/biz/ - Business & Finance

>>28797429
>Am i overdiversified?
Yes
Keep KSM and put 20% in shitcoin, Reef if thats your choice

>>28797429

I fid it with stocks and don't see any downside of overdiversification. Dunno why people here have a problem with it.
Less than a month newfag here though, already tripled.
Strange I didn't see any shilling for ksm and lit here

$1.7k worth BTC
1k ADA
1k LTO
3k Reef
~$200 of other stuff
Comes to $3.7k almost

It’s funny to see retards with sub 10k folios that hold more than 1 coin

>>28798595
>Newfag
>Dont see any downside of overdiversification
Dude this aint stocks, shit moons +30% by 30% mostly, and often not in the same time, and you will get better returns from jumping from one to another, then in the end put in 2-3 projects that you like when you have more than 10k.
Good picks tho

I'm going to quit my job or kill myself this year. Those are the only 2 options.

>>28799242
I'm confident in my picks, just wish I had more capital.

If you're not retarded, you can turn one good pick into a small stack and diversification dilutes your attention as well as your gains. If you want safe gains just dump your shit in an ETF

>>28797429
>>28798595
>>28798955
>no PNK
Oh my sweet summer child

>>28799401
They are good, DCA.
Dont know about Reef and Akro
>>28799441
This nets you more capital, thats why diversification doesnt work in crypto with <10k $. Its just newfag trap. These are solid projects and wont go to 0

>>28797429
brother i hear you. same boat, same portfolio value. the mega dip that happened today only took me down like 5% because some coins were fine and others weren't. diversification gives me less rewards but way less risk.. and its exactly that. lower risk, lower reward. sure you dont get mad gains by a +30% move, but you don't lose your marbles when one coin drops 30% and the rest are ok.

Got some change in small stuff not pictured like GRT and SNX

Feeling a bit lost, but dont want to turn away from daddy BTC :/ Open to thoughts -

>>28799441
I get this. But not being retarded is very relative.

>thinks there's no problem is diversification
>2.2k in crypto
>6 coins
Wow, this thread reminded me how important DYOR is. Because retarded kids like the ones in this thread are the people who try to give you advice on here.

>>28799401
Want to know a secret? You get more capital by taking risks. Well what does that mean, you may ask. It means DON'T OVERDIVERSIFY!

If you have 500 dollars to put in crypto and you buy 10 different shitcoins you're ngmi because the gains and losses will cancel each other out. In the end you get like 5% weekly gain because every time a shitcoin in your poorfolio moons, another one tanks. Hurray. But imagine this: what if you put it all in one shitcoin? Then a moon would mean a moon to your whole portfolio and a giant red dildo would just mean that you need to HODL that 500 USD stack for a while.

After you are well in 4 figure hell you can buy a couple shitcoins more.

Ngmi with your 500 USD 10 coin folios.

>>28799736
That's my mindset... Tried going all in on single coins, couldn't stomach the risk. I would always sell dips, lost like 1k in a month. Just makes me so worried and makes me autistically stare at charts. Why wouldn't I do that when I could lose 30% in a day by not timing a sell correctly? Ultimately this is all luck, and I would rather have consistent small (still massive) gains rather than be a fucking moonboy.

>>28800239
Why would you sell at those 30% dips in the first place? They're normal and you will be back up in a couple of weeks.

Will I hit 7 figs this year?

Diversifying but mainly a ETH/BTC/LINK folio.

If my Rubics moon with the announced Binance listing and my Graphies continue to perform well in the following weeks, I might just be able to finally finance my entry into the magical world of high gas fees and mooning shitcoins (i.e Uniswap)

>>28800570
>GRT
You're gonna make it, my fren. Also buy ICX and XLM

>>28797429
Your portfolio is retarded, do you think owning 1 of each shitcoin is going to make you rich? Delusional.

>>28800468
Because I would still be in profit
>>28800662
Why not take small, manageable risks on small cap coins? If it tanks I don't get rekt, and if it moons I make a nice chunk of change.

You don't realise there is in between 1 to 4 months of bullrun left at best. Hodling for few weeks is just an eog. Putting everything on one card is just sensless gambling.

7K over:
BTC, ETH, GRT, BNB, Cake

>>28798955
over diversify
>low risk, low reward
yoloing on one coin
>high risk, high reward
Personally if i had less than 10k to invest over diversifying makes more sense. Id rather not lose my entire savings account because whatever shitcoin biz told me was gonna moon crashed. I only have 5k in crypto right now split between link, algo, and grt. Ive made about 800 in the last week and thats plenty for me.

The ETH and gambling token are just there because gas fees YUCKY

>>28800911
Started DCA’ing into LINK last year, managed to buy DOT at $6. Hopped into REEF at $0.17.

Ur best bet is to buy REEF & GRT and hodl/dca until you get outpriced. Don’t go buy dumb coins that are expensive already. Convert gains to ETH/LINK/DOT and that’s it. Please allocate your funds, looking at ur folio is just dumb

>>28797429
>have only 2k invested
>diversifying
You are a fucking retard. Don’t try and justify your poorfag strategy. You have literally no hope of making it without one of those overtaking btc, which will never happen.

>>28801508
Wait fuck I had balance hidden.
How fucked am I, boys?

