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Quote from: Regardme on Today at 07:44:43 AM

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.
But if you are hell bent on diversification, then it should only be considered when you have gotten to that over accumulation status, 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.

If by diversification you mean taking capital or profit to buy altcoins/shitcoins then you're getting it wrong, Bitcoin is decentralized and it has potentials to always reach ATH, something that shitcoins are not. Bitcoin is a store of value that has proven that it'll continue to be profitable to it's holders on the long term and that is why it's advisable not to worry about short term dump and pump.

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.

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.

Diversification is likely something that guys have to do at some point down the road to both protect their investment and then to serve as various kinds of extra back up funds... and yeah, usually diversification is across sectors rather than within the same sector.

It can be difficult to know exactly at what point a person might need to start to consider diversifying.. perhaps when there bitcoin is one year of their expenses and their back up funds are starting to exceed 4 months of their expenses? There can be various thresholds in which diversification starts to make sense, but it is not a good practice for beginners unless they might already have around a year or more of their expenses to invest.

Quote from: Derekfunds on Today at 04:06:25 PM

Quote from: Regardme on Today at 07:44:43 AM

Quote from: abaeze on Today at 02:13:01 AM

Even 15 years ago, we only thought based on assumptions and research that how a new technology affects people and how people accept it, but those ideas are now being implemented in reality, especially in the crypto ecosystem or in the case of Bitcoin, various large corporate business organisations, investors and ordinary users of the world have entered a game and are following each other, and this decision is gradually making Bitcoin more acceptable to the common people and making Bitcoin a pioneer.This is called game of theory where one person's decision affects another.

Now new investors have learned how small investments can become large at a time.They have also understood that they have to take risks consciously and not by imagining, and not a large part of their income or bonus, but that part is investable, which if lost will not disrupt their lifestyle. Now they have also understood that investment is never a matter of emotion, but it is a matter of planning. Many people may still be regretting why they didn't invest in Bitcoin two-three years or five years ago. My advice to them is that now is the time, buy and keep buying, be patient, one day you will get good profits from it and BTC will become a future asset.

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.

Please don't mislead newbie on this matter of diversification because newbie should stay off from diversification because it is to early for them to think or have a thought about it instead they should give maximum attention to accumulating and holding using the DCA method which is term the best and most convenient method as long as Bitcoin investment is concerned. Moreover, diversification is not bad but starting when it is too early is not good, at least one ought to have grow his or her portfolio before having a thought on diversification so that they won't get distracted and diversification should not done in Crypto since we are already investing in Bitcoin.

Yep... Another reason that Regardme does not seem to know what he is talking about since he seems to be considering diversification as a way to grow your investment portfolio rather than as a way to attempt to protect it and to preserve its value, which means that you don't need to diversify until you have gotten some level of growth or maybe you have been investing into bitcoin for 4-10 years or longer and even if bitcoin had not grown as you had expected/hoped, you still might need to start to diversify at some point after you had put so much value into one location.

so many new investors always rush into altcoins thinking that they will find the next big thing they forget that Bitcoin is already the big thing, its stood the test of time through crashes and recoveries and it still here leading the market. the diversification is the only meaning after you have built a nice Bitcoin foundation and trying to diversify too early especially into risky coins just spread your capital thin and divides your mindset Accumulation suppose to be your main objective, build that base can stay consistent and understand the long term principle on DCA , patience and education that's the strategy