Post
Topic
Board Altcoin Discussion
Re: Learn from a brother's mistake
by
Silberman
on 14/02/2023, 20:28:58 UTC
If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.
Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.
Lowering the risk at which you are exposed should be a priority for investors since the more risk you take the higher the chances you will make an irreparable mistake which will take you years to overcome, if ever, and investing in bitcoin reduces your risk significantly as unlike altcoins it will not disappear out of nowhere or get hacked, yet on their desire to get more profits investors are willing to take all kind of risks and refuse to invest most of their capital in bitcoin, and unfortunately the majority of those investors end up suffering massive losses.