quote author=JayJuanGee link=topic=5487753.msg65461762#msg65461762 date=1749356445]

Yes there are times when diversification is completely retarded (so I would say that in those situations, diversification is a bad thing in certain situations).  And, diversification tends to be something to protect your assets once they are grown rather than trying to grow your assets.. Diversification does not make much sense as a reason to "grow your assets" unless you have the mindset of a trader, a gambler or someone who does not know what the fuck they are doing, so therefore you diversify in order to hedge your bets because you do not have confidence in your investment (in the topic of this thread, bitcoin).
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You are absolutely correct, JJG and I think you have really emphasize on this issue for some time now and yet someone people don't still get it and I think no matter how you talked on this issue people will still do what's on their mind but it will do them more good if they understand what you are saying because it will help them keep healthy investment by not been distracted with the issue of diversification. Even I want to diversify as an investor, I wouldn't diversify for the purpose of profit but rather I will diversify to have those particular asset in my possession.


quote author=JayJuanGee link=topic=5487753.msg65461762#msg65461762 date=1749356445]
You seem to be thinking about diversification in terms of wanting to get involved in shitcoins, and that kind of gambling mentality is not correct.

Diversification is not a means to try to make more money, even though traders, gamblers and shitcoiners will frequently think about diversification in those kinds of ways.
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Absolutely that is what Jostern was doing and I think traders and investors has different motive of diversifying even though it may be for profit making because definitely one can not diversify in a constant or stagnant asset but I believe the core aim or reason why traders diversify is to reduce there risk in the sense that if they first venture into something they don't really trust they will look for other ways to diversify so that, should in case the first one goes wrong the other ones won't and they believe it work that way but that is not completely true because sometimes all your diversification can go wrong there by increasing your loss instead of reducing it.

Bitcoin potential and what it has done in few years back is already an evidence of what it will hold tomorrow ( future), so even if an investor is diversifying I think it should not be or is not suppose to be same motive with that of a trader.