Rate poorfolio

>>28801889
LTO/10

>>28801889
Based. If I only had a couple hundred, I would probably put it in LTO

Feelsgood
In 3 years it's gonna be hundred of millions

Rate my portfolio biz

Ok brainless here I am new to this my account just been verified on kraken. I bought $1k of cryptos.
but they are now in my "crypto assets"? what does this mean ? did I actually buy them or not ?

>>28804147
no bully pls

>>28801706
So what do you "don't over diversify" faggots suggest? I've slowly started putting money into crypto investing only what I can afford to lose. I've got a grand in currently since I just started. Just buy one shit coin and stake it all on that? What about 50/50 ADA and IOTA.

>>28802943
you're not going to make it and you should feel bad

>>28800222
Imagine being this fucking retarded and writing off a 5% weekly gain.

5% weekly over 4 years turns $500 into $12,000,000

I get your sentiment but this is why you are ngmi -- cause you think chasing 30% short term wins on shitcoins is smart

>>28802943
If you were to choose Theta vs Tfuel what's better?
You get tfuel from staking theta, so doesn't that make it subject to dumps?

>>28800570
Chad / 10

Kek. I posted my portfolio the other day and got blasted for over diversifying. I was down from the dip but I'm back up today. Would have felt it a lot more if I only had 3 coins.

Buy more reef retard.

>>28805065
The don't overdiversify meme fucked me out of a lot of gains this past month. Talking 10k+ the past few days because I consolidated based on rich old fags advice. You know the ones, the ones who are BTC/ETH maxis who already have a pile of gold from being early. During an alt bullrun I think I'll not worry about over diversifying if I like the project

Hi, just wondering if anyone can give me some advice or point me in the right direction, i'd appreciate it like mad, I guess im known as a new poorfag on this board?? haha

How do you all have such $$$$$$ portfolios? Just investing in crypto with every paycheck or??
I have a tiny amount invest in ETH, ATOM, GRT, Kusama and some stocks in HSMO, AMC and NAT

>>28805286
You earn money by working a job you fucking faggot. Larp harder.

Litecoin is a shitcoin

He fell for the ATOM meme

>>28804943
80/20 for Theta
With mainnet v3 release there would be tfuel staking as well. They also introduced token burning in network payments.
Idk, some bank on tfuel. Theta is the safest bet in my mind. But both will be huge

>>28805512
:(

>>28804870

Am I going to make it

>>28805517

And this has to do with what to anything?

How am I going? Started a few weeks ago with 8k in my currency, held through rbc and avax ath (would have sold in hindsight)
Sold the avax for btc this morning as I can't see it getting any better, what should I be moving into?

when gmi?

>>28800570
Ignore total profit I made this portfolio recently. My total cash invest is $2,500

>>28797429
>XMR
Based

>>28804953
what are all these portfolio viewer apps?

>>28803408
That's the nicest portfolio I've seen. Nice blue chip defi coins, the holy trinity and some cute sushi to compliment the whole bag.

>>28797429
Diversification is fine if you aren't just playing roulette. You assess a coin, set a price target and flip it into your long term holds leaving some for future moon missions. (The usd is earmarked for that)

Key is to stick with your convictions, sell when you feel a speculative play has yeilded fruit and don't look back. Likewise, cut your losses if things go the other way. There is no such thing as missed potential, only profits and losses.

A portfolio of 5+ even bets just means the holder is uncertain and afraid to drop anything for fear of missing out.

>>28799355
You could do both

Did you really post a portfolio here with 0 LINK?

NGMI. Fucking pathetic.

>>28805921
alright, this is one of my fav projects so far, everyone on twitch will be switching to theta after not being able to stream without saying NIGGER every 5 minutes
we are so early on this, just need to not shill it and keep stacking up slowly

>>28804397
they advise you to yolo it all on one shitcoin and pray it doesn't implode. Dont listen to them diversifying is smart to prevent huge losses. Id suggest picking one of the two big coins eth or btc. And pick 2 or 3 coins with a low price right now/

I know that feeling bro, any tips? These Waiting until end of month to dump more money on link maybe.

>>28805249
Yeah, don't listen to financial advice on biz. Hope it rebounds for you though. Way too many shills here, some did make it, but so many people are full of shit. I treat everything I have in crypto like a gamble.

gib advice frens. I assume hodl, and then any additional funds should go to more Cosmos projects?

>>28807194
Dump the stinky linkies and the ETH, get more XLM, GRT, ADA, or maybe pick a new coin that looks good to you. Or if you want to play safe, just dump it into BTC.

https://download.thehyperfund.com/#/?code=grimhw2000

Hyper dao be treating us well poggers sign up go on

Should i stick with this?

I just want to get into 7 digit heaven

>>28807044
But it's much bigger than that. It's a new network layer. You can watch twitch or YouTube and get bytes from Theta network. You get faster videos, YouTube or twitch cuts CDN costs in half. It's a win win for all. Theta.tv is just a daap on top of the network.
With bigger network you also get edge compute. Ideally it's a planet wide computer network with compute capability both on smart contract and custom compute jobs.

I just started and im a broke bitch
here here

I hope to be as slick as you guys one day, kudos :)

>>28797429
I hope you like tax evasion.