Buy Buy Buy or Sell Sell Sell?

[Futurexxx]

To diversify is also important but it depends on the way at which the diversification is taking place, some persons just have the mentality of diversify because they see others doing it without checking on themselves if they are fit to diversify, remember when you diversify you are protecting your initial investment from collapsing in future, the way you manage your investment matters a lot
As a new Bitcoin investor it is a wrong idea to reason diversification at your early stage of accumulation until you have gotten to a certain stage which you feel you can diversify, but if you are struggling to accumulate your portfolio, you are not doing well financially, it is adviceable not to diversify but keep accumulating until you can afford diversifying so that you don't end up losing both your already existing investment and your need investment.

Truly diversification is never a bad thing, it's a great idea because you are trying to not just  protect your asset but you are trying to increase it from other source, the major problem about diversification is how is being done, that's where the problem lies.
You can't just start buying alt or meme coin and call that diversification away from Bitcoin, that's financial suicide, because those crypto can't replace Bitcoin, but if you are diversifying into real estate or gold it sounds logical, not alt or meme that falls more than they rise.
Furthermore, before diversifying into other reliable asset like gold, land and real estate you need to be stable in your Bitcoin investment first before thinking of other asset because too much distraction might limit the growth of any of them.

[Derekfunds]

Investors are not focused on profits, and likely they presume profits, yet if they are holding an investment for 10-15 years or longer, before they start to sustainably withdraw from it, then sure, they likely are presuming that they would be in profits by the time they are starting to sustainably withdraw from their BTC stash.

Before I use to feel same way that investor focuses on profit but your reply has made me have a second thought that if Investor focuses on profit then there is no much or no difference between them and traders because traders focuses on profit whether immediate or later time. Moreover, any investor who focuses on profit will definitely derail along the line because sometimes the market can not give them what they expect. Yes the main aim of every Bitcoin investor is to make profit but not to focus on it but rather invest regardless and hoping for a better tomorrow.

And, so if they are withdrawing from their bitcoin stash at a rate of 4% per year or 10% per year or some variation of that, they are likely just using their bitcoin as a form of side income, and the value of their bitcoin stash may well be gaining in value faster than their withdrawal rate, which it part of the reason that their withdrawal systems woudl be considered as being "sustainable" and perhaps able to perform perpetually, whether they are living 20 years longer, 50 years longer or some other period of time that they are withdrawing from the bitcoin at their calculated sustainable rate of withdrawal.

You are right, it is absolutely a side income hustle and it is somehow a nice strategy but come to think of it, the 4% those investors are withdrawing per annum, what are exactly are they using it for? Because it is better to be investing and holding than to invest and be taking some cent out as fiat, anyways 4% is somehow okay but 10% is kinda big to be removing per year as an investor that haven't gotten to an overaccumulation stage.

Many of us recognize and appreciate bitcoin as amongst the best of investments currently available (if not the best investment currently available).

Yea, so far I think Bitcoin is the best investment as it stance and we can see how countries, institutions, Government etc are investing into Bitcoin because of the potential they see in Bitcoin in years coming.

[Nheer]

To diversify is also important but it depends on the way at which the diversification is taking place, some persons just have the mentality of diversify because they see others doing it without checking on themselves if they are fit to diversify, remember when you diversify you are protecting your initial investment from collapsing in future, the way you manage your investment matters a lot
As a new Bitcoin investor it is a wrong idea to reason diversification at your early stage of accumulation until you have gotten to a certain stage which you feel you can diversify, but if you are struggling to accumulate your portfolio, you are not doing well financially, it is adviceable not to diversify but keep accumulating until you can afford diversifying so that you don't end up losing both your already existing investment and your need investment.

Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

[Zanab247]

There are many who invest in Bitcoin at the time of dumping. They may see some profit at first, but they will also see dumping. It is up to the investors to decide how much profit they want to get from their investment. Or they can sell it at the price they want and be patient and hold it for a long time. I have seen many investors who invested in Bitcoin at a very low price but they could not hold Bitcoin for a long time because they were always in a state of panic after investing. On the other hand, skilled investors are the opposite compared to beginners because they know very well how profitable Bitcoin is, so they are able to hold it for a long time.

