Diversifying your Crypto Investments

10 Jun 2022

There is a saying- Do not put all your eggs in one basket. The same thing is applicable in all spheres of life with Crypto Currency being inclusive. 

Some may say that they are taking risks by going all-in on a project, probably because of what they stand to gain. Sometimes this decision may have a dead end.

How can one Diversify His/Her Crypto Investments?

This is actually very easy to do, the crypto space has a whole lot of blockchains, such as Ethereum, BNBChain, Solana, Avalanche etc.

All you have to do is split your portfolio across several blockchains, i.e, hodl your tokens on Ethereum, BNBchain, Polygon etc rather than have all your crypto hodlings on one blockchain.

Diversifying also includes not using one wallet to hodl all your tokens, this is important due to hacks and the likes, so you don't become a church rat after accomplishing so much in the crypto space. It doesn't cost much to create a new wallet there is no crime in having more than 10 different wallets.

Don't hesitate to diversify your investments, you never know when it will save you from a great loss.

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