the golden rule in crypto trading:
don’t put all your eggs in one basket. diversification helps you to reduce risk, especially if you're planning to stay long in this volatile market.
How to Diversify:
- Invest in a mix of large-cap cryptocurrencies ($BTC, $ETH , $XRP , $BNB ...) and smaller altcoins with growth potential (,$ADA $PEPE , $SHIB …)
- Include stablecoins like $USDT to hedge against market volatility. it will help you to survive when an asset or market goes down unexpectedly or stays downward for long periods. or to buy the dip according to your plan.
- Explore other sectors like decentralized finance (DeFi) and non-fungible tokens (NFTs).
What's the benefit:
Ok, the main benefit is for you to achieve your goal with best outcome, to stay long in trading without losing your money, to be mentality healthy (saving you from too much stress or unnecessary worry) and to recover from a loss
Also, saves you from glueing to your screen all-day and will help you diversify time to other important things in life or time to family, friends and to people that need you,…overall a very necessary way.