How should i diversify my crypto portfolio?

[iv4n]

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.

But which coins have a chance to rise in price? Nobody knows! That's why it's important to do at least some research, to check for yourself what's behind some project... It would be so easy and simple if we would know which coin will go up in the future, I guess we would stack that one until insanity, selling everything we have and waiting for the bullish periods!

Diversifying means choosing multiple investments instead of going all in one! I guess many coins and tokens have potentially great futures, but nobody knows anything for sure! It's why people need to be ready to take some risks and get into what they believe, not what they heard from others, we should make our own choices and simply trust them!

[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.

But which coins have a chance to rise in price? Nobody knows! That's why it's important to do at least some research, to check for yourself what's behind some project... It would be so easy and simple if we would know which coin will go up in the future, I guess we would stack that one until insanity, selling everything we have and waiting for the bullish periods!

Diversifying means choosing multiple investments instead of going all in one! I guess many coins and tokens have potentially great futures, but nobody knows anything for sure! It's why people need to be ready to take some risks and get into what they believe, not what they heard from others, we should make our own choices and simply trust them!

As long as you only choose bitcoin, you can expect to make profits in the short, medium and long term. But if you want to buy an altcoin, maybe you can analyze and research the list of the top 50 coins on CMC or CoinGecko because I see the potential for it to be bigger than the coins outside that list.

Choosing coins will never be easy because each coin will provide information that their coins will increase in the future. But in reality it won't be because only coins with strong support will really have the potential to go high in the future. So we have to analyze the coins one by one to find the right coin before buying.

[Orange89]

That's why SIP is Very important for SIP let's say you have 50$ DON'T invest whole money Try to invest 10$ wait for a month then invest another 10$ and ... In these way we can get the Minimum lose
And why are only Investing your money in Eth you can diversify your portfolio into different coin so that if some Hack or Exploits such thing happen then you may not lose all your money You can take the help of Various Platform to find the low marketCap coins like Coinmarket Cap , Coingecko... To diversify your portfolio

[SistaFista]

Usually, the dropping and rising price in cryptocurrency is very common and temporary because the high volatility.
What we can do is minimize our loss by not putting our money on a single crypto coin.
Beside ETH, there are some other alternate good coins to buy such as BNB, MATIC, SOLANA, etc.

[MFahad]

First of all divide your portfolio into twor parts. First to invest in current Market while hold for next dump.
First Part also should be divided into three parts
1: 50% for Low Risk Coin like BTC , Ethereum,Matic and Cardano
2: 20% for High Risk Coin like Shib,Ape and Dogecoin
3: 30% for Next Trend coin like Sand,Mana,OP and Lido

You have not mentioned how much fund you have, if you write it will be more easy for us to give opinions.

[kapalmabur]

Usually, the dropping and rising price in cryptocurrency is very common and temporary because the high volatility.
What we can do is minimize our loss by not putting our money on a single crypto coin.
Beside ETH, there are some other alternate good coins to buy such as BNB, MATIC, SOLANA, etc.

It also makes it difficult to predict crypto price movements and people who have been here for a long time are already familiar with it,
every trader does need to do that and they also have their own way of minimizing risk,
the coin you mentioned is also a good coin and has the potential to continue to grow

[Ziskinberg]

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

Well, it was too risky investing in a single coin, you need another one or even more to accompany it and of course, for some profit assurance, if ever you lose in one project, there is another to help it recovers fast.
You can retain ETH in your list but you have to add another coin. This is a common practice of the investors, I guess we need to apply this as well to ourselves knowing that it certainly works for the majority. 

[BuNga_cute]

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

Well, it was too risky investing in a single coin, you need another one or even more to accompany it and of course, for some profit assurance, if ever you lose in one project, there is another to help it recovers fast.
You can retain ETH in your list but you have to add another coin. This is a common practice of the investors, I guess we need to apply this as well to ourselves knowing that it certainly works for the majority. 

