Bitcoin is a valuable asset. I wanted to explain the importance of tangible assets and the synergy between valuable assets like Bitcoin. A new investor who neglects real assets and overemphasizes only accumulating bitcoins may end up failing long-term investments. emotional. For long-term investment management, the backup fund should be counted among tangible assets. Both permanent and temporary assets are important. Investment success depends on the combination of each asset and the amount of backup fund is should be sufficient to meet the needs of the family for 6 months or more.
If the reason to diversify into other assets is to reduce risk and help sustain our long-term plan in our Bitcoin investment then it is a good idea. Meanwhile, there is nothing wrong with focusing on accumulating Bitcoin for a while. While we go in search of other assets to maintain balance we ought to focus on accumulating enough Bitcoin that when held for a long term the profit will be reasonable. An investor who has not acquired enough Bitcoin should not think of diversifying in the initial stage.
For new investors they shouldn't be in a haste to go into diversification. Growing their portfolio at that early stage should be there ultimate criterion. At some point when they feel they are comfortable with what they have so far then they can start thinking of diversification. Those who are rich and can afford to accumulate faster can diversify when they feel like it because they have the resources to do so.