/biz/ - Business & Finance

[Anonymous No.10423997]

Does diversification in crypto matter?

[Anonymous No.10424013]

as long as u have link no

[Anonymous No.10424016]

fuck man fuck

I don't know if I can deal with these fucktards anymore

[Anonymous No.10424018]

>>10424013
fuck off street shitter with your shitcoins

[Anonymous No.10424020]

>>10423997
Depends on how much risk you're taking
But over-diversifying is worse

[Anonymous No.10424022]

>>10424018
This.
Link is a meme.

[Anonymous No.10424035]

No. I am all in Monetha.

[Anonymous No.10424037]

>>10424020
what is the threshold for over diversifying

[Anonymous No.10424039]

No, just go in all the time.

[Anonymous No.10424041]

>>10423997

If you have +20k. But in this market I would say +50k.

It's pretty much all in ride or die shitcoin gambling if you have like 10k or less

[Anonymous No.10424054]

>>10424041
why not just do bitcoin then? all altcoins basically lag bitcoin anyway

[Anonymous No.10424064]

if you're a trader, it's essential
you need to partially liquid at all times in big caps like BTC or ETH so you can scalp/buy mega-dips
you need to be diversified in alts so that you can continually rebalance+ increase your stack that way
but if you're overdiversified, it becomes very difficult to monitor the ratios between what you're holding and notice good opportunities to swap/siphon money from one asset into another

[Anonymous No.10424072]

>>10424064
I'm not a trader

[Anonymous No.10424098]

>>10423997
watching pic related
spooked the shit out of me

if you are not all in link, you will not make it

[Anonymous No.10424104]

>>10424037
There's no arbitrary numbers but you can usually tell if you pay attention. You don't want to buy into so many projects that you don't have a significant stake in anything.

[Anonymous No.10424106]

>>10424098
you should pick a better coin to shill for, pajeet

[Anonymous No.10424117]

No. When It's alt season literally every fucking coin moons. Even the shittiest of shitcoin will be at least an easy 3x

[Anonymous No.10424124]

>>10424054
because if you pick the right altcoin you will get 100x more than you ever could by picking bitcoin

[Anonymous No.10424150]

Its all a giant scam. You may make a ton of money but mostly you'll just get ponzied and lose a lot. Beware of crypto. It is a sour poison that rots the soul and drains the will of man.

[Anonymous No.10424163]

>>10424150
I know you're joking but I only have a small percentage of my total portfolio in crypto

[Anonymous No.10424361]

>>10423997
muh diversify, diversity is our strenght! buy my shitcoin!!!
diversifying is a meme
>shitcoin #1 -5.6%
>shitcoin #2 -4.7%
>shitcoin #3 -6.2%

[Anonymous No.10424399]

The entire market is Bitcoin’s coattails. “Diversification” is just a fantasy.

[Anonymous No.10424429]

>>10424064
>if you're a trader, it's essential
What if you're not a trader (I mainly hold 2-3 alts and btc and switch alts once in a while, every few weeks) and you don't have a lot of money invested in at all?
Should you limit diversification?

[Anonymous No.10424631]

>>10424037

Some think 4
Some 8
Personally I think 21 is the absolute max

Depends on your balance and confidence

[Anonymous No.10424871]

>>10423997
Tradefag here
In the crypto world the prime number of alts to hold is around 4-6
Less can be better, not more tho

Going all in is idiotic, first off the market is random and unpredictable... even the coin you think is pajeet shit can be up 50% one day while yours is dumping

[Anonymous No.10424910]

The goal of diversification is to hold a basket of uncorrelated assets that trend upward.

Every shit coin is correlated with BTC. Do not diversify.

[Anonymous No.10425031]

>>10423997
Am i the only one that thinks women just go around saying this guy is good looking just because they think theyre supposed to and want to fit in?

