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Diversifying is a good idea, but measures need to be taken before venturing into any investment or business. That can be met if after taking partial profit from your bitcoin holdings, ensuring not to offset your Bitcoin accumulation process and account, you use the profits to invest into a prospective business you have knowledge of this will help to balance your goals too. Though there is no guarantee that such business will yield more in the early phase but overtime it will be worth it. This is the best approach for me on how to use some of our profits made.
Also ensuring a reinvestment into your Bitcoin holdings.
Yes, there is a decent amount of personal discretion in making and following through with these kinds of decisions regarding, when, where and how to invest your money - perhaps based on BTC growth and or some needs (or feelings) to not have all of your investments in a narrow set of assets, such as ONLY in dollars and cash.. or maybe even if you have one or two other things, you might not feel comfort in that, especially if your BTC investment might have already been growing for a decent amount of time, such as 10 years or more.
Hopefully any of us would be attempting to tailor our own approach to BTC allocations and/or reallocations and/or diversification in terms of of our own working through of our
9 factors.