Holding potential competitors to Ethereum such as waves or EOS is a good hedging bet. The main ideas of ethereum (smart contracts, crowdfunding platform) has the potential to be huge. But just in case Ether turn out not to be the one, it's probably not a bad idea to hold some of the lower market-caps runner-ups as insurance : )
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Always a good idea to spread your risk that way which is why I have all three and more if they arise:)