In any investment, we should never spend our capital to buy only one asset, it is too risky to do. As many experienced investors say, never put
all your eggs in one basket. This means that investment diversification is very important to reduce our risk when investing. As you have explained,
suppose we invest in several coins, if we lose from one coin, we can make profit from other coins. Although ETH is indeed a safe project for investment,
but it would be much better if we also invest in some other coins. What is certain is not to list too many of our portfolios, because too many will be
difficult to monitor and ineffective in generating profits. I think 3-5 coins are enough for investment diversification, make sure the portfolio list
contains potential coins. My advice is to avoid investing in new projects or shitcoins, that's a very high risk and will likely only make us lose money.

[Questat]

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.

Bitcoin and binance are the best only for stable investment but not for how big profit that you will get it from investing on binance and bitcoin. ROI is too small for investment. He must also try to look at different field other than ethereum and bitcoin.
Bitcoin and ethereum are very mainstream investment in these days. Going to both for long term may be a good choice but not about going for short term investment.

Perhaps, it was the choice of the majority and I can't imagine why OP is trying to ignore it and curse them.
As we can see that despite the volatility of Ethereum, many people are still having the interest to invest and hold this for many years because they know holding this project is certainly profitable, unlike shitcoins and hyped projects.

Well, nothing to say about BNB, something it was worth enough to invest with. Keeping those on the top coins in the market is a good choice, can't deny it.

[fuguebtc]

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

If you were not already Invested in Ethereum, you would have had at least not less than 50% of your investment in Bitcoin however since we are already here, Ethereum is also a good coin for investment when talking Altcoins, and don't bother about the current downtrend of the market, as long as you didn't sell you are good till the bull season. I understand it can be depressing at times seeing your investment going down it would have been the same with Bitcoin cos every coin is experiencing this right now.

With the exception of Bitcoin, if you buy any altcoin now, you will be in the same position as if you held ethereum at this time, perhaps even worse. Ethereum is a good enough investment, I think OP doesn't need to diversify his portfolio with other altcoins, if OP still wants to diversify then bitcoin is the best choice. We are in a bear market so all fluctuations are normal, everything will settle down soon so don't worry too much. Be consistent with your choice.

[ItsCrafty]

When there is decrease in the value so you can never make an idea in which you will face loss, you will never want to drop your money. So in order to reduce your risk there is an option to divide your cash and put differently in different sort of investment, you should use distinct strategic plans. You should choose coin which is good in giving payback, selection of distinct projects and distinct coin will aid to overcome your loss.

[Widdop37]

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

If you were not already Invested in Ethereum, you would have had at least not less than 50% of your investment in Bitcoin however since we are already here, Ethereum is also a good coin for investment when talking Altcoins, and don't bother about the current downtrend of the market, as long as you didn't sell you are good till the bull season. I understand it can be depressing at times seeing your investment going down it would have been the same with Bitcoin cos every coin is experiencing this right now.

Only crypto newbies will feel depressed when their wallet shows less value because of bear market, I have been into crypto for long term and the fear of losing money made me lose good opportunities, I will look for more money to buy dips instead of worries.

[Huppercase]

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

The market sell off is didn't affect you only, it has affected everybody, the reason why Ethereum is dumping right now is that some people are speculating that the merge may not go successfully and the traders are selling, and bitcoin is also dumping since last week but holding Ether is not bad for your portfolio, it will grow very well in the future.
If you want to hold or diversify your portfolio, add Solana, Avalanche, Fantom and Harmony, those are the layer 1 protocol projects that will become the future of cryptocurrency because they are the one that follows Ethereum right now and not shit coins.

[jaberwock]

In any investment, we should never spend our capital to buy only one asset, it is too risky to do. As many experienced investors say, never put all your eggs in one basket. This means that investment diversification is very important to reduce our risk when investing. As you have explained, suppose we invest in several coins, if we lose from one coin, we can make profit from other coins. Although ETH is indeed a safe project for investment,
but it would be much better if we also invest in some other coins. What is certain is not to list too many of our portfolios, because too many will be difficult to monitor and ineffective in generating profits. I think 3-5 coins are enough for investment diversification, make sure the portfolio list contains potential coins. My advice is to avoid investing in new projects or shitcoins, that's a very high risk and will likely only make us lose money.

