Like what other investments? what investment is better than bitcoin?
No, not better, just safer. I think I need a safer investment as a backup for emergencies, like gold. I need to have land assets to survive (make a house, grow crops). If investing in stocks or real estate, of course it is no better than bitcoin
Having other assets is also a preventative step so that we don't rush to sell our bitcoins when there is an urgent need
You seem to be talking about down the road in your investment journey rather than any kind of investment prerequisite before getting started in terms of investing into bitcoin.
Yes, I just think that I can't invest 100% in bitcoin. Maybe I want to have an investment portfolio like 10% cash, 10% gold, 30% land, and 50% bitcoin. At least this is a percentage and risk that I think is quite safe
Why would you even think of investing 100% into bitcoin? There are other investment type which you can invest into that will yield good returns. The percentage of investment is and individual choice. I can choose to to invest only in bitcoin maybe because i believed that it is the only investment that i trust. Don't forget your purpose of investment if you feel investing soke in bitcoin, land, hold and other could make you reach your financial target then go ahead. I may decide to invest only in bitcoin and i will still reach same target or above it. The choice is yours to make
You have to understand that not everyone thinks or reason the same way, most investor, before making any investment, they first calculate their risk before their profit, while some calculator their profit first before their potential losses, and secondly, most investors have this tendencies to go all in on an investment when they believe in the project, without considering what might happen if it goes against them.
IMO I think it's not very good to invest all your fortune in one asset no matter the quality or the tendencies of it giving you results, when investing we should have in mind that investing has it's risk and one of those risk we should have in mind to prepare for is if thigns go totally wrong or unfavourable, just imagine investing in bitcoin with all your fortune and it doesn't go out well for you, and you didn't have any back up plan to fall to, and at times having only one investment increase the risk of panic cause every news begins to matter to you and at a time you might start to feel unsure about your decision.
I'm not saying investing in only one asset is bad, but as he said going all in which in my opinion might mean investing all or only in Bitcoin, I think it's good we start with accumulating bitcoin then after we have reached a level of accumulation we diversify into other things maybe having cash, building a business or even buying shares in some company. All this are other safe and good options amongst many that one can invest in.
But if you want to invest 100% in bitcoin which I have seen many do and are still profitable, its not a bad idea but have a back up plan in case things go wrong, don't act so sure about anything because of its past performance.