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RE: Steemit Crypto Academy Contest / S7W3 - Understanding Crypto Trading
Hi dear friend,
I hope that you will be doing well. You are very right that the risks that are associated with the crypto market tend the traders to always be cautious while entering the market.
The main three points that you have mentioned in the post are very true that the diversification of our crypto portfolio is very much important to avoid the potential losses in the market.
Diversified portfolio also help the traders to avoid the scams that are always present in the crypto space. These scams could be prevented to a great extent if we are holding multiple tokens at a time.
Thanks for the great post and I wish you a very good luck for the contest. I will be happy if you will equally engage with my entry as well.
You are very correct dear friend. A diversified portfolio can go a long way to protect your asset from loss or potential attacks from malicious sources.
Thanks for supporting and sharing your wonderful ideas with me friend, I really appreciate your time here❤️:-)