I am a newbie and would like to invest $1000 to start. I have read that I should put 40 percent into bitcoin and diversify the other 60 percent. I need opinions, advice, and anything from those with experience of positive value. 
I don't believe in diversification in the cryptocurrency industry. Bitcoin is the king and it moves the market. There is no time that bitcoin will be very down while altcoins will be very high, except for calculated pumps.
It is either you are investing in bitcoin or altcoins.
An investment in bitcoin can be called an investment and you can do so with upto 60% and then the remaing percentage will be for altcoin gambling. Yes,I called it gambling because they can make you fast or mare you faster.
The real diversification is when you investment in cryptocurrency and diversify to Gold, Real Estate etc.