Don’t put all your eggs in one crypto basket

[Meysa123]

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.

[gurunanakji777]

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.

[trauchot]

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.

[aiviaa485]

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

[Rofiastuti]

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.

[Seeyy]

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.

[aldenlim]

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.

[dragononcrypto]

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.

[Tiana1]

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

[alstevenson]

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.

[Delgboke]

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.

[Bobcrypto]

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.

[tonymillions84]

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.