I'm thinking and believing that there are guarantees for future rewards
profits is not guaranteed when investing in bitcoin in the long term but we have the positive mindset that we can be profitable in future since we are buying currently and will hodli for long because the odd of bitcoin price going uptrend is higher than downtrend based on history and bitcoin is still in her early stage.
This is the main reason why you are to invest with the amount of money that you can afford to lose and also set up other streams of income so that you don't plan to depend solely on your bitcoin invesment in future because the future is unpredictable and if bitcoin price goes against you, you will not feel disappointed and end up in regrets all the days of your life.
If you ONLY invest in bitcoin, then you are running a risk, yet truly anyone who is brand new to investment, then they are likely better off to focus on investing into bitcoin first, and build it up for a whole cycle or two, and then maybe at some point consider the extent to invest into other assets besides bitcoin and cash.
Surely there are some folks who come to bitcoin and they already have other investments, and so they can choose to keep some of those investments going or they can put everything into bitcoin and cash or they might have some other way or reallocating their investments that are in the investment portfolio.
These are not easy questions to answer since there are a lot of uncertainties in life, yet each of us is responsible for our allocation choices, whether they include bitcoin and/or other assets and how much of each, if any. Many of us purposefully choose to allocate decently high into bitcoin since we consider it to be amongst the best, if not the best, assets that is currently available to anyone and everyone. .. and at the same time, it is not guaranteed.. so we have to make choices and we will suffer the consequences for any choices we make that involves either our acting to buy bitcoin or our failure to act... and our choice to act to buy bitcoin does not have to be all or nothing, since we can choose the way we go about accumulating bitcoin (if we go down that path) and our position size, too.
Deciding to invest in Bitcoin alone or as part of a diversified portfolio is quite complex. It's advisable for newbies to first get started with Bitcoin as this can be a strategic way for them to first gain experience and insight into the crypto market. And if they're able to accumulate Bitcoin and build their portfolio for the next one or two cycles, they must've already developed a solid strategy that'll enable them reach their financial goals in Bitcoin investment, and then they can reassess and consider diversifying into other assets.
And for those who already have an existing investment, their decision to allocate to Bitcoin or maintain their current portfolio is completely dependent on their individual financial goals, as well as their risk tolerance. Some folks might decide to rebalance their portfolio to include Bitcoin, and others may decide to choose maintaining their already existing investments, it all comes down to what the individual thinks is best for their financial goals.
Another very essential point that a lot of folks fail to take note of is the fact that Bitcoin investment doesn't really have to be an all or nothing proposition. It's okay if investors choose to allocate a portion of their portfolio to Bitcoin while still maintaining other investments too. This is a very good approach that allows for more flexibility as well as risk management, and also enabling investors to adapt to the potential changes in the market conditions...