I would go against this, I would guess that we shouldn't be really assuming that we could be investing just on bitcoin. I mean think about it this way, there is a chance that bitcoin could be your only ever investment and still would make you a lot of money. That's why I believe that we shouldn't be worried about it, bitcoin is the king. I get that gold, stocks, forex, oil, real estate, not anything could be just "one" investment.

But at the end of the day, we can have bitcoin alone and that would be a great deal, it could make you earn a good amount of money and that could make you a rich person. I am not all in bitcoin, but I could be and I would be fine with it.

[bocyaj]

If you diversify the income into Ethereum and Bitcoin is not the good option. Because the dump and pump in both this coin will occur in same time.When we inverse 50 percentage of money in the Bitcoin or Ethereum. The remaining money should be diversified to 10 trusted altcoin.Or else, you split the second 50 percentage into two half. First half tends to the most traded altcoin and second half will invested in good tokens.

[Luqman]

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

What is your purpose for investing? Short-term or long-term? This is currently still in the bearish era so the price of all coins including the top coins is still decreased. That is why one of the strategies to be implemented during this bearish era is by letting our portfolio and adding some top coins if possible. Diversifying in crypto investment is important. We can diversify into some options. But the most crypto to invest in and have is Bitcoin at first. Then, followed by ETH and other top coins. I am sure that althought hey are still dropped right now, they will be able to srvive and the rise up again in the enxt bullish era.

[dunfida]

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

What is your purpose for investing? Short-term or long-term? This is currently still in the bearish era so the price of all coins including the top coins is still decreased. That is why one of the strategies to be implemented during this bearish era is by letting our portfolio and adding some top coins if possible. Diversifying in crypto investment is important. We can diversify into some options. But the most crypto to invest in and have is Bitcoin at first. Then, followed by ETH and other top coins. I am sure that althought hey are still dropped right now, they will be able to srvive and the rise up again in the enxt bullish era.

Accumulation is the key since everything is really cheap compared on previous months which it is really just dumb that you wont really be having considerations on adding up some coins on your port.

Well, this do vary on someones financial capacity since not all does have the money on doing so.Therefore, you should really act accordingly on whatever risk management you do really have.

Diversification is best but not all does have the capability on doing so thats why it do really limits out possible profits on someone that might able to take.

[Xampeuu]

The main goal of diversification is to share the risk by investing in multiple coins. for the distribution of the portion of the funds we invest, of course, varies, according to the level of risk of each coin. in this case money management is needed, to maintain our psychological stability against price volatility. Of course, the BTC and ETH coins are the biggest ones to invest in, and the others are according to their respective analysis. and I warn you to focus on long-term investment until waiting for the bullish season, so that we are better prepared to hold it, if the bullish season comes sooner, that is a bonus for us.

[TheUltraElite]

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

Rather if you did the same with bitcoin you might have had better outcomes.

However I must clarify one thing - any top coin on CMC or CG list can be a profitable coin if you get in at a low price. Possible that your buying price was much higher.

So instead of diversifying the number of assets, you should diversify the positions of the same coin. Buy the same at lower price and wait for the price to rise so you can sell.

You can also buy Bitcoin, but since your reserve money might be low at this point I would not suggest it as the first step. This can be done when you get your next salary. Please do keep an eye on charts and buy accordingly at low price, otherwise don't buy.

[Pterosaur]

90% in new altcoins and 10% in BTC, this could sound crazy but you will triple your investment this way, every year that bull market comes almost all the coins and tokens in top 20 gets replaced by new altcoins, that's the key, find new projects that solves the problem of old top ranked altcoins and you will make incredible gains.