Quote from: Aanuoluwatofunmi on Today at 09:25:54 PM

Quote from: Dr.Bitcoin_Strange on Today at 01:41:21 PM

Quote from: Falconer on August 10, 2023, 08:36:07 PM

Basically I don't mind someone's decision to diversify their assets instead of just bitcoin. Of course I don't want to elaborate on the potential benefits of diversifying them, but let's be honest that such an approach can never go completely wrong in your investment plan.

Diversifying one's investment is not even a bad idea when carrying out investment, but like on this thread, where we are only discussing bitcoin investment and how to manage one's investment very well, Investing in Bitcoin is by choice and not a forceful thing. Anyone who wants to diversify their investment can still do so, but only if they have a lot of money to do so. For instance, if someone receives up to $3k in a month, they can decide to invest $1k in Bitcoin every month while they invest another $1k in something of their interest and use the remaining $1k to pay bills. Well, the inflow of cash can still be low, but the person knows better how he or she can share the funds across any other investment they want to make.

When giving an advise on bitcoin investment and how to create a diversification of asset to avoid putting all investment asset on the same basket, when we invested in bitcoin, it is expected of us to hold or have a specific target for the purchase made, how does diversification now fit in on this context, our bitcoin investment should be the major asset, while having one one two other investment that are not digital currency like real estate or gold could also serve an advantage, this is not what we will decide to take off our investment from bitcoin into other assets.

Nope, I feel like you got me wrong. My reply was based on what @Falconer said about diversifying investment, so I was just giving a reference for someone who wants to diversify, depending on how much they've got before they can even think of diversifying. For example, someone cannot have just $100 and think of making more than two investments with that amount. Despite that, it's also good that one invest in other things like real estate and gold, like you mentioned, but Bitcoin investment gives a better option of investment in the sense that one can easily just invest $100 or even as little as $10, whereas most of the other investments don't even allow a minimum investment of less than $500. Bitcoin investment is a long-term investment; one can have it as the major investment and even keep accumulating consistently, but that doesn't mean if you still have interest in other investments, you shouldn't invest, that's when you have the funds.
Note that I am not saying that the person should sell off their Bitcoin assets to invest in another thing, nor am I saying that the person should abandon his consistent accumulation strategy. Some other investment can just be done at once, with Bitcoin, the person can keep investing steady anytime they receive a salary or Money from their other income source. So, let's say someone has invested a one-time $2k in real estate with a 40% APY in waiting. The person can still keep accumulating their Bitcoin consistently any time they receive salary. I just hope it's a bit comprehensive now.