I am adhering to this advice because of what I have seen recently from the altcoin investment. Coin that I was holding strong, thinking that it wouldn't have a terrible fall, it did that few months, leaving me at a loss side. But thank goodness is not the only coin I am holding in my portfolio because if not, I would have felt devastated by now.
Anyway, I am trying the best I can take my profits on time from my altcoin investment to add it up to Bitcoin where it never experienced a loss price like altcoin
That's the beauty of diversification means if you had not have diversified your portfolio,, you would be at a big loss right now. Therefore whenever we want to invest in alts we must find more than one token like you did and even if we want to invest in the same token we should invest at different price tags.
BTC is a better opportunity in comparison to alts, but it is not 100% true that it never experienced loss like alts I means sometimes alts are doing good while BTC is not.
as of now am holding, solana, BNB, Matic, cardano and Shib. but my portfolio looks very worst now. i hope will come out from the bearish mode. everyone saying DCA would be the best option to gain more. should i try?
DCA is an option to minimize risk like if you are investing in BTC and you have 1000$ and you want to invest now (at the CMP) then I will say DCA is best because the market is volatile and we don't know if it will dump due to war or not. So just to make sure of an entry I won't go all in one but will invest some part of my capital now and then later.