By solely trading one asset class or market, you are confining yourself to the conditions of one market out of thousands.
These factors make it important that your cryptocurrency trading strategies not only focus on a way to navigate volatility, but to focus on diversification of your portfolio. Trading a wide variety of asset classes – including cryptocurrencies – allows you to diversify your portfolio. By solely trading one asset class or market, you are confining yourself to the conditions of one market out of thousands.