"Diversification is for idiots" - Mark Cuban

[JungleEskimo]

Diversification is also for peasants who anticipate failure and have no confidence in themselves. Most dont even understand that holding different altcoins doesnt count as diversification. You're only minimizing profits and maximizing exposure to risks by holding 10+ coins and you look like a moron when you're holding 15+ coins.

Yeah thats right, I went there

[1714471849]

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[jt byte]

Well, diversification in cryptocurrencies is maybe only good for speculators. When they bet on some low market coin which may rise in the future.
If you bought only Bitcoin in the past, you should be in profit, but if you bought coins like Feathercoin or any other altcoin, you are in a big loss.

[JungleEskimo]

most people here have no idea what theyre doing

this entire board is just people asking other people to tell them what to do

90% of threads here are basically titled "should i do this now?" or "is this a good idea?"

[Tipstar]

Sticking to a single coin can be profitable than diversification, it's not fun at all.
You just would have a single price tab open and refresh it everytime? And what would you use the exchange for? to convert it to Tether and back?

[cryptohunter]

LOL at these sound bytes

although if you don't know what you're doing then stick all in BTC

there are a few great projects waiting to blow but knowing which will blow first is impossible

[telexnetwork]

Well, diversification in cryptocurrencies is maybe only good for speculators. When they bet on some low market coin which may rise in the future.
If you bought only Bitcoin in the past, you should be in profit, but if you bought coins like Feathercoin or any other altcoin, you are in a big loss.

also biggest scam coin like XP coin

[nicolas1979]

Diversification is also for peasants who anticipate failure and have no confidence in themselves. Most dont even understand that holding different altcoins doesnt count as diversification. You're only minimizing profits and maximizing exposure to risks by holding 10+ coins and you look like a moron when you're holding 15+ coins.

Yeah thats right, I went there

Some people success with that method and rest of them fail, as long they get profit there's no problems. You can't push people to follow your mindset/ method, they have different experience and knowledge, of course the result will not same. If you're expert please share your strategy in true number and let the " moron " learning from. Diversification is good but know how to use it is better and I believe, I was there.

[Airelves09]

I don't recommend holding too many coins. I suggest that only the currency of potential and value is held. Because there is too much to hold. When all the prices are down. Your profit will be compressed very small.

[Mianae]

Diversification is not for morons. Just like how in real life it is advisable to have multiple streams of income, same is applicable here. You cant tell me is just only one cryptocurency which you are interested in, is not possible and as such you try to stay in as much projects you support as possible. Where it becomes boring is when one spreads their investment funds so thinly that profits are not even noticed when it comes.

[code]

I think it is foolish to look a person who invests all your money in one altcon that will depreciate:)))

[luongdk]

Well, it is double-edge sword phrase. mark cuban probably know trusted projects, but i don't have insider information, so i have to diversify my investments.
I can't predict future so I don'tknow which alt will blow market.
What about VC ? venture funds invest in hundreds of projects, majority of them will fail, but some of them will become unicorns and as a result make 100x. This is a point of diversification.

[cryptohunter]

Well, it is double-edge sword phrase. mark cuban probably know trusted projects, but i don't have insider information, so i have to diversify my investments.
I can't predict future so I don'tknow which alt will blow market.
What about VC ? venture funds invest in hundreds of projects, majority of them will fail, but some of them will become unicorns and as a result make 100x. This is a point of diversification.

I don't believe he was being serious.
The statement is ludicrous without knowing the specific context

[YinShuiSiYuan]

I don't recommend holding too many coins. I suggest that only the currency of potential and value is held. Because there is too much to hold. When all the prices are down. Your profit will be compressed very small.

In fact, holding too many coins can be too difficult to control. Diversification is good for me. With a few promising coins in your wallet you can expect a very decent profit.

[bit-freedom]

You do not need to invest in tons of coins in order to diversify. IMO, diversifying in 2 or 3 good coins is good enough. Then again, it depends on your investment capital.

[keykey1]

I disagree with you. To diversify the funds it is not necessary to invest in 10 shit coins enough 2-3 promising coins such as bitcoin and ethereum.   

[Akichiva23]

Well, people have prefferences and reasons as to why they chose to spread out far and wide, sometimes it turns out profitable while other times its just a missed gamble,if you are certain about the quality of the coin you have in store then there is no need to diversify

[CheatingCoins]

most people here have no idea what theyre doing

this entire board is just people asking other people to tell them what to do

90% of threads here are basically titled "should i do this now?" or "is this a good idea?"

Hahah spot on! I've been reading mining forums for a while as well (not just investing) and it's same thing. People will trust complete stranger to tell them what to do with their own money. I do understand having it as a bit of advice and doing your own research but nooo they will pretty much do as told.

[Oasisman]

Lol 10+ coins, I dont consider that as a profitable diversification, not unless if youre holding many coins and actively day trading. I mean not all of those who diversify their investment makes good return, I agree with the fact that by diversifying it increases the level of risks, but there are those who knows how and who dont. There is a difference in contrary, but I also have to agree with the whole Idea with the OP. If you feel like you dont know what youre doing, the better stick to one coin.

[Gwapoman]

different alts have different target markets and industries that they're focused to upgrade and enhance..there are projects focused on LOGISTICS,HEALTHCARE,INSURANCE,GAMING,MUSIC,GAMBLING industries and so on....Crypto is a very young market and we are very lucky to have an opportunity to invest this early with maybe soon the next FACEBOOK,the next FedEX,the next AIRBnB,the next MICROSOFT of the Cryptoworld,so for me,holding 20+ alts won't make someone looks like an idiot.It's just that they saw some potential in those alts that really worth to HODL.

[crimsongoth]

I agree with that they say. Most people are deciding to invest in cryptocurrencies, according to hearsay information or the so-called tips. They don't even know cryptocurrency that they are buying. What does it do?