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Quote from: H1N1 on Today at 06:16:10 AM

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

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

Its always a good thing to diversify our investments with what we think are seem profitable. Aside from minimizing the risk, there will also be less chances that we will feel the losses we have because if one of our investments fail, the other one might still surviving. So we will never be totally in huge loss.

But i understand what OP wants to impart. Despite of all the investments we had either in crypto,stocks or real estate, we also need to secure our offline investment like having enough funds for emergency purposes. There must be a good amount that should be considered as our family savings so that if all the investments fail, we will not be left in an empty wallet.