A Varied Portfolio of Cryptocurrency Makes Very Little Sense
You Should Not Pull Your Eggs in One Single Basket
In the scenario of the stock market, the main reason for assortment is to basically optimizing your ratio of risk or reward and to properly reduce the volatility. In purchasing an amount of 10 stocks in place of just one, you guard against any tragic failing in that one particular stock. Likewise, that one particular stock is subject to translucence needs that are quite certain, hence both its reality and story are very likely to pretty closely correlate.
For all other crypto currencies, the reality and story could be apart by poles. The complete reality resides in the code, which is, for most of the investors is quite obscure. It may also be not available, the story or only white paper, to continue. Similar checks or balances are not in cryptocurrency, to completely make sure of their correlation. There can be a catalyst for the team of developers to under-deliver and over-promise.
The one value that is completely true can be quite tremendously more inflated by the respective story, as seen by most of the people. The final reward is often magnified, whereas the risk is abbreviated. This does not particularly reduce your volatility exposure.
Bitcoin is completely different
There was basically no incentive to embellish or over-promise the entire story at the time when Bitcoin was launched. No market was there at that time. The entire concept died or lived based on the respective code that was written incidentally way before the over-delivered and the white-paper.
Moreover, thousands of people scrutinized the code of Bitcoin, who most likely analyze it better than us. It is completely open-source and decentralized. Hence, that is why it is concluded by Song that it should completely belong to your portfolio.
Basically what you should invest in?
If you have any Bitcoin, then what else you require? As stated by Song, research should be done completely by you, and because we cannot trust the entire story, this particularly means analyzing the code. That you most like won't be able to perform being a non-coder, or you are quite unwilling into putting the time. You will get a proper guide for free cryptocurrency trading signals on our website.
Apparently, you cannot completely trust or believe the opinions or reviews that you basically hear or read online to be neutral. So the final conclusion that came out according to Song is basically that, once Bitcoin is there in your portfolio, there is usually very little point transforming into various other altcoins.
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