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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.

About the idea of diversifying into several forms of investment and it's not much better than trying to make a percentage purchase of bitcoin. In the past, I was one of the people who bought gold to save and the price movement was not much better even though I had kept it for more than five years. Finally I decided to buy bitcoin as an investment asset that I held and the comparison in the same five years was much more favorable to bitcoin. Regarding the risk that is often talked about and I think it really depends on our mental readiness, if bitcoin is bought and held then it should not be part of short-term trading so we will not experience any risk.

I am new to buying bitcoin to hold without being in a rush to sell and I can already agree with you on the risk not being significant for holding bitcoin for long. I know the fear and anxiety I was facing being a short term trader, it was draining me psychologically and most times I will sell and within few days regret why I sold so fast. The same with buying only to see the price go lower with a few days and I will be angry that I would have waited more. The possibilities of making mistakes with short time investment in bitcoin is just so high. Now I fell a bit relaxed and comfortable with bitcoin and even the spikes that do happen no longer bother me anymore. I don't even notice most of them because I no longer check the chat often unless when my money to purchase is ready, then I can look at the market and make an entry.

In bitcoin investment you have to find out which one works for you without complicating things for yourself. You have to access your risk tolerance level, your anxiety level and generally what you expect to gain from the investment you are making. It's good that you have finally come to realize that trading isn't working for you and it's not your thing and you have decided to switch to long term hodl, though long term hodl is not a smooth ride, it has its ups and downs too but your determination and patience that will determine how far you will get in this journey. There are people that trading works for very well, that's because they have mastered the techniques in it, they invested their time to study how things works out there. You were having those anxiety and psychological challenges because you didn't spend time to understand the ethics of trading and what it is all about. In buy and Hodl I hope you won't also run away when you begin to see the challenges associated to it? No place is a safe heaven when it comes to bitcoin investment, your patience is what will get you far. If you are looking for quick money you will not find buy the dip and Hodl interesting because here we buy and Hodl without much expectations because nothing is certain and it doesn't matter how long you have hold or you intend holding.

Holding and trading in Bitcoin is very important.
Because it is definitely good to have an idea about Bitcoin holdings because gaining knowledge is always a good sign. Holdings are always long-term, and holding bitcoins is much less risky. Usually in a wallet you can hold bitcoins for a long time (repeatedly monthly or weekly, and also following the DCA method). Thus if you are holding bitcoins you need to use a secure wallet, which you can use a hardware wallet. Only a secure hardware wallet can store bitcoins for long periods of time with much less risk.

Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.

Finally I would say holding is safer than trading. Because trading is always high risk and long term holding is low risk. Benefits are more in long term holding.

Why don't you say buying and hodling in Bitcoin is very important rather than saying buying and trading in Bitcoin is very important what we are discussing I'm this thread is not about your trading but buying Bitcoin and HODL and besides Bitcoin can never be tradable those that trade in Bitcoin sees Bitcoin investment as a get rich quick scheme and they are like gamblers that strive for a short term investment going for a smaller profit what you should have been talking about is how investors can buy more Bitcoin and hodl for a longer period of time.