SlideShare a Scribd company logo
1 of 20
By: www.ProfitableInvestingTips.com
A constant theme that you hear in the traditional
investing world is to diversify your investments.
There are pros and cons to this approach for those
who invest in stocks and bonds. The usual rational
for diversification is that by doing so you are
spreading your risk across several investments.
For some investors, the best way to diversify is to use
an exchange traded fund that does the
diversification for you. Should you diversify your
crypto investments and, if so, how would you go
about doing that?
How Can You Diversify a Portfolio?
In the world of traditional finance, diversification
means investing in a mixture of stocks and bonds.
Stocks provide the chance of better profits while
bonds provide relative safety. Bonds can be seen as
cash equivalents or the same as just holding onto
cash.
In the world of crypto you have traditional crypto
tokens like Bitcoin and you have stablecoins.
Stablecoins are the cash equivalent part while
Bitcoin is like buying a stock like Apple or
Amazon.com.
High and Low Risk Cryptocurrencies
In the world of stocks, there are new companies that
have the potential for significant growth and there
are companies like Coca Cola that are stable and
pay a decent dividend decade after decade. In the
world of cryptocurrencies there are established
tokens like Bitcoin, Ether, and Cardano. They go up
and down but are unlikely to fall off the earth or
multiply greatly in value.
And there are new tokens with the potential for
significant growth before they settle in. Techopedia
lists seven high-risk cryptocurrencies with growth
potential. These include Bitcoin Minetrix (BTCMTX),
Launchpad XYZ (LPX), yPredict (YPRED), eTukTuk
(TUK), Chimpzee (CHMPZ), Scorp Token (SCORP),
and Wall Street Memes (WSM). Each of these is
essentially a “story” investment.
The vast majority of new cryptocurrencies fold and
investors lose all of their money. When someone
invests in the right one by good insight or by
chance, they can earn multiples of their initial
investment. Many investors allocate a small portion
of their portfolio to these kinds of investments
while keeping the rest in investments that are more
secure.
Why Not Choose Just One Investment?
Warren Buffett is an investor who would probably be
the wealthiest person in the world it he had not
been giving away about $10 billion a year with the
goal of giving it all away before he dies. Buffett
says that people hedge their bets by diversifying
because they do not know how to identify good
investments. Alternatively, they do not have the
time, patience, or expertise to make good
investment decisions.
Buffett says that these folks should invest in an
exchange traded fund that tracks the S&P 500.
Using this approach they are essentially investing in
the whole stock market as a proxy for the US
economy. Unfortunately, this approach is not
available for crypto. You need to pick individual
cryptocurrencies one at a time.
That being the case, a viable approach might be to
invest in equal amounts of Bitcoin, Ethereum, and
Cardano for one part of the portfolio. Then invest
in Tether, the cash equivalent, as another part. And
last, invest in a mix of startup tokens as the third
and smallest portion.
When To Buy and When To Sell In a Portfolio
Folks in the stock market who hold stocks like
Microsoft, Apple, or Coca Cola usually buy and hold
these investments for years or decades. Folks who
buy a startup with growth potential are faced with
different decisions. When the new stock fizzles they
pick another new stock. When it soars and
multiplies in value they commonly sell, take their
profit, and look for another potential growth stock.
In the crypto world the same idea applies. If you buy
Bitcoin or Ether you are probably going to hold it. If
you buy one of the new ones on the list we
included, you will probably sell when it soars
upward, before it corrects back down.
This approach requires active portfolio management.
A basic decision when diversifying a portfolio is
whether or not you have the time, patience, and
expertise to do this well. If not, stick with your
Bitcoin, Ether, Cardono, and Tether, or whatever
you choose and get some sleep at night without
constantly worrying about the mix of your crypto
portfolio.
For more insights and useful information about
investments and investing, visit
www.ProfitableInvestingTips.com.

More Related Content

Similar to Should You Diversify Your Crypto Investments?

