Quote from: bitcoin_mining on Today at 03:41:28 AM

Quote from: IceLincoln on Today at 01:03:30 AM

Quote from: Muba20 on July 04, 2025, 04:01:28 PM

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.

I agree with you that there are many shitcoins in the market that have been in the same position for a long time but reviewing the history of Bitcoin will give you a good idea about investing because Bitcoin is a store of value. The main hope of investing should be to set a time frame for the savings plan until it reaches a normal level as 4-10 years on a regular basis. A normal level is an amount that the investor can be satisfied with holding. Most people have unlimited needs but their capabilities are very limited as lack of sufficient money and inability to implement proper planning. Some investors run Bitcoin accumulation even if there is any amount of discretionary income source. You should have a plan to ensure proper use of the small amount of assets. Proper planning by continuing to accumulation Bitcoin regularly regardless of the price through discretionary income.