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Risk diversification"Don't put all your eggs in one basket" – that’s the rule you should always have in your mind, while investing in coins. I would even say that it should be your golden rule. Even if you making a deep analysis of the coin, comparing historical prices, find a coin that obey all the rules that make a coin a good investment, its price may fall down. It is the same as on the stock market. Even a strong company may temporary loose on its value. When it happens don’t take nervous decisions: too sell, as it may be the best time for buying. Remember: buy when the price is going down, sell when it goes up. For your investment portfolio, you should choose at least few coins. Diversification decreases your risk of investment, as while some coins may depreciate at the moment, other can appreciate. Overall your rate of return is perhaps a bit lower but it is hard to predict which coin will be the best investment, while there are always couple of coins with very strong potential growth possibility on the market. |
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Current articles
Investing in Coins - general rules
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