How Capitalists Are Shifting Strategies After The Crypto Meltdown.pdf
How Capitalists Are Shifting Strategies After The Crypto Meltdown.pdfHow Capitalists Are Shifting Strategies After The Crypto Meltdown.pdf
How Capitalists Are Shifting Strategies After The Crypto Meltdown.pdfMavie Crypto
 
What Is the Safest Cryptocurrency?
What Is the Safest Cryptocurrency?What Is the Safest Cryptocurrency?
What Is the Safest Cryptocurrency?InvestingTips
 
TaxCharityTM 15jul2015
TaxCharityTM 15jul2015TaxCharityTM 15jul2015
TaxCharityTM 15jul2015Hans Goetze
 
Crypto Millionaires Share Their Success Stories.pdf
Crypto Millionaires Share Their Success Stories.pdfCrypto Millionaires Share Their Success Stories.pdf
Crypto Millionaires Share Their Success Stories.pdfEmily Albers
 
TaxCharityTM 15jun2015
TaxCharityTM 15jun2015TaxCharityTM 15jun2015
TaxCharityTM 15jun2015Hans Goetze
 
TaxCharityTM 15jun15
TaxCharityTM 15jun15TaxCharityTM 15jun15
TaxCharityTM 15jun15Hans Goetze
 
Why Bother with Altcoin Investments?
Why Bother with Altcoin Investments?Why Bother with Altcoin Investments?
Why Bother with Altcoin Investments?InvestingTips
 
TaxCharityTM 15aug2015
TaxCharityTM 15aug2015TaxCharityTM 15aug2015
TaxCharityTM 15aug2015Hans Goetze
 
what is blockchain_A5_gramma-check_040321_new.pdf
what is blockchain_A5_gramma-check_040321_new.pdfwhat is blockchain_A5_gramma-check_040321_new.pdf
what is blockchain_A5_gramma-check_040321_new.pdfeducation2wealth
 
Penny stocks site
Penny stocks sitePenny stocks site
Penny stocks sitegermvanish
 
Guide To Understanding The Stock Market
Guide To Understanding The Stock MarketGuide To Understanding The Stock Market
Guide To Understanding The Stock MarketLakesia Wright
 
TaxCharitytm 15mar2015
TaxCharitytm 15mar2015TaxCharitytm 15mar2015
TaxCharitytm 15mar2015Hans Goetze
 
Why Were So Many People Doing Business with FTX?
Why Were So Many People Doing Business with FTX?Why Were So Many People Doing Business with FTX?
Why Were So Many People Doing Business with FTX?InvestingTips
 
Secrets to Smart trading with Binary.com
Secrets to Smart trading with Binary.comSecrets to Smart trading with Binary.com
Secrets to Smart trading with Binary.comVince Stanzione
 
How To Invest In Cryptocurrency?
How To Invest In Cryptocurrency?How To Invest In Cryptocurrency?
How To Invest In Cryptocurrency?yottalaboratories
 
Investing with Accurate Financial Solutions
Investing with Accurate Financial SolutionsInvesting with Accurate Financial Solutions
Investing with Accurate Financial SolutionsSteve Rodman
 

Similar to Should You Diversify Your Crypto Investments? (20)

How Capitalists Are Shifting Strategies After The Crypto Meltdown.pdf
How Capitalists Are Shifting Strategies After The Crypto Meltdown.pdfHow Capitalists Are Shifting Strategies After The Crypto Meltdown.pdf
How Capitalists Are Shifting Strategies After The Crypto Meltdown.pdf
 
What Is the Safest Cryptocurrency?
What Is the Safest Cryptocurrency?What Is the Safest Cryptocurrency?
What Is the Safest Cryptocurrency?
 
TaxCharityTM 15jul2015
TaxCharityTM 15jul2015TaxCharityTM 15jul2015
TaxCharityTM 15jul2015
 
Ninja trading system
Ninja trading systemNinja trading system
Ninja trading system
 
Crypto Millionaires Share Their Success Stories.pdf
Crypto Millionaires Share Their Success Stories.pdfCrypto Millionaires Share Their Success Stories.pdf
Crypto Millionaires Share Their Success Stories.pdf
 
TaxCharityTM 15jun2015
TaxCharityTM 15jun2015TaxCharityTM 15jun2015
TaxCharityTM 15jun2015
 
TaxCharityTM 15jun15
TaxCharityTM 15jun15TaxCharityTM 15jun15
TaxCharityTM 15jun15
 
Why Bother with Altcoin Investments?
Why Bother with Altcoin Investments?Why Bother with Altcoin Investments?
Why Bother with Altcoin Investments?
 
