Usually they recommend you to diversify your investment, so you avoid losses.
But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?
What if I invest little by little, only in Bitcoin, would that work as well ?
Bitcoin surged to a new high of $X today, up over Y percent from Z months ago. If you had invested $A just B years ago you would have made $C and youd be filthy rich.
Currently, this is the only way most people talk about bitcoin. Its viewed as a buy and hold vehicle for fast capital appreciation. But the savvy investors and smart money around the world is far more focused on how to actually use bitcoin than just getting their hands on it and holding.
Now I see that the best investment portfolio for July and August of 2018 needed to contain 100% Bitcoin. Look how deep the altcoins descended recently. Even Ethereum significantly lost its value comparing to Bitcoin, and dominance of BTC reached 55%. So diversifying between Bitcoin and other crypto currencies is not always profitable. Although sometimes the prices of a certain coins or tokens soar up higher than Bitcoin, these investments are more risky due to the low overall capitalization.
I think that the diversifying should be between fiat and crypto. Don't keep all your wealth in crypto currencies, buy shares, mutual funds or other assets too.