Post
Topic
Board Bitcoin Discussion
Re: To diversify or not to diversify...
by
worle1bm
on 09/06/2021, 12:44:11 UTC
So my wife and I started buying bitcoin a couple of months ago, and as of right now we're the proud owners of 0.4 of a bitcoin.

Since everything is so cheap right now, I want to invest some more of our savings before things pick up again.

Should we just be focusing on BTC, or would we be better off diversifying (maybe Etherium?).

We got into crypto in order to help us own a house and be able to be semi-retired within the next 10 years, if that helps.
If you are planning to hold for long term and already owns 0.4 btc at this time then further btc investment in small proportions will be better for you.Diversification is for investors who have some huge funds and want to invest them all and build their portfolio of coins so they need to diversify because when they suffer losses it's divided like some can be in gain while others in loss so it can be counterbalanced.But in your case btc is the only coin and you don't need to worry about it and go on with same pace and you will having more than one btc soon and profits will be huge.Moreover many altcoins follow Bitcoin rally so it's no fun for them and there are many shitcoins available in the market that can attract you but no returns.So stick with btc only.