CryptoTC
Crypto Fat Cat
Found this interesting read earlier today:
Just Diversify? With Crypto Portfolios, It's Not So Simple - CoinDesk
I disagree with any assertion that diversifying into multiple different cryptos makes a difference. One of the comments in the article is that 90% could go away, therefore you should own a bunch to make sure you have some winners.
This author tends to agree with my view.
Math tells me that if only 1 in 10 of my holdings survive and the rest drop precipitously by 80% or more, then my winners have to see greater that 900% gains for my overall portfolio to show any gain. I’m not willing to take these huge crypto investment risks and then hope a few hit 10x returns. Even then my overall crypto return would be minimal.
Anyone else want to weigh in?
Just Diversify? With Crypto Portfolios, It's Not So Simple - CoinDesk
I disagree with any assertion that diversifying into multiple different cryptos makes a difference. One of the comments in the article is that 90% could go away, therefore you should own a bunch to make sure you have some winners.
This author tends to agree with my view.
Math tells me that if only 1 in 10 of my holdings survive and the rest drop precipitously by 80% or more, then my winners have to see greater that 900% gains for my overall portfolio to show any gain. I’m not willing to take these huge crypto investment risks and then hope a few hit 10x returns. Even then my overall crypto return would be minimal.
Anyone else want to weigh in?
