Investing in a Single Coin vs Dividing Your Investment into Different Coins :
When I joined crypto I heard one thing from a lot of people "don't put your eggs in one basket" which means that do not invest all your money in one coin, rather invest in different coins.
Those who have more funds can surely invest in as many coins as they want.
But those whose funds are limited and have less money they should invest in a few coins with better past performance.
For example, a person with $500 and above can invest let's suppose in 5 different coins or more but the person with $50 or $10 can invest in hardly two to maximum 3 different coins.
Those with less resources have to face serious challenges in their investment which I will talk about in my next post.
The real game here is, the selection of the right coin. Those who are facing this challenge of low money to invest should invest in the coins which are way cheaper and their performance is good.
One more important thing, do not invest all your resources at once. Spend a little and see how your selected coin performs in the market. And if it performs well, then wait for the dip and spend more.
I hope you like today's post. Feel free to ask questions to clarify this concept. Also if you want to add something related to this topic feel free to comment.
Have a beautiful weekend 😊
