Re: Balancing Financial security and Bitcoin Accumulation

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

Please you don’t have to mislead new investors here that Bitcoin is also cryptocurrency, in as much as as bitcoin is also a type of cryptocurrency, it can never be compared. You should understand that Cryptocurrency is more like a general term that enclose many digital currencies, like litecoin, Ripples etc which are called shitcoins or altcoin and most of the coins are correlated with bitcoin prices movement. Also understand that bitcoin being focusing on secure, and decentralized currency, that’s how other coin have their own features, and most of it out there are not to be trusted. So be more specific please, if you’re talking about Bitcoin.

You have to correct your statements regarding Bitcoin not been a cryptocurrency because it could mislead Newbies in the house. If I am correct you were trying to emphasize on if Bitcoin is also a cryptocurrency and if that's is it then your correct. Bitcoin was the first decentralized crypto currency that was created by Satoshi Nakamoto. Crypto currency is a generally used name for violatile assets and it could be very confusing sometimes to figure out which of the coins in specific you are talking about because shitcoins are also crypto currency. However Don't used crypto currency in general to defined Bitcoin,if it's Bitcoin then be specific that it's Bitcoin and if it's shitcoins,then specify by mentioning shitcoins so that we can all understand you better.
Secondly you're correct for saying Bitcoin cannot be compare to shitcoins or altcoins. Bitcoin has no comparison and cannot be compare to shitcoins because it's has performed more better than all the crypto coins combined over the years and its also the best performing asset in the world till date.Bitcoin is the king of all digital assets.

Bitcoin not being a crypto currency is a way of minimising the publicity of the term "cryptocurrency" while fostering the popularity of Bitcoin. Generally, the term Cryptocurrency sounds like scam due to the impression already created by altcoins, shitcoins and Airdrops among many investors especially the newbies who wrongly invested in them. Using the Specific nomenclature Bitcoin" could reduce the phobia among newbies who have been victims of the extreme volatility and crashes of shitcoins. The reputation built by bitcoin is not supposed to be misconceived as other shitcoins which is the point @ZerovinsonN was trying to emphasize.

Bitcoin introduction and terms usage greatly matters when information a beginner about bitcoin since a little misconception or can sweep the beginners off the pace leading to increased panic response to bitcoin Volatility should they eventually invest in bitcoin.