Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcoins, he can be cheated at any time.
Yes!.. Diversification can be a means to reduce investment risk but not with shitcoins cos with them you’re increasing your risks in hopes of high gains which may not happen. The concept of not putting all your eggs in one basket is not applicable here because it is better to put all your eggs in one basket (Bitcoin) than to put in different baskets (shitcoins).If an investor wishes to diversify, he can look into Real Estates, Gold or even stocks n Tech. There is no known shitcoin that has a long term value that you can hodl in hopes of making sufficient profits.
It's perhaps the safest investment decision you could make in your crypto investment journey.
HODL.. and keep accumulating until you either get to overaccumulation status or you get to a point in which time will play out to cause the amount of your holdings to transition into overaccumulation status.
Waiting is not a very good strategy, but it is better than selling.. I will grant you that much.
Through discretionary income.
To increase the alternative income source to increase extra accumulation, Any kind of action plans should be adopted to keep our attention on our socio -economic and global economy. Bitcoin future coins, even on the current holding of the present -day depending on our future investing. If we have more aggressive or naturally for accumulation Bitcoin then we should take our work accordingly (To follow DCA method and holding long term).
Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcoins, he can be cheated at any time.
Yes!.. Diversification can be a means to reduce investment risk but not with shitcoins cos with them you’re increasing your risks in hopes of high gains which may not happen. The concept of not putting all your eggs in one basket is not applicable here because it is better to put all your eggs in one basket (Bitcoin) than to put in different baskets (shitcoins).If an investor wishes to diversify, he can look into Real Estates, Gold or even stocks n Tech. There is no known shitcoin that has a long term value that you can hodl in hopes of making sufficient profits.
It's perhaps the safest investment decision you could make in your crypto investment journey.
HODL.. and keep accumulating until you either get to overaccumulation status or you get to a point in which time will play out to cause the amount of your holdings to transition into overaccumulation status.
Waiting is not a very good strategy, but it is better than selling.. I will grant you that much.
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IMO, it’s not just ignorance. People are just scared to start what they dont want to deal with in the long run. And for the fact that everything around bitcoin is different from what it was 2013-2015, beginners look back at it and dont know where to start. Yet, at the same time, if they at least appreciate that their failure to buy bitcoin is only preparing for down, and they are failing to prepare for up.. then maybe they could be motivated to buy some in order to prepare for up. but part of the problem is that they think that they don't need to prepare for up, and they wrongly believe that they are not prejudiced if they don't prepare for up... which yeah, 5-10 years down the road or later, they may well come to realize how much they fucked themselves by continuing to fail/refuse to act to at least get started, even if it is just $30 per week.. even while we know they are easily capable to do $100 per week..
Most folk correlate the value of Bitcoin in the past years to present value without correlating the present value to what the value will be in the future making them feel that they are late in the system but they fail to understand the time value of money and investment.
Considering the unprecedented rise in the value of Bitcoin from the past year till date I'm pretty sure that Bitcoin has a great potential in the the future, what we seeing now as high price of Bitcoin may be a tip of an iceberg to what the value will be in the future and as such anyone that started now should not consider him/herself late, all we just need is consistency and proper long term planning.
I would suggest getting started buying BTC as soon as possible as long as the newbie can figure out that he has a discretionary income.
Getting started seems better than the newbie concluding that planning is needed prior to such getting started.
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What they need to learn first is to know what is Bitcoin then second is to determine which wallet is safe for them to use because we need to consider to secure our funds so that nothing bad will happen with their investment.Then after that they are good to go to start their investment and they can start accumulating Bitcoin smoothly then don't think about those things that can possibly bother them.
Also they should not get distracted on the price and think bitcoin is expensive or they are been late on the ride since buying small fraction then also knowing the potential of Bitcoin could help them to decide well about what's possible going to happen in future.
I think that to get started they have to figure out if they have a discretionary income or not. They can figure out what bitcoin is and/or what wallet is save at later dates. Sure, if they already happen to know some things about bitcoin, then nothing wrong with that, yet why should they need to know more about bitcoin rather than whether or not they have $10 of discretionary income in order for them to get started?
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IMO, it’s not just ignorance. People are just scared to start what they dont want to deal with in the long run. And for the fact that everything around bitcoin is different from what it was 2013-2015, beginners look back at it and dont know where to start. Yet, at the same time, if they at least appreciate that their failure to buy bitcoin is only preparing for down, and they are failing to prepare for up.. then maybe they could be motivated to buy some in order to prepare for up. but part of the problem is that they think that they don't need to prepare for up, and they wrongly believe that they are not prejudiced if they don't prepare for up... which yeah, 5-10 years down the road or later, they may well come to realize how much they fucked themselves by continuing to fail/refuse to act to at least get started, even if it is just $30 per week.. even while we know they are easily capable to do $100 per week..