TaxCharityTM 15aug2015
TaxCharityTM 15aug2015TaxCharityTM 15aug2015
TaxCharityTM 15aug2015
 
what is blockchain_A5_gramma-check_040321_new.pdf
what is blockchain_A5_gramma-check_040321_new.pdfwhat is blockchain_A5_gramma-check_040321_new.pdf
what is blockchain_A5_gramma-check_040321_new.pdf
 
Penny stocks site
Penny stocks sitePenny stocks site
Penny stocks site
 
Guide To Understanding The Stock Market
Guide To Understanding The Stock MarketGuide To Understanding The Stock Market
Guide To Understanding The Stock Market
 
TaxCharitytm 15mar2015
TaxCharitytm 15mar2015TaxCharitytm 15mar2015
TaxCharitytm 15mar2015
 
Why Were So Many People Doing Business with FTX?
Why Were So Many People Doing Business with FTX?Why Were So Many People Doing Business with FTX?
Why Were So Many People Doing Business with FTX?
 
Secrets to Smart trading with Binary.com
Secrets to Smart trading with Binary.comSecrets to Smart trading with Binary.com
Secrets to Smart trading with Binary.com
 
Crypto vs.pdf
Crypto vs.pdfCrypto vs.pdf
Crypto vs.pdf
 
How To Invest In Cryptocurrency?
How To Invest In Cryptocurrency?How To Invest In Cryptocurrency?
How To Invest In Cryptocurrency?
 
Cryptocurrency- taming the volatility through fund-investing
Cryptocurrency- taming the volatility through fund-investingCryptocurrency- taming the volatility through fund-investing
Cryptocurrency- taming the volatility through fund-investing
 
Cryptocurrency: taming the volatility through fund-investing
Cryptocurrency: taming the volatility through fund-investingCryptocurrency: taming the volatility through fund-investing
Cryptocurrency: taming the volatility through fund-investing
 
Investing with Accurate Financial Solutions
Investing with Accurate Financial SolutionsInvesting with Accurate Financial Solutions
Investing with Accurate Financial Solutions
 

More from InvestingTips

When to Buy and When to Sell Bitcoin
When to Buy and When to Sell BitcoinWhen to Buy and When to Sell Bitcoin
When to Buy and When to Sell BitcoinInvestingTips
 
Dangers of Investment Leverage
Dangers of Investment LeverageDangers of Investment Leverage
Dangers of Investment LeverageInvestingTips
 
Are Private Digital Tokens On Their Way Out?
Are Private Digital Tokens On Their Way Out?Are Private Digital Tokens On Their Way Out?
Are Private Digital Tokens On Their Way Out?InvestingTips
 
When Should Investors Trade Options?
When Should Investors Trade Options?When Should Investors Trade Options?
When Should Investors Trade Options?InvestingTips
 
Will Northrup Grumman Go Into Commercial Aviation?
Will Northrup Grumman Go Into Commercial Aviation?Will Northrup Grumman Go Into Commercial Aviation?
Will Northrup Grumman Go Into Commercial Aviation?InvestingTips
 
How Would a Crypto Privacy Pool Work?
How Would a Crypto Privacy Pool Work?How Would a Crypto Privacy Pool Work?
How Would a Crypto Privacy Pool Work?InvestingTips
 
How CFTC Rules Protected a Crypto Business
How CFTC Rules Protected a Crypto BusinessHow CFTC Rules Protected a Crypto Business
How CFTC Rules Protected a Crypto BusinessInvestingTips
 
Blockchain Tech in the Wake of Crypto Winter
Blockchain Tech in the Wake of Crypto WinterBlockchain Tech in the Wake of Crypto Winter
Blockchain Tech in the Wake of Crypto WinterInvestingTips
 
Economic and Investment Risks for 2024
Economic and Investment Risks for 2024Economic and Investment Risks for 2024
Economic and Investment Risks for 2024InvestingTips
 
Can Stablecoins Be Self-regulating?
Can Stablecoins Be Self-regulating?Can Stablecoins Be Self-regulating?
Can Stablecoins Be Self-regulating?InvestingTips
 
