Hi guys!
Just wanted to know how many cryptocurrencies you're invested in? And with what percentage of your portfolio (No need to mention the amounts involved, if you don't want to). Just want to get a general sense of how everyone's diversifying their crypto assets.
Some people prefer to diversify their cryptocurrency portfolio, so they keep their funds in multiple altcoins, if i was a holder I would've done the same. because i think it is safer to divide your portfolio among multiple altcoins to increase your chances of profit and decrease your risk of losing big percentage of your portfolio incase of a price drop for one coin/token.
There are two types of traders with whom you will encounter with. One who likes to take more risk and make more profit in short period of time, and other who takes less risk and less profits. I like to do safe investments. I am more of a person who likes to invest rather than trade. If you ask me then I have major portions of investment in BTC. Some in ETH and few in BNB and XRP. I trust these coins and hence I know they won’t make my overall profit red.
First type may earn more money in shorter time. but he can loose more money in shorter time too. in fact can loose all his money some time. I think second type of traders are better, they are smart, steady and patience, they take less risk and make less profit because they are not greedy and don't want to loose all their money at once.