Re: Buy the DIP, and HODL!

~snip~

Investing in two closely related assets is actually not "diversification".

Do you mean bitcoin and real estate are closely related? I don't think so and can you point out their relevance? As I said in my previous comment, once we have invested in bitcoin and want to diversify, we should choose assets unrelated to bitcoin and crypto, such as real estate, stock, etc. Honestly, I don't see any connection between them. The only connection I see is that they are all part of the world economy, other than that, there is no close relationship between them like bitcoin and altcoins.

It seems to me that Wind_FURY's comment had to do with the close relationship between bitcoin and shitcoins, and not bitcoin and real estate.. even though he put that comment right in the context of your talking about real estate as possible way of diversifying or lessening bitcoin exposure or getting another possible cashflow source... but yeah, when I looked at Wind_FURY's comment again it does seem ambiguous regarding what he is referring to, and maybe he should explain himself a wee bit more better.

He also confused me because I was talking about non-bitcoin related assets, and I also emphasized that investing in shitcoins does not diversify in the previous comment Grin

. That's not even called investing, it's gambling when we talk about shitcoins.

Every human being needs sustainable wealth. If a person has fixed assets then he will be financially independent as long as he lives. If we talk about the digital world then there is no alternative to Bitcoin as a fixed asset. In any other investment out of Bitcoin you may get temporary profit but it is never permanent. At any time your market position can get down.

All other coins except Bitcoin are gambling to me which can turn from rich to beggar at any time. There is no way to do anything in life with those temporary possessions.

I personally believe that $200 worth of bitcoins is more valuable to me than having $2000 worth of shitcoins. Because shitcoins will disappear one day but bitcoins will be my wealth. As long as I have bitcoins I am valuable. So there is definitely no alternative to holding bitcoins to establish oneself as valuable.