Those who are real Bitcoin investors make a plan before investing in Bitcoin, according to the design of their plan, they are able to hold Bitcoin. Without a plan, no person will be able to hold it for a long time, so if the investor is able to hold it for a long time correctly and according to the plan, then he will definitely be successful in the investment.
And to invest for a long time, the investor must follow the DCA method, then the investor will be able to hold the Bitcoin investment for a long time according to the plan. Bitcoin investment should be permanent not only for one or two years but for ten years in the future, or the investor will hold the Bitcoin according to the plan.

It is your plan that will make you to follow the right direction that will lead you to success when you are about to release your BTC. Some of the investors hodling their BTC for long years before they can sell to earn massive profits, plan it some years ago before they have the courage to hodl BTC till bull run.

DCA method is a good method you can employ during the bear or bull market to accumulate plenty of BTC and hodl for long years, but you have to be financial buoyant, because you can buy BTC in the bull run or bear run when you have the money, and you will not regret in using such method to accumulate BTC.

[Jostern]

To diversify is also important but it depends on the way at which the diversification is taking place, some persons just have the mentality of diversify because they see others doing it without checking on themselves if they are fit to diversify, remember when you diversify you are protecting your initial investment from collapsing in future, the way you manage your investment matters a lot
As a new Bitcoin investor it is a wrong idea to reason diversification at your early stage of accumulation until you have gotten to a certain stage which you feel you can diversify, but if you are struggling to accumulate your portfolio, you are not doing well financially, it is adviceable not to diversify but keep accumulating until you can afford diversifying so that you don't end up losing both your already existing investment and your need investment.

Truly diversification is never a bad thing, it's a great idea because you are trying to not just  protect your asset but you are trying to increase it from other source, the major problem about diversification is how is being done, that's where the problem lies.
You can't just start buying alt or meme coin and call that diversification away from Bitcoin, that's financial suicide, because those crypto can't replace Bitcoin, but if you are diversifying into real estate or gold it sounds logical, not alt or meme that falls more than they rise.
Furthermore, before diversifying into other reliable asset like gold, land and real estate you need to be stable in your Bitcoin investment first before thinking of other asset because too much distraction might limit the growth of any of them.

Before I usually find it difficult to diversify at some point, because I usually think about the circumstances involved in managing different things and different situations, My Bitcoin journey in a little while I must say is a revelation to me, because at some point I’ve been very active with some other business before coming into Bitcoin and that was a cornerstone to building my Bitcoin portfolio which I must say there have been grate deal to management my bitcoin investment, there have been some folks who have been in Bitcoin in a short time but have been able to accumulate enough bitcoin and they have been concentrating only on bitcoin that is to say that some people Bitcoin is there way of diversification which have been a major part of there success.

Perhaps at some point I want to diversify I can think about diversification into Some properties, most likely a real estate investment and also investing in gold as well which I think it’s a grate assets as well and some diamonds and some stocks as well, and I can decide to go into some businesses. But i wouldn’t appreciate diversifying into shitcoins or any altcoin which I know that there is no guaranteed foundation for altcoin which depends on Bitcoin to thrive why do I want to invest in that, that would be a catastrophe.

[Proty]

To diversify is also important but it depends on the way at which the diversification is taking place, some persons just have the mentality of diversify because they see others doing it without checking on themselves if they are fit to diversify, remember when you diversify you are protecting your initial investment from collapsing in future, the way you manage your investment matters a lot
As a new Bitcoin investor it is a wrong idea to reason diversification at your early stage of accumulation until you have gotten to a certain stage which you feel you can diversify, but if you are struggling to accumulate your portfolio, you are not doing well financially, it is adviceable not to diversify but keep accumulating until you can afford diversifying so that you don't end up losing both your already existing investment and your need investment.

Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

Yes what you said is truth because there are investors who are finding it difficult to build of there portfolio so talking about diversification when they are still struggling to have a good holding is not really a wise idea .In other for them to be able to position there bitcoin holdings in best position they focus on accumulating bitcoin and shun the idea of diversifying since they are limited by cash to do so . however there are investors despite being new into bitcoin investment but they have the financial muscle to diversify they can do so after 1 or 2 yrs of accumulating bitcoin or after one bitcoin cycle.

[CageMabok]

Yes what you said is truth because there are investors who are finding it difficult to build of there portfolio so talking about diversification when they are still struggling to have a good holding is not really a wise idea .In other for them to be able to position there bitcoin holdings in best position they focus on accumulating bitcoin and shun the idea of diversifying since they are limited by cash to do so . however there are investors despite being new into bitcoin investment but they have the financial muscle to diversify they can do so after 1 or 2 yrs of accumulating bitcoin or after one bitcoin cycle.

