Do you use diversification?

[crimsongoth]

Diversification would only be useful within certain limits. If the diversity of the investment is exaggerated, it can cause huge losses.

[Jackolantern]

I have never used it but have heard that it is good and it is possible to benefit from the diversification. I think I will learn more about this and I will do my best to find out more about this

[TCTDev]

Yes, I constantly use this strategy. Due to the diversification of risks, I managed to keep my capital. I used to underestimate it.

[crzybilly]

Diversification is the only way to survive in this market. It was always the core principle of investing in something. You must use diversification, if you want to be a successful investor. If you invest everything in one coin, you need to be very lucky, to gain profits. In other 99 percents, you will lose a lot of money.

[TropicalDog17]

I would never recommend to anyone that they put all of their investment into just 1 coin, the risk associated with this is far too great. That isn't to see that it cannot be a strategy that works just that it is a single point of failure. I would pick 4 or 5 projects to invest with that way if one of them turns out to be a scam or fails for any other reason I still have the others to rely on in an attempt to cover and make a profit.

I think only when you hold Bitcoin can you be sure that you have some security. Otherwise, you should diversify your portfolio.

[Teal Deer]

Diversification is one of the Golden rules of investment, which applies to the cryptocurrency market as well. And only fools ignore them. Cryptocurrencies are subject to very strong manipulation, and due to the fact that the market is not yet formed, it has a great volatility. As a result, some tokens can fall in price several times, and some on the contrary grow. To do this, and needs to diversify to reduce losses

[blueteam09]

This is a difficult question for me when choosing the weak Altcoin on the market often makes yourself worried about the risk encountered but these altcoins if really developed will bring huge profits. I am just looking for potential Altcoin and accept low profits.

[dimon01]

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.

Diversification is the key to success in this market where nobody can be sure of anything. It's a great risk reduction method

[JPSelzer]

I agree with the majority opinion. Diversification is a mandatory rule of any investor. This helps to minimize risks. You can leave part of your strong coin and part to sell. And then on the received funds to buy some more coins. If you see the prospect of a token, it is better to leave some part of it for better times.

[mitsarasss]

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.

I am an ardent devotee of diversification, I believe that it is necessary to share risks for various assets. However, the most difficult task is to manage your assets, especially when there are more than 5 coins in the portfolio. Unfortunately I did not find any convenient applications that could help in this.

[zanzibar]

This is a difficult question for me when choosing the weak Altcoin on the market often makes yourself worried about the risk encountered but these altcoins if really developed will bring huge profits. I am just looking for potential Altcoin and accept low profits.

I used to invest in low level marketing projects, but it was a potential project and their products had a certain amount of people and I used it regularly, I believe that such projects and can bring a large profit, not small

[aoluain]

Diversification is indeed important as an investment portfolio large and small.
Im not sure diversifying into other crypto is enough though.

Branching out into other areas which dont have a relationship with your other
holdings is important. A rough example would be Gold, Property, collectables,
Company shares, also consider mixing high rish high return investment with
long term investment. Basically widen the portfolio.

[chokomenia]

Diversification your portfolio is a good thing to practice in cryptos, It's not a good idea to put all your money into one coin, it's good you put your money in different good coins, because you don't know which one will make the highest profit for you in the long run, so diversification is a sure thing for me .

[miropp]

Diversification is a great way. I use it. I think that investing in several promising projects will help you to get a good profit. The main thing is to focus very carefully on the selection of such projects.

[CryptoCoinArbitrage]

Spreading your capital around in crypto will not save your investment if  the market crashes. It depends on which coins
 you  are holding. Diversifying your investment also means to have some in fiat, some in stocks , some in crypto, some
in real estate etc. - not investing everything you have in one area.

[DarkHerO15]

I would never recommend to anyone that they put all of their investment into just 1 coin, the risk associated with this is far too great. That isn't to see that it cannot be a strategy that works just that it is a single point of failure. I would pick 4 or 5 projects to invest with that way if one of them turns out to be a scam or fails for any other reason I still have the others to rely on in an attempt to cover and make a profit.

I don't see how diversification will be detrimental. We can select good coins out of many bad ones. I think diversification is the best strategy because it allwos you to still have profit even if other coins you're holding failed.

[pilitusanelidus]

I think diversification is always great stratagy, you can read it in any manual of common finincial management - that's what all the investors do.

[swetka]

I think diversification is always great stratagy, you can read it in any manual of common finincial management - that's what all the investors do.

pleasant The lower state of the crypto-currency market is a strategy that can play no big role, at least the results will be minimal.

[Jannn]

Any person that does not diversify their portfolio is cruising for a bruising, not only do you stand to risk a large part of your investment when the market inevitably crashes (as do all markets), but you might also potentially devastate your own future if your losses are severe enough. Spread your assets among different industries, some high risk, some low, some crypto, some traditional, and hence your risks as much as possible.

[Skortish]

in order to prevent being at a massive loss and possible heart break, i choose to go for diversification. nevertheless, not at all times that i really go for that but its really safe and secured for me.