Quote from: Smartprofit on Today at 10:25:22 AM

In my opinion, you (your friend) should adhere to the following investment strategy...🃏

If you are simply creating capital, then you should forget the word "diversification". It makes sense for you to focus on one type of asset. You will not be able to invest equally successfully in works of art, precious metals, stocks, bonds, alternative cryptocurrencies, bitcoin, memecoins, and so on. To succeed, you need to focus on one type of asset, you must study and understand the object that is the object of investment for you well. 🎯

If you (or your friend) strive to invest in all assets in a row, then you will be like a gambler who came to the racetrack and bet on all the horses at once. Of course, such a person will not be able to win in this game of chance. 🐎

But, I repeat, this is true only for a situation when you are still at the stage of creating capital. When you already have a large capital (you have already created it), then, of course, you should not forget the word "diversification". And it makes sense for you to invest your capital in different types of assets - in bitcoins, in stocks, in real estate, in deposits in a commercial bank, in gold, and so on. After all, at this stage, it is more important for you to preserve your capital, rather than increase it. 🌐

Therefore, in my opinion, if your friend is just creating his capital, then you should not criticize him for focusing on bitcoins. Because if he seriously studies the first cryptocurrency - both in terms of technology, and in terms of current legislation, and in terms of pricing, then I have no doubt that success awaits him!🎂

A great and well-written answer.

Even by going only in BTC, he or his friend would succeed anyways, given the proper knowledge and time put into the process.

HODL is a true bliss to not spend nerves while staying afloat.. Cool