Quote from: Poker Player on Today at 08:00:38 AM

Quote from: VuSpark on Today at 07:51:26 AM

All you hear about these Trading and Investing rules that " Dont put all your eggs in one basket " or " Diversify your portfolio "

We also hear:

“Diversification is protection against ignorance,”

or:

Diversification is selling the winners to buy the losers.

Quote from: VuSpark on Today at 07:51:26 AM

But how we Apply these rules in Crypto Market.

Quote from: VuSpark on Today at 07:51:26 AM

So what would be the right strategy of Diversifying Crypto Portfolio...

Buying only Bitcoin or at least 90% Bitcoin.

Quote from: VuSpark on Today at 07:51:26 AM

When Bitcoin moves 95% alts dumped. BTC moves up or down, Alts goes down. where we invest and no one can predict the market movement.

That is why it is better to invest than to play roulette (a.k.a. trading).

Quote from: Poker Player on Today at 08:00:38 AM

Quote from: VuSpark on Today at 07:51:26 AM

All you hear about these Trading and Investing rules that " Dont put all your eggs in one basket " or " Diversify your portfolio "

We also hear:

“Diversification is protection against ignorance,”

or:

Diversification is selling the winners to buy the losers.

Quote from: VuSpark on Today at 07:51:26 AM

But how we Apply these rules in Crypto Market.

Quote from: VuSpark on Today at 07:51:26 AM

So what would be the right strategy of Diversifying Crypto Portfolio...

Buying only Bitcoin or at least 90% Bitcoin.

Quote from: VuSpark on Today at 07:51:26 AM

When Bitcoin moves 95% alts dumped. BTC moves up or down, Alts goes down. where we invest and no one can predict the market movement.

That is why it is better to invest than to play roulette (a.k.a. trading).

Thank you for this Helpful advice.

Some Youtuber or crypto Analyst says. put your money in different coins, memes, Exchange coins, Metaverse and gaming coins, DeFI coins etc
What is the Psychology behind that advices.