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Scraped on 04/04/2025, 18:18:20 UTC
Quote from: Roseline492 on April 04, 2025, 12:53:48 PM
Quote from: I_Anime on April 04, 2025, 06:14:45 AM
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, 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, however 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.
You are getting everything about diversification all wrong. When we mean diversifying into another investment, it means that the money that you are using for building your bitcoin investment will be channeled into a different kind of investment that's not on the same line with bitcoin. For example, bond, stock, cash equavilents, equity etc.

It does not mean that you should not work or miss out the opportunity of increasing your income overtime when the opportunity comes. The reason why you don't need to diversify into any other asset when you are still in your bitcoin accumulation journey is so that you can stay focus and build your bitcoin portfolio with all seriousness, so that you can reach your bitcoin target quickly without having a diverted mind. If you are investing in bitcoin and at the same time diversifying, it will make you have little bitcoin in a long period of time.

The only time that is good to diversify if you want is when you have reached your bitcoin target, and you don't feel secured with only your bitcoin investment, you can diversify into other asset so that one will balance the other when the market is not doing well. Don't forget that bitcoin gives the highest profit than any other investment, if you invest the same amount of money into bitcoin and other asset overtime. This is the major reason why you should be and grow your bitcoin investment first to your target before you should think of diversifying, and you should also have the knowledge on what you are diversifying into and how to do it, so that you don't do it wrongly and regret your actions.
Original archived Re: Buy Buy Buy or Sell Sell Sell?
Scraped on 04/04/2025, 13:39:31 UTC
Quote from: Roseline492 on April 04, 2025, 12:53:48 PM
Quote from: I_Anime on April 04, 2025, 06:14:45 AM
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, 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, however 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.
You are getting everything about diversification all wrong. When we mean diversifying into another investment, it means that the money that you are using for building your bitcoin investment will be channeled into a different kind of investment that's not on the same line with bitcoin. For example, bond, stock, cash equavilents, equity etc.

It does not mean that you should not work or miss out the opportunity of increasing your income overtime when the opportunity comes. The reason why you don't need t