Is it better to focus on one cryptocurrency, or to diversify into others?

[Bousine123]

I think it's best you diversify your Cryptocurrencies portfolio, investing in just one of them would make you risk loosing your funds all in one dip.

 

[Senator]

Be careful to always make sure you follow your instincts and your mind based on your analysis you've made on your choice of coins to invest in. If investing in one Coin has bee going well for you. That's really cool

 

[Dagm1]

Me i directly do not have actually as well as i do not spend for just one type of cryptocurrency,i opt for all of various other cryptocurrency since I think that certainly there certainly will certainly be actually a attend which a cryptocurrency that does not have actually worth currently will certainly have actually worth later on,that is the factor I enter into financial assets on various kind of cryptocurrency.i believe you ought to comply with my tip as well as thank you me later on

 

[Thinker009]

I think it's best to diversify your investment , if you are willing to make more profit from your investment. So it's best to diversify to potential cryptocurrency

 

[Chibson]

There is a friend of mine that does not really know much about cryptocurrencies but he is only focused on xrp but I have warned him to diversify to other cryptocurrencies in order to make good profit.

 

[Adam13]

All cryptocurrencies have their high and low days. You don't expect to invest in one type of cryptocurrency and expect high Returns every single time. When you diversified if you lose in one type of into currency you might gain at the other. Diversification is very much important in the cryptocurrency world full stop in fact if you can invest in all type of coins you should do so.

 

[Georgeadawara]

It's better to spread out your risk by buying into an average of all coins that has market potentials.
Yes Bitcoin is doing good and has the attention of almost an average investor but buying high volume of altcoins which are superbly cheap can boost your portfolio and returns in future and also served as shock absorber in the event of some losses.

 

[Immilash]

We'll ask for I don't diversify my attention I just focus on one site be it crypocurrency or the other in other to have a well successful business

 

[harrypaul]

It is good to do a multicoin trading, that is what you are asking.
Yes it is the best option, so that when you are not gaining on one coin, you can gain from another.
All the coins do not fall at the same time, or just maybe during a deep.
But you can trade on altcoins like
Ripple
UMA
Doge
Solana
Ada
Fts

 

[Chibson]

Diversifying your portfolio is the beauty of cryptocurrency and I think it is better for you to focus on some projects that have very good fundamental analysis.

 

[Sotherefore]

You should not focus on one cryptocurrency but you can just try as much as possible to get as many as possible especially the potential one that may be able to rise in the future.

 

[McIrx]

The cryptocurrency market is too unstable to focus on just one coin. Diversify your portfolio. Fill it up with the usual suspects with strong backings like bitcoin, bnb and the likes. Augment it with the odd altcoins that rise and fall at unbelievable speed. Their liquidity serves a purpose.

 

[ahmedo24]

Honestly when you spread your investment in cryptocurrency it is far better because why some coins might be rising others might be falling so you do mean very easy for you to manage your losses and also the profit.

 

[Stylex]

I sujet you go for one crypto currency than to diversify ,the reason why I said that is because you do not need to divert your attention in to many crypto currency but rather I think you should just focus on one and give it your full attention

 

[Ceeny007]

Traditionally it's not always safe to put all your evgs in one basket but if you have a prospect and you know it will do well, you can bank on it

 

[Filicit]

If you are a newbie, then mist likely, the coins would be attractive but start with one and grow your expertise from there, with time you can diversify you'll have some knowledge of the market then

 

[Shigobad2020]

I think it's best you diversify your Cryptocurrencies portfolio, investing in just one of them would make you risk loosing your funds all in one dip.

Diversifying your portfolio I the best way of making more money and investment online, because staying on just one crypto currency can harm your investment at times when the coin you invested in dimishes.

 

[Setho]

If you want to dive into cryptocurrency and make money then you should know that one currency might not be enough. You should have a broad knowledge about multiple currencies.

 

[Sotherefore]

Personally I do not focus on one cryptocurrency alone I have other cryptocurrency I am investing on about from bitcoins and solana, there are cheap cryptocurrency with serious potential.

 

[Oliver4smile]

This depends on how much you are willing to invest in crypto currency, if you are having little, it's automatic that you won't be able to diversify. But if you have more than enough money you are currently not using then you can diversify, target crypto coins you know have great potentials.