That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything.
I don't see anything wrong with what @I_Anime said. From all the threads' previous opinions by members, no one is even suggesting that while investing in Bitcoin, you should close your eyes to all the opportunities you might find along the way. in the real world, we all are involved in one business or the other, and some of us, while investing in Bitcoin, still handle one project, contract, or another. With that fully stated, someone who is intentional about his Bitcoin investment will find a way of balancing things up such that he can follow up with his investment plan and still handle another aspect of his life effectively.
should you diversify when you are still at your accumulation phase? if you intend to get at least $20k worth of Bitcoin before looking at other sources or trying out other things, is it wrong to say that until you have built a good chunk of BTC, you won't think of diversification? if you looked at the concept of doing DCA while investing in Bitcoin, we have always advocated that you use like 20% of your income for that purpose so you can have the rest for your other needs. The allocation for emergency funds and the advice of working on improving one's stream of income while investing are things that tell you that an investor's life does not revolve around just Bitcoin.
for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it
Does taking up a contract mean that you have to sell your Bitcoin holding before doing so? what happens if it is when there is a market correction? would you still sell part of your holding in loss just because you want to diversify?
Have you heard of the statement, penny wise and pound foolish? it speaks volume of selling at loss just to diversify.
have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things.
Have you forgotten that investing in Bitcoin means that you are buying Bitcoin, and how can you buy Bitcoin if you don't have what you are doing that is bringing you money? bitcoin investment does not hinder you from doing any other thing; it even helps fine-tune you to the need of being disciplined and dedicated to your source of income so you can consistently DCA without any form of interruption.