How should i diversify my crypto portfolio?

[Myrzapb]

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

[Oshosondy]

This should be in altcoin discussion so far you are holding ethereum.


This is unrealized loss, I will not advice you to sell for now if you are capable of holding it for like a year or two. Holders make profit because they did not sell when they are losing, just like Microstrategy.

Know that altcoins are riskier, I prefer bitcoin, but ethereum is not bad among altcoins. Know that altcoins holding is like you are gambling, I can not advice anyone to hold altcoins.

[Strongkored]

How should i diversify my crypto portfolio?

diversifying looks good because it means you don't put all your eggs in one basket but this thread explains very well that it can also be dangerous Is diversification into different coins really a good advice for Newbies?
but this is for bitcoin lovers not altcoin holders

[passwordnow]

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 with its high volatility

Just choose bitcoin and make a big portion of your portfolio there. Next is ETH and you're doing it right. You don't have to diversify a lot as long as you've got the best in the market.
Tell us how much capital that you're longing to diversify? Because if it's not that a lot then you should just pick bitcoin instead and just leave it there but if it's really a lot, follow the first advise that I've said.

[ethereumhunter]

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 with its high volatility

You just need to buy other coins as your investment. But to choose this potential coin, you have to do some research to find the right coin. If you just invest in crypto without doing research, it's the same as gambling and you probably won't be able to profit like everyone else.

Maybe you should try investing in bitcoin and try to buy more bitcoins if the price drops. But before investing in crypto, you should know how much money you can invest and don't spend all your money on it.

[palle11]

How should i diversify my crypto portfolio?

Buy bitcoin to add to your etheruem, buy more bitcoin, buy more etheruem and you are fine like that.

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

You will be gambling more if you were investing in altcoin that is not etheruem. Etheruem is also as reliable as bitcoin so hodling it is lesser risk to shit coins. The volatility is all over including bitcoin, it also give you profit like it drops your profit. If you don't like the volatility then you don't need to invest in cryptocurrency or you only hodl in usdt.

[SquirrelJulietGarden]

How should i diversify my crypto portfolio?

Crypto market means risky and diversify your portfolio in crypto market is risky too.

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

Don't invest all money into anything. Never.

Don't keep all your money in fiat currency. You should diversify it into gold and other things like real estate (if you don't invest in crypto).

With cryptocurrency, Bitcoin should be your first one for your portfolio. Next one is ETH by that I mean you chose a good one but a little bit bad because you put all money in ETH.

A next one is BNB. I think fiat currency, gold, Bitcoin, ETH, BNB are good for your portfolio. Don't diversify more in more altcoins. You will lose money with altcoins.

[Dollar_Hunter]

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

oh yes of course, diversify is very necessary in the world of trade and investment,
not even just in crypto currency, it can also be used in the stock market, because it can minimize risk.

[cryptoperkele]

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

Sounds like you answered your own question. If you want stability, invest less volatile coins. That on the other hand brings less profits as well if you don't know when to enter or when to exit. Also there's time frame. You should invest in terms of years, and not to panic for first real bear.

[GreatArkansas]

(....)
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

Ethereum and Bitcoin for me right are highly correlated to each other. They are both high market cap and seems the only different of Ethereum right now is the upcoming The Merge update which you can say the volatile is high for this but for me it's already done, from $1,000 and tested the $2,000 earlier, for me that is already the effect of The Merge update of Ethereum.

[bitkanu]

Just try to decrease the total amounts in your portfolios and then put it into the various coins that you are thinking that's legit. i do believe in this case if you are also facing a huge risk caused by sudden drop that happened in ethereum. Putting all in one basket is something a good thing but once it was going down so hard and your portfolios will get rekt. You shall try to diversify your portfolios. the hype for merged already gone. There's nothing to hope with ethereum

[sheenshane]

Diversifying is always good if you know what coins have a potential for long or short-term holding.
But IMO, I'd like to stick to Bitcoin and give a small portion to Ethereum in my portfolio.  Both coins are good to me and have the potential that could give a profit someday.

However, every time when there's a bear trend market, it's good to increase the amount in your portfolio, buying in a DCA way will potentially make a profit.  For now, I discourage you not to sell your asset since everything was down the price in the market, just wait until your profit were there and never sell under the price.

