Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.
I think investment diversity is a mandatory knowledge learned by everyone who would think about investing in cryptocurrency. This is because of the volatility cryptocurrency market. In order to use it to our advantage, use the profits gained from our first investment and diversify it to other tokens.