Quote from: I_Anime on June 06, 2024, 07:44:31 PM

Quote from: JayJuanGee on June 06, 2024, 05:09:29 PM

Quote from: Kliss on June 06, 2024, 07:49:42 AM

Quote from: JayJuanGee on May 29, 2024, 05:22:14 AM

[edited out]

.....Diversifying investments can help balance risks and potentially outperform other investment choices in the long run. It's all about playing the long game and staying patient while keeping an eye on the potential growth opportunities that may arise.

Surely, I never said anything about any need to diversify.. especially for a new investor who may well be fine just diversifying into bitcoin and dollars (fiat).. so yeah you are adding that idea in and even seeming to suggest that it might be in line with some of the things that I had been talking about - which to me diversification seems to have the potential overly complicating (or diluting of his investment into bitcoin).

Sure, after several years of building your bitcoin portfolio, maybe even 6-10 years or longer it might start to make sense to diversify into some other kinds of assets such as stocks, bonds, properties, commodities and/or cash or cash equivalents..

Alternatively, if a person heavily front-loads into bitcoin rather than DCA investing, then there also could be some justification in regards to diversifying since such person is already starting to build his BTC holdings from a large amount rather than building over time, which many investors take a whole hell of a long time to build any kind of decent and/or meaningful investment into anything (including bitcoin) that would justify diversifying.

Diversifying for the mere sake of diversifying (because it sounds prudent and "smart" people say it) hardly makes any sense.. and makes even less sense if you are using that term of diversifying in order to justify holding some shitcoins... which is even dummer.. and in the context of shitcoins, likely there is gambling involved, and surely anyone who is really tempted and cannot control themselves in terms of wanting to have some shitcoin exposure (gamble), then they should at least limit that exposure to less than 10% the size of their bitcoin holdings.

Exactly that's why most time I don't advice anyone that haven't gotten far in his Bitcoin accummulation to diversify his cash in other investment rather focus on building a nice Bitcoin stash first in his portfolio, before thinking of diversifying yah cash .

Because you doing it now (diversifying) , will only slowdown your Bitcoin accumulation rate . And when it comes to Bitcoin having a small portion ain't encouraging at all , that's why you need to build some good stash through various means of accumulating though it. May Taks time but still worth it .

May be after reaching your accumulation goal you can focus other investment by diversifying yah funds.

You do not have to reach your accumulation goal before starting to think about diversifying or even to enter into a process of actually creating more diversification in your investment portfolio (beyond mere bitcoin and cash), so surely the beginner investor need not be thinking too much about diversification for the mere sake of diversification.. yet the point at which such needs for diversification triggers is likely going to differ for each person, and there is likely not any exact correct way to do it, even though some ways will likely pay off better than others, but in the end, when a person is trying to balance risk, cashflow and other kinds of considerations regarding how he views bitcoin as compared with other investment possibilities that he has, and these can all have a lot of variance that goes way beyond the topic of this thread - yet my main point is to object to those spouting out ideas of diversification that seems to have little to no thought except that they heard others say it and so it sounds like a good idea.. and also some of the lost puppies fucking around with shitcoins seem to wrongly come to conclusions that "diversification is a good thing."