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RE: "Diversification is for retards" - Warren Buffett
As @ervinneb remind us in one of his article: "96% of actively managed mutual funds fail to beat the market over any sustained period of time!"
If we take the top 20 coins by marketcap, some of them look very weak (iota, bytecoin...). Overall your balance should increase, but with a few good picks only, the returns would be higher.
thanks for reading!