Post
Topic
Board Bitcoin Discussion
Re: On most altcoins disappearing
by
mk4
on 27/01/2020, 11:26:57 UTC
However, if we are talking in 2017, I have already proved that diversifying in altcoins is a good strategy, you guys just won now because altcoins are struggling, lol..
It's a good strategy, if you got out immediately on the top of the bubble. Buying coins/tokens at the bottom and needing to sell at the top isn't "diversification". It's speculation/gambling.
Yeah, I got out immediately but I will not lie, I am still holding some of the shitcoins you are talking now, but I should still be thankful because I made profit in my overall investment, just like gambling, you win some and you lose some, but what matters is you have more wins.

True. There's really nothing wrong about trading shitcoins as long as you can stomach the risks, as you could definitely make(or lose) money. What I was disagreeing was calling it "diversification", as diversification is done to reduce risk for your investing portfolio; which is definitely not something you can really achieve by trading shitcoins. Just to clear things out.