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Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

This is what people don't understand, the word diversification should come in when you've gone to the level of your satisfaction in Bitcoin and even if you have too, you would have to weigh options before diversifying, when I said weigh options, I mean trying to know if what you are diversifying to is better or will be better than Bitcoin so that you go wasting your time while you are supposed to concentrate on Bitcoin alone, personally I keep saying it am not a fan of any altcoin out their, if one wants to diversify it should be in other stuffs, I know people will say it is not a nice idea for one to put all his eggs in one basket yea this may sound nice but how sure are you about the other basket that you want put or shield I say lay lay your eggs, how secured and trustworthy is that basket and how sure are that such basket will not get leakage in a shortwhile.

For me is always Bitcoin, I wouldn't decide for anyone but I won't stop telling individuals what I feel is right in this space but their individual decision surpass my advise but I can't give up on this because that's what I think is applicable here.

It's the same for people only focusing investing into gold first than people spreading their investments. For me, it's more safe to focus on something you really know and accumulate it for few years. Immediately diving into different investments just because you heard it's a good investment but you have no any other info about it is dangerous.

Having multiple investment also will divide your time. Instead of you only focus on learning more knowledge about that one particular investment, you will have information overload learning multiple type of investments.

Best strategy is focus on 1 investment first like bitcoin, accumulate it for few years while learning its pros and cons before you procede to altcoin investing. It's less-risk and less stress for a person doing that approach.

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.

Not only traders falls into this problem of diversifying also Bitcoin holders like wise some other investors because they feel they are holding Bitcoin and so it is enough reason for them to diversify not knowing that their cash flow is not strong enough for diversifying, some do it because they see others doing it or wanting to answer the name of a lot of business owners without understanding that your present investment must be strong and firm financially and be able to withstand any huddles of you diversifying if being tempered to diversify and in return .
Remember when you diversify is to serve as a back up fund that you use to support and protect your existing business/investment as soon as they are grown not to make it grow

Like you said people that diversify are traders also a lot of people get into trading because they see people going into since to them it is less risky and profitable without them having full ideas or understanding trading and that is why they lose all their resources. Some persons have not finished managing or even having full idea of their holdings properly and they are talking about diversifying this is why businesses/investments crash.

It wasn’t said that people who diversify are traders, but most people who are profit oriented diversified because they have a trading mindset, tell me why someone will diversify because of making more money, because there are fellows who decides to follow a different step because they want to be a jack of all trades, at some point it’s better to focus on a specific goal and achieve that instead of being inconsistent.
Perhaps it’s never wise to diversify before you get to your point of over-accumulation, sometimes diversification at an early stage of investing in Bitcoin might probably be that you don’t have a trust in Bitcoin that is why you can choose to invest in other projects as you like. Tell me one reason someone who have not accumulated and hodl bitcoin for a long term or a full circle should be talking about diversification if not for seeking profit opportunities, and who is always desperate for profit, I think you should read enough to understand instead of contradicting the statement.