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Author Topic: Should We Diversify Our Investments?  (Read 1426 times)
LDenis555
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December 18, 2018, 05:05:54 AM
 #161

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.
This is the right recommendation for both beginners and experienced investors. It is necessary to have several different projects in which you are ready to invest, it is impossible to know exactly which of the projects will give the maximum profit, so you have to be careful when choosing projects.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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December 18, 2018, 05:49:11 AM
 #162

Investing in one coin is too risky. I would not recommend. It is better to collect a portfolio of several coins.

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December 18, 2018, 06:12:29 AM
 #163

Yes, diversity is a good idea but we should not over diversify because its might also leads to loosing all at the same time. Be wise when trading cryptocurrency.
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