Bitcoin Viability As a Long Term Investment
Bitcoin Viability As a Long Term InvestmentBitcoin Viability As a Long Term Investment
Bitcoin Viability As a Long Term InvestmentInvestingTips
 
Would a Digital Dollar Hurt Banks?
Would a Digital Dollar Hurt Banks?Would a Digital Dollar Hurt Banks?
Would a Digital Dollar Hurt Banks?InvestingTips
 
Will 2024 Be a Good Year for Crypto?
Will 2024 Be a Good Year for Crypto?Will 2024 Be a Good Year for Crypto?
Will 2024 Be a Good Year for Crypto?InvestingTips
 
Obligations of a Crypto Business
Obligations of a Crypto BusinessObligations of a Crypto Business
Obligations of a Crypto BusinessInvestingTips
 
Does Crypto Finance Terrorism?
Does Crypto Finance Terrorism?Does Crypto Finance Terrorism?
Does Crypto Finance Terrorism?InvestingTips
 
Are Smart Contracts Legal?
Are Smart Contracts Legal?Are Smart Contracts Legal?
Are Smart Contracts Legal?InvestingTips
 
Can the Law Fix Crypto’s Problems?
Can the Law Fix Crypto’s Problems?Can the Law Fix Crypto’s Problems?
Can the Law Fix Crypto’s Problems?InvestingTips
 
Apple as a Model for Crypto’s Future
Apple as a Model for Crypto’s FutureApple as a Model for Crypto’s Future
Apple as a Model for Crypto’s FutureInvestingTips
 
Are Crypto Infrastructure Investments Safe Bets?
Are Crypto Infrastructure Investments Safe Bets?Are Crypto Infrastructure Investments Safe Bets?
Are Crypto Infrastructure Investments Safe Bets?InvestingTips
 

More from InvestingTips (20)

When to Buy and When to Sell Bitcoin
When to Buy and When to Sell BitcoinWhen to Buy and When to Sell Bitcoin
When to Buy and When to Sell Bitcoin
 
Dangers of Investment Leverage
Dangers of Investment LeverageDangers of Investment Leverage
Dangers of Investment Leverage
 
Are Private Digital Tokens On Their Way Out?
Are Private Digital Tokens On Their Way Out?Are Private Digital Tokens On Their Way Out?
Are Private Digital Tokens On Their Way Out?
 
When Should Investors Trade Options?
When Should Investors Trade Options?When Should Investors Trade Options?
When Should Investors Trade Options?
 
Will Northrup Grumman Go Into Commercial Aviation?
Will Northrup Grumman Go Into Commercial Aviation?Will Northrup Grumman Go Into Commercial Aviation?
Will Northrup Grumman Go Into Commercial Aviation?
 
How Would a Crypto Privacy Pool Work?
How Would a Crypto Privacy Pool Work?How Would a Crypto Privacy Pool Work?
How Would a Crypto Privacy Pool Work?
 
How CFTC Rules Protected a Crypto Business
How CFTC Rules Protected a Crypto BusinessHow CFTC Rules Protected a Crypto Business
How CFTC Rules Protected a Crypto Business
 
Blockchain Tech in the Wake of Crypto Winter
Blockchain Tech in the Wake of Crypto WinterBlockchain Tech in the Wake of Crypto Winter
Blockchain Tech in the Wake of Crypto Winter
 
Economic and Investment Risks for 2024
Economic and Investment Risks for 2024Economic and Investment Risks for 2024
Economic and Investment Risks for 2024
 
Can Stablecoins Be Self-regulating?
Can Stablecoins Be Self-regulating?Can Stablecoins Be Self-regulating?
Can Stablecoins Be Self-regulating?
 
Bitcoin Viability As a Long Term Investment
Bitcoin Viability As a Long Term InvestmentBitcoin Viability As a Long Term Investment
Bitcoin Viability As a Long Term Investment
 
Bitcoin Versus NFTs
Bitcoin Versus NFTsBitcoin Versus NFTs
Bitcoin Versus NFTs
 
Would a Digital Dollar Hurt Banks?
Would a Digital Dollar Hurt Banks?Would a Digital Dollar Hurt Banks?
Would a Digital Dollar Hurt Banks?
 
Will 2024 Be a Good Year for Crypto?
Will 2024 Be a Good Year for Crypto?Will 2024 Be a Good Year for Crypto?
Will 2024 Be a Good Year for Crypto?
 
