Investment Decision: Do you put all your assets in one Crypto basket?

A lot of people have hot takes on investment decisions and it's very easy to say something that many people won't agree with on this topic.

The fact that money comes into play makes it even tougher for anyone to give another person advice as far as investment is concerned.

Despite these conflicting ideas, once it comes to fitting assets into our portfolio, I feel that most people will agree to the fact that having a portfolio with only one asset is a very risky thing to do.

One of the threads I saw on Leofinance a few weeks ago was about this fact. The author said that a portfolio with only one asset will either disgrace or make you rich. I, for one, believe that statement to be true.

One of the things I've learnt in the relatively short time I've spent as a player in the Crypto space is that diversification of your asset is very crucial. Even when you are investing as a long-term investor with the intention to HODL until thy kingdom comes, you've got to spread out your investment across various Crypto assets.

On the contrary, if I get a one-off opportunity to travel back to 2010, the only decision I will make would be to sell all my fortune and buy Bitcoin with it. I believe you know why that will tick as a good decision.

But that's not happening. All we are left with are uncertainties, risks and big decisions that has to be made with money on the line. You can put all your money on one asset, but that will be begging for trouble. High risk always comes with high reward/failure.

The way out? Diversify your assets!

It won't be a guarantee of big returns, but it is a more reasonable approach to take in order to minimize your chances of running into a loss.

Thanks For Not Missing Any Full-stop Or Comma.

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