Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hamdaan on April 18, 2019, 04:37:22 AM
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Whether you’re investing in stocks and shares, gold or Ethereum, diversification should always be the name of the game. Crypto investors betting on the next big thing should be mindful that not all currencies make it, so it is sensible to have fingers in several pies. In addition to this, ensure that cryptocurrency investments aren’t the only place you stash your cash. As part of a diversified portfolio of different assets, digital currencies can be a viable part of a financial strategy.
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That is logical because if you stick with only single coin or project its not worth and highly risky at the end your will win or lose but if you go with multiple good coins there is lesser chance of losing because if one goes down other win gives you profit or fix the loss.
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That's right, because if the egg is placed in three baskets, there is definitely hope for big profits. So we will not be disappointed.
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Yeah, it is one of the basic rules of crypto investment. The second one is that never invest more than you can afford to lose. Better remorse than regret.
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Whether you’re investing in stocks and shares, gold or Ethereum, diversification should always be the name of the game. Crypto investors betting on the next big thing should be mindful that not all currencies make it, so it is sensible to have fingers in several pies. In addition to this, ensure that cryptocurrency investments aren’t the only place you stash your cash. As part of a diversified portfolio of different assets, digital currencies can be a viable part of a financial strategy.
Thats the right thing to do, Since most of the time investing in one single portfolio might be dangerous if its failed its better to diversified into more choices in order to minimized the risk of losing all your money.
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I think I ever read this statement.
BUt well, in the crypto world, only putting our funds on one will give us more negative impacts. It is too risky to be done. All that we must do is about making a strategy on dividing the funds into some coins. That is why there is no need to put only in one crypto.
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Diversification can help you in the future. You can lose in one place, but win in another
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This is one strategy for investing and often heard. Because by investing in various crypto assets allows us to get profits when there is one asset that we buy down then there are other assets that are rising. Because not all crypto move in the same direction, sometimes there are ups and downs according to the market situation. So this is a good strategy to do.
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You are right. To invest, we never think to put all our money on a single coin only. We must spread out our assets on some or various coins. With this way, it will make more chances to get higher profits. And it also can prevent big losses.
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Diversity is one of the best way to invest in cryptocurrncy,that gives you a better hope and security of your investment, should in case you are scammed on one project you have the other investment to hold on.
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I totally agree. Diversification is really important for investments because it would give us security and choices in case there are scams in some of our investments. But we should carefully choose which to invest to avoid falling to scam projects.
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Even though one project looks good but if you put all the money you have into it it will be very risky, and it's better to divide your money into several projects.
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I agree we should not put all our eggs in one basket, just divide your money in 2 or more cryptos, but should potential cryptos chances are that one of them can pump the price.
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Totally agree with this statement that don't pull all your eggs in one crypto basket. It means always invest in different coin not a single coin.
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It's a bad idea and experts are not recommending this, to put all your eggs in one basket, you can lose everything if you only have one coin to trust for all your investment, always expand your portfolio to at least ten good coins in the market.
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I used to put all my eggs in one crypto basket when I was a newbie. That was the time when we had the huge bull run. Little movements of your crypto can cause you to loose tons of dollars in a minute. One should be really careful when investing in only one currency. I tend to invest with %25 of my porfolio.
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Yes, don't put all your eggs in one crypto basket is one of the important rules of crypto and trading which is also logical in normal life. Spread your investments in different projects so that if you incur losses in some, the ones you profit from will cover up for the losses.
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Whether you’re investing in stocks and shares, gold or Ethereum, diversification should always be the name of the game. Crypto investors betting on the next big thing should be mindful that not all currencies make it, so it is sensible to have fingers in several pies. In addition to this, ensure that cryptocurrency investments aren’t the only place you stash your cash. As part of a diversified portfolio of different assets, digital currencies can be a viable part of a financial strategy.
Good advice, man!
It's good to diversify your investments.
Investing all your capital into one crypto or only cryptocurrecies is not enough.
You should invest in both stock, cryptos, and real estate when you have the chance.
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100 % agree,its better to have more coins in your portofoliu not only one coin in this way you will have more chance to make profit.
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My crypto basket is full of Canyacoin CAN https://coinmarketcap.com/currencies/canyacoin/ (https://coinmarketcap.com/currencies/canyacoin/)
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My crypto basket is full of Canyacoin CAN https://coinmarketcap.com/currencies/canyacoin/ (https://coinmarketcap.com/currencies/canyacoin/)
Not sure if Canya coin is progressing because they look like dead to me for months now. Hopefully you did not bought when price for Canya at 0.11 USD because I don't think it will go back to that price again soon. It's no longer safe to invest randomly now since there are so many competition of altcoins. Better invest on projects that have caught attention of many investors like IOST. IOST is progressing steadily and maybe soon, IOST will leave the decimal price.
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This is a wise and subtle parable. It is true. We must be able to manage our finances properly and wisely. Remember, investment in crypto is not always profitable. But there are ups and downs.
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This sentence is simple, but it contains a deep meaning. Thank you for being reminded. So we have to hold several altcoins to avoid an accident. Hopefully we still have hope of investing profits if an accident occurs.
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My crypto basket is full of Canyacoin CAN https://coinmarketcap.com/currencies/canyacoin/ (https://coinmarketcap.com/currencies/canyacoin/)
Not sure if Canya coin is progressing because they look like dead to me for months now. Hopefully you did not bought when price for Canya at 0.11 USD because I don't think it will go back to that price again soon. It's no longer safe to invest randomly now since there are so many competition of altcoins. Better invest on projects that have caught attention of many investors like IOST. IOST is progressing steadily and maybe soon, IOST will leave the decimal price.
