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.
Just my opinion, but a full-blown portfolio put together to create an immunity from the fiat disaster that is right around the corner will include gold, silver, and lots of crypto.
In crypto, I would want a good bit of the majors as stores of value, but I would also be looking to spread the wealth amongst at least 20 different alts for diversity.
I've been bounty hunting for a long time and likely have bits and pieces of over 500 alt currencies at the moment.
I fully expect the majority to be worthless in 5 years, but the 10% or more that do well, should make a big difference in the lives of my children and their children.