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 believe it won't really be a good idea for an investor especially a low coiner to begin to think of diversification at the early stage of there investment. Also talking about business owners before they begin to think towards invest into bitcoin they should be able to know whether they have discretionary income to invest with. Without discretionary income investing in cryptocurrency will look more like gambling since they will investing with money that is meant for other purposes into bitcoin. So before an investor will think of diversifying into bitcoin or any other assets they should be able basic knowledge of the asset they want to invest in and also the risk involved since it isn't a good idea to diversify into asset that correlate with each other. For example investing in bitcoin and then diversifying into shitcoin. To me this is not diversification since bitcoin tends to correlate with bitcoin.