How should i diversify my crypto portfolio?

[Smack That Ace]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

Majority here will think that it's better to invest most in BTC, there are old school thoughts that at least 60% will be in BTC and the rest should be divided on solid altcoins like ETH, BNB etc.

But if you don't like volatility, I mean if you are afraid that your portfolio going down hard when the market crashes, then you should diversify to other assets such as stocks, gold or even real states. But then again, you should need a huge capital if you want to do that.

Investing in some of the top altcoins is fine however to do so with the intent of reaching some level of diversification is at least to me a mistake, because that is not really the way in which you can truly diversify your capital, and as you said if that is what you want then you need to use other markets in other to reach that goal, however this can also be a risk as the economy is not doing well and we could watch an overnight crash of the stock market and your losses could be massive despite the diversification strategy you were using.

In my opinion, diversification is the diversification of different investments like cryptocurrencies, stocks, gold... that's really called diversification to reduce risk. We split our capital to invest in bitcoin and altcoins, which is the right thing to do but it's clearly not a diversified form of investment.
The crypto market is completely dependent on bitcoin so when you hold altcoins it is also very difficult to avoid losses if bitcoin drops in price so diversification in this case will be less effective.
@OP if you are afraid to hold ETH then you better move your assets to BTC, BTC is the best choice in crypto.

[Ararbermas]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

you should focus on long term if you're sticking in ethereum because it will not work for you and will become gambling if you want to gain quick profits in it.. There's a lot of crypto currency in the market, indeed where in just learn how to make technical analysis as its the most important thing when it comes choosing a good project to make profits.

[AmoreJaz]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

you should focus on long term if you're sticking in ethereum because it will not work for you and will become gambling if you want to gain quick profits in it.. There's a lot of crypto currency in the market, indeed where in just learn how to make technical analysis as its the most important thing when it comes choosing a good project to make profits.

if i am the OP, i won't forget to put some money in btc. remember, most alts come and go in this market, but btc keeps its top position throughout these years. even ETH, just comes in second to btc. to diversify, he can always start in the top 10 coins, and then, dig deeper, check their potential, do they have bright future? check their developments, are the devs still active in their target activities? do they continuously innovate and look for activities that will make their network relevant to the market?

[CuriousGeorge]

The only reason that made me worry about ETH is that $890 drop while bitcoin held $17k which i had imagined it might happen again, i had also entered ETH at 1.1k - 1.4k - 1.7k

Make sense but you are making a wrong prediction. It seems like ethereum is still trading under 1,7k and that means if you have been loosing small amounts of money from your portfolios. It's better to diversify your portfolios if you must also face the same risk like when you are investing in ethereum.
I see no difference between big or small coins. The only different thing is possibility to make money from small cap coins far greater compared with high marketcap coin.

[AjithBtc]

Investing in one of the trusted crypto doesn't hurt you big. Just look upon the investment, your ethereum that dropped down to $900 range is now above $1700. Even bitcoin haven't given this growth by the time. According to me, when the invested asset is in the top order the risk is low. However it is always suggested to have a diversified portfolio in which there needs to have an allocation for bitcoin.

[lienfaye]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

Diversifying is not bad because it is also risky to put all your eggs in one basket. However it depends on the coins that you're going to choose since it is also risky if you're going to invest in just any coins just to spread your portfolio. Thus make sure that you conduct a research for the coins that you'll choose. But you already have ETH, you can invest in Bitcoin because its a top coin. IMO established coins are the best option because its worth it even you need to wait for long period before you can profit.

[Smack That Ace]

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The only reason that made me worry about ETH is that $890 drop while bitcoin held $17k which i had imagined it might happen again, i had also entered ETH at 1.1k - 1.4k - 1.7k

Yes, they might happen again but also won't happen again, who knows? but as you can see bitcoin fell to $17k and ETH to $890 but as soon as bitcoin surged to $24k ETH quickly crossed $2k. Assuming your fear comes true, the market will continue to fall and your ETH will also drop below your buy level, but if you are a long term holder then you don't need to panic, because bear market won't last forever, the bears will soon have to leave and make room for the bulls to come in. Think if BTC hits 100k, then ETH also has a chance to hit a new ATH of 5k USD or 10k USD which is entirely possible. So I think you should keep holding your ETH.

[Fara Chan]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

That is why investment is not only done on one coin, you can find another coins that can provide good returns at a certificate, ethereum is good in the long term but is not enough to relay solely on one coin.
Therefore you can convert to bnb and to other potential altcoin, because in the market many coins that you can find

[adzino]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

Put most of your coins into Bitcoin and then ETH. Use the rest to invest in rest of the top 10 or 20 altcoins. If you want to try your luck, invest in some random coins that you think has a good potential (i mean those that aren't bluntly scam coins). Don't sell as long as you in loss.

