Quote from: tiCeR on Today at 04:06:21 PM

Quote from: JayJuanGee on April 30, 2024, 06:24:14 PM

Quote from: macson on April 30, 2024, 06:20:11 PM

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Don't put all your money in 1 basket, this is what i remember.

There is no reason to diversify for the mere sake of diversifying. Maybe you heard that idea of diversifying from a shitcoiner? or perhaps from someone who was trying to sound smart, or sell you something? Do you believe everything that you hear?

Surely if you have accumulated a year or more of income/expenses worth of investments/savings, it might start to make sense to diversify.. but the mere proposal to diversify for the mere sake of it, just because it sounds good (or smart) does not make a whole hell of a lot of sense, especially for someone who might be in his earliest stages of building his investment portfolio or if he has a small disposable income and he is only investing $10 a week or some small amount (even $100 per week is not very much), then you want him to divide that $10 per week into smaller lots.. .. think about how dumb that sounds as a blanket statement... .but yeah, once you get to a certain size, then some diversification might start to make sense, and perhaps adding one asset at a time.. maybe every 1 or 2 years add a new asset.. .

but no need to rush into diversifying into anything that might not make sense (especially something like shitcoins, which would be gambling rather than investing, but some folks might consider shitcoins to be amongst the only practical things to buy, which might not be a good idea.. but people have to decide for themselves)... but yeah the traditional assets of property, equities, bonds, commodities, cash/cash equivalents, seem to be part of what you are doing.. which is not necessarily wrong, but not necessarily a good idea for everyone depending on the totality of his investment portfolio and how it might already be divided up.

Ok at least this guy is talking about different asset classes. The best shitcoiners are those who talk about diversification while they mean to not put everything into BTC, but diversify across several cryptocurrencies, which in 99% of the time (if not 100%) is of course bullshit. The hope probably is to catch this one mystic cryptocurrency that does not dive as hard when BTC dives a lot. But I am sure everyone who tried that couple of times should know by now that it doesn't work out unless someone gets lucky for some reason. Problem then is that they think they outplayed other market participants instead of just being lucky.

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Luck in itself shows that such a person is gambling and not making any investments and no one invest into Bitcoin hoping he gets lucky in his investment. Luck is for traders and those investing in altcoin and it's very much same as gaymbl. The reason why people talk about diversification is because they are so into asset that they don't even trust and juat want to try there luck out.

Instead of diversifying your portfolio hoping to get whatever profit you're looking out for from other assets, isn't it better you divide your funds into different amount and probably front load with some amount while if the amount you have is much, you can keep others out for the purpose of buying during the dip.

Quote from: tiCeR link=topic=5132720.msg64017832#msg64017832 date=1714579581

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think about how dumb that sounds as a blanket statement...

But since this thread is more about the DIPS and HODLING, I am wondering how many BTC gamblers (not HODLers) are shitting their pants that we will soon see 20k again and they are trying to gamble instead of hold. It looks like some action for the newcomers and the daytraders, but the long term HODLers here probably don't even care for a second when BTC goes from 70k to 55k.

regardless of whatever opinion any speculator holds and even if at the end of the day such speculation end up playing out and Bitcoin DIPs to $20k, it will only affect them negatively cause for those of us that understands the importance of DIPs, we already know that such opportunities only presents itself just to enable us to stack up a good chunk of bitcoin at such DIP and not for us to get afraid and sell off our Bitcoin due to fear that it might get more bearish. But let's not get it all twisted to assume that Bitcoin will ever get to $20k, Such times have past and whoever have sold part of his holding and is waiting for such dips before buying back will be damn supprised when Bitcoin goes all high before even getting anywhere close to $50k. Note that what's happening now with Bitcoin price getting bellow $60k isn't anything to be concerned about and the only reason why it looks like a big deal for those that haven't probably looked at what played out in previous circles is due to the fact that we just hard an ATH before the halving which made a lot of people to become too positive that Bitcoin will never get below $60k before it gets to $100k but looking at past circles, Bitcoin often experience this kinds of DIPs before it even get bullish some months after the Bitcoin halving.