I have been diversifying into fiat for a while. I feel that I'm overexposed in crypto. I talked about it in previous posts too. Taking profit is indeed never a bad thing. I always recommend that.
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I have been diversifying into fiat for a while. I feel that I'm overexposed in crypto. I talked about it in previous posts too. Taking profit is indeed never a bad thing. I always recommend that.
You are one of the few that actually talks about this issue. It's one reason I make sure to read your posts daily and watch so many of your vlogs. To many in the crypto space give horrible advice when it comes to the investment side of crypto. Sames goes for those on the other side of the fence saying crypto is to volatile and should be completely avoided.
Those that sell stocks tend to push for all money to be in stocks and call it diversified if you are in different sectors, those that believe in crypto tend to feel spreading across different crypto makes you diversified, those that believe in commodities feel you are diversified if you are in different classes of commodities (food, oil, metals).
The key is there are across the market crashed in all types of investing. Being truly diversitfied requires many different types of investments. Owning real estate, gold/silver, stocks, and crypto is a good starting point. Then within each category you invest in you need to be diversified also.
Anyways thanks again for being a voice of reason and using your position as someone who has a large following to share this useful advice.