09-18-2021, 03:26 PM
Diversification is not buying different crypto-currencies.
<!-- SC_OFF --><div class="md"><p>Diversify in other markets as well, don’t put all your money on crypto. As bullish as I am on Crypto, I have not invested more than what I can afford to lose, which is what all of you should be doing too!</p> <p>Stocks, Bonds, Real Estate, Physical Assets are just some ways to diversify. I would 100% recommend you to invest in these markets as well as in crypto. </p> <p>If the crypto market collapses, you should always have a back up. Which is why I also recommends everyone to have an Emergency Fund as well!</p> <p>I know holding a shitcoin like USD isn’t a smart investment but in case of emergency it’s super easy to use and is accepted everywhere.</p> <p>Tldr; Diversify in other markets as well, and don’t put all your money into crypto!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Innit4theTech"> /u/Innit4theTech </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pq5dxw/diversification_is_not_buying_different/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pq5dxw/diversification_is_not_buying_different/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Diversify in other markets as well, don’t put all your money on crypto. As bullish as I am on Crypto, I have not invested more than what I can afford to lose, which is what all of you should be doing too!</p> <p>Stocks, Bonds, Real Estate, Physical Assets are just some ways to diversify. I would 100% recommend you to invest in these markets as well as in crypto. </p> <p>If the crypto market collapses, you should always have a back up. Which is why I also recommends everyone to have an Emergency Fund as well!</p> <p>I know holding a shitcoin like USD isn’t a smart investment but in case of emergency it’s super easy to use and is accepted everywhere.</p> <p>Tldr; Diversify in other markets as well, and don’t put all your money into crypto!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Innit4theTech"> /u/Innit4theTech </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pq5dxw/diversification_is_not_buying_different/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pq5dxw/diversification_is_not_buying_different/">[comments]</a></span>Kind Regards R