Quote from: arimamib on Today at 05:03:37 PM

Quote from: bitLeap on Today at 12:32:41 PM

Quote from: Pablo-wood on December 01, 2023, 09:28:50 AM

Another option is to spread ones portfolio amongst different coins but ensuring the have a greater percentage in projects with a visible future. It is better to win small and lose less than lose more and win less

You are free to choose between low risk or greater risk. It depends because in general seeing a cryptocurrency at a low price can be considered profitable unless the project fails and does not show high recovery. There is a phase that is often called altseason, and I prefer to take profits there over a certain period of time and when I see the profit percentage, taking it early is enough and go back to the main investment in Bitcoin.

There is no harm in spreading your portfolio across several 10 coin assets on Marketcap to minimize losses. Apart from Bitcoin I also spread my portfolio 5-10% in Ethereum and Solana.

I think your approach is a balanced strategy about cryptocurrency investment, considering both low-risk and greater-risk options. The assessment of profitability based on the project's potential recovery after a dip is a prudent consideration. It takes profits during that period demonstrates a strategic mindset, because it allows you to capitalize on favorable market conditions.

This diversifying portfolio across multiple assets, particularly beyond Bitcoin, shows a risk management approach. Spreading investments across various assets, such as Ethereum and Solana, can help to minimize losses and capture opportunities in different segments of the market. It's essential to keep in mind that the cryptocurrency market can be highly dynamic and influenced by various factors. Monitoring market trends and adjusting your portfolio accordingly is crucial in navigating the evolving landscape of the crypto space.

Spreading your money in that way does not really protect you, reduces your risk or diminish your losses, and this is because you are still investing in a market that is completely dominated by bitcoin and in which all coins are correlated to it, if someone wants to do that in order to protect their money then they need to invest in other markets, this way you will be able to accomplish that goal, however this strategy has the disadvantage of severely limiting your profits as well, as it reduces the positive impact that bitcoin could have in your portfolio.