Quote from: lovesmayfamilis on Today at 04:43:41 AM

Quote from: StormHawk on April 01, 2023, 03:06:01 PM

Lesson of the day, do not over invest on one altcoin, even if you can't find any traces of scam or untrusty team do not conclude that your money will be safe in an altcoin, the risk is too big than you could ever imagine. Diversify into more than two altcoins, this will automatically reduce your risk.

I would say, Just don't trust altcoins unless you are ready for the stress.
What did people take away from the events that happened? For those who did not lose a lot, there was a good lesson not to trust the storage of their assets on the exchanges; perhaps this was a sign from above. But those who have suffered huge losses probably need psychological help, and maybe many will not return to this sphere, and the rest will be very careful. When investing your money in anything other than Bitcoin, wherever it is stored, you need to be on your guard early, and it is not recommended for the faint of heart to take risks.

Just to avoid high risks at all cost, then only invest in bitcoin and stay away from altcoins. Diversification does not mean that you have to invest both in bitcoin and in altcoins, you will still lose if you follow that. But if you invest in bitcoin, and then invest also in gold, real estate or stocks, that means you will likely to generate more income aside from bitcoin. However, losing is still inevitable in all types of investments, that’s why never invest above your means or invest only an amount you can manage to lose.