Additionally, you can use a diversified portfolio to spread out your risk across multiple assets. This allows you to reduce the risk associated with any one particular asset.

This is very true. A golden advice if you ask me. Whenever it comes to cryptocurrency and crypto currency trading never put all your eggs in one basket no matter what your analysis says.

Take the Luna crash as an example, it was going all fine and the terra blockchain seemed to be expanding as more dapps were being built upon it and the long term viability of Luna was all there….up until the crash!!

Lot of assets were lost in that few days it happened and some were sadly accompanies with loss of lives. Trading comes with huge risk and as such diversification is a must.

Wonderful write up you have here sir