Quote from: freedomgo on July 18, 2022, 08:13:44 PM

Quote from: posi on July 10, 2022, 09:04:49 AM

Quote from: Wiwo on July 07, 2022, 09:37:56 PM

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

Bitcoin is a good choice for safe and profitable long term investment but knowing the market is highly volatile, that makes bitcoin price too prone to fall. So if its hard for you to see bitcoin price consistently fall, as well as with the rest of altcoins, then diversifying your investments through stocks, real estate, or bonds may also be a good choice. At least, when one investment falls, you still have other sources of investment to generate profits.

Although Bitcoin has proven to perform very well in pandemic situations compared to other assets,
but it seems unwise to risk all of our money to invest in Bitcoin.
After all, Bitcoin is an asset with a very high risk, because the price is very volatile and very difficult to predict.
So we still have to be careful and be able to diversify investments to make us safer,
however investing in only one asset is not recommended.
Especially in a bear market situation like now it is very tiring and frustrating if we only invest in Bitcoin.
As you said to maximize profit we should also consider investing in other assets.
We can learn a lot from some successful investors,
most of them definitely diversify their investments and don't rely on just one asset to make a profit.