Obligations of a Crypto Business
Obligations of a Crypto BusinessObligations of a Crypto Business
Obligations of a Crypto Business
 
Does Crypto Finance Terrorism?
Does Crypto Finance Terrorism?Does Crypto Finance Terrorism?
Does Crypto Finance Terrorism?
 
Are Smart Contracts Legal?
Are Smart Contracts Legal?Are Smart Contracts Legal?
Are Smart Contracts Legal?
 
Can the Law Fix Crypto’s Problems?
Can the Law Fix Crypto’s Problems?Can the Law Fix Crypto’s Problems?
Can the Law Fix Crypto’s Problems?
 
Apple as a Model for Crypto’s Future
Apple as a Model for Crypto’s FutureApple as a Model for Crypto’s Future
Apple as a Model for Crypto’s Future
 
Are Crypto Infrastructure Investments Safe Bets?
Are Crypto Infrastructure Investments Safe Bets?Are Crypto Infrastructure Investments Safe Bets?
Are Crypto Infrastructure Investments Safe Bets?
 

Recently uploaded

13052024_First India Newspaper Jaipur.pdf
13052024_First India Newspaper Jaipur.pdf13052024_First India Newspaper Jaipur.pdf
13052024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Analyzing Nepal's Third Investment Summit.pdf
Analyzing Nepal's Third Investment Summit.pdfAnalyzing Nepal's Third Investment Summit.pdf
Analyzing Nepal's Third Investment Summit.pdfYojana Investment
 
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Musina
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In MusinaTop^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Musina
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Musinadoctorjoe1984
 
Press-Information-Bureau-14-given-citizenship.pdf
Press-Information-Bureau-14-given-citizenship.pdfPress-Information-Bureau-14-given-citizenship.pdf
Press-Information-Bureau-14-given-citizenship.pdfbhavenpr
 
Decentralisation and local government in India
Decentralisation and local government in IndiaDecentralisation and local government in India
Decentralisation and local government in IndiaTulsiTiwari4
 
Income Tax Regime Dilemma – New VS. Old pdf
Income Tax Regime Dilemma – New VS. Old pdfIncome Tax Regime Dilemma – New VS. Old pdf
Income Tax Regime Dilemma – New VS. Old pdftaxguruedu
 
19052024_First India Newspaper Jaipur.pdf
19052024_First India Newspaper Jaipur.pdf19052024_First India Newspaper Jaipur.pdf
19052024_First India Newspaper Jaipur.pdfFIRST INDIA
 
Forbes Senior Contributor Billy Bambrough Master of Tech Journalism.pdf
Forbes Senior Contributor Billy Bambrough  Master of Tech Journalism.pdfForbes Senior Contributor Billy Bambrough  Master of Tech Journalism.pdf
Forbes Senior Contributor Billy Bambrough Master of Tech Journalism.pdfUK Journal
 

Recently uploaded (8)

13052024_First India Newspaper Jaipur.pdf
13052024_First India Newspaper Jaipur.pdf13052024_First India Newspaper Jaipur.pdf
13052024_First India Newspaper Jaipur.pdf
 
Analyzing Nepal's Third Investment Summit.pdf
Analyzing Nepal's Third Investment Summit.pdfAnalyzing Nepal's Third Investment Summit.pdf
Analyzing Nepal's Third Investment Summit.pdf
 
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Musina
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In MusinaTop^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Musina
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Musina
 
Press-Information-Bureau-14-given-citizenship.pdf
Press-Information-Bureau-14-given-citizenship.pdfPress-Information-Bureau-14-given-citizenship.pdf
Press-Information-Bureau-14-given-citizenship.pdf
 
Decentralisation and local government in India
Decentralisation and local government in IndiaDecentralisation and local government in India
Decentralisation and local government in India
 
Income Tax Regime Dilemma – New VS. Old pdf
Income Tax Regime Dilemma – New VS. Old pdfIncome Tax Regime Dilemma – New VS. Old pdf
Income Tax Regime Dilemma – New VS. Old pdf
 
19052024_First India Newspaper Jaipur.pdf
19052024_First India Newspaper Jaipur.pdf19052024_First India Newspaper Jaipur.pdf
19052024_First India Newspaper Jaipur.pdf
 
Forbes Senior Contributor Billy Bambrough Master of Tech Journalism.pdf
Forbes Senior Contributor Billy Bambrough  Master of Tech Journalism.pdfForbes Senior Contributor Billy Bambrough  Master of Tech Journalism.pdf
Forbes Senior Contributor Billy Bambrough Master of Tech Journalism.pdf
 

Should You Diversify Your Crypto Investments?

