We each have to decide which projects we are to put tokens in. There are a lot of choices and they will keep growing. I think it is safe to say many, including myself, are already overwhelmed with the potentials out there.
You mentioned one of the basic premises of investing: always have some powder in the keg. Going "all in" means that even if one is focusing upon a single project, a pullback in price is an opportunity. Of course, one can only take advantage of it if there is some liquid money available.
Finally, I am not a fan of diversity in the traditional markets since I feel it tends to make people lazy and is a mantra thrown out in by the financial services industry. The problem with this is when a market crashes, it matters none how diversified one is, all gets hits. We saw this a decade ago when stocks across the board was obliterated.
In crypto, it is a different story. We have no idea what is going to be successful or not. All of this is still an experiment so which ones end up successful is a hard call. Spreading one's holding across the board will help. We are going to have some holdings that end up worthless, that is simply the nature of the game with so much uncertainty.
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There are a lot of valid points in this video.
We each have to decide which projects we are to put tokens in. There are a lot of choices and they will keep growing. I think it is safe to say many, including myself, are already overwhelmed with the potentials out there.
You mentioned one of the basic premises of investing: always have some powder in the keg. Going "all in" means that even if one is focusing upon a single project, a pullback in price is an opportunity. Of course, one can only take advantage of it if there is some liquid money available.
Finally, I am not a fan of diversity in the traditional markets since I feel it tends to make people lazy and is a mantra thrown out in by the financial services industry. The problem with this is when a market crashes, it matters none how diversified one is, all gets hits. We saw this a decade ago when stocks across the board was obliterated.
In crypto, it is a different story. We have no idea what is going to be successful or not. All of this is still an experiment so which ones end up successful is a hard call. Spreading one's holding across the board will help. We are going to have some holdings that end up worthless, that is simply the nature of the game with so much uncertainty.
Great points.
On steem at the moment I will my focus to build liquidity. ;)
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key aspect for any investor
Hi, @chesatochi!
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