Why diversify or HODL

in hodl •  6 years ago 

“Diversify, diversify, diversify?” That’s the worst advice possible because #cryptocurrencies are highly correlated. In my #Blockfesta talk I showed how diversified portfolios perform over a year. If you just bought $BTC you’d be up 54% but losses increase as you diversify. #HODL236DC5BC-5A9F-4059-BB89-A33805320844.jpeg11B1A800-27DC-48E2-8B08-5C3AE2D91781.jpeg

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