In 2020, I learned that it's sometimes smarter to invest all your money in one strong cryptocurrency rather than spreading it across many.

When I got into crypto, there was a lot of buzz around $DOGE on YouTube. Unsure if it was legit, I bought some $BNB through peer-to-peer, but only received $7 of the $10 I spent. Its value quickly dropped to around $5, and I realized I needed $11 to trade due to the minimum balance. Not knowing about the Convert feature, I bought USDT and forgot about the BNB. Later, I was surprised to find my $5 in BNB had grown to $50! Although I made profits with other tokens like WIN, DENT, and SHIB, focusing on BNB would have been more profitable and spared me the ups and downs of other tokens.

While diversifying is often recommended, it didn't work out well for me, perhaps because I could only invest a small amount before PayPal removed my peer-to-peer option.

Remember, this is just my experience, not financial advice. Do your own research and find what works best for you.

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