After seeing the growth in the price of the coin in the past few weeks, it leaves us confused as to which investment to make. I want to invest in all of the coins. but only a little capital owned. what action am i taking right now?
You know mate we have the same mindset in common, but that was before, I really want to invest in most of the cryptocurrencies way back in 2017-2018 I bought ICO tokens from the money that I was loaned but the worst is the market is slump for more than 1 year of long bearish sentiment and the results most of my holdings have become worthless, thats why today, I realized that holding many tokens is not good, because it can affect your decision on what to do on other coins/token, But I still believe in diversification but it should be limited to 3-5 coins/tokens but make sure that those cryptocurrencies are good and promising.
I have to say you could be both right but also very wrong with your assessment of crypto. I understand that if you invested into things back in 2017-2018 period you may have lost a lot of money, but that doesn't mean that crypto will be like that all the time, doesn't mean it won't be neither, so you could be right but could be wrong depending on the market.
If someone took out a loan and bought ICO projects during the 2018 crash period, they would end up with almost nothing and they would have lost money, just like you, but if they bought coins at the start of this year, invested into DEFI period and waited until today, they would all be very rich right now.
So, it depends on when you get in, and depends on when you get out, if you can get in at the bottom and get out at peak you can profit, inside less than 6 months, but if you got in at the wrong time you could lose it all. So like I said you are both right and wrong, depending on when you get in.