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.
I completely agree that it is misleading for new investors to think too much about diversification. As soon as they enter the market, many people think that diversification is a 'smart strategy' and spread their money across multiple assets. If they do not have the right knowledge or experience, they will not understand how risky it can be at the beginning of investing. When a new investor diversifies without having a clear idea of the risks and profit potential, he loses control of his portfolio and every small change makes him mentally weak.
Suppose a person started investing and diversified quickly. He divided his money into small parts and started investing in different types of assets. As a result, due to the spread of his portfolio, he gets worried whenever the price of any asset decreases and loses control over his investment. His mental stress increases and he becomes confused in making decisions.
On the other hand, another person who started investing only in Bitcoin regularly uses the DCA method. In this method, he started investing in small amounts over time, so he did not have to panic during market fluctuations. He has gradually continued his portfolio. His mental stress was low, so he did not have to make excessive decisions and he did not have to be confused when the market went up and down.
Now the question comes, when should I diversify? Diversification is certainly good. But there is a right time for everything.
In my opinion, the first goal of beginners should be to build their capital. Bring regularity to investments, and gain experience in understanding the market. Then first he should invest in reliable assets, in my opinion that is Bitcoin. He will gradually invest in Bitcoin in the long term using the DCA method. When his investment range is large, that is, when he can build a significant amount of savings, then he can move towards diversification. Because then he will have the ability to continue investing well in different assets and deal with risks. So I would say be patient, increase your experience, continue investing regularly, strengthen your financial base and then move towards diversification. So, not rushing, right time, right decision is the identity of a mature investor.