[Anonymous No.10425065]

>>10425031
He seems pretty charismatic in films and in general so it's probably that too

[Anonymous No.10425226]

>>10424054
There were plenty of coins that outperformed bitcoin from December to January but a huge margin.

[Anonymous No.10425613]

>>10425031
You're pretty much right. Women will think someone is attractive if the rest of the herd also believes that person is attractive. Called pre-selection.

He is good-looking though, but he borders on being somewhat funny looking as well.

[Anonymous No.10425621]

>>10425613
Furthermore, it doesn't hurt that he is also rich and famous.

[Anonymous No.10425813]

>>10423997
no. products matter, period. everything else is a short term pump trade them at your own risk. back in the day anons wouldve said 'the technology matters, period'

[Anonymous No.10425896]

>>10423997
holding anything other than bitcoin is pretty much retarded

[Anonymous No.10425914]

>>10424429
>What if you're not a trader (I mainly hold 2-3 alts and btc and switch alts once in a while, every few weeks)
that's being a trader

[Anonymous No.10426014]

>>10423997
Does diversification in crypto matter?
What do you think?

[Anonymous No.10426060]

>>10423997
Absolutely. Look at the case of any history of a crypto.

They all boom at different times, most of the time.

Also, for instances of shit like UUU / TOMO, you cannot time when certain things like a Binance listing happen. (See : HOLOCHAIN insider-trading)

Best to spread out, set sell targets, and constantly shift.

Never marry your coin.

[Anonymous No.10426077]

>>10423997
yes anon, especially if you are doing the /biz thing and buying total shit total hype of the month projects. have at least two coins (more if you're buying using the /biz shit meme method of investing). I'm holding 4 (two with major positions) and when one is only going up 3-5 percent the other will be up 10-16%... then another day both are down 1-2% but my other holds are up 5-20% and round and round it goes. I will tell you this, I definitely see that it tends to level out the fluctuations and I feel much more comfy. If i was just holding one I would have died of an ulcer by now.

Love,
Chad

[Anonymous No.10426079]

Pick your fucking poison literally everything moons during alt season

[Anonymous No.10426087]

>>10425813
on the timeline of 1-2 years products matter... especially these next 1-2 years. shit is getting real.

Love,
Chad

[Anonymous No.10426094]

>>10426079
This year will be different. Can't wait.

[Anonymous No.10426098]

>>10426094
How will it be different?

[Anonymous No.10426198]

I'm new in crypto so help me out on this one.

Traders are buying crypto to hold it and then sell for real money, all right? Or are they buying it to trade for BitCoin or some main currency?

If BitCoin goes really high, let's just suppose, it's better to sell it or hold it? Supposing that it can always go down.

[Anonymous No.10426200]

>>10426098
Wait for October. ;)

[Anonymous No.10426220]

>>10426200
Man please tell meeeee I'm scared

[Anonymous No.10426242]

>>10426098
I think this year with institutional money, you aren't going to see things like TRX/Dragonchain. I think your coin will need to have some actual tech behind it. Also I think a lot of "cryptocurrency" will end up dying and utility tokens will become more sought after. Just because it isn't that useful if the crypto only functions purely as currency.

[Anonymous No.10426260]

What about just diversifying the top 10 coins?
A lot of them seem to be hitting the bottom right now

I would hate to miss on another IOTA gain.
although desu, i've been pretty much 80% all in Stellar, with the rest in shitcoins that I didn't sell in feb (BIG MISTAKE, DONT HOLD SHITCOINS AFTER THEY'RE DUE)

[Anonymous No.10426263]

>>10426242
What about supply chain tokens like AMB and VEN?

[Anonymous No.10426272]

>>10426220
The final bull before some of what ^^^^^^^ this guy ^^^^^^^ is saying comes true.

Wait for it, and don't fuck up this time.

[Anonymous No.10426286]

>>10426242
Yeah that's what I figured. Too much big money getting involved.
Although, I think dogecoin, aside from others, might make some dramatic comeback with the normies when the bullrun begins