In crypto investing, many of us have been taught to diversify our crypto portfolio to reduce risks. The idea sounds nice and noble, but if you dont do it correctly, its practically bad. Basically, you will just be giving away free money on a cryptocurrency that might not even take off after its ICO. Worse, if the market goes to the bear territory, many (if not all) of your altcoins will take a free fall. That is not what you really have in mind, do you?
Diversifying your portfolio is only one step in the right direction. To take the second and third steps, you need to become diligent and to have foresight. In this blog, we provide the most insightful information we have gathered to help you succeed at diversifying your portfolio and earn profits out of cryptocurrency investments.
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Diversifying Crypto portfolioADN CoinThis can done easier when you have a lot of funds just like any investment. Yet you must choose wisely which coins you will add in your portfolio. Think of you have several bunker locations and when the apocalypse happen, you will have different choices to pick, each with various kind and amount of supplies. Personally, I choose coins with strong position in the market. Those coins have good trading volume.