How can I determine the right amount of cryptocurrencies to hold as a rule of thumb?

1 answers

• BulatMar 04, 2024 · 2 years ago
  At BYDFi, we believe in the power of diversification. Holding a diverse range of cryptocurrencies can help mitigate risk and potentially increase your chances of earning higher returns. However, it's important to note that diversification alone is not a guarantee of success. It's crucial to thoroughly research each cryptocurrency before adding it to your portfolio. Consider factors such as the project's team, technology, market demand, and long-term potential. Remember, investing in cryptocurrencies carries inherent risks, so it's important to only invest what you can afford to lose and seek professional advice if needed.
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