4. My main point that you do not seem to see, instead you are getting stuck on little details, is that DIVERSIFYING your portfolio is super important, especially in crypto's. If you disagree, then you are not a serious trader.
Do yourself a favor man. Just stop responding, your sounding like some washed up retard at this point
Diversification is for idiotsPlus I don't think you even fully understand what diversification is. How the hell can you diversify when every altcoin has been cloned from one out of four currencies.
Diversification would be buying some stock in the agriculture sector, some in media, some in telecommunications and so on
there is no diversification in crypto lol because, fundamentally, every coin is the same..... looks like it is you who isn't a "serious trader". Seriously do you even make money bro?
As for my logic behind 20% of portfolio, sometimes I might go more, sometimes less, just a rule of thumb I like to start with.
If you invest 100% of your portfolio in a coin each time, and profit, then move on 100% to a new coin then...please..please PM me lol
But why? Why is 20% a rule of thumb? what is so special about this 20% figure in particular lol... you don't have the answers do you? this theory is total horseshit
and I don't invest 100% of my "portfolio" bro I am playing with more than 20 BTC now. It may not be much, but you definately can't fit 20 BTC into one coin. But if I only had 1 to 5 BTC then your damn right I would be investing in one coin that I have done my homework on, because who the hell wants to make 40 trades for some shitty $50
and your forgetting, holding BTC is actually a trade between BTC and USD. So since you keep talking about "portfolios" and "diversification" and other things that you know nothing about........no matter how much BTC you put into a trade it can never be 100% of your portfolio, unless you have put all of your USD into BTC also
Also, to your Goldman Sachs statement. Clearly you are not fully aware of how this works. They invest $40 Billion into a market, and you ask are they scared of losing 20% of their portfolio? If it was all actually out of their portfolio 100% yeah sure, they have pros analyzing risk, but mainly, they get OTHER people to invest in their funds and investments as well...they dont put all of the money up themselves - and you think Goldman Sachs puts 100% of their portfolio in anything? NEVER.
You missed the point again doc (im not surprised) (your not a real doctor are you?) (how much did you pay for your degree?)
the point is, which kind of lunatic would invest $40 Billion into something that they aren't certain will make them money. That doesn't happen. So if they are dead sure about winning, wouldn't their concern be to put as much money as possible toward their view on the market so that they can reap the biggest reward possible? Ever heard of profit maximization?
If there was some rookie trader (like you) ranting and raving because they have surpassed "20%" of their portfolio, he'd probably lose his job and be blackballed by the entire finance industry
I'm disappointed in you doc