Well said. At one point the price was even above $5! Now it's less than $0.03. Some coins that are down 99%+ are best to stay away from in my opinion too.
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In every investment, risk must be the main consideration, and therefore putting all eggs in one basket is a risky action.
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That's right.
I prefer to invest in 5 different crypto.
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The problem of many is that they seriously believe in any one project, and invest all money in it. But with serious competition, this strategy rarely gives results. Therefore, it is better to still divide the investment, and not to invest all in one project. So you increase the chances of success.
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When we invest in cryptocurrency, it is better to choose some coins/tokens. Never put our money in a single coin/token. It is too risky and will have a small chance to have high profits.
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Whether you’re investing in stocks and shares, gold or Ethereum, diversification should always be the name of the game. Crypto investors betting on the next big thing should be mindful that not all currencies make it, so it is sensible to have fingers in several pies. In addition to this, ensure that cryptocurrency investments aren’t the only place you stash your cash. As part of a diversified portfolio of different assets, digital currencies can be a viable part of a financial strategy.
Yes i agree with you we must do diversification in our portofolio of investment, so we must make investment in cryptocurrencies, stocks market and gold. That's diversification unfortunatelly there are no many people who know more about the stocks market and the benefit of it and they don't know more about the benefit of investment in the gold, don't put all of your eggs in one basket is mean don't put your money in one of instrument of investment (don't put all of the money on just cryptocurrencies, stocks or gold) that's dangerous. Some people said we must make investment in the your businesses.
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Humans basically always feel less and ask for more, more and more. Many people are easily caught up in market games and so they lose money. Before investing, we should do analysts carefully and smartly, because investing in crypto is like gambling.
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it's true with everything you say, that don't put eggs in one bed, we can put them in many places so that if one of us loses, there will still be many more places that will give us an advantage.
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Yes its a good advise. Its been always a good choice to diversify your investment like this we should not depend on only 1-2 coins. We must diversify our capital to secure ourselves of big loss from 1-2 coins. By diversifying we reduce the risk of loss to some extent.
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That's right, any investor who decides to invest in a cryptocurrency should understand that this is a huge risk and the price of any cryptocurrency changes every second and you can lose all your money.
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it is clear from the start that it must be like that because cryptocurreny is susceptible to hacking.
If you see the news today, I see 7041 Bitcoin stolen from Binance. Oh My God!
https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea
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This is very good advice, that in trading we don't just be fanatical with one coin, but buy several different coins so that we can benefit from different coins. if one coin falls the price may be another coin that we have the price is high, so we can continue to trade and never stop or vacum to trade because of the price of crypto.
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Only a wise person can interpret the kalat. The meaning is very deep and wise. Investing in an altcoin is very risky. Minimum you hold 3 altcoins as well as a backup if one has an accident.
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Whether you’re investing in stocks and shares, gold or Ethereum, diversification should always be the name of the game. Crypto investors betting on the next big thing should be mindful that not all currencies make it, so it is sensible to have fingers in several pies. In addition to this, ensure that cryptocurrency investments aren’t the only place you stash your cash. As part of a diversified portfolio of different assets, digital currencies can be a viable part of a financial strategy.
So true! diversification is the key to a successful investment strategy rather than investing in one cryptocurrency
imagine if a boat is sinking and all your goods are in that one boat you're totally doomed but if you diversify it
and put your goods on multiple boats even if one or two sinks you'll still have plenty left.
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Whether you’re investing in stocks and shares, gold or Ethereum, diversification should always be the name of the game. Crypto investors betting on the next big thing should be mindful that not all currencies make it, so it is sensible to have fingers in several pies. In addition to this, ensure that cryptocurrency investments aren’t the only place you stash your cash. As part of a diversified portfolio of different assets, digital currencies can be a viable part of a financial strategy.
So true! diversification is the key to a successful investment strategy rather than investing in one cryptocurrency
imagine if a boat is sinking and all your goods are in that one boat you're totally doomed but if you diversify it
and put your goods on multiple boats even if one or two sinks you'll still have plenty left.
This is a nice analogy and very true. I think a lot of people don't acknowledge that the crypto market is very diversified in itself, and not because there are 2,000+ projects. By market dominance Bitcoin is 60% (ish) of the total market. Ethereum s 10%, XRP is 7%, Litecoin & BCH are 2-3%, etc, etc (you get the idea). You are more at risk by not being diversified in this market, as the market is very diverse.
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Yes, this rule is one of the important thing to note when going into crypto. Put your eggs in different baskets, if you lose some, you gain in others to cover up for the loss. A key strategy to follow for successful investments
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I agree with you on this but sometimes I didn't do diversify my portfolio if I really like the project very much. I go all in, high-risk high reward or get rich or get none.
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Is not ideal to put your eggs in one basket meaning that you should invest your money in different types of cryptocurrency not just one but as many as possible because you don't know the one will cause bull run keep on investing don't relent.
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I think it is better to invest in different projects because some project has long term development plans while some may grow very rapidly with short term development plans. Also, some project may be very slow but steady to achieve their goals. In a nutshell, it pays to have many investment potfolio than investing in just one project.
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This remains the number one rule for good investors but some you never can tell when some lucky people try to take a dangerous dive on a single token, if successful can turn then into millionaire over night. the main reason behind diversification is to avoid loosing everything at once.