Diversification within a specific asset class also tends to provide you with too many correlated bets
I'd been thinking that in relation to Hive based tokens, i.e. I need to sell some and get into some other crypto, but not in relation to cryptocurrency overall. Makes sense though. It's just that I don't have the motivation to learn about other classes.
We are already invested to a lesser amount in a couple of the others you mention but I'm not interested enough to put in the time and energy to do it well.
Also, I no longer have this luxury:
Since I am still young enough to acquire more resources, protecting my purchasing power over time and growing it slowly is where I like to play.
The game I'm playing is trying to get regular, as reliable as possible, returns from what we've already got and increasing our BTC stake.
Much of the time it feels less like play and more like a chore to me though. At least I feel I'm making progress, all be it very slowly.
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I get you, I think it's often the case of how much you're willing to learn, you could learn different investment stuff or learn a new skill that is profitable, it's all about your motivation and capacity for learning and how you apply your time.
I mentioned in one of my other comments that another hedge would be to get equity in top crypto exchanges that way you have exposure to all the shitcoining and trading without owning all that rubbish but you still profit from it
Sorry. Most of this stuff goes in one ear and out the other. Does this mean buying their coin. So BNB for Binance, CRO for crypto.com etc.
If it doesn't, no need to explain again I'll find your original comment. 😁
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No I mean shares in companies you can buy listed companies like coinbase shares or private equity via places like bnktothefuture who raise funds for popular service like Kraken and abit pay
Ah. I see. A whole 'nother asset to investigate then. I may look at that once I feel I have my crypto sorted. 😊
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Take your time, its all about the journey for me, I am focusing on Bitcion and once I feel overextended and I see other asset classes starting to show adjusted returns that consistently beat Bitcoin ill spin off into those asset classes
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