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 it's actually related to the amount of investment. If you have a nice amount of btc in your hand, it will be very healthy to diversify. It will help you minimize damage. On the other hand, small amount of investment will prevent you from rising too quickly.