Re: Buy Buy Buy or Sell Sell Sell?

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.

It’s clear and I agree with you about what should be the primary aim of an investor who wants to diversify into other sectors, the primary aim should be directed towards risk reduction and not just a way to grow investments portfolio. And anyone who is diversifying should try to spread his investments across a different sector and not engaging in what’s similar to the investment currently ongoing . By so doing, you’re trying to mitigate or reduce the impact of risk or downturn in any of the category or sector and at the same point enabling a more stable returns over time.
Further more, a newbie into bitcoin investment shouldn’t think of diversifying yet, he or she doesn’t have any business in diversification as the focus should be to consistently accumulate bitcoin and grow his portfolio to a point of over accumulation, perhaps 2-3 cycles of being a Mainstay in bitcoin accumulation.

Cut

To me I don’t think there is any reason to diversify to anything except to continue buying and accumulating my bitcoin and stacking more and more, I don’t think there is any reason for me to be hesitant in terms of accumulating more instead I will be looking for a possible way of being aggressive, whoever that want to diversify and then thinks that giving shitcoins a try is totally a bad idea to me because even shitcoins depends on Bitcoin to thrive so why do I have to diversify on something that depends on what I have been investing, instead I will
Prefer to get started and continue buying and accumulate bitcoin consistently, which I also think that it will make me look like I don’t have enough trust in Bitcoin to be thinking about diversifying when I’m still in my bitcoin accumulation stages and all this talk of diversification would definitely get me distracted along the line, then I will prefer to focus on stacking up Bitcoin consistently and hodl.

Well even though we are proclaiming to buy Bitcoin to an extent of overacumulation stage or some circle before diversifying, don't Also forget that diversification ability depend upon your level of discretion. Mr A may have discretion amount that can sustain Both Bitcoin and diversifying into other assets, while Mr B may only have the discretion to invest only in Bitcoin for a long term before thinking of diversifying into other asset. Let us get the fact clear that there is nothing wrong diversifying earlier into other asset like 1 to 2 years of your Bitcoin journey or less provided you are capable to do both. And mean while diversification does not really mean that it must be on meme or shitcoins. Of course that is not what we are talking about here. An investor may be investing into Bitcoin and has enough discretion and opportunity to buy land at a cheap or distress rate may come up, and such investor may buy it knowing true well that the location of the land will be useful for future investment and such investor will buy it and still continue with his Bitcoin accumulation, and that will not deprive him of meeting up his target in the long run.

It might be wrong to be emphasising on diversification within 1 to 2 years earlier in to Bitcoin accumulation the reason being there are large number of investors that can not do both which of course it can be regarding if anyone can be thinking in that direction of diversification when when they are quite too early in to their Bitcoin, the idea of not diversifying too soon is mostly advice here because majority can not be be able to have their way in to doing both without messing things up and such proclamation is to ensure an equal opportunity of going in line with a good Bitcoin investment practices.