By buying a bunch of different cryptocurrencies, I'm hedging against risk!

>by buying a bunch of different cryptocurrencies, I'm hedging against risk!

Feels comfy being 58% REQ right now.

i'm all in RaiBlocks you fucking faggot

I'm invested in tether and am doing just fine

>Buy Low Cap Coin that's -35% down
>Drops another -20%

STOP SELLING

>Could diversify across a few that didn't drop as much and also have some in one that dropped a lot
>This is somehow worse than going all in on something that has dropped 20%

You and me, we're gonna make it

YOU CANT DIVERSIFY YOUR RISK BY PICKING OTHER CRYPTO'S.
It's all correlated idiot.

The real hedge was to buy puts on overpriced blockchain stocks. Too late now though suckers.

Some of you will wake up tomorrow and contemplate suicide after looking at your portfolio.

Fixed your image oppie

Just hold. It will pump back up eventually.

>Have 1000 dollars
>Diversify across 4 cryptos evenly ($250 ea)
>One crypto drops 5%
>Another drops 10%
>Another drops 15%
>Another drops 20%
>Total loss: $125

>LE ALL IN ON ONE CRYPTO THAT DROPS 20% BECAUSE DIVERSIFICATION IS A MEME!
>Total loss: $200

fucking brainlet

You're either trolling or pretty stupid.

there's only one way: withdrawing to fiat

>tfw went balls deep in verge and tron

>altcoins
>going up to historical levels with btc eventually
nope

I margin trade on Poloniex and I have to stay 100% bitcoin otherwise I risk getting liquidated by changes in other currencies value relative to bitcoin's

Ironically Bulwark was the Bulwark

already did retard

forget the past 2 weeks all the alts mooning?

Dash? Ethereum? Litecoin? Ethereum Classic? Monero?

its like ur new noob

Based

Go check the graph history, last time I looked none of those coins are at SAT ATHs yet.

rofl sats

get good u dumb amerifat

>STORE

once the market matures and there's more fiat pairs. the moon for alts will start.

>tfw hodling REQ, FUN, POS, BAT & MOD
I'm doing alright with my mixed bags, how bout you?

Good luck with everything, altcuck.

Oh, and I'm English, hence the non-retarded date format.

Not guaranteed in the slightest. Most of the top alts haven't outperformed BTC in months, some of them for years.

>he doesnt compare himself if to the market average

You got meme'd

>buying top alts, which already mooned beyond the wildest dreams of early investors
>buying them high
>buying them during the biggest bitcoin bullrun ever
>"SEE, ALL ALTS ARE SHIT!! THEY CAN'T EVEN OUTPERFORM BTC ALL THE TIME, LOL!"

some people buy promising low market cap coins when they're still low. i know, it's fucking crazy...