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.
I’m sorry, but was it every altcoins in the market that got dumped when Bitcoin increased in value? I am very sure that there are a lot of them that increased in value as Bitcoin was increasing, so many of them like Ethereum, Polkadot,Doge coin, NEO, ripple, Cardano, and I can go ahead to mention a lot more of them. And of course there are also coins that decreased in value as Bitcoin increased, but that is not what happened to every coin in the market.
There are some of them that collaborates with Bitcoin’s price and as it increases, they also follow it to increase. And there are those that are entirely different from it and might go down if Bitcoin is increasing in value, because investors are going to dump these coins to invest in other coins that are increasing in value. Why you are told to diversify your investment is in case that one happens not to be successful, the other would be. So you just have to look for coins that are really good and invest in them.