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...
Still, it's good to follow that principle, maybe, for now, bitcoin is the most dominant but we don't know what would happen in the future.
And also, diversifying does not only minimize losses when the market is bearish but it also increases the chance to be more profitable if the market is bullish, I mean look at the bright side, when the altcoins season comes, some altcoins are way more profitable to invest than with bitcoin, so you'll end up getting more profits not putting your eggs in one basket.