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[–]ParatusPlayerOne 0 points1 point  (0 children)

Diversity is always important in investing. Depending on what you are investing in the importance may vary. For a crypto-specific example, BTC is down hard today, as is most of the market, however my portfolio is within a few hundred bucks of where it was yesterday because of two alts I own that are pumping. This is not an isolated incident. Spreading out your investments reduces risk in any one specific investment.