So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.
Having Bitcoin as a means of retirement is not that bad but just like your friend talked of diversification, it should not only be focused on Bitcoin investment alone as he can also venture into other forms of investment that will second his Bitcoin investment because despite that Bitcoin investment look somehow secured in the future but it is necessary to also get involved in other aspects of investment. My reason is that with the way Bitcoin is gaining more recognition and adoption, some may misinterpret it to a get rich quick project, not that it is not but it takes longer time which some persons may not really be able to endure and at the end may decide to withdraw their assets because in this modern or digitized world now, almost everyone wants something that they would start experiencing the impact at a very tender stage.
Of course, investment planning for old age must be thought about from an early age, where if you are 40 years old, of course you can already think about making investment plans for your old age. Of course, it is true that when we reach old age, of course we no longer have the strength to work instantly or do heavy work like we did at a young age, so we need to look for other alternatives that can bring in income without having to work with our energy. One side of Bitcoin investment is certainly quite good for our old age where we can invest $20 regularly every week so that in the next 20 years we can reap the results from the investments we make.
On the one hand, I am not too interested in diversifying in a long-term investment journey because I think assets other than Bitcoin are assets that have quite a big risk of losing our money, such as Terra Luna and FTX. However, I am also not against you because it is your money and you are the one who determines the decision to diversify or not, but so far I still stand by my stance on accumulating bitcoin and forgetting about shitcoins.