In the crypto market, there are many trading pairs. After trading only two pairs for a year, I discovered that it is good to focus on a few pairs. Why? It has allowed me to master those two pairs and understand how they really move. It has also taught me patience because when your favorite setup does not appear, you can avoid entering a trade. Remember, jack of all trades, master of none.
What is your opinion about this?
For someone trading conservatively, focusing on a few trading pairs is much better, especially high with high marketcap coins couples with higher time frames is the bomb. The only disadvantage is maybe lower PnL over a long period of time but the risk of losing a trade is way so low.
People opt for so many trading pairs because they feel they might at one time land on a gem that can easily go x10 in a few days. Of course this happens at times but not always. To answer the question, I think it just depends on one's strategy