The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks
This is not something bad as long as he's willing to hold for a time that the market rises up to a profitable amount he could wish as we keep launching into bullrun, it was advised that people should diversify in other not to rely on a single asset as source of an investment, though bitcoin should not be seen as such that may not be profitable, it only may require time to prove profitability, while for those investing on other assets, they can have an alternative as well to compliment each other anytime one is not performing well as expected, same applies also to bitcoin, we may be in the bear season, whereby the market continues to fall, but once we had an alternative asset, we may rely on that for the cover up before bitcoin bull season begins.