Quote from: justdimin on May 17, 2021, 06:28:33 PM

Quote from: cryptoboss2020 on May 09, 2021, 11:39:41 AM

The Year 2021 to 2022
95% of People will Give their wealth to 5%.
Big market crashes and big losses. Will be.
If you dont Want to be like regular losers dont follow to them but do what They dont do.
Best Thing to Do is to buy usd.
Many People will lose a lot cash for sure.

It's not just about investing in cryptocurrency, people should stop putting too much faith in cryptocurrency when they know for sure that it is not going to favor everyone. Doing this is just going to be like putting all your eggs in one basket, there should also be other things that you're doing that are going to be helpful to you as a person, so that you don't lose when cryptocurrency investment crashes.

Even when you're investing in cryptocurrencies, it's good to diversify the investment and invest in good coins, and also if you see some start-up coins that are very likely to be successful, you can as well invest in it. You just never know where the profit will come from, so you have to be prepared. It's just like this meme coin, Shiba Inu, I know for sure that a lot of people are going to be surprised at how far this coin has reached, they wouldn't expect it.

I am in favor of diversification but only if it is a true form of it, buying more coins besides bitcoin is not true diversification as you are still invested in the market of cryptocurrencies, also diversification is a strategy to maintain your wealth and not a strategy to build it, if you want to build your wealth then you need to concentrate your capital in just a few sources and bitcoin seems like the perfect place to do it as the altcoin season that we are seeing is simply impossible to maintain and the money will eventually go back to bitcoin.