The biggest trap in the world of cryptocurrencies is to excessively diversify your positions. - You know what I mean, right? I have encountered various people who want to show me their portfolio to "confirm" if their purchases were "correct." What I can definitely see is that they have spread their money across many different currencies. Sometimes, I have even seen more than 30 different currencies, with 10 or 20 dollars in each.

Do you know where the trap lies in this strategy? If one of these currencies gains double or triple its value, someone might say, "Well, it's just 30 dollars!" But if those dollars had turned into 100 and then into 300 dollars, I doubt they would say the same thing, right?

What I'm trying to say is that regardless of the number of currencies you have, the profits are not apparent and ultimately disappear. Moreover, with so many projects, you can't stay updated on everything. So, what exactly do you do? Do you throw your money around and see what sticks?

Hold a few, but well-selected projects so that you can stay informed about the developments and, in the end, have visible profits that show you when to take profit! ✌🏼