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RE: Get Inspired by a Few Quotes about Diversification of Your Investments (Putting Your Eggs in Multiple Baskets Instead of Just One)
Hell yah good post.
Our crew has recently gotten into diversification of our portfolio when we initially just HODLed ETH and a bit of hedging into BTC.
I would like your thoughts but we have diversified into a couple relatively new coins that have proof of stake with the premise that they might be more stable in times of instability, and reward the hodling.
Additionally, we short term diversify in major coins that have forks coming up, and in a second GPU mined coin (that we can mine directly and avoid exchange charges.)
I also personally like to have a privacy coin as part of my core as they seem to do well short term and may really take off if regulation heats up.
Thoughts?
Sounds like you guys already have put in some thought, nice!
I don't have any particular thoughts on this, all is personal. I try to share some of my thoughts on my crypto portfolio every once in a while in my portfolio updates and the 70/30 approach I use.
In the future I might go into more detail about other assets as well since I feel it is nice to have some investments besides crypto.
Privacy coins are interesting and is a niche that serves a need from the beginning. I currently only have Monero and used to have Pivx and Verge. You might be right about those regulations making privacy coins more attractive. On the other hand, I actually think it is also a bit risky if a coin only does privacy (and functions also as currency of course). Big projects with more use cases might build in privacy as well (like Zksnarks into Ethereum or smth), then the privacy coins lose their edge.
We'll see how it goes!