“Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."
“Diversification may sustain wealth, but concentration builds wealth.”
Managing risk is a topic that comes down to your individual goals, bankroll, situation and experience. For me, I view crypto as one of the great wealth-generating opportunities of the last 100 years. My long positions are extremely concentrated while my swing trading portfolio is never spread to more than four to five assets. If you are just starting out, I would recommend trimming that risk down a bit and not investing . . .