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Honestly speaking I think there is nothing wrong with diversification if you have accumulated a large amount of Bitcoin probably talking about 10-12 years and you've gotten to a level where you feel that you have gotten to over accumulation and then you feel there is need for other things, it's not like you're taking all your investment in Bitcoin, And you're not diversifying into shitcoin which is a very dangerous thing to do considering that shitcoin depends on Bitcoin to thrive, so in my opinion for someone that is a newbie and you've not gotten to a level of achieving your goal of accumulating for 4-10 years depending on the time frame you have set for yourself and your own definition of long term holding, a newbie doesn't have any business with diversification that would mean that you don't have confidence in Bitcoin investment and you will definitely have a divided attention. Right now that I'm in my accumulation stages I don't feel like I have any reason to be thinking about diversification. Instead should be thinking about continuous accumulation and going crazy with aggressive accumulation.
Sure yeah, diversification is not bad in its form, but the time you're setting for a person to start thinking of diversification does not seem right. This is because 4 to 10 years of bitcoin accumulation still look fresh and someone would hardly attain over accumulation within that short period to start thinking of withdrawal and diversification. Anyone who truly understands bitcoin investment would know that 4 to 10 years of bitcoin investment, is not enough to start selling off your bitcoin for diversification. Ok, over accumulation depends on individuals, yeah. But a whale investor with a higher DCA allocation per period of time, so long as he's still actively in service, his over accumulation would definitely be so high that even 10 years would still not be enough to attain that height likewise the average and low income investors.
I also agree with you in not diversifying into shitcoins for so many reasons which basically means that diversifying into shitcoins is usually gambling which is not advisable to be done with money you have taken a long period of time to gather. Real estate would be a better option for diversification as it's nearly stable and increases with time.
If you're on Bitcoin investment for the long term you will understand that there's no reason to worry about current price. When it dip you can increase your accumulation, when it recovers and rallies you're in profit, it's a win win for you. This is why DCA method is highly recommended for investors that have long term investment goals, keep buying till you reach your future target.
You always have to plan your BTC investment long-term Even buying short-term can yield profits if market conditions turn in your favor That's why buying moderately is a win-win situation in the best investment in the world BTC.You contradict yourself here. You can't be for long-term and short term at the same time. Bitcoin investment is a long-term project. Anything about short term buys is gambling known as Trading. Market volatility will always create an intermediate gain during which Traders who claim to be investors tend to sell off their bitcoin stash because they feel they've made their profits.
This is risky since it's a two way thing, there are chances of never buying back cheaper or buying back at higher prices there by running at loss. Don't allow that Mark enticement to ruin your bitcoin journey. Bitcoin is currently observing corrections, not many investors who bought at $109k would endure this period instead they are selling off already. This is risky because bitcoin is self regulated and can have a serious upward trend at any moment.