Quote from: deathcode on Today at 10:29:45 AM

Quote from: Troytech on December 28, 2023, 02:36:59 PM

👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.

some people spread their investments across multiple projects in the hope of faster returns. it's like new projects. they put a little money there for luck if the new asset can pump high.
but it would be better to just focus on a few assets that are truly the best. such as focusing on long-term Bitcoin investments. New projects will only last a short time. even though it is successful, but if we lose momentum, we will not get anything.
reducing the diversification of assets we own may be a good choice.

By investing in several projects, of course we will really hope that there will be benefits from the investment we make and of course we will be able to easily get profits if the project we choose can develop well.
What you say is very true, it would be better for us to focus only on a few assets that we choose to invest in and with Bitcoin which has been proven we can invest and hold for a long period of time to be able to make a profit, because if we choose to invest in a new project which will not necessarily be able to make a profit, of course we will experience losses if we cannot get a profit from the new project.