There is no way to make up for our regrets about not starting earlier, except to just try to figure out some system in which you can accumulate bitcoin as aggressively as you can, without over doing it... so surely when guys have regrets about the past, they sometimes will try to make up for it, and that is neither a healthy mindset or a healthy approach, since we are all limited in how much we can do, but we might consider that if we screwed up in the past then maybe we try to figure out ways to improve our discretionary income, yet we are still going to be limited. and we also have ongoingly to be careful not to overdo it...and go forward with pragmatism and practicality, even if we might also be trying to be somewhat aggressive (within our own reasonable limitations), too.
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IMO, it’s not just ignorance. People are just scared to start what they dont want to deal with in the long run. And for the fact that everything around bitcoin is different from what it was 2013-2015, beginners look back at it and dont know where to start. Yet, at the same time, if they at least appreciate that their failure to buy bitcoin is only preparing for down, and they are failing to prepare for up.. then maybe they could be motivated to buy some in order to prepare for up. but part of the problem is that they think that they don't need to prepare for up, and they wrongly believe that they are not prejudiced if they don't prepare for up... which yeah, 5-10 years down the road or later, they may well come to realize how much they fucked themselves by continuing to fail/refuse to act to at least get started, even if it is just $30 per week.. even while we know they are easily capable to do $100 per week..
It is understandable if someone is skeptical in the early days of Bitcoin, at that time it hasn't gained much reputation, no potentials and historical patterns to show that it's not a Ponzi scheme. But with what Bitcoin has achieved in less than two decades I think that nobody should doubt it's long term survival and profitability. Bitcoin is decentralized so it's not like one government or entity can just shut the network down, there is no reason to fear about accumulating on the long term and waiting for accumulated profits in every ATH.
I agree that it is ongoingly challenging to figure out ways to help people to try to think more long term, and for sure many of us likely recognize the challenge that people have to think in terms of 4-10 years or longer.. and surely one possible solution could be to suggest for them to invest a smaller amount, so that they won't miss it.. but then they may well later have regrets that they did not invest enough... .. yet it is difficult to figure out what kind of a solution could help since each person has to get themselves to be motivated to have a longer timeline for their bitcoin investment, and if they cannot get into that kind of a framework, then they likely will continue to be disadvantaged by their own mindset and their inability to transition into longer term thinking, at least in regards to their bitcoin investment.
Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcoins, he can be cheated at any time.
Yes!.. Diversification can be a means to reduce investment risk but not with shitcoins cos with them you’re increasing your risks in hopes of high gains which may not happen. The concept of not putting all your eggs in one basket is not applicable here because it is better to put all your eggs in one basket (Bitcoin) than to put in different baskets (shitcoins).
If an investor wishes to diversify, he can look into Real Estates, Gold or even stocks n Tech. There is no known shitcoin that has a long term value that you can hodl in hopes of making sufficient profits.
Plus diversification without the right amount of capital to "diversify" would be wrong. We're NOT professional asset managers who manage BILLIONS worth of assets. We're mere PLEBS who want to make the most from are small capital-base. The solution? HODL ALL your capital in Bitcoin, if you ask me.
It's perhaps the safest investment decision you could make in your crypto investment journey.
Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcoins, he can be cheated at any time.
Yes!.. Diversification can be a means to reduce investment risk but not with shitcoins cos with them you’re increasing your risks in hopes of high gains which may not happen. The concept of not putting all your eggs in one basket is not applicable here because it is better to put all your eggs in one basket (Bitcoin) than to put in different baskets (shitcoins).If an investor wishes to diversify, he can look into Real Estates, Gold or even stocks n Tech. There is no known shitcoin that has a long term value that you can hodl in hopes of making sufficient profits.
As long as I have the ability to invest, I will not invest in any other coin in the market and I will continue to invest in the same way I invest in Bitcoin. I believe that I will always get good returns from here at a certain time.
Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcoins, he can be cheated at any time.
Yes!.. Diversification can be a means to reduce investment risk but not with shitcoins cos with them you’re increasing your risks in hopes of high gains which may not happen. The concept of not putting all your eggs in one basket is not applicable here because it is better to put all your eggs in one basket (Bitcoin) than to put in different baskets (shitcoins).If an investor wishes to diversify, he can look into Real Estates, Gold or even stocks n Tech. There is no known shitcoin that has a long term value that you can hodl in hopes of making sufficient profits.
However, if all these investors had invested in Bitcoin instead of investing in other coins in the market at that time, then they would have got a good profit at this time. We can see that the price of Bitcoin is increasing positively every year, but I don't understand why we have to think about these shitcoins when investing.
As long as I have the ability to invest, I will not invest in any other coin in the market and I will continue to invest in the same way I invest in Bitcoin. I believe that I will always get good returns from here at a certain time.