Well, I think part of my point was also how you say it in such a way that gives the impression that bitcoin is guaranteed.

Surely, each of us has to figure our BTC position size with some levels of understanding that various downside scenarios could end up playing out, so we figure our position size as we accumulate our BTC and even sometimes adjust our BTC accumulation and/or maintenance strategies based on our ongoing thoughts about bitcoin in terms of bull cases and bear cases, and likely that the longer that we are in, if we are advantaged by having more of our holdings being more and more in profits, we still cannot necessarily take UP for granted, yet we may well have so much built in cushion that we are no longer having all of our eggs in the bitcoin and/or cash baskets.. so there can come some value in terms of diversifying and balancing when we might be so far in profits that we also might begin to develop fewer and fewer concerns about the BTC price going below certain price points.. such as now, there may well be some guys with $1k or less costs per BTC, so they might not be very bothered by BTC price fluctuations between $40k and $70k or even fluctuations that might take us to $150k or more... yet the guy who has much higher average costs per BTC and who might still be accumulating BTC and got into BTC less than a cycle ago is likely going to become more worried about BTC price moves and various less than bullish bitcoin price scenarios... yet the guy may well still keep on accumulating bitcoin and have decently strong assessments that it is not too likely for BTC prices to go back into the $20ks and even $30ks, yet those later entrant guys are going to be more worried and even affected by BTC price moves that might end up going in those lower than expected scenarios as compared with the guy who has much lower BTC costs, such as the guy with $1k or lower costs per BTC.

Both guys may well feel a decent amount of confidence in BTC holding and/or appreciating in value. .while at the same time needing to have various protections in place (whether financial and/or psychological) in order to make sure that he is some what protected, even though he recognizes bitcoin as amongst the best (if not the best) to keep certain decently large portions of his networth (even though he may well not keep all of his networth in bitcoin and/or cash, he might start to have some other places that he keeps networth as well, which partly gives him more assurances of not completely losing all of his wealth in the event some negative event were to happen with BTC). .. but yeah a guy in his first bitcoin cycle might be gaining in confidence.. but still cannot rest assured.. .. yet should have some safeguards in place, and I am not claiming to know exactly how to balance those concerns, since each of us have to consider those kinds of matters, especially if bitcoin might be getting in the area of being valued in 5-10 years or more of our annual expenses (whether referring to 200-WMA or spot price) and maybe we have around a year of annual expenses of cash, so we might start to consider if there might be some value in having some value in some places other than merely bitcoin and cash, and if we were 100% sure about bitcoin, we would not diversify any further, yet personally, I think it is foolish to place levels of 100% confidence in bitcoin, even if it happens to be amongst the best, if not the best place to place value (which is extra value beyond short term living expenses.. which may well need to be in cash including emergency funds, reserves and float).