And what those that think about diversification too early forgets to consider is if they can handle diversification, yeah surely there are some persons that are already well built in terms of finance and have enough money to both funds investing in bitcoin and another asset without cheating his bitcoin investment and there is also another that has only enough for one asset and if he tries to diversify would end up cheating bitcoin, and surely people tend to forget that the game of getting rich is all about concentration in the sence i mean having enough in one asset that would be able to generate profits for you and then you can use that profit to build other asset.
I agree. It is better for people who are starting out with a relatively small amount to build one first before adding anything else, and there likely is no rush to add anything else, but there may be some need to balance cash amounts with the bitcoin amounts in order to figure out levels of aggressiveness in regards to how fast to attempt to accumulate a sizable bitcoin position... and yeah, some folks might not have options to establish a sizable position in less than 5 years and some of them might take closer to 10 years before they start to feel they start to need to diversify... but yeah, a person can become more informed about himself and his preferences to diversify while he is building his bitcoin investment.. and he might not know exactly in advance when he is going to start to feel needs to spread out his investments a bit more.
Why I personally disagree with early diversification especially if you are not earning high is cause most poor person might already have issues with having an emergency funds available before investing and now they need to also cater for their emergency funds and other cash reserves alongside thier bitcoin investment, now adding diversification to that equation would only mean that s/he needs to either take cash from his emergency funds to build the other asset or woudl have to divide his bitcoin investment into parts to invest in other asset and this in both cases are wrong.
Firstly the idea of having having an emergency fund around is so that we can easily access it when we need it for an emergency and it acts as an insurance for our investment, so in a case where a person might start to consider using this funds to diversify into other asset in the name of having a blanket can in turn be the worst decision ever made, yeah and in your first reply you also talked about how lack of conviction or disbelief can leave room for shitcoiner to give their shity advice.
Secondly if the person consider splitting his cash for bitcoin to other asset then he might end up not ever getting rich out of either of them, cause the only way to prepare for up is to get buying bitcoin as aggressive as one can be, and this question is such person even has any plans of benefiting off bitcoin at all.