Nah, diversification should start if you have 1.000$+ to spend currently...
Its no point throwing a couple of $ in each coin...
around 300$ should be the lowest investment in a coin... that way atleast you make 300$ if it doubles... making 50$, is better of working for it
Its no point throwing a couple of $ in each coin...
around 300$ should be the lowest investment in a coin... that way atleast you make 300$ if it doubles... making 50$, is better of working for it
It is true, most people who are diversifying $75 or $50 in a few altcoins are pretty dumb, how the fuck are they going to buy fifty bucks of a coin? It is useless, if the coin goes x2, it will only give you $50 of profit = nothing.
There is nothing dumb here.
If you start small you play small that's it.
Then you learn, earn more and things will get bigger naturally.
I you do otherwise you are exposed to lose everything quickly.
What would be dumb would be going all in and experiencing a massive dump on the coin you bet.
What do you do next, when your balance is reduced to 15% of what you had first?
Diversification is key in order to reduce risks