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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.
I will just supplement by suggesting that one of the problems with diversification too early is like you said that yu may well lose your focus, yet again another aspect of losing focus is diluting your investment.. so there could be some circumstances in which diversification might make some sense, diversification is not necessarily something that needs to be done in the beginning for anyone who is in the earliest of stages of getting used to investing and also the earliest of stages in building his/her investment portfolio, so there is nothing wrong with starting out with just bitcoin and cash.. figuring out various ways to manage your cash and getting used to buying bitcoin regularly and buiilding your bitcoin stash, and then maybe somewhere down the road after you had been building your bitcoin and your cash for a while, then maybe at some later point you might consider some value in thinking about diversifying.. even though surely I have some difficulties considering diversification as any kind of necessity or justifiable for anyone who has not even accumulated a whole years of income/expenses in bitcoin, and surely people might find lower thresholds (such as 6 months of income expenses in bitcoin) to justify some need to start to consider whether some diversification might be suitable for such person at that stage in their investment portfolio building (and surely not referring to shitcoins either in terms of other possible assets to diversify into).
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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.
There are not very many places that have 5% or more of their population who have invested into bitcoin, so any place that has that kind of level of actual investment into bitcoin seems like a pretty high number.. and even if the whole world's population had around 5 % of the world's population into bitcoin then that would be right around 405 million people invested into bitcoin, and I doubt that there is even 100 million of the world's population invested into bitcoin - even though there are some greedy persons/institutions that hold way higher percentages of bitcoin than any normal person is going to have trouble even getting a whole bitcoin unless he aggressively gets started working towards such an accumulation target.. so yeah, average people might even have trouble getting 1 million satoshis, even though right now, 1 million satoshis could be bought for right around $660, which seems like it is going to be difficult to buy 1 million satoshis for that kind of a price in the future... but hey, no one knows and so it seems that those of us who are stacking bitcoin and stacking satoshis are likely going to be in a better position than those who come to bitcoin 4-10 years or even later down the road.. which truly, there are likely going to be folks brand new to bitcoin later down the road.. such as just getting started somewhere around 4-10 years or longer down the road, and some of us have already gotten a head start in terms of our own stacking.