This is true. People shouldn't just diversify for the sake of the word.
True. Diversification is a strategy and like all strategies these have to be moulded to each individual. There is not point buying anything you see just for the sake of being spread in shit markets. Wise choosing still applies.
Some people understand the word 'diversification' by exposing themselves not only to traditional markets in stocks and shares but also in the suit of strong projects in the crypto space. This is true diversification - or at least the way I see it
When we think of diversification, first of all you need to have larger funds so you can widespread your range of investments and not just focus on a single investment. This will definitely reduce the risk and increase your sources of income. But it does not mean that you have to put on your funds on different investments regardless of their potentials. Of course there should be a proper DYOR before deciding which way to invest. And i suggest maximize your investments in bitcoin and put a little amount on various promising altcoins that you think will prosper in the long run even if your strategy is simply buying and hodling.