Newbies don't need to diversify since they still need to accumulate a lot of Bitcoin stash to their wallet. They can diversify in the nearest future but not at starting point of investment. Because that will cause distraction. They need to accumulate a much as possible before even thinking of diversification. Those newbie that started diversifying into different asset together with Bitcoin end up becoming confused or where unable to buy and hold some amount of tangible starsh. Bitcoin is volatile and should be focused on and not diversifying.
Exactly, focusing on investing in one asset is better than having to divide it by buying other assets, after all what asset is better than Bitcoin (BTC)? i dare say Bitcoin is always the best choice if you want to invest, so you don't need to bother yourself by looking for better assets to invest in, because if you understand the potential and benefits of Bitcoin in the future, you will not think of any asset other than Bitcoin (BTC).
There are many people who think that the current price of Bitcoin is too high, they are not thinking about the future, they are only worried about the short-term price, but if they had thought a little about the possible future of Bitcoin and followed the opinions of Bitcoin experts, they would definitely have invested without considering the price. Those who think that today's price is too high and are waiting for the price to drop, they will regret it in the future, because Bitcoin can go far beyond this level in the future, which is why they will regret for not investing at this price. Bitcoin is gaining widespread acceptance in the current world, everyone is accumulating Bitcoin as much as possible according to their ability, so the price of Bitcoin may increase greatly in the future, so every investor should continue to invest based on long-term prospects without worrying about short-term price, then this can definitely bring him very effective results.
Declines like this are normal in the market, because every time there are always holders who sell and buy, however, if you are bothered by it, then it is certain that you are a trader
(speculator), because investors don't really care about small declines like this, they are more concerned about how to accumulate more Bitcoin (BTC) for future preparation, because they know in the future the price of Bitcoin (BTC)will exceed anyone's expectations at this time, only those who really understand will understand its potential in the future.