The cryptocurrency market continues to fall.

This year has been a real disaster for most of us.    I wish I had learned how to play a bear Market instead of just HODLing with abandon.

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_Source: Pixabay.com_

I could have made a lot of money if I had pulled some currency out near the beginning of the year,  and then reinserted it right around now.

Having said that,   Bitcoin has now fallen below $7,000 with Steem at $0.86,  EOS at $5.42 and Cardano at $0.09.

Despite what anyone says,  there's no one that can really tell you which way the market is going to go at this point. Rumor will of course affect direction as will news.

Most people will tell you that you should diversify your coins. These same people will often tell you not to be a Bitcoin maximalist.

While I would generally agree with both points,  people that were Bitcoin maximalists are definitely in a better position than people that invested in things like Cardano or XVG.

I don't know about you,  but I certainly remember when XVG was looking pretty sweet at $0.26,  now it isn't looking so good at $0.01.

So is hedging your bets by diversifying your portfolio really a good idea at this point?

 I certainly wouldn't put any Fiat into coins that are below the top 50 on Coinmarketcap.com no matter how good of a return you might expect from them.

 If was going to put some Fiat into anything right now it would probably be SBD.     It is currently sitting below its $1 peg at $0.96.

Of course,  Steem is also looking pretty good at $0.86.

 I still think hedging your bets by diversifying your portfolio is a good idea,  but at this point  I would probably be most inclined to put my money in Bitcoin, Steem, SBD,  or EOS. 

Safe investing!

PS This is not advice.   

Just opinion.

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