[Silberman]

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 with its high volatility

Just choose bitcoin and make a big portion of your portfolio there. Next is ETH and you're doing it right. You don't have to diversify a lot as long as you've got the best in the market.
Tell us how much capital that you're longing to diversify? Because if it's not that a lot then you should just pick bitcoin instead and just leave it there but if it's really a lot, follow the first advise that I've said.

I m trying to diversify 6k$ and so far i m thinking of going  50% bitcoin , 25% ethereum , 25% sol/ada/vet etc

If you truly want to diversify your investments then I will recommend to you that you think twice about investing even more money in this market, you do not have to be a genius to see that when bitcoin goes down almost all the other coins begin to go down, and we saw something like this happening during the last few days, so diversifying in different altcoins is not going to help you much, so it would be a better option for you to select other markets in which to invest those 6k dollars.

[X-ray]

that's not good to only focusing with one coin. I meant your money can make you more money when you are investing in the low cap coin. The low cap coins meant the more chance to growth. Mostly of people were also diversifying their portfolios. I think that you shall not waste all of your time to only invest in 1 coin. Think about this so many people earned bunch of money by diversifying their portfolios into the low cap coin as well. This must make you think to invest in the more coin.
I think that if you can consider this as a good decision. You must care with your money. your money needs to generate more money for you.

[Fundamentals Of]

To diversify is to avoid putting all your eggs in one basket. Diversification to a certain extent means safety. Whatever happens to a single coin, it won't drag your entire portfolio. So diversification is the opposite of gambling or risking all your worth in one single coin.

ETH must be a good choice but diversification is a lot better especially because going all in into ETH means you left behind Bitcoin which is undoubtedly the most important choice of all.

I advise you to diversify to a few solid coins. Bitcoin of course should always be part of your portfolio. You may add ETH or XMR or LTC.

[worle1bm]

If you think it's risky then diversify your portfolio with some top coins only as you are new to the market and investing in some shitcoins can take your wallet balance to zero levels which is far more risky.It depends on how much amount you have and which coins you prefer to hold with you like currently you are all in ETH but you can share it with BTC and if altcoins then BNB,SOL are rather good options but you need to handle it yourself like the percentage to each coins and which one.

[Minecache]

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 with its high volatility

Just choose bitcoin and make a big portion of your portfolio there. Next is ETH and you're doing it right. You don't have to diversify a lot as long as you've got the best in the market.
Tell us how much capital that you're longing to diversify? Because if it's not that a lot then you should just pick bitcoin instead and just leave it there but if it's really a lot, follow the first advise that I've said.

He already owns ETH and now he just need to add BTC to his portfolio is more than enough, no need for more altcoins, if you have money left, bnb is also a good choice for portfolio.

Portfolio diversification is only true when you hold mainly altcoins, it reduces your risk but when you hold bitcoin it is not necessary. The rest of the altcoins are all dependent on the movement of bitcoin and no altcoin will rise in price if bitcoin stands still.

[asriloni]

Put all of your money into ethereum is a big mistake. You are actually new in the crypto and you didn't even aware if another small cap token in the market has same chance to go up like ethereum. You shall diversify your portfolios as soon as possible when market was still at the bottom like this.
This will help you a lot not only to decrease the risk from volatility but increasing the chance to make more money as well.

[cryptoaddictchie]

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

Then pick other coins and tokens with also have a good stance and potential.  Always diversifying your portfolio is good way to expand your asset in a much classic manner.  Well like the old saying dont put your money on one basket. Put it on others,  theres plenty of fish there and not just eth alone.  If I were you I'll look into low cap top 100 projects. Youll find a good ome there for sure.

[Ayers]

i don't see any risk in holding eth, i consider it the 2nd safest coin after bitcoin, but if you want to diversify your portfolio for more opportunities to grow your assets and reduce your risk, you might want to consider adding some other coins

you can choose from 5 to 7 altcoins and especially don't forget to top up bitcoin,  a safe investment is an indispensable investment bitcoin
you can check top 50 coins on cmc to be able to allocate your capital