Quote from: ThePromise on March 13, 2024, 08:12:51 AM

Quote from: AirtelBuzz on March 04, 2024, 04:00:09 PM

I am none of these three investors maybe because I start investing when I have money and stop investing when I don't have money. Currently I am continuing my investment only in Bitcoin and I have no intention of investing in other coins. I am a small investor who started my investment journey not too long ago but I am constantly investing in Bitcoin DCA method according to my ability. I have a dream you can call a wish that I will invest in Bitcoin and become a big investor one day maybe in the future.

OP If I were to consider myself in terms of the investor category, I think I would be one of the new investors you mentioned.

Same here, I can't see myself or even a small trait of mine in the choices mentioned. Like you, I also only invest once I have an idea for something and of course if I have money to invest and BTC is the only investment I hold here in crypto, Others say that I need to diversify my investments which I hold but I prefer to stick to btc and the rest is in real estate.

You don't need to diversify your cryptocurrency investment if it's in Bitcoin as long as you are satisfied with it and okay with the waiting times and returns that it provides. Altcoins are risky, and one shouldn't invest in them for the long-term, however, if you are investing in altcoins, that is when you need to diversify your investment and shouldn't invest everything in just one altcoin because that can be risky for the investment.

If you have your funds invested in Bitcoin and real estate, you are doing good because you don't have it all in one place and that is what diversification is all about. So you shouldn't be worried about these things and focus on your investments as much as possible.