Re: Buy the DIP, and HODL!

Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Fuck gold and silver and the idea diversifying.

Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.

I think you must've misunderstood my point...
I'm not trying to say diversifying from Bitcoin to other assets like gold and silver is an option, let alone being a better option.

No!

No!!

Noooo!!!

All I'm trying to say is that, for those who have indeed accumulated a good number of Bitcoin and are considering diversification, rather than filling their bags with variety of shitcoins which are totally unsafe and highly risky, it would be a lot more preferable and justifiable to even consider investing on real life assets that guarantees the safety of one's finance, and have a good track record or longevity and long-term potentials, but that doesn't mean gold's potential could be compared to Bitcoin, because bitcoin has undoubtedly proven to be the most profitable and safest asset to invest in.

I feel the reason why JJG reacted so is that you are too early in bitcoin accumulation to start thinking of diversifying into silver or Gold. Not actually that those listed diversification are so bad, but talking about diversification when you have not even accumulated much as expected and you are taking of diversification, it is a kind of situation that surely put you in confusion or even considering diversifying into things which should have be a second option rather bringing them up at an initial stage. What you should have been thinking right now is to accumulate more of bitcoin than talking about diversification. Though it is a reply to someone which you where advising, but sometimes advice we gave surely mean another thing in anticipation. What we advise is what we feel or what we are about to do so something it better we don't even have that though if not it will mislead us.

About diversification, I wasn't considering diversifying my investment, at least not just yet. I know better than to start thinking about diversification at this stage of my Bitcoin accumulation.

I was merely trying to make a point, which is that for people who have accumulated a good number of Bitcoins and are considering diversification, it'll be a lot more safer to consider investing in assets like Gold and Silver rather shitcoins.

Even though you have completed accumulating the quantity of bitcoin you want to accumulate and you decide to diversify your investment, it shouldn't be on assets like gold or silver because it will take you time before you will be in profit from a gold or silver investment. You should diversify your investment in investments that can yield a profit early so that it will help you earn money that will give you extra hands in holding your bitcoin investment for the long term, such as selling commodities.

The most important aspect of investment is the safety and assurance of profit overtime, how long it takes shouldn't be the problem, even Bitcoin takes even longer to give cool profits, but what makes Bitcoin investment exceptionally cool is the assurance and potential for profitability in the long run, so whether gold investment takes longer or shorter time before you get profit really doesn't matter as long as your profit is guaranteed and your wealth is free from inflation.
So the fact that gold and silver offers your asset safety just like land and other real estate properties makes it a viable option for diversification, or wouldn't you agree with me?

As long as you keep trying to prove that diversifying our investment in gold or silver is good, I disagree with you. Yes, bitcoin is a long-term investment. Before we can make a good profit from our bitcoin investment, we have to hold it for a long time, such as 5 years. But you fail to understand that since we have accumulated the quantity of bitcoin we intend to accumulate, it is not good for us to diversify our investments into another long-term investment, which should take the same number of years as bitcoin to give us a return. We should diversify our investments in something different from bitcoin so that we can use the money from the investment to solve our living expenses, and it will make us not to depend on our investment to survive or sell it in a hurry to solve unexpected problems.

I disagree with you that if you diversify your investment into a different assest that is not in line with bitcoin, that is also a long term investment will become a problem for that investor, and that we should diversify into an investment that we can use to solve our living expenses in order for us not to touch sell our bitcoin investment to survive when we are faced with challenges. You are contradicting yourself, because any investor that wants to diversify must have reached a level that he feels he have enough Bitcoin and he wants to channel his resource into another asset that his not bitcoin so that he does not have all his investment on bitcoin. Such person have being investing into bitcoin for long and for him to reach that level, it means that he has every other things in place that has prevented him from selling his bitcoin investment until he reached the level of him feeling he has too much.

That investor already has an emergency funds, reserve funds and float and diversifying in another long term asset will not affect him financially, because he still have his means of income. Diversifying is good but it is only for people who have a broad knowledge of investing and the value of that investment overtime. I am poor at this so I would prefer to hodli my bitcoin and maybe diversify into cash related properties, but the bottomline is that bitcoin can give you a higher profit that any other asset that you diversify into and the odds of bitcoin value to increase and last for long is high.