Yep.  Quite the scare yesterday that we might be revisiting down before up, but the decent amount of up, currently, does appear to lessen the down before up thesis - unless our current up (to $57,443) just happens to be a fake?  Never know around here, but sure feels good man, at least for the moment.


You are right, AlcoHoDL, diversifying within the same category (in which bitcoin is the obvious way the fuck ahead leader within its category) is likely part of the problem of some of these folks who are considering bitcoin to be "underperforming" because they (sure, not ONLY Biodom) seem to speculate that those various pieces of shit that are trying to copy (and supposedly improve upon) bitcoin in various ways are actually adding any meaningful value, when it should be fairly obvious to anyone who has been studying the space more than a couple of weeks, that the ONLY real value add, in this space, is bitcoin. 

Sure, going back to your "greed" thesis.  You have likely demonstrated another dynamic too in terms of the "greed" factor interfering with the abilities of a decent number of otherwise potentially rational and smart peeps to actually understand and recognize that bitcoin remains the ONLY value add in this particular space (the space that bitcoin occupies.. call it what you will, but bitcoin is the leader by far, hands down). 

Personally, I am NOT against diversification, and I believe that diversification remains a good practice and strategy, but not within the same sector (once you sufficiently understand the sector) - as seems to be part of Saylor's point, even though there does happen to be another truth out there that is also recognized by Saylor in terms of there not being any other asset class/or currency that even comes close to bitcoin in terms of underlying strength of fundamentals.

At the same time, I personally believe that minimum diversification is preferable in terms of at least making sure that personal (individual) cashflow matters are figured out for a few years in the event that bitcoin might have a correction or a flat period for a few years and none of us should be forced into selling our bitcoin (if we can avoid it) at times that are not chosen by us including making sure that we are making any sales (even if some shavings here and there) that are profitable at the time of sales - which means NOT investing above our abilities to make sure that our cashflows are covered, including emergency cashflows (which means they are not exactly expected).

Yes, longer term bitcoiners have already established a profitability cushion, so we have a whole hell of a lot more flexibilities, but shorter term players are not guaranteed profitabilities from the start, and it could take a bit of time to develop (or let play out) the creation of profitability cushions.  So in that sense the newer investor into bitcoin is likely to have more stresses in the earlier stages of his/her investment into bitcoin until decent profitability cushions are established (which are also NOT guaranteed, even though ongoingly probable), so there can be some value in diversifying in the early stages at least in terms of making sure that cashflows are figured out and NOT necessarily going all into bitcoin from the start without reasonably and adequately tailoring to personal circumstances.