Profit by Prioritizing Diversification

Losing money is one of the most painful experiences a person can have. There's nothing quite like watching the value of your hard-earned savings plummet before your eyes. However, there's a way to minimize the pain of losing money, and that's by diversifying your portfolio. When you spread your money across multiple assets, you minimize the risks of losing everything if one asset takes a nosedive.

Dollar cost averaging can also help to smooth out market volatility so you don't have to agonize over every little dip and peak. And remember, when it comes to crypto, it's a long-term game. So don't panic if you see the value of your holdings drop in the short-term. Over time, the market always seems to rebound.