Diversification is the basics of investment!
It is not a POKER game, we are investing in some projects, you shouldn't get too motivated to throw all your money or too bored and ignore it.
Also, it is a very old saying: "Don't Put All your Eggs in One Basket" which is completely true.
If you are someone who invested ALL his money in Ethereum, someone diversifies it and put some to an ICO which get 40x of what he paid, and you barely get about 2x!
I mean, technically diversification is just one strategy. It's a safe way to make sure you don't lose it all, sure. But if you're sure enough about something and/or are comfortable with the risk, then less diversification becomes a viable strategy.
(Hard to argue with diversifying, but it's not necessarily for everyone in all circumstances.)
Not sure what you mean about the ICOs tho. One may go up 40x, but most of them do lousy compared to just holding btc or eth. I'd be surprised if a basket of all ICOs has outperformed ETH.
Diversification is of course a perfectly good idea in general, but most ICOs that come out are huge gambles, so the equation kind of changes to where "diversifying" into these is actually probably riskier than just holding one large coin.
Diversification is the basics of investment!
It is not a POKER game, we are investing in some projects, you shouldn't get too motivated to throw all your money or too bored and ignore it.
Also, it is a very old saying: "Don't Put All your Eggs in One Basket" which is completely true.
If you are someone who invested ALL his money in Ethereum, someone diversifies it and put some to an ICO which get 40x of what he paid, and you barely get about 2x!
I mean, technically diversification is just one strategy. It's a safe way to make sure you don't lose it all, sure. But if you're sure enough about something and/or are comfortable with the risk, then less diversification becomes a viable strategy.
(Hard to argue with diversifying, but it's not necessarily for everyone in all circumstances.)
Not sure what you mean about the ICOs tho. One may go up 40x, but most of them do lousy compared to just holding btc or eth. I'd be surprised if a basket of all ICOs has outperformed ETH.
Diversification is of course a perfectly good idea in general, but most ICOs that come out are huge gambles, so the equation kind of changes to where "diversifying" into these is actually probably riskier than just holding one large coin.