Ninjastic
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Board Nigeria (Naija)
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Re: Balancing Financial security and Bitcoin Accumulation
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Gost ms
on 30/07/2025, 04:50:09 UTC
⭐ Merited by JayJuanGee (1)
Quote from: ZeroVinsonN on July 29, 2025, 04:45:06 PM
Quote from: IceLincoln on July 28, 2025, 11:26:33 PM
Quote from: Nightwatchmare on July 28, 2025, 07:27:48 PM
You folks shouldn't make it look like investing in bitcoin and investing in crypto isn't diversification because both assets can be converted into cash, but it is just advisable that we diversify into another asset class, such as real estate or selling of commodities, so that we can reduce volatility in our investments, and at some point we can depend on the money we will generate from real estate or selling of commodities to solve our expenses, and it will allow us to hold our bitcoin investment for a very long time because we will not be in a hurry to sell our bitcoin investments since we have multiple streams of income.
My friend investing in crypto and investing in bitcoin isn’t diversification. The fact that you think they’re different is wrong, bitcoin is a type of crypto and when you say crypto I guess you’re saying altcoins and shitcoins. They’re all in the same class just that bitcoin is more stable and is a store of value, it’s the first, and biggest of all cryptos.
So investing in bitcoin and investing in Ethereum or Solana is seen as one kind of investment which is crypto.
Diversification comes in when you invest in a different asset class or industries. A totally different kind of investment from the previous one is what is considered a diversification cause the major aim is to reduce risk and increase your potential returns.
Alot of people fail to realize that bitcoin is also a cryptocurrency, they seem to think it's different from cryptocurrency, bitcoin is basically the first cryptocurrency and every other altcoin that csme after were attempts to make a different version of it, some were even made to surpass bitcoin but they obviously failed in that endeavour as bitcon is still the biggest cryptocurrency out there, what has really set bitcoin aside from other cryptocurrency is it decentralised nature with no bank or government having any influence over it making it also the most secure cryptocurrency so anyone investing in bitcoin is also investing in cryptocurrency, to diversify would be to invest in other altcoins as well while already investing in bitcoin

We can never compare Bitcoin with all the other fraudulent coins in the market. There are many coins in the market where many people are getting scammed by investing. If we now call Bitcoin a cryptocurrency instead of Bitcoin, then it may not be right at all. Because then many will think that Bitcoin is also a fraud. It is never right to compare Bitcoin with all the other coins in the market. Bitcoin is the king of all coins. If you can hold your holding in the long term, then you can make a lot of profit. If you hold all the other coins in the market except Bitcoin and hold it in the long term, then you may face a lot of loss. For example, the price of all these coins is almost always stable. Always invest in Bitcoin in the long term and it will be right to call Bitcoin Bitcoin without confusing everyone.