Diversification is not buying different crypto-currencies.

Diversify in other markets as well, don’t put all your money on crypto. As bullish as I am on Crypto, I have not invested more than what I can afford to lose, which is what all of you should be doing too!

Stocks, Bonds, Real Estate, Physical Assets are just some ways to diversify. I would 100% recommend you to invest in these markets as well as in crypto.

If the crypto market collapses, you should always have a back up. Which is why I also recommends everyone to have an Emergency Fund as well!

I know holding a shitcoin like USD isn’t a smart investment but in case of emergency it’s super easy to use and is accepted everywhere.

Tldr; Diversify in other markets as well, and don’t put all your money into crypto!