  • 2. A constant theme that you hear in the traditional investing world is to diversify your investments. There are pros and cons to this approach for those who invest in stocks and bonds. The usual rational for diversification is that by doing so you are spreading your risk across several investments.
  • 3. For some investors, the best way to diversify is to use an exchange traded fund that does the diversification for you. Should you diversify your crypto investments and, if so, how would you go about doing that?
  • 4. How Can You Diversify a Portfolio?
  • 5. In the world of traditional finance, diversification means investing in a mixture of stocks and bonds. Stocks provide the chance of better profits while bonds provide relative safety. Bonds can be seen as cash equivalents or the same as just holding onto cash.
  • 6. In the world of crypto you have traditional crypto tokens like Bitcoin and you have stablecoins. Stablecoins are the cash equivalent part while Bitcoin is like buying a stock like Apple or Amazon.com.
  • 7. High and Low Risk Cryptocurrencies
  • 8. In the world of stocks, there are new companies that have the potential for significant growth and there are companies like Coca Cola that are stable and pay a decent dividend decade after decade. In the world of cryptocurrencies there are established tokens like Bitcoin, Ether, and Cardano. They go up and down but are unlikely to fall off the earth or multiply greatly in value.
  • 9. And there are new tokens with the potential for significant growth before they settle in. Techopedia lists seven high-risk cryptocurrencies with growth potential. These include Bitcoin Minetrix (BTCMTX), Launchpad XYZ (LPX), yPredict (YPRED), eTukTuk (TUK), Chimpzee (CHMPZ), Scorp Token (SCORP), and Wall Street Memes (WSM). Each of these is essentially a “story” investment.
  • 10. The vast majority of new cryptocurrencies fold and investors lose all of their money. When someone invests in the right one by good insight or by chance, they can earn multiples of their initial investment. Many investors allocate a small portion of their portfolio to these kinds of investments while keeping the rest in investments that are more secure.
  • 11.
  • 12. Why Not Choose Just One Investment?
  • 13. Warren Buffett is an investor who would probably be the wealthiest person in the world it he had not been giving away about $10 billion a year with the goal of giving it all away before he dies. Buffett says that people hedge their bets by diversifying because they do not know how to identify good investments. Alternatively, they do not have the time, patience, or expertise to make good investment decisions.
  • 14. Buffett says that these folks should invest in an exchange traded fund that tracks the S&P 500. Using this approach they are essentially investing in the whole stock market as a proxy for the US economy. Unfortunately, this approach is not available for crypto. You need to pick individual cryptocurrencies one at a time.
  • 15. That being the case, a viable approach might be to invest in equal amounts of Bitcoin, Ethereum, and Cardano for one part of the portfolio. Then invest in Tether, the cash equivalent, as another part. And last, invest in a mix of startup tokens as the third and smallest portion.
  • 16. When To Buy and When To Sell In a Portfolio
  • 17. Folks in the stock market who hold stocks like Microsoft, Apple, or Coca Cola usually buy and hold these investments for years or decades. Folks who buy a startup with growth potential are faced with different decisions. When the new stock fizzles they pick another new stock. When it soars and multiplies in value they commonly sell, take their profit, and look for another potential growth stock.
  • 18. In the crypto world the same idea applies. If you buy Bitcoin or Ether you are probably going to hold it. If you buy one of the new ones on the list we included, you will probably sell when it soars upward, before it corrects back down.
  • 19. This approach requires active portfolio management. A basic decision when diversifying a portfolio is whether or not you have the time, patience, and expertise to do this well. If not, stick with your Bitcoin, Ether, Cardono, and Tether, or whatever you choose and get some sleep at night without constantly worrying about the mix of your crypto portfolio.
  • 20. For more insights and useful information about investments and investing, visit www.ProfitableInvestingTips.com.