1) Build a diversified portfolio
Beginners put all their eggs in one basket while a professional would know what to do exactly. The smarter approach is to build a diversified portfolio based on market cap, tech and team behind the project. This decreases the risk of incurring losses.
I do not consider diversified portfolio invest in bitcoin and altcoins, for me to diversify portfolio would be:
1 - invest in bitcoin
2- Investing in gold
3 - invest in properties in real world
I would prefer on this way rather than going all in with Crypto. Diversifying including those traditional physical or known investments is more ideal
rather than putting or going all in here on crypto space.Im not saying this hadn't the potential but its still risky for you to consider on putting large sums.
Diversifying is good but on things which are more worthy to spend on.
Success cant be achieved if we dont experience losses yet i hardly agree that its always been part of the process.Even how much we do hate it but losing is inevitable.