Shaf
Verified member
Looking back, some people made it big with cryptocurrency in the last two years and kept it, while some people lost extensively. There are many factors that influence this, whether you get rich with cryptocurrency or you lose.
One of these is how you allocate your money between different coins. It's well known that it's not good to put all your money in one investment system, so also is it dangerous to put all your money in crypto on one coin.
You can choose to learn how to diversify your portfolio by yourself or you can follow the opinion of others you respect in this field. It is best to DYOR even if you choose this, to avoid falling for poor decisions.
Most people say it's important to hold both Bitcoin and Ethereum in a well balanced cryptocurrency portfolio. A lot of people have a large chunk made up of large caps that have strong utility too. These category are associated with less risk.
Some people invest in low caps for that life changing returns, while some don't like the risk. Some also allocate some part of their portfolio to shitcoin, especially after we saw how well they did in the last bull market despite all the criticism.
One of these is how you allocate your money between different coins. It's well known that it's not good to put all your money in one investment system, so also is it dangerous to put all your money in crypto on one coin.
You can choose to learn how to diversify your portfolio by yourself or you can follow the opinion of others you respect in this field. It is best to DYOR even if you choose this, to avoid falling for poor decisions.
Most people say it's important to hold both Bitcoin and Ethereum in a well balanced cryptocurrency portfolio. A lot of people have a large chunk made up of large caps that have strong utility too. These category are associated with less risk.
Some people invest in low caps for that life changing returns, while some don't like the risk. Some also allocate some part of their portfolio to shitcoin, especially after we saw how well they did in the last bull market despite all the criticism.