Post
Topic
Board Bitcoin Discussion
Re: What we all learnt this 2023
by
btc78
on 29/12/2023, 10:31:19 UTC

👉 Don't take popular opinions as an investment advice.


It is okay to look for advices especially here in this forum i, myself, have learned a lot from reading through various posts here and i have found out about many different ways to earn from crypto aside from investing so it is not all bad

However it is still important to make your own research especially if you are investing someone’s goals and objectives might not align with yours so you have to curate your strategies based on your capabilities and goals

Quote
👉 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.


I also agree i think that diversification should be recommended but some people just buy too much i am guessing that it is because they can afford it however investing in too many projects might distract you from all the other projects

Research dutifully and only invest in ones you think have the greatest potential to give you most profit instead of dividing your money to so many different ones