When some of have one particular business they do relies on that particular business, not knowing that having a particular without spreading business to different categories it may brings income collapse to the person
Some of us like manual business, which is our traditional business, but I want a condition whereby we spread our business to cryptocurrencies, such as Gold investment and Bitcoin investment, and Bitcoin investment, investment 55% on bitcoin, 30% on Gold investment, 15% on altcoins investment, I think if we spread our investment in this way we most surely profit in future
What I mean is that, the investors should not concentrate on a particular investment, else the may experience a bankrupt in the future if their business is not functioning properly.
I will first all say that the title of the topic does not correspond well with what you are trying to say, but I assured you that all you said here in the body of the op post is the truth.
Most problem we have these days financially is due to lack of diversification, because if your money is spread across different asset, their is a higher probability that you will still be financially stable if anything happens to one or two of your investment.
I have seen so many civil servants that were earning like eight to ten million naira monthly during their working days goes back to square one because after retirement, they failed to invest proper, and most of them didn't even invest at all talkless of spreading their investment, what they just did was building a house for themselves, that's all, forgetting that a house is not a source of income, it's an asset that gives slow returns, am not saying that building a house is wrong, but building a income streams of different types are more important because you can easily build a house from that source, than spending it all on building alone.