Altcoin: Need for diversification of crypto investment

[Tribalchief]

I don't believe in altcoins anymore because altcoins have a lot of scammers.
The more altcoins there are, the more scammers will come, and there are also lots of scammers on the Ethereum network.
We still remember when the ERC20 token was first created on Ethereum, there were lots of scammers who held ICOs openly in various forums and events.
This is just part of my experience as to why I don't like altcoins and it would be better for me to choose Bitcoin once for the asset that I have dreamed of since I first got to know cryptocurrency.

I completely understand the perspective and angle from which you are coming. The ICO protocol, initially intended to serve as a catalyst for new projects, has now been labeled as another form of scams, driven by the selfish interests of some individuals who believe they are clever. Unfortunately, the efforts to combat these ICO scams haven't been entirely effective, leaving every investor to make their own decisions when evaluating new projects.

[bayu7adi]

Why we should diversify our crypto investment
1. Multiple profits:
Through diversification, we can certainly make profits from multiple altcoin projects with time. Our investment should have a say in the amount of profit we get.

IMO it's not about doubling profits, but taking the average profit obtained from the diversification carried out. There are some coins that may in practice experience losses and losses, but other coins experience profits, so that between one and the other an average profit is formed.

This leans more towards the second point, where diversification is more about protecting against losses and trying to prevent losses that are too large. I myself agree with this strategy, especially for altcoin lovers, diversification is mandatory.

[Dr.Bitcoin_Strange]

This leans more towards the second point, where diversification is more about protecting against losses and trying to prevent losses that are too large. I myself agree with this strategy, especially for altcoin lovers, diversification is mandatory.

Diversifying on crypto investment is more favorable to investors who are very aware of the market situations of altcoins. Despite that altcoins also generate profit for some investors, it's not all investors that gets lucky. So, why diversifying, is better to have a good knowledge on how to track the success of the project you are investing on and also know when to sell and when to buy.