#ChristmasMarketAnalysis What I Learned from Buying $1 Worth of Crypto Every Night for 30 Days! đš
For the last 30 days, I embarked on a daring experimentâbuying $1 worth of cryptocurrency every single night. It sounded like a small step, but the wild ride my portfolio took me on was nothing short of mind-blowing! đȘïž Hereâs what I discovered, one night at a time.
â ïž The Dangers of Over-Diversification â ïž
At first, I thought I was being a savvy investor by spreading my $1 across 30 different cryptocurrencies. After all, diversification is supposed to reduce risk, right? But, as I added more coins, the reality quickly hit me. đ±
Why?
Because not all coins are created equal. Some were fairly stable, while others swung dramaticallyâup or down. Every time I added a new coin, my portfolio seemed to lurch, rather than grow steadily. đ€Ż
đ„ Volatility Was Off the Charts đ„
The real shocker? Volatility. Even though I was only investing $1 each night, the swings in value were insane! Some coins hardly budged, while others took me on a crazy rideârocketing up one night, crashing down the next.
Extreme fluctuations meant my tiny investment felt like a massive rollercoaster at times. đą
đ The Crypto Rollercoaster đą
What stood out most was just how wild and unpredictable the crypto market can be. I had coins that surged, making me feel on top of the world, only to see them drop like a rock the very next day. đ€