Diversifying is a new meaning when it comes to crypto currency. Alot of crypto coins out there now. is it the generation of diversifying your portfolio. Now the average investor don't have to invest in Bitcoin if they don't want to. They got dapp coins. Privacy coins. Cloud coins. So many coins. U don't need to invest in one place anymore. Any bull run can give u net gains of over 2000% in a single night. Only if targeted by luck.
Diversification is the best strategy on decreasing risk and you should have an investment in bitcoin in your basket. Please also be reminded that always check the legitemacy of the altcoins you will choose because once you invest with shitcoins, all will collapse.
to be able to find coins that have the potential to last long and can provide benefits every day is very difficult to happen even though I know the risk is that all coins including bitcoin can collapse but you have to be brave to face the risk of being able to make a profit.
I think in all cryptocurrency markets, fluctuations can make the market of a coin fall very deep and rise very high, we must know that. thats why you have to allocate the right funds if you want to diversify, and because the development of each coin is different, that's the function of diversify to reduce risk.