Quote from: milewilda on February 24, 2020, 10:11:59 PM

Quote from: Mumbeeptind1963 on February 24, 2020, 10:00:19 PM

Quote from: ufaiz50 on February 20, 2020, 03:12:06 AM

Quote from: TheUltraElite on February 01, 2020, 08:59:16 AM

1.You can minimize risk by reducing the size of your portfolio.

2. Move to other sectors that just cryptocurrencies.

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Diversification of investment is an easy and common thing to do for management so that it produces less risk. There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

I speak outside of a person's lack of psychology because everyone has different conditions so in my opinion only you can seek from solutions related to how to manage risk.

For me to manage the risk you need lower your invest, but before that know your investment if its have potential to grow. Also when you finf a good investment you dont need to invest all you money even you know there possibility you get huge profit, its better to split your money

"Dont put your eggs on one basket"

This had always been an effective thing on investment world and talking about risk management then this one is ideal because you've divided up the risk into various numbers or parts.
Any investment do have its ups and downs and when you do have the option for some recovery then it wont really be that hard for you to get up even you experience losses.
Unlike on having a single investment failure will really be hard to get up if there are no other sources you are getting into.

that if you are going to invest on other type of assets and not just on crypto because here on crypto once one major crypto is down others will follow too . diversifying fund on crypto is not really effective imo so its better if will only foccus on one major crypto asset so that we can get the most our of it . in my case i diversify by buying gold and other natural metals and then i pick bitcoin as my crypto investment . this is my way of managing the risk or reducing the risk . so far so good