New investors still needs to diversify and stay informed because it’s crucial to managing risk effectively. Most of the no coiners have regretted heavily of not investing long time ago, they should know that regret over missed opportunities is common in life. They should see now as an opportunity to start there investing journey, focus on the present and future because will keep rising and other cryptocurrencies.
I don't see diversification as a good practice in this crypto space because aside Bitcoin, their is no other crypto that is as reliable as Bitcoin, because Bitcoin has proven beyond reasonable doubt that it always recovers even when it dips in price, so it's safe to invest in Bitcoin only.
i don't see anything wrong if a guy chooses to diversify his bitcoin, however diversifying your bitcoin does not necessarily mean that a guy will be looking into shitcoin or altcoin rather they can decide to create a separate wallet or exchange and hold some of their bitcoin because is not really safe to be accumulating bitcoin using only one portfolio I know some people may not find it necessary but I think is good to split our bitcoin across different wallet to reduce risk from a particular point of failure.
and you should not be diversifying into alt or shit coin, but you should be diversifying into land or real estate, so you must get to that over accumulation status first before thinking of diversifying, if not, it's a wrong way to invest in Bitcoin.
I agree with you on this one, and yeah, diversifying into real estate or land is more reliable than shitcoin or altcoin that's for those that would want to diversify into other assets after they most have gotting to the stage of overaccumulation, but I would prefer to start all over rather than diversifying into land or real estate because I don't want a situation where someone will be trying to deprive me from my own property.