Investors who are aware of their financial strength and capabilities will definitely choose a wise path in carrying out their investment efforts in Bitcoin, one of which is as you said, namely accumulation before the investor is truly established and strong enough in terms of finances. Because for this diversification, it is actually not a loss to know it early even though it is not yet time for the investor to use the method in the near future. This means that every method that can be used and is indeed worth trying because there is convenience in it, I think it needs to be known immediately even though it is not used immediately, but it will be useful in the future.

[JayJuanGee]

To diversify is also important but it depends on the way at which the diversification is taking place, some persons just have the mentality of diversify because they see others doing it without checking on themselves if they are fit to diversify, remember when you diversify you are protecting your initial investment from collapsing in future, the way you manage your investment matters a lot
As a new Bitcoin investor it is a wrong idea to reason diversification at your early stage of accumulation until you have gotten to a certain stage which you feel you can diversify, but if you are struggling to accumulate your portfolio, you are not doing well financially, it is adviceable not to diversify but keep accumulating until you can afford diversifying so that you don't end up losing both your already existing investment and your need investment.

Truly diversification is never a bad thing, it's a great idea because you are trying to not just  protect your asset but you are trying to increase it from other source, the major problem about diversification is how is being done, that's where the problem lies.

Yes there are times when diversification is completely retarded (so I would say that in those situations, diversification is a bad thing in certain situations).  And, diversification tends to be something to protect your assets once they are grown rather than trying to grow your assets.. Diversification does not make much sense as a reason to "grow your assets" unless you have the mindset of a trader, a gambler or someone who does not know what the fuck they are doing, so therefore you diversify in order to hedge your bets because you do not have confidence in your investment (in the topic of this thread, bitcoin).

You can't just start buying alt or meme coin and call that diversification away from Bitcoin, that's financial suicide, because those crypto can't replace Bitcoin,

Yes, diversifying into shitcoins is retarded, even though very smart people might come to a conclusion that it is good to diversify beyond bitcoin because they do not really know how bitcoin differs from shitcoins.

but if you are diversifying into real estate or gold it sounds logical,

Sure, gold and/or real estate are better investments than shitcoins, but it does not mean that it is a good idea to fuck around with them until perhaps at such point that a person might have had built up his wealth.

Sure, there might be some folks who come to bitcoin and they are already involved in real estate, gold, other commodities, stocks, bonds, and perhaps some other categories of investments, so they might have difficulties reallocating out of those investments, so they might even prefer to stay in those other investments and just add to their investment portfolio with bitcoin... Someone who might already be starting out with various other investments might choose to stay with those other investments or perhaps the more logical choice would be to little by little sell out of their other inferior investments and put that value into bitcoin, yet even if they reallocate out of various non-bitcoin investments and put that value into bitcoin, they might purposefully choose to engage in such reallocation in a systematic way.

not alt or meme that falls more than they rise.
Furthermore, before diversifying into other reliable asset like gold, land and real estate you need to be stable in your Bitcoin investment first before thinking of other asset because too much distraction might limit the growth of any of them.

You likely have the right ideas in regards to these points, since their is distraction (or dilution) of time, energy and/or value that might be better focused on building up bitcoin and cash first, before expanding out, and even with gold, land and/or real estate, there are a lot of problems with those as investments as compared with bitcoin, so even if a person does choose to keep some of those investments, then he might want to figure out ways to limit his exposure to those inferior investments.

I frequently suggest that guys should not keep any more than 10% of the size of their bitcoin investment into gold, yet surely there are a lot of guys who are distracted by that shiny rock and wrongly believe that it is even close to as valuable as bitcoin, both in terms of sound money attributes and in terms of future value.. and bitcoin is going to continue to eat gold's lunch both in terms of actual fundamentals but also in terms of bitcoin having an unfair advantage of being in its earliest of adoption phases..  Similar arguments can be made regarding the inferior position of land and/or real estate as compared with bitcoin, so hopefully, we won't be wasting too much time, energy and/or money trying to act as if land and/or real estate is even close to as valuable as bitcoin.

Investors are not focused on profits, and likely they presume profits, yet if they are holding an investment for 10-15 years or longer, before they start to sustainably withdraw from it, then sure, they likely are presuming that they would be in profits by the time they are starting to sustainably withdraw from their BTC stash.

