It is important to avoid overdiversification by investing small amounts in many coins, such as spreading $ 10 across 20 different assets. A more effective strategy is to focus on 5 or 6 carefully selected coins with substantial holdings in each. For example, if you are investing in GALA, aim for a significant amount, such as 15,000 coins, to truly benefit from price movements. Many investors make the mistake of putting $ 20 into 30 different coins, which dilutes potential gains. By holding fewer coins in larger amounts, long-term holders can better position themselves for significant returns and reduce the need for constant market monitoring.
