Quote from: Proty on June 08, 2025, 11:22:59 PM

Quote from: Joy- maker on June 08, 2025, 09:40:33 PM

[Edited out]
from my own perspective focusing only on one investment like bitcoin is not really a good Idea, because bitcoin is not a get rich quick scheme where you will you centralize all your focus investing on bitcoin alone and forget about investing in others things to improve your source of income to be able to sustain yourself till you bitcoin portfolio is do for harvest, remember it takes time to build an investment portfolio, so why not spread your money across other investments to improve your source of income to enable you accumulate more bitcoin consistently and hold on to your bitcoin investment for long term to make reasonable profits...

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It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

You are right but the thing is risk is inevitable in any investment and some people just diversify without even understanding the risk involve in what they want to diversify into, a good investor try to understand the risk and then know the level of risk to take even though those risk may not happen or occur. And I have come to realized that most of the people that always talked about diversification are investors that haven't gotten a good fraction of Bitcoin in there portfolio and I keep wondering why they are in a haste and why they want to diversify. Investment is about mindset, a proper thinking and reasoning and one admiring thing about wise investors is that they don't rush decision or thought, they calculate and recalculate.