your strategy.
Smaller "alt" coins have tremendous potential as well and should represent some of your portfolio. WTC, VTC, and VEN are good places to start.

I disagree most of your money should be in bitcoin and not in ETH just look at the market dominance of bitcoin, it is still growing despite being very high already and whatever happens with the decision of the SEC is going to make that dominance even higher, also adding smaller alts could give you profits but in that case your diversification is adding risk and not reducing it, something I am against.

[kaisa]

I think you have to determine a strategy, my recommendation is to focus on collecting bitcoin. so you have to invest in altcoin by looking at market conditions and the spirit of the developer team working on the projects they make. that way your money will increase, avoid FUD by determining the strategy from the beginning. if you are not sure of market conditions, you can get out of the market to do research again.

[erominer]

i am not saying your approaching the advise wrong but for me, the meaning of that advise is that diversify your investments thru different types like for example stocks, crypto, real states...

[Leocrypto da Vinci]

When you have large capital, it makes sense to try to spread the risk, but when the money is few, it's better to do an accurate analysis and try to focus everything on something safe.
Then, of course, anything can happen.

[Anewor]

Only invest an amount which you think you don't actually need for the time being. It is expected that you might need the money sometime in the future and so it is important to do it little by little as you have said. But as to the right amount there is no such thing as a standard for it. It is up to you. Diversifying may help and may not as well so it is a matter of choosing the right coin.

[aryatrals]

Usually they recommend you to diversify your investment, so you avoid losses.

But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?

What if I invest little by little, only in Bitcoin, would that work as well ?

it all depends on the soul of your business, whether you are the type of person who likes to speculate or you like comfort, if you are happy with the challenge in my opinion your money is placed on different alcoins in the hope of a lot of profits, but with the risk of losing too much, but if you like something safe put your money in bitcoin by waiting for prices to rise but in a relatively long time, and with the risk of losing a small amount, so the decision is in your hands.

[yndye]

Only invest an amount which you think you don't actually need for the time being. It is expected that you might need the money sometime in the future and so it is important to do it little by little as you have said. But as to the right amount there is no such thing as a standard for it. It is up to you. Diversifying may help and may not as well so it is a matter of choosing the right coin.

It may be an advantage or become a disadvantage for you if you diversify. If you have small capital then better focus in one coin that you think will have a better future compared to other coins. if you diversify too much then maybe you will only get small profit or other coins would just eat your profit because it has a big loss. Purpose of diversification is to lessen the risk so better have a strategy as well to cut loss if possible if worse comes to worst.

[Gudhal Untu]

The distribution of investment is very important, it is useful to keep the value of assets secure and of course make us able to get big profits, the choice of many coins is certainly a good thing because we can choose coins that have good future prospects.

[jack wira]

Berinvestasi itu ide yg sangat baik tak musti banyak yg penting ada dan tak musti setiap 🌒 karena bersifat tabungan.apabila agan mau berinvestasi data yg anda punya harus akurat dan diregistrasi..untuk menghindari kekeliruan.

[ronics]

So, you'll start placing funds in a safe place for it and different types of use in an investment. and it has many choices. Put your funds in different baskets, Because if one falls in your investments, you still have a spare fund within your investment basket elsewhere, our expectations will continue with our investment so that the full value drop can not be reached.

[maculeth]

Usually they recommend you to diversify your investment, so you avoid losses.

But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?

What if I invest little by little, only in Bitcoin, would that work as well ?

I actually support you to do that. approaching little by little. it will also minimize your losses when the market falls as it is currently happening.

[IanKaramazov]

Usually they recommend you to diversify your investment, so you avoid losses.

But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?

What if I invest little by little, only in Bitcoin, would that work as well ?

My strategy approach for crypto is 50/50.
Put 50% of your investment into ETH and BTC. The other 50% goes to altcoins.
So for your situation i would use 750$ for ETH and BTC. The rest is up to you.

[Shadowblack]

diversification does help to cover the losses in investment, but it would be nice if you also choose another investment, do not invest in bitcoin alone but you can also choose altcoin, you can also choose a gold investment, stock etc.

[Oasisman]

diversification does help to cover the losses in investment, but it would be nice if you also choose another investment, do not invest in bitcoin alone but you can also choose altcoin, you can also choose a gold investment, stock etc.

Well, you mean diversifying your investment in different forms? Like cryptocurrency, stock market, real estate and other? Not a bad idea, but we're talking about diversification of investment inside the cryptospace. And also, not all can cover losses, some even make it worse, if you choosed a wrong coin and another cases like if you bought 10+ coins, that would be too many to monitor and be updated anytime. Sticking to one or two coin is enough, for example Bitcoin and ETH, specially if your still new in cryptocurrency.

[Andrej Peiboski]

"Diversifying investments" is a strategy that pays off when you have the capital of a bank and you create an investment fund.
With small numbers, the risk is certainly reduced, but the possibility of making money becomes negligible.
Better to do a good analysis and bet on the most promising product.

[nguyenthanhvien]

I think what they recommend is true. Of course if you invest in an item if that investment works you will get a lot of money but your winning rate is very low. If you make the wrong investment then you lose everything.