为什么以比特币为中心的加密投资组合是一个错误：多元化的重要性

每个市场参与者的投资策略、方法和原则都不同，但多元化是所有精明的投资者似乎都遵守的一条规则，并且有充分的理由。

The world of investing is filled with a diverse range of strategies, approaches, and principles, but there's one rule that all astute investors seem to abide by and for a good reason: diversification. It's the simplest and most effective way to manage risks by building a portfolio that includes a variety of assets from different classes and categories. In case one asset doesn’t behave according to expectations, it won’t drag down the entire portfolio, as the rest of the holdings will ensure its resilience and continuity.

投资世界充满了各种各样的策略、方法和原则，但所有精明的投资者似乎都遵守一条规则，并且有充分的理由：多元化。通过构建包含不同类别和类别的各种资产的投资组合，这是管理风险的最简单、最有效的方法。如果一项资产的表现不符合预期，它不会拖累整个投资组合，因为其余资产将确保其弹性和连续性。

This is a strategy that includes all financial markets and seems perfectly reasonable and clever. Unfortunately, most investors only apply diversification across different asset categories like bonds, stocks, commodities, and crypto to reduce the likelihood of being impacted by sector-specific risks and maintain profitability in the long run. But they fail to diversify within the same asset class – and crypto investments provide the most relevant example in this respect.

这是一个涵盖所有金融市场的策略，看起来完全合理且聪明。不幸的是，大多数投资者仅在债券、股票、大宗商品和加密货币等不同资产类别中进行多元化投资，以减少受特定行业风险影响的可能性并保持长期盈利能力。但它们未能在同一资产类别内实现多元化——加密货币投资提供了这方面最相关的例子。

As the first crypto to hit the market and the top coin in terms of value and market capitalization, Bitcoin is the preferred digital asset for numerous investors. You can buy Bitcoin p2p or through whatever channel you prefer and build your crypto holdings with ease. There's nothing inherently wrong with including BTC in an investment portfolio. On the contrary, Bitcoin can serve as a great diversification tool, considering its high return potential and innovative nature. The problem is that most people don’t look beyond Bitcoin when considering crypto investments, completely ignoring the fact that there are over 9,000 digital currencies from which one can choose.

比特币作为第一个上市的加密货币，也是价值和市值最高的币种，是众多投资者的首选数字资产。您可以通过点对点或任何您喜欢的渠道购买比特币，并轻松建立您的加密资产。将比特币纳入投资组合本身并没有什么问题。相反，考虑到比特币的高回报潜力和创新性质，它可以作为一种很好的多元化工具。问题在于，大多数人在考虑加密货币投资时并没有将目光投向比特币以外的领域，完全忽视了有超过 9,000 种数字货币可供选择的事实。

An unfortunate Bitcoin-centric approach

不幸的以比特币为中心的方法

The disproportionate media coverage that Bitcoin has received over the years has made it seem like none of the other altcoins matter. Many still think that Bitcoin and crypto are one and the same thing. Others still harbor the belief that the original coin is the only one worthy of their attention, as it represents the best product that this industry has to offer.

多年来，媒体对比特币的报道不成比例，这使得其他山寨币看起来都不那么重要了。许多人仍然认为比特币和加密货币是一回事。其他人仍然相信原始硬币是唯一值得他们关注的硬币，因为它代表了该行业提供的最佳产品。

Ethereum is the only altcoin that manages to find its way into investors’ portfolios, most likely because the blockchain boasts unique features that have enabled a multitude of use cases across a range of different industries. However, not even the altcoin leader can come close to Bitcoin or make traders and investors acknowledge the need to distribute funds to more than just one crypto.

以太坊是唯一能够进入投资者投资组合的山寨币，很可能是因为区块链拥有独特的功能，可以在一系列不同行业中实现多种用例。然而，即使是山寨币领导者也无法接近比特币，也无法让交易者和投资者承认需要将资金分配给不止一种加密货币。

As a result, people continue to create crypto holdings where Bitcoin is exclusive. And while no one can deny that Bitcoin is indeed a strong asset to invest in given its proven track record in the industry, creating a balanced portfolio by allocating funds to an assortment of digital assets remains the best way to go about crypto investing. So let's see why one shouldn’t tie all their hopes to Bitcoin.

