$7,000 in Top 50 Cryptocurrency in April is Down 26%; Diversification Not Practical

The old adage about not putting all the eggs in one basket has been used as a metaphor for diversifying investments for as long as anyone can recall but does it play out in the cryptocurrency market?
One Basket Maybe Better
A Reddit user recently posted about an experiment they undertook putting 10,000NZD into the top 50 cryptocurrencies and showed a chart of how it was going after a month. In a long streak of red, there are four columns of green. That is four coins out the top fifty that c