When it comes to investing it is always advised to diversify your portfolio. Never invest in a single project with all of your money because having too many eggs in a basket can give you huge loss.
After you understand about the diversification then you will understand how good your risk and reward ratio is divided.
If you had invested in 10 different coins among these coins only 6 of your coins runs in the bull run then overall your portfolio will be in profit.
But if you invest in a single coin and that project gets fail then surely you will face a huge loss.
When it comes to diversify your portfolio never underestimate blue chip coins. Many crypto investors says that blue chip coins are slow and cold coins, they have no good potential in this bull run.
I disagree with them and will say that old is gold. Blue chip coins must be added in the portfolios because they have the huge potential to rise in this bull run.
Add from every sector and on equal basis which you will see its benefit in the long run. Therefore, its an advice from myside to invest in blue chip coins.
What do you people think investing in new coins are profitable? Do you think will give good wealth in long run? Will be glad to see your answers in the comment section.
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IMAGE TAKEN FROM CANVA
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