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For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.
Yes. There are potential advantages to actually having information asymmetry, yet we are still not going to know for sure if we were correct in terms of the information asymmetry that we feel that we have - even though surely some of us who have been in bitcoin 4-10 years may well feel some various levels of internal satisfaction in terms of the level to which our BTC holdings are already in decent amounts of profits with decent amounts of cushion in our profits. Surely there also are likely some folks who have been in bitcoin for less than 4 years who also can feel a certain dynamic of being in profits - yet still there is some comfort that is felt by having a portfolio that is in profits... even if it is a shorter term holdings of bitcoin.
Actually regarding your other point about diversifying, I had not noticed that dumbass point prior to sending you a smerit.. so yeah, I wished I could pull it back since the idea of diversifying for the mere sake of diversifying makes hardly any sense without describing some kind of a context and justification why diversification would be any kind of an important point for anyone in their earlier stages of BTC accumulation.. ..
So maybe I am getting more and more irritated when I see members spouting out nonsense in regards to the value of diversification without providing some kind of an explanation why diversification is in need of accounting - unless someone is alreayd building some kind of a decent investment portfolio, then there might be some justification for diversification, but we don't know that as a general principle, we cannot presume a need for diversification, and likely we are more able to presume that an overwhelming number of persons already have hardly shit for any kind of investment, so diversification is not justified for those people either, including that 99% or so of the worlds population does not own any bitcoin, so I am not going to presume that they need to think about diversification when getting into bitcoin, absent that they might already be in some special category of person that already has various investments... which is not any kind of a reasonable presumption.. so the presumption shoudl be fuck diversification, unless and until there might be some reason to go down that path.
Diversification should not be mention in this thread because this thread fucus on the road to Bitcoin hitting 100k, I agree with JayJuanGee fuck diversification and I see no reason to diversify to another investment, Bitcoin is still growing and has not gotten to the level it should get. I regretted not investing on Bitcoin years back and now I have started I have no intention to diversify to any investment. My goal is to accumulate as many Bitcoin as I can, if we carry this mindset of diversification it will really affect our bitcoin accumulation journey one thing I understand is that when you are not focus on a particular thing you will never make it look good.
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I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.
How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin. If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word. Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.
You are correct, I also believe Bitcoin is still on the earliest of stages of adoption, in my home town we are only 5% that knows what Bitcoin really is, 40% have heard about Bitcoin but really don't understand what is all about and 55% has not heard about it. So you see Bitcoin is still in the early stage and that is why newbies like me should not feel Bitcoin has gone far and therefore there's no need to invest on it. A lot of people who are not investing on Bitcoin today feels that Bitcoin has reached the pic of it growth and so investing on it will account to nothing.
From now till the next 5 years people with this mindset will regret not investing.