Before I use to feel same way that investor focuses on profit but your reply has made me have a second thought that if Investor focuses on profit then there is no much or no difference between them and traders because traders focuses on profit whether immediate or later time. Moreover, any investor who focuses on profit will definitely derail along the line because sometimes the market can not give them what they expect. Yes the main aim of every Bitcoin investor is to make profit but not to focus on it but rather invest regardless and hoping for a better tomorrow.

And, so if they are withdrawing from their bitcoin stash at a rate of 4% per year or 10% per year or some variation of that, they are likely just using their bitcoin as a form of side income, and the value of their bitcoin stash may well be gaining in value faster than their withdrawal rate, which it part of the reason that their withdrawal systems woudl be considered as being "sustainable" and perhaps able to perform perpetually, whether they are living 20 years longer, 50 years longer or some other period of time that they are withdrawing from the bitcoin at their calculated sustainable rate of withdrawal.

You are right, it is absolutely a side income hustle and it is somehow a nice strategy but come to think of it, the 4% those investors are withdrawing per annum, what are exactly are they using it for? Because it is better to be investing and holding than to invest and be taking some cent out as fiat, anyways 4% is somehow okay but 10% is kinda big to be removing per year as an investor that haven't gotten to an overaccumulation stage.

A 4% withdrawal rate is typically discussed for folks who want to sustainably withdraw from their investments and to live off of their investments, and it is standardly used in finance accross various acceptable standards.. Of course, with any determined withdrawal rate, in order for it to be sustainable, the underlying asset(s) need to appreciate on average at a higher rate than the withdrawal rate, otherwise the withdrawal rate is not sustainable.

I personally believe that there are ways to create formulas to withdraw bitcoin at a 10% withdrawal rate, using the 200-WMA as a way to valuate your BTC holdings and then withdrawing within systems that are cognizant of the BTC spot price compared with the 200-WMA.  I describe a lot of those kinds of ideas in my thread and with the guidelines of a withdrawal tool... (even though I know that there are aspects of my thread and also aspects of the withdrawal tool that I should update), yet of course, we should keep in mind that if anyone is not sure if his withdrawal rate is sustainable, it is better to error on the side of a more conservative withdrawal rate rather than withdrawing too much too soon and overly depleting his BTC holdings.

Many of us recognize and appreciate bitcoin as amongst the best of investments currently available (if not the best investment currently available).

Yea, so far I think Bitcoin is the best investment as it stance and we can see how countries, institutions, Government etc are investing into Bitcoin because of the potential they see in Bitcoin in years coming.

Part of the problem for regular people is that they do not recognize and/or appreciate that governments, institutions and even status quo rich folks are going to end up front running them and causing the BTC price to go up higher and higher and higher, so many normies are going to end up having to buy bitcoin at higher prices later down the road , so anyone who is both informed about bitocin and also acting upon such information to build up their bitcoin holdings, are going to be advantaged over the overwhelming majority of normies who have hardly no fucking clue in regards to what is happening and the better position they would get themselves in to figure out and deploy some kind of a bitcoin accumulation strategy.  Many normies might have had heard the word bitcoin and assume that they know what it is, but they have hardly any clue and they should both research into it and also put a bitcoin accumulation strategy into practice.. so that they will have more options in the future.

[edited out]

Before I usually find it difficult to diversify at some point, because I usually think about the circumstances involved in managing different things and different situations, My Bitcoin journey in a little while I must say is a revelation to me, because at some point I’ve been very active with some other business before coming into Bitcoin and that was a cornerstone to building my Bitcoin portfolio which I must say there have been grate deal to management my bitcoin investment, there have been some folks who have been in Bitcoin in a short time but have been able to accumulate enough bitcoin and they have been concentrating only on bitcoin that is to say that some people Bitcoin is there way of diversification which have been a major part of there success.

You seem to be thinking about diversification in terms of wanting to get involved in shitcoins, and that kind of gambling mentality is not correct.

Diversification is not a means to try to make more money, even though traders, gamblers and shitcoiners will frequently think about diversification in those kinds of ways.

Perhaps at some point I want to diversify I can think about diversification into Some properties, most likely a real estate investment and also investing in gold as well which I think it’s a grate assets as well and some diamonds and some stocks as well, and I can decide to go into some businesses. But i wouldn’t appreciate diversifying into shitcoins or any altcoin which I know that there is no guaranteed foundation for altcoin which depends on Bitcoin to thrive why do I want to invest in that, that would be a catastrophe.

Even if you are not considering diversifying into shitcoins, you still sound distracted, and of the belief that you are diversifying in order to try to make more money because you don't have confidence in bitcoin as your investment.

