Diversification is super important to reduce risks. Putting all our eggs in one basket means we could lose everything if something goes wrong. We all love making profits, but nobody likes losses.

In the world of cryptocurrencies, things can change really quickly and it's hard to predict what will happen. That's why it's important to have strategies in place to maximize diversification and minimize risks. By selecting cryptocurrencies that have different behaviours and characteristics, we can lower the chances of losing everything. That's what diversification is all about.

I'm glad you found my explanation of portfolio composition helpful. Thank you for your kind words and for always sharing your knowledge and experience. I wish you the greatest success too.