Over the past **30 days**, I embarked on a wild experiment: buying **$1 worth of cryptocurrency every single night**. It seemed like a small move, but what I didnât expect was the *massive* rollercoaster ride my portfolio would take me on! đȘïž Hereâs what I learned from diving deep into the world of crypto one night at a time.
â ïž **The Dangers of Over-Diversification** â ïž
At first, I thought I was being smart by diversifying my investments across **30 different cryptocurrencies**. After all, *diversification* is often hailed as a solid strategy, right? But as I kept adding new coins, I quickly realized this wasnât the golden strategy I envisioned. đ€Ż
**Why?**
Because **not all coins are created equal**. While some coins were relatively stable, others saw **massive swings**âeither up or downâthat heavily impacted my overall portfolio. The result? Every time I added a new coin, my portfolio seemed to take a hit instead of growing steadily. đ±
đ„ **Volatility Was Off the Charts** đ„
The real surprise? The **volatility** of the market. Even though I was only buying $1 worth each night, the **fluctuations** in value were *extreme*. Some coins barely moved, while others jumped or plummeted, completely shaking up my portfolioâs balance.
đ **The Crypto Rollercoaster** đą
This experiment showed me just how *wild* and *unpredictable* the crypto market can be. I had some coins that surged, making me think I was on top of the world, only to have them crash overnight, pulling my gains down with them. đ€
**Key Takeaways:**
- **Diversification** isnât always the safety net it's cracked up to be.
- **Volatility** is a major factor, and it can turn a seemingly small investment into a *crazy ride*.
- Not every coin will perform the same, and sometimes, itâs more about **quality over quantity**.
đš **Final Thought:**
This experiment taught me that investing in crypto is not for the faint of heart! If youâre planning to dive in, be prepared for *extreme ups and downs*. The lesson? **Pick your coins carefully** and understand the **risks** that come with over-diversification!
Ready to ride the rollercoaster or are you thinking of switching strategies? đđ„ Letâs talk!