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.
I also often think that this greed is a very bad call, in that we often make the mistake that all the trades we make are very short-term, in which all our losses are substantial, I think all those who are long-term traders are more successful than us, the main reason is that they have a lot of patience because they are full of patience and we have this impression. It is found that we get panic very quickly, the main reason for drinking is that there is such news in the market which causes the market to crash a little, then it tries to stabilize its price. But we just sell it because of panic, in which we lose a lot