In the end, you can do what you like, including diluting your time, energy and value into assets that are likely inferior to bitcoin rather than focusing on building your bitcoin and cash holdings first.

[Tungbulu]

To diversify is also important but it depends on the way at which the diversification is taking place, some persons just have the mentality of diversify because they see others doing it without checking on themselves if they are fit to diversify, remember when you diversify you are protecting your initial investment from collapsing in future, the way you manage your investment matters a lot
As a new Bitcoin investor it is a wrong idea to reason diversification at your early stage of accumulation until you have gotten to a certain stage which you feel you can diversify, but if you are struggling to accumulate your portfolio, you are not doing well financially, it is adviceable not to diversify but keep accumulating until you can afford diversifying so that you don't end up losing both your already existing investment and your need investment.

Truly diversification is never a bad thing, it's a great idea because you are trying to not just  protect your asset but you are trying to increase it from other source, the major problem about diversification is how is being done, that's where the problem lies.

Yes there are times when diversification is completely retarded (so I would say that in those situations, diversification is a bad thing in certain situations).  And, diversification tends to be something to protect your assets once they are grown rather than trying to grow your assets.. Diversification does not make much sense as a reason to "grow your assets" unless you have the mindset of a trader, a gambler or someone who does not know what the fuck they are doing, so therefore you diversify in order to hedge your bets because you do not have confidence in your investment (in the topic of this thread, bitcoin).

Yeah, a lot of investors often have some sort of misconception of the concepts of diversification, especially when it involves Bitcoin. Those who are actually long term investors and have a strong conviction in the potential of Bitcoin, diversification is primarily considered as an effective way to mitigate risk once a significant Bitcoin stash has been built. The main reason why an individual would consider asset diversification as a strategic approach of growing their asset rather than protecting might be due to the fact that they really do not trust the asset or lacks that confidence in it and this is a typical example of how traders think.

Diversification in the context of Bitcoin can actually more relevant as an approach or strategy to manage certain risks that's associated with the asset when it has already reached a significant level of accumulation or have a sizable portfolio. That way, diversifying to other asset class may potentially lock in the profit they've already made from their accumulation (and not to make further profits) and also potentially reducing the exposure of the asset to market volatility.

And those investors who are still in their accumulation stage, Diversification is never the best option for them as this may potentially serve as a distraction for them rather then actually helping them as supposed, it is best that they focused more on consistent accumulation as this may be considered as a much better and effective approach when it comes to building one's Bitcoin stash. This strategy actually requires a kind of conviction in the long term potentials of the asset as well as the willingness to ride out market volatility.

[JayJuanGee]

[edited out]

Yeah, a lot of investors often have some sort of misconception of the concepts of diversification, especially when it involves Bitcoin. Those who are actually long term investors and have a strong conviction in the potential of Bitcoin, diversification is primarily considered as an effective way to mitigate risk once a significant Bitcoin stash has been built. The main reason why an individual would consider asset diversification as a strategic approach of growing their asset rather than protecting might be due to the fact that they really do not trust the asset or lacks that confidence in it and this is a typical example of how traders think.

Diversification in the context of Bitcoin can actually more relevant as an approach or strategy to manage certain risks that's associated with the asset when it has already reached a significant level of accumulation or have a sizable portfolio. That way, diversifying to other asset class may potentially lock in the profit they've already made from their accumulation (and not to make further profits) and also potentially reducing the exposure of the asset to market volatility.

And those investors who are still in their accumulation stage, Diversification is never the best option for them as this may potentially serve as a distraction for them rather then actually helping them as supposed, it is best that they focused more on consistent accumulation as this may be considered as a much better and effective approach when it comes to building one's Bitcoin stash. This strategy actually requires a kind of conviction in the long term potentials of the asset as well as the willingness to ride out market volatility.

I likely agree with your overall point in your last paragraph, yet I do not like the use of the term "never," even though you might be directionally and sentimentally correct to place such emphasis.

[Promocodeudo]

Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

This is what people don't understand, the word diversification should come in when you've gone to the level of your satisfaction in Bitcoin and even if you have too, you would have to weigh options before diversifying, when I said weigh options, I mean trying to know if what you are diversifying to is better or will be better than Bitcoin so that you go wasting your time while you are supposed to concentrate on Bitcoin alone, personally I keep saying it am not a fan of any altcoin out their, if one wants to diversify it should be in other stuffs, I know people will say it is not a nice idea for one to put all his eggs in one basket yea this may sound nice but how sure are you about the other basket that you want put or shield I say lay lay your eggs, how secured and trustworthy is that basket and how sure are that such basket will not get leakage in a shortwhile.

