We keep emphasizing about diversification, but I must say that it’s really not necessary for someone who is a low coiner who just entered into bitcoin, it’s just important to continue accumulating your bitcoin portfolio first and foremost instead of getting distracted at some point, mostly people who have a trading mindset are the fellows who at some point of there investment wants to have a different approach because they might probably not have trust in Bitcoin, but if you’ve trust in Bitcoin is better to continue accumulating and building your portfolio first then when you’ve tried to accumulate for 4-10 years then I think someone in that states can starting think about diversification and this diversifying shouldn’t be a motive of getting into shitcoin or anything gambling, And I also think diversification shouldn’t be a means of making money, most people who are profit oriented would think of diversification that way, but I would suggest to focus on accumulating Bitcoin and hodl.
I largely agree to all you are saying, the only thing I mostly disagree on is the bold words in your statement, someone diversifying his or her investment doesn't mean that he doesn't have trust in Bitcoin or what ever investment he is into, the primary purpose of me diversifying if I wish to diversify is because I want to earn money across other asset like land, gold and real estate, not that I don't believe in Bitcoin and it potential.
Both view are actually right, the fact there’s a long duration investing in bitcoin it’s not bad considering other asset. Diversification is optional but before anyone should consider a second option he/she must have a balance portfolio that can withstand other asset meaning no distraction while investing. 4-10 years depends on an investor if they’ve accumulated much personally I don’t consider diversifying my asset presently, possibly in the future although it’s not advisable we invest 100% in bitcoin.