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Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?
« on: May 19, 2024, 08:40:05 PM »In my opinion, investing in just one coin is not profitable, but when we have limited capital that can be used to invest, we can buy coins that have long-term potential and don't care how many coins you invest.We can't just depend on one coin to invest, that's the reason why we have to diversify. because by spreading our funds across several potential points, this is a step to minimize losses and of course increase the chances of achieving profits. Many have done it, except for large investors who only hold for the long term, of course Bitcoin is the main choiceWhen investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luckYou are 100% right, diversification is the best strategy to minimize the risk as if one coin is going down, and all of your assets is invested in it, then you will feel more stress, even if you have invested with the funds that you don't care to lose (the most famous quote we all used to say to each other 😋) So to minimize the risk and increase the ROI I moved some of my funds into alts. But as I said not so very happy with this plan as I invested in some tokens at some good point but end up a victim of a fud and sold some good assets for instance Near I bought it at 1.75 maybe and since that point it has been trading at $7 or near it.
This is just a one example, I made some mistakes so I think I should not blame alts for that 😁😂. I am still investing in some tokens but the amount which I care not to lose. But to be very honest many tokens are so under value at the moment that they look so true to be invested (so good to be true).