Diversification is also for peasants who anticipate failure and have no confidence in themselves. Most dont even understand that holding different altcoins doesnt count as diversification. You're only minimizing profits and maximizing exposure to risks by holding 10+ coins and you look like a moron when you're holding 15+ coins.
Yeah thats right, I went there
Maybe for others diversification is an idiot decision but for me diversification helps me to accumulate more Bitcoin and Ethereum. We know that Bitcoin and Ethereum will surely dominate the market but you cannot multiply it if you don't diversify.