Why I Now Believe in Diversifying My Crypto Portfolio

There are many good coins where users can invest and I think I must change my thought about investing that diversification is the only way to success. In the past I always set one thing in mind that investing in one coin will be more profitable.

I am regular #hive user and unfortunately, my all investment is in #hive. If I had invested more than one coin then surely I have made lot of profit till now.

My some of the posts were about that diversification is not good in crypto market rather investing in one coin with all money is better. The reason I gave because if a coin rise in price it will give you huge benefit rather putting your money into many different coins which are not guaranteed to rise.

But I was totally wrong and now I am changing my mindset that diversification is the only way towards success. I have invested 100% of my money in #hive with a thought that it will give me huge rise.

But unfortunately, may be for some reasons #hive did not rise and I lost a chance of becoming wealthy in the recent bull run. But what if I had diversified my portfolio and investing in more than 5 coin such as #hive #sol #matic #Ada #sand and some more coins.

The Power of Diversification in Crypto

Yes, surely I would had made a lot of profit. This is the common mistake why some people did not make money from the crypto market after waiting for the long time period.

So, I think diversification is the best in the crypto market. Now I have the only way to diversify my portfolio and that is to keep on investing in different coins with another money rather powering down my #hive.

What do you people think about investment? Will you prefer diversification? Do you think crypto market is the best place to make huge money? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

NOTE: IMAGES EDITED IN CANVA.

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3 comments

I think it depends on everyone personal goals, rn mine is to protect capital and build my account on Hive, trading and diversifying also spread the risk, one asset or many assets in my opinion it all comes on capital management, Im hungry for Hive to drop back to 30 cents if possible, got some USDT waiting and my BTC position is growing but slower, besides consider all the mayor scams that happen on 2023 drag the entire market, this are times to be positive, good times ahead ✌️🤑2024

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