Quote from: SOKO-DEKE on Today at 02:58:55 PM

Quote from: Roseline492 on Today at 12:53:48 PM

Quote from: I_Anime on Today at 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.

I think you are getting him wrong, Roseline492. If you had followed the person Anime quoted, you would have understood it better because all it's saying is that once someone is building their portfolio, they should not try to diversify into any other coin. They should fully focus on accumulating their Bitcoin instead of thinking about diversifying into shitcoins, thinking they can make money there too.We all know that altcoins are just about gambling, so we should forget about diversifying into altcoins. In fact, it doesn’t even make any sense when you’re still accumulating Bitcoin and haven’t reached your target, yet you’re already trying to diversify.

In this life, if we want to succeed in anything we do, we need to focus. Constantly shifting our focus will never help us achieve our goals.Do you know that some people even go as far as selling their Bitcoin just because of this idea of diversifying? They believe what they’re diversifying into might bring them huge profits and they’re not even sure of. Because let’s be honest, anything in life involves risk.

I don't see anything wrong in diversifying ones investment when you have all it takes and you have the capacity to manage your investment judiciously but it becomes wrong and bad when you don't have the capacity to do both at same time and again even if you want to diversify, your Bitcoin investment should be your priority. However, shifting focus from Bitcoin investment to shitcoin and altcoins is not advisable but in the outside world you need to try everything in order to survive.