@calaber24, remember the dot com bubble and subsequent crash...cryptocurrencies are extremely sexy now however most altcoins will certainly fail and only few top 50 will be around in the long run. Therefore, people should be careful in putting all their hard earned money in one and rather diversify. I think that steem and steemit platform will survive and appreciate gradually due to its concept especially ability to takeover social media industry. Diversification is the key and not gambling with your future. Good post
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The Amazon.com 'bubble' made a lot of people rich. Some of those 'rich' people lost money on a dozen other dot coms because, as you suggest...they diversified.
You only have to invest in one stock or cryptocurrency if you're psychic. Most of us aren't...
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Good point, good diversification is the key because you can never lose all with the strategy