Should We Diversify Our Investments?

[crypteris]

Yeah, it's the same with making investments. As Iwillgotothemoon said, that can help reduce risks while trading and keep you safe from losing everything. Some people even ask about how many coins traders should have in their portfolios. Well, as many as they can afford to buy. I have only btc and eth and sometimes I exchange btc for xrp on CEX (https://cex.io/xrp-btc).

[newbie-hero]

Yes you should. Because when you keeps on focusing into just a single coin and when the time comes that it suffers a dump price, you can get a low profit even a negative one. But when you are in diversification, you can retain the loss profit into other coin.

Yes, of course. And here, we should speak not only about investing in different cryptocurrencies. You can also invest your money in some promising business, private property or at least gold and silver.

[xeltran]

Diversify your investment but not to much cause you need to think how much your total investment will be the factor or you wont end up gaining rather than loosing everything. for example would you diversify your 100$ investment into four alt coins? no right? cause you will just end up buying a small amount and if its even moon it will just have a small effect on your main portfolio but things will be up to you

[lKSLMNSLKnkndlksnkJ]

Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if  one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.

Just my opinion, but a full-blown portfolio put together to create an immunity from the fiat disaster that is right around the corner will include gold, silver, and lots of crypto.

In crypto, I would want a good bit of the majors as stores of value, but I would also be looking to spread the wealth amongst at least 20 different alts for diversity.

I've been bounty hunting for a long time and likely have bits and pieces of over 500 alt currencies at the moment.

I fully expect the majority to be worthless in 5 years, but the 10% or more that do well, should make a big difference in the lives of my children and their children.

[Zadicar]

spread to some investment only applies to those who have a large capital. even novice when yet experts also will be difficult to monitor a lot of investment assets. It would be better when it focuses on one thing and make it a lesson first then this will be a good start. not a problem when just one investment first and when can handle it can be copied.

Experienced investor would really have that capability on monitoring multiple investments and it isn't bad to focused on one but if you do saw you would need to expand
then you should need to risk up.

I think it depends on deposit, how much. Sometimes i prefer buy 1 egg for all deposit. If project can make me profit in nearest time

Then what you do called on your deposit? lol

[GREENch]

Concentrating your investment in a single coin is definitely a rash move. But I keep 30% of my crypto portfolio in bitcoin, because it is a more stable coin among all existing cryptocurrencies.

[Hillore]

Of course, it's necessary. I think this is the first and most important rule of all successful people.

[elenka n]

I think that it is quite reasonable to keep your investments in various coins, for the reason that some kind of income will bring in the future!

[Ranly123]

Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if  one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.

It's either of the two. Whether you diversify or focus on one cryptocurrency as long as you understand what the progress of the coins you invested upon. It's better to do some research on the coins you want to invest even you fucos on one or many coins it's all up to you.

[fortunecrypto]

Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if  one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.

I will say the same thing, diversification is very important, in your investment and in your bounty campaign, you never know what will happen if you are going to invest in one coin you could lose all your investment, because you pour it in one coin, whereas if you have diversified some of your coins will make you a profit.

[faceoff97]

Personally, I'm diversifying my investment since I have multiasset wallet. It helps me to not miss any potential gain a coin coyld give. Holding multiple kind of coin is a lot more easier when it is stored in a single wallet. I believe that Bitcoin has still something to offer, but having altcoin make me acquire more volume of coin than butcoin since  it is more expensive. Just be sure that when you have already bought coin from exchange transfer it to an open source wallet to assure security. Hodler wallet best fit in for multiple coin holders.

[Accts4u2]

Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if  one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.

It is always the best thing for us to diversify our investments when you are buying coins  because that way you are making sure that you are mitigating the risks you are taking when investing in cryptocurrencies. The best way to make sure that you are not losing too much money is to invest in different coins so that when one coin fails you can be sure that another one is still available

[GatotKaca]

Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if  one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.

That depends on everyone's strategy. In my opinion if you want to invest in the long term, then invest in one coin that you think will really be of high value if held for a long enough period of time I think that is the right choice. But, if you invest in the short term, maybe investing your money into a few coins is the right choice to reduce the risk of loss if one of the coins falls.

[Ann Impas]

Yes, it is the best strategy. Diversification of investment should always be practice in any form of investment because it lessen the risk and also creating an opportunity on diverse investment. 

[tatnM]

Yeah, it's the same with making investments. As Iwillgotothemoon said, that can help reduce risks while trading and keep you safe from losing everything. Some people even ask about how many coins traders should have in their portfolios. Well, as many as they can afford to buy. I have only btc and eth and sometimes I exchange btc for xrp on CEX (https://cex.io/xrp-btc).

In fact, it is a big risk to invest in only one asset, force majeure may arise at any time, no one is insured against it, so there must be diversification.

[Litefoxx1698]

I did this and I am doing this all the time because I know that if I lose some money in one coin I will cover my loses by profit from other

[Supec77]

Of course the risks always have to say so, and to diversify the investment portfolio so to speak, and in simple terms not to lay all the eggs in one basket, as can anything happen even with the coolest project,and if you put everything in one project, there is a possibility that you will throw, and the company can say that everything is fine, and one day it will stop working site and everything else, so that everything can not be in one place to lay down!

[chikucrypto]

Yes we must  invest in diversify by that there are very less chance for loss and there are more chances to get profit.

[organelles]

Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if  one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.

It is always better to diversify when you are investing that is as volatile as cryptocurrencies. There is never any way to tell how the coins are going to turn out or if they are going to end up doing well so you mitigate the amount of risks you are taking by investing into other projects which would be to break your fall in case one project does not work out

[gostop]

Diversified investments are very beneficial for the good development of cryptocurrencies, because coin growth is often inconsistent, so this method is very correct in cryptocurrency, but the cryptocurrency market downturn is wrong because you have difficulty managing risk.