Post
Topic
Board Altcoin Discussion
Re: Do you use diversification?
by
Prettymie
on 21/02/2019, 14:47:48 UTC
For example, you have some altcoin (in my case it's Metaverse ETP) and you expect it to grow. But in a weak market, this altcoin behaves like bull and you have the opportunity now to sell it and buy an asset that looks weak in the market (for example Qash, Tierion, Nem, Odyssey or Republic Protocol) in order to get the greatest possible profit. Or leave a strong asset and wait for its further growth. What do you think about this?
Diversification is a good strategy if you will invest on those altcoins that survive in a bearish market and those at top 20 coins in the marketcap are the best coins to consider. Why you will invest on those shitcoins that will hit the bottom and absorb the dumps from market manipulators. It's a high risk to put your money on those cheap altcoins that will easily shaken when the market goes bearish.