When some of have one particular business they do relies on that particular business, not knowing that having a particular without spreading business to different categories it may brings income collapse to the person
Some of us like manual business, which is our traditional business, but I want a condition whereby we spread our business to cryptocurrencies, such as Gold investment and Bitcoin investment, and Bitcoin investment, investment 55% on bitcoin, 30% on Gold investment, 15% on altcoins investment, I think if we spread our investment in this way we most surely profit in future
What I mean is that, the investors should not concentrate on a particular investment, else the may experience a bankrupt in the future if their business is not functioning properly.
Honestly, relying on only one source of income or a single business is not really ideal especially nowadays as the economy has become unpredictable, particularly here in our country.The idea of diversification is really important whether into other businesses or investments, including exploring into digital investments like you mentioned: Bitcoin, gold, and some altcoins. With this smart move of diversification, risks can be reduced and long-term profits potentially increased.However, it is very important to understand the risks involved in any sector before investing in that sector or business.In short, diversification is key. Let's try to diversify into different sectors so that if one sector is affected, the others can serve as backup.