ETH might rise more soon before the merge happens. You can try investing more in ETH and then sell it as soon as the merge takes place.

[LogitechMouse]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

It's an altcoin so no surprise that it's more volatile than Bitcoin.
You said that you gambled in ETH. You must be ready with the huge drops and at the same time, be ready if there is a huge price spike up.

How should you diversify your portfolio? What will I said will be just my preference and I know that others have different strategies in how they are diversifying their money.
50% BTC
30% ETH
10% other top 10 coins
5% top 50 coins
5% meme coins or more risky coins that you want to gamble your money with.

Like I said, that is my preference and others are doing differently. BTC and ETH are the ones with most allocations because they have been there all the time. They are at the top 2 spots in market cap for a long time and whether it is a bear market or a bull market, they stayed at the top so I think investing in both of them is a good choice. You can copy mine or others depending on the amount of money that you are willing to invest.

[Jawhead999]

I will say diversify crypto portfolio is really a bad idea since crypto market are mostly depends on Bitcoin, if you have bought 10 coins and the market is dump, 9 or all of your coins will dump too. But if you want to diversify your investment portfolio with other assets e.g. gold, real estate, stock etc it's a wise idea since each assets have different characteristic and market. So if gold price is decrease, you still have Bitcoin, real estate and stock that would cover the lose.

[bitkanu]

I am always checking the top 100 altcoins and researching among them. There are so many potencial altcoins. It's better to invest in many altcoins rather than the only one. I diversified 75% of my fund with BTC, ETH, LTC, EOS, BNB, ROSE, and DOT

I think that you shall not include EOS in the list. This project is almost die. I think that EOS must be replaced with a better coin other than it. I can't agree with it. The rest was good to be used as investment but it's not for EOS. The fact that if EOS didn't even surge.
This coin almost become a forgotten coin. EOS is not worth anymore to be used as a way to invest your money.

[Inwestour]

I think that you shall not include EOS in the list. This project is almost die. I think that EOS must be replaced with a better coin other than it. I can't agree with it. The rest was good to be used as investment but it's not for EOS. The fact that if EOS didn't even surge.
This coin almost become a forgotten coin. EOS is not worth anymore to be used as a way to invest your money.

EOS is a forgotten coin by many, I noticed such a trend that when the majority loses interest in a coin, then it happens that it can grow well. But I would not include it in my portfolio, I am now leaning towards the fact that only bitcoin can be held in a risk-free portfolio, and as for altcoins, I still think that you need to be very careful, at least until a bull market will start and we will see which of them is able to rise.

[XwWnu]

diversification is indeed a good thing in trading, especially investing, it is highly recommended,
because diversification can minimize risk, of course if you want to diversify your portfolio,
you only need to choose 3 coins, because if you diversify a lot of coins in your portfolio, you will be confused, I guarantee that

[Fara Chan]

Yes OP can choose potential altcoins over the top 100 coins on coingecko and you should allocate them appropriately to both minimize risk and maximize profits. In addition to eth, OP can add bnb, sol, dot, matic. we have a lot, choose depending on OP's preference. If you want to be more secure we have bitcoin.

Exactly my friend, the OP has an important role here, depending on the understanding you have, if a certain coin can provide a suitable return, then he can take part in it, the decision greatly affects the success rate.
BNB, Sol, Dot, Metic can be chosen, but I prefer BNB for the main investment, maybe later it can be converted as needed, other coins that you want to invest

[ninoZNT]

You should also buy some Polakdot because Gavin Wood is a really good coder and participated in launching Web3. Polkadot is Web3's official cryptocurrency and Web3 will be huge.
Better don't miss such a gem.

[Wong Gendheng]

The easiest thing is that we choose the biggest portion that we rely on, do not share the portion of assets evenly because we will be difficult to save assets when it happens, because usually cryptocurrencies have the same trend or price graphics and depending on top coins like bitcoin and eth.

[Morningstarr]

Ethereum is not a bad or risky type of project to worry about But still, if you want to diversify your portfolio then BTC and BNB are best.

[Ben Barubal]

How should i diversify my crypto portfolio?

I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC

In my study through google search, we have many options to choose cryptocurrencies besides Bitcoin and ETH. From what I can see, it looks like you just poured your capital into a coin like ETH which is currently down a lot in the market due to volatility.
And no matter what cryptocurrency we buy, there is always a risk or gamble involved because of the volatility they have.
Maybe, the best thing to do is to check and find out the top 10 cryptocurrencies and choose the ones that you think will give you more profit in the future.

[pieppiep]

To diversify your crypto portfolio, you should buy coins that have a chance to go up but you have to research which coins have that chance. If you don't research or analyze the coin, you probably won't have that chance because every coin on the market has an equal chance of increasing. You must be aware of this to choose the right coin for your investment.