Quote from: Bravehash on Today at 07:30:38 AM

Quote from: lizarder on September 03, 2021, 07:51:54 PM

Quote from: Bravehash on September 03, 2021, 03:18:37 PM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

There's nothing bad if we make a good plan in carrying out investments, the crypto space is often said or described about large projects or small projects, because that's how the crypto space works and gives results for people who work on it.

It's not wrong if you also have offline and online money, this can be combined both in looking for maximum value, which makes us stupid when both can not be used properly at some stage of either result.

You don't get it, many newbies use all they have to invest in crypto, they forget to live and have a life in the process, crypto investment rule is never invest more than you can afford to lose but for some they don't care, I'm just saying while running to make money we shouldn't forget to breath

It's because on how crypto is being advertised by mainstream and crypto media.

Lots of news coming out saying that this x person have invested y amount and returns Z profit.

Or one family sell everything to invest on crypto and then travel around the world.

So it's a double standard, but one thing though, if you made a mistake here, then you still have chances to go back and re-invest but don't make the same mistakes again. And as you go along, you will gain that needed experience as the market works in cycle, bullish and bearish.