结果，人们继续创建比特币独有的加密资产。尽管没有人可以否认比特币确实是一种强大的投资资产，但鉴于其在行业中的良好记录，通过将资金分配到各种数字资产来创建平衡的投资组合仍然是进行加密货币投资的最佳方式。那么让我们看看为什么人们不应该把所有的希望都寄托在比特币上。

The importance of having a diverse crypto portfolio

拥有多样化的加密货币投资组合的重要性

Diversifying within the same asset class is something that is relevant to all types of financial instruments, but it's even more important in crypto’s case because the market has certain particularities that one should take into account.

同一资产类别内的多元化与所有类型的金融工具都相关，但在加密货币的情况下更为重要，因为市场具有某些需要考虑的特殊性。

Although all markets present some degree of volatility, crypto’s unpredictability and constant price fluctuations far exceed that of traditional assets like cash, bonds, real estate, or precious metals. Despite the industry having matured in recent years, heightened volatility is still a constant in the crypto space. The price of a crypto coin can shift drastically in a matter of days or even hours, and there’s no way to predict these movements and trends.

尽管所有市场都存在一定程度的波动性，但加密货币的不可预测性和持续的价格波动远远超过现金、债券、房地产或贵金属等传统资产。尽管该行业近年来已经成熟，但加密货币领域的波动性仍然很高。加密货币的价格可能会在几天甚至几小时内发生巨大变化，并且无法预测这些变动和趋势。

This means that investors have the possibility to increase their earnings, but they are also exposed to a greater risk of experiencing considerable losses if they’re not prepared to navigate this unpredictable terrain. So, if you have all your crypto funds tied up in Bitcoin and the coin drops in value as it has numerous times in the past, your portfolio can take a heavy hit.

这意味着投资者有可能增加收益，但如果他们不准备好应对这种不可预测的情况，他们也会面临遭受巨额损失的更大风险。因此，如果你将所有加密货币基金都投资于比特币，并且比特币的价值像过去多次下跌一样，那么你的投资组合可能会受到沉重打击。

The most effective way to keep these risks in check and reduce the likelihood of major losses is in case Bitcoin takes a plunge. It is to make room in your portfolio for other digital currencies as well, and limit Bitcoin’s dominance and influence. Let’s imagine you distributed your crypto investments across Bitcoin, Ethereum, and several other altcoins, and none of these assets occupy a disproportionate share of your crypto holdings. If Bitcoin slumps by 50%, it’s highly unlikely Ethereum and the other digital currencies you hold will drop by 50%. They’ll probably perform differently and experience a slower decline or none at all, so they’ll be able to balance out the loss, and therefore, Bitcoin’s crash won’t have such a devastating effect on your portfolio.

控制这些风险并减少重大损失可能性的最有效方法是防止比特币暴跌。这是为了在您的投资组合中为其他数字货币腾出空间，并限制比特币的主导地位和影响力。假设您将加密货币投资分布在比特币、以太坊和其他几种山寨币上，并且这些资产都没有在您持有的加密货币中占据不成比例的份额。如果比特币下跌 50%，那么以太坊和您持有的其他数字货币也不太可能下跌 50%。他们的表现可能会有所不同，并经历较慢的下跌或根本没有下跌，因此他们将能够平衡损失，因此，比特币的崩溃不会对您的投资组合产生如此毁灭性的影响。

Diversification strategies for crypto investments

加密货币投资的多元化策略

There are different ways to go about diversifying your crypto investments, but the rule of thumb is to avoid holding too many assets that tend to move in the same direction. When searching for assets that don’t correlate to each other in terms of price movements, you can focus on the following aspects:

实现加密货币投资多元化的方法有多种，但经验法则是避免持有太多倾向于同一个方向移动的资产。在寻找价格走势不相关的资产时，可以重点关注以下几个方面：