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I don't think most coins will go to zero at some point, some will, but most is too broad. I also don't see any reason why new coins wouldn't keep getting creat
by hackingforfun 5y ago
I don't think most coins will go to zero at some point, some will, but most is too broad.
I also don't see any reason why new coins wouldn't keep getting created. Basically, what's been happening will continue. This is what I see.
You can diversify in crypto, but you have to educate yourself and pick and choose. For example, you could diversify into payment systems, metaverse tokens, smart contract platforms, oracles, prediction markets, cross-chain interoperability, DeFi, NFTs, etc. There aren't as well defined categories as in equities, but there are some ways to categorize them.
Are there equivalent protections like in equities? No. Is crypto as mature of a market? No. Is crypto high risk? Yes. However, cryptocurriences, or at least specific ones, like Bitcoin, are increasingly being considered an asset class [1].
[1] https://www.nasdaq.com/articles/jp-morgan-wealth-ceo-says-clients-see-bitcoin-as-asset-class-to-invest-in-2021-07-20 https://www.nasdaq.com/articles/jp-morgan-wealth-ceo-says-cl...