Damn amazing post Jay
If we happen to be a less established investor and we have no other assets, we may well allocate all of our investment into BTC until we reach a certain level that would thereby allow us to diversify after we had already reached a certain level of investment whether that is $10k or $100k or some other amount would be our determination regarding if we might need to start to diversify into other investments besides having everything into bitcoin.
What other assets do you think are worth considering in the current economic situation?
I was discussing with friends last week and one of them said, trading is like gambling because one can lose all the Investment in the process of trading and also gain in the process of trading and I also see reason on the discussion, because trading also used prediction as gambling. I Know that they are not the same but in reasoning they are synonymous.
It’s just gambling if you don’t know what you’re doing and acting blindly. Acquiring shares of companies or something like gold, silver has nothing to do with gambling, capital needs to be allocated where value is created, for an economy to function.