Holding different cryptos is hardly diversifying if they all move together.
This whole thing is going to start looking very different as each project's price starts to move independently. Maybe bitcoin needs to die for that to happen.
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Yeah! I have discussed diversification on my radio show and in posts. If one is invested in correlated investments it does not matter how many you hold....you will not have diversified away your risk by more than 20 percent!
Need uncorrelated investments. Cryptos are probably more correlated than any other investment out there right now.
I'm wondering if Steem monster cards might prove to be a better hedge against STEEM volatility than SBDs have been. The cards and packs are all priced in USD.