Do you use diversification?

[Agniya]

It is definitely not necessary to put all your savings into one basket. The more you diversify your investment, the less risk.

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[lantan81383628]

Diversification is the best way to reduce risk and maximize profits. Buy them when you think they are at their lowest price.

But I also use some of my profits to buy my favorite COINS.

[DmitriySar]

Investing in one coin is accompanied by greater risks. It is necessary to use diversification if you do not want to lose all your savings, which you invest in one coin. It is desirable to distribute investments in certain proportions depending on the level of risk.

[trickyriky]

I have no doubt that diversification is an appropriate strategy for any responsible investor looking for a way to minimize risks, however, seeing the behavior of the crypto market, where there is a clear dominant (bitcoin) whose behavior has a drastic and direct influence on the behavior of all the other altcoins, I believe that adequate diversification does not mean buying numerous unknown altcoins, but investing in other less volatile investment instruments, such as metals, currencies or stocks.

I always diversify my investments and usually there are from 4 to 7 different coins in my portfolio. But I wouldn't sell a "strong" coin to buy a "weak" one. There's a high possibility that weak coins are crapcoins, so why would I sell my strong asset to buy some crap? I'd better hodl.

[HichemFetoui]

diversification is not the same for all investors some of them simply diversify in fiew one less than 5 some in less than 50 and others more than 100 personally i can only monitor 5 or less project

[Underw00d]

   I do not buy many different coins. Max is two. And I keep until I'm satisfied with the price. It happens a long time. Let it be for now

[DeepChipolino]

Somehow it so happened that I have +30 coins and tokens. I think this is the other side of diversification. Even if some coin does a lot of Xs, it will not give a lot of money, because the funds are too spreaded. Good earnings are possible in the case of many Xs in several coins.

[MidnightWolf]

Somehow it so happened that I have +30 coins and tokens. I think this is the other side of diversification. Even if some coin does a lot of Xs, it will not give a lot of money, because the funds are too spreaded. Good earnings are possible in the case of many Xs in several coins.

Be sure that out of your 30 names of coins, at least a few will give very positive results in the future. We understand that the entire crypto-currency market has fallen by almost 100%.

[Torps1]

Diversification is a great way to cut down on any possible unforeseen risk, anyone investing without diversifying is doing so at great risk. Personally I diversify my crypto investment as well as non crypto assets.

[doycku]

Diversification is a great way to cut down on any possible unforeseen risk, anyone investing without diversifying is doing so at great risk. Personally I diversify my crypto investment as well as non crypto assets.

but nevertheless everything turns out not as you plan, Especially if you take into account the current state of the crypto-currency market, then such actions can give a minimal result.

[ADgordo]

I leave my assets actually. I have some chances like this. but i didint do diversification. because always i believe my holding coins will be very valuable . and i dont want to risk it.

[milani]

With no doubt it is better to use the diversification, first - in order to minimize the risk of losses when the coins decrease in your crypto portfolio.

[waterproof]

For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?

Yes, sometimes it helps If you have an altcoin and it falls, it is better to sell it even with a minus, until it falls even lower. Then you can re-buy it, the amount can be more than you sold.

[pazzanegro]

I use it for long term holding. I think there are more chances to gain a lot If you have multiple coins blockfolio. I have around 20 different coins Im holding for next 5 years

[nelson4lov]

It is definitely not necessary to put all your savings into one basket. The more you diversify your investment, the less risk.

The concept of diversifying one's assets goes two ways. First, You get much lower risk but doing so might expose you to even greater losses. Before the bear market, I used to be a big fan of diversifying. So I bought a couple of coins and added them to my holdings. But when the bear market came, I was receiving 10-15% loss on each asset. But If it was just one asset, that's only 10% loss instead of 20%
. That's why a lot of people opt for hedging their assets into USDT in times like this.

[smoolae]

Diversification has to be made in a smart way. I have seen people who have bought like 10+ different coins/tokens and the end result is that they just cannot manage them. And so the first good idea just becomes a big mess.

It's usually a good idea to choose up to 3-7 currencies you like/see potential and keep things well organized.

[Kiefner]

I constantly use diversification of my risks when investing, but at the moment it does not work. The whole market goes down. It's good that I keep 30 percent of my funds in bitcoin, as It fell much less relative to the same Ethereum.

[papagravel]

Diversification has to be made in a smart way. I have seen people who have bought like 10+ different coins/tokens and the end result is that they just cannot manage them. And so the first good idea just becomes a big mess.

It's usually a good idea to choose up to 3-7 currencies you like/see potential and keep things well organized.

In my portfolio there are about 20 coins and tokens in which I invested. There are also many tokens that are received for the campaign bounty.
I manage to monitor the prices for all this. True, I had to buy a powerful computer with multiple monitors, but this is primarily for daily trading on exchanges.

[Abolaji11]

Diversification is the key in every investment. It not advisable to risk all your investment on a single project. Although if you did invest on a project and the project do very fine,  then you tend to gain more but how about if it does other wise? That mean all your investment vanish. Now, another important decision is how you diversify your investment? How much you allocate for a project should be base on your experience and your research about the project you investing, the chances of success of the project and so on

[BartS]

For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?

If the coin in which you are invested is still going up and it's not showing any signs that is going to go down anytime soon then it's your responsibility to yourself to remain invested in that coin until it gives clear signs that the bull market is over, I say this because a lot of people try to find many winners at the same time and close their positions short when they could have held their coins until the trend changed, and at least to me that is a mistake.