Don’t put all your eggs in one crypto basket

[sturec22]

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.

[Xtinah]

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.

[cybersoft]

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.

[juv3ntus1]

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.

[Crypto Kris]

My crypto basket is full of Canyacoin CAN https://coinmarketcap.com/currencies/canyacoin/

[ryap12]

My crypto basket is full of Canyacoin CAN 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.

[Majaz]

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.

[Mikam]

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.

[dragononcrypto]

My crypto basket is full of Canyacoin CAN 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.

[Hexsas]

In every investment, risk must be the main consideration, and therefore putting all eggs in one basket is a risky action.

[Bica]

That's right.
I prefer to invest in 5 different crypto.

[andrewBud]

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.

[88percent]

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.

[densuj]

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.

[Legio]

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.