How should i diversify my crypto portfolio?
I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC
What is your purpose for investing? Short-term or long-term? This is currently still in the bearish era so the price of all coins including the top coins is still decreased. That is why one of the strategies to be implemented during this bearish era is by letting our portfolio and adding some top coins if possible. Diversifying in crypto investment is important. We can diversify into some options. But the most crypto to invest in and have is Bitcoin at first. Then, followed by ETH and other top coins. I am sure that althought hey are still dropped right now, they will be able to srvive and the rise up again in the enxt bullish era.
Accumulation is the key since everything is really cheap compared on previous months which it is really just dumb that you wont really be having considerations on adding up some coins on your port.
Well, this do vary on someones financial capacity since not all does have the money on doing so.Therefore, you should really act accordingly on whatever risk management you do really have.
Diversification is best but not all does have the capability on doing so thats why it do really limits out possible profits on someone that might able to take.