Don't diversify a lot, it's best for you to have some focused cryptos that you're going to hold and invest with. People think that the more choice of your diversification is going to be good, not at all times. Too much of it can cause you a lot of problems in the long run and will lose the balance of your portfolio. Even holding BTC and ETH will suffice the trick but others choose to get into many, as many as they can.



Check this chart on how much and how many holdings each of us in estimation for Bitcoin. It's no doubt that it has saved a lot of us during bear markets and made us win on the bull run.