Quote from: AmoreJaz on November 30, 2021, 10:14:50 PM

Quote from: Oilacris on November 30, 2021, 06:45:53 PM

Quote from: Mpamaegbu on November 30, 2021, 05:58:55 PM

Quote from: Poker Player on November 24, 2021, 08:00:38 AM

Diversification is selling the winners to buy the losers.

This is true. People shouldn't just diversify for the sake of the word. One should know why one is diversifying and what cryptos one is buying. Otherwise one will end up cutting short one's winners to invest in shitty cryptos. It doesn't even need to be diversification into Bitcoin. It could be into other alts but those alts shouldn't be worthless alts. I've experienced this first hand, and I know there are many veteran members here who have tasted this bitter pill too of diversifying and then losing out big time.

When we do consider about diversification then this is such action that shouldnt really be hurried or for you to rush up because this would really result into mistakes because you would really become that desperate nor become careless on making out decisions.On times like these

then you should really take all consideration before making such step because this isnt something that you do put and then leave it the rest.

You should be wise on taking such step because this would one cost if you dont know on what you gonna do.

bottomline, each alt or coin that you want to explore with, you also need to do your own assessment and not rely on someone else. the term diversification may be simple but when it comes to actual activity, one may be confused on what coins he needs to get a hold of. the list of coin is long but from that list, you only need to select few coins to invest with. and that is the hard part, how to select from those thousand alts. better go for projects with strong presence in the market, that means, they are actively used because of their application.

Dont ever tend to listen into others because nothing beats out if you do follow on what you had made out some analysis based on your own and decide based on your knowledge and guts been telling you.

Diverisfying is best but be sure to find or seek the best ones because diversifying into several shit coins doesnt really make any difference.

Its suggested but doesnt mean its simple for you to be done.