All you hear about these Trading and Investing rules that " Dont put all your eggs in one basket " or " Diversify your portfolio "
But how we Apply these rules in Crypto Market.
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.
So what would be the right strategy of Diversifying Crypto Portfolio...
Most of the altcoins follow btc path as when it's up they are green and vice versa and it is usually adviced by traders to diversify your portfolio with different coins that all your funds are not lost at once only.Suppose you invested $1000 in one altcoin only and it crashed to zero or low targets your $1000 are gone immediately with that but if you have scattered $1000 among different coins some would go up and some down you will still have something left with you.So it's advisable for having diversified portfolio to save you from major loss.