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.
Newbies don't need to diversify since they still need to accumulate a lot of Bitcoin stash to their wallet. They can diversify in the nearest future but not at starting point of investment. Because that will cause distraction. They need to accumulate a much as possible before even thinking of diversification. Those newbie that started diversifying into different asset together with Bitcoin end up becoming confused or where unable to buy and hold some amount of tangible starsh. Bitcoin is volatile and should be focused on and not diversifying.
focus on the present and future because will keep rising and other cryptocurrencies.
We are not talking about cryptocurrency here but Bitcoin precisely. I guess you don't even know what you are referring to, if it's Bitcoin or altcoin.
Right, there is no need to diversify for beginners when starting Bitcoin investment. If they want to diversify at the beginning of the investment, they will face various confusions, which may make investing in Bitcoin seem like a hassle to them. There is no need to take extra knowledge or time to start investing in Bitcoin. Basically, it is important to have a certain prudent income. Continue investing with a long-term plan in mind. It is much easier to manage an investment for a long time if a special fund is created keeping in mind unknown dangers in the future. We are ignorant about the future, so investing quickly and being patient for the right time can lead to success.