Crypto diversification in portfolio

Hello friends, how are you, hope you are well and all is well in your family. I am back here again with my new post there are a lot of interesting topics here and I am participating in different communities and having a lot of fun too, if you have not participated in this contest yet, then you can join in the contest from the link given here because there are still many days left to participate in the contest.
The contest is hosted by @khursheedanwar

Contest alert//Crypto diversification in portfolio//1 booming+1 SP

Source

Although whoever is a successful investor keeps his portfolio diversified, everyone's majority of shares are definitely in one place somewhere. Nowadays, the trend of investment has increased a lot. Ever since the pandemic started, people had nothing to do because the people who were working from home had a lot of money as they did not have to spend it anywhere, due to which they got multiple opportunities to invest their money, so people started investing in different places. People who invested between 2018 and 2020 must have made a lot of profit till now because at that time the market was very volatile and there were very few people who were investing. Still, those who invested got a lot of profit even after the investment went bad.

Everyone advises that you should keep your portfolio diversified because by doing so you reduce your losses. If you invest all your money in a single asset, then it is quite natural to incur losses there but there can also be profit if that crypto has increased a lot. If you had invested in BTC a few years ago, your money would have doubled. Many people advise diversification. Some people invest all at once and some people like to do DCA. Some people buy weekly, some people buy monthly and some people buy daily. It all depends on how much money you have to invest. Some people make long-term investments and also buy crypto worth some rupees weekly and this is also a good way of managing it because if you buy any asset all at once, then in such a case the risk of both your profit and loss increases a lot.

Well, the big investment companies look at a lot of things and manage your portfolio accordingly, but if you run a personal account, then you have to take care of a lot of things and you have to take care of all these things that for what purpose you are investing, long term or short term. If you are investing with a long-term perspective, then cryptocurrency can be a good option. If you are doing this for the short term, then it can be very risky. To be honest, I am also new in this world, yes I know about the things but I am a little scared of investing in crypto and I may not invest in it in the morning and then diversify my portfolio. I am planning to invest in some tokens like BTC, Ethereum, Steem, Dogi and some other tokens in which I want to diversify my portfolio and I may buy some tokens in which the chances of increasing the money are very high and also of sinking.

Some time back I had bought some crypto on my balance. Still, in a hurry, I sold all the tokens and that too at a loss because some new rules from the government had come due to which I was scared and I sent all the assets into loss and that was a big mistake on my part if I had kept those assets till now then I might have made a good profit, yes I did not invest much there, I had invested about $200 and probably it would have been between 500 to 800 dollars by now. Still, no problem, I do not regret it that much but I will invest in crypto soon and will surely share my portfolio with you, thanks.

I hope you did learn something new today, see you tomorrow. Have a wonderful day. Not sure what's the exact time there See you.

Feel free to follow me @theexplorerguy for more amazing daily content