🎯 Trapped Buying Too Many Coins? Here's a Smart Way to Avoid Over-Diversification!
Are you a crypto beginner with a tendency to buy too many coins? Be careful, your portfolio can become bulky but unhealthy! Too many coins can make it hard to focus, hard to maximize profits, and difficult to monitor progress. But don't worry, there's a solution👇
🔍 1. Research Before Buying!
Don't buy just because the coin is trending. First, understand the project—read the whitepaper, check the tokenomics, find out who the founders are, and see if the community is active or not. At least you should understand 70% about that coin before buying.
🚫 2. Stop FOMO, Start Smart!
Influencers can be listened to, but don't make them your main compass. FOMO often makes us buy just because it's being discussed a lot on social media. Remember, your investment decisions are your personal responsibility.
📊 3. Manage Your Portfolio with Strategy!
If you want to "spread the net" or buy many coins, make sure to limit it to a maximum of 1% of total assets per coin. This is suitable for those looking for hidden gems, but still keeping the risks controlled.
📁 4. Separate Wallets for Experiments!
Don't mix your experimental coins with your main portfolio. Create a special wallet so you can track the performance of high-risk coins more clearly and measurably.
📌 The bottom line, over-diversification = confusing yourself. It's better to have a few coins but understand them deeply than to have many but buy them randomly.
💬 What about you, do you prefer to focus on a few coins or spread your net across many altcoins? Write in the comments!
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Not Financial Advice. Always DYOR.