Diversification is for people who don't know what to invest in. If you did your research and decided to put money into a project, it's because you know it will go up.
Otherwise, you're just a gambler, not an investor.
If having a 'portfolio' full of crap is your way of being a 'smart investor,' go ahead.
It’s not like you don’t know your investment well or you don’t trust the full potentials of your investment, but diversification is the safest and effective way to achieve profits from different potential sources. Although there’s no wrong if you focus on a single source and maximize all its potentials, but if you can diversify your investments well and see how huge your profits you’ve compounded, then it’s undeniable that the positive outcomes from different investments are always better compared to a single source of profit.
Lets say that diversification is recommended or suggested but its not something that we can be able to say that its safe because we should be thinking that it all depends too with the altcoins that you have invested on other projects on which we do know that there's no such thing about guarantee on this market on which despite of the good projects that you have invested or accumulated but still it doesnt mean that you are already having that sure profits. There's always the risks and this is why before you do make out some diversification then make it sure that you had made out your research on the projects that you are trying out to invest on rather than on making up some random picks just because you have heard about diversification thing. In every step you do make then make it sure that you are really wary about the risks or simply talks about risks management. You cant really just that make yourself having that rushed up decisions just because someone been doing it.