For me is always Bitcoin, I wouldn't decide for anyone but I won't stop telling individuals what I feel is right in this space but their individual decision surpass my advise but I can't give up on this because that's what I think is applicable here.

[Derekfunds]

Yes there are times when diversification is completely retarded (so I would say that in those situations, diversification is a bad thing in certain situations).  And, diversification tends to be something to protect your assets once they are grown rather than trying to grow your assets.. Diversification does not make much sense as a reason to "grow your assets" unless you have the mindset of a trader, a gambler or someone who does not know what the fuck they are doing, so therefore you diversify in order to hedge your bets because you do not have confidence in your investment (in the topic of this thread, bitcoin).

You are absolutely correct, JJG and I think you have really emphasize on this issue for some time now and yet someone people don't still get it and I think no matter how you talked on this issue people will still do what's on their mind but it will do them more good if they understand what you are saying because it will help them keep healthy investment by not been distracted with the issue of diversification. Even I want to diversify as an investor, I wouldn't diversify for the purpose of profit but rather I will diversify to have those particular asset in my possession.

You seem to be thinking about diversification in terms of wanting to get involved in shitcoins, and that kind of gambling mentality is not correct.

Diversification is not a means to try to make more money, even though traders, gamblers and shitcoiners will frequently think about diversification in those kinds of ways.

Absolutely that is what Jostern was doing and I think traders and investors has different motive of diversifying even though it may be for profit making because definitely one can not diversify in a constant or stagnant asset but I believe the core aim or reason why traders diversify is to reduce there risk in the sense that if they first venture into something they don't really trust they will look for other ways to diversify so that, should in case the first one goes wrong the other ones won't and they believe it work that way but that is not completely true because sometimes all your diversification can go wrong there by increasing your loss instead of reducing it.

Bitcoin potential and what it has done in few years back is already an evidence of what it will hold tomorrow ( future), so even if an investor is diversifying I think it should not be or is not suppose to be same motive with that of a trader.

[AbuBhakar]

Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

This is what people don't understand, the word diversification should come in when you've gone to the level of your satisfaction in Bitcoin and even if you have too, you would have to weigh options before diversifying, when I said weigh options, I mean trying to know if what you are diversifying to is better or will be better than Bitcoin so that you go wasting your time while you are supposed to concentrate on Bitcoin alone, personally I keep saying it am not a fan of any altcoin out their, if one wants to diversify it should be in other stuffs, I know people will say it is not a nice idea for one to put all his eggs in one basket yea this may sound nice but how sure are you about the other basket that you want put or shield I say lay lay your eggs, how secured and trustworthy is that basket and how sure are that such basket will not get leakage in a shortwhile.

For me is always Bitcoin, I wouldn't decide for anyone but I won't stop telling individuals what I feel is right in this space but their individual decision surpass my advise but I can't give up on this because that's what I think is applicable here.

It's the same for people only focusing investing into gold first than people spreading their investments. For me, it's more safe to focus on something you really know and accumulate it for few years. Immediately diving into different investments just because you heard it's a good investment but you have no any other info about it is dangerous.

Having multiple investment also will divide your time. Instead of you only focus on learning more knowledge about that one particular investment, you will have information overload learning multiple type of investments.

Best strategy is focus on 1 investment first like bitcoin, accumulate it for few years while learning its pros and cons before you procede to altcoin investing. It's less-risk and less stress for a person doing that approach.

[Jostern]

Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

This is what people don't understand, the word diversification should come in when you've gone to the level of your satisfaction in Bitcoin and even if you have too, you would have to weigh options before diversifying, when I said weigh options, I mean trying to know if what you are diversifying to is better or will be better than Bitcoin so that you go wasting your time while you are supposed to concentrate on Bitcoin alone, personally I keep saying it am not a fan of any altcoin out their, if one wants to diversify it should be in other stuffs, I know people will say it is not a nice idea for one to put all his eggs in one basket yea this may sound nice but how sure are you about the other basket that you want put or shield I say lay lay your eggs, how secured and trustworthy is that basket and how sure are that such basket will not get leakage in a shortwhile.

For me is always Bitcoin, I wouldn't decide for anyone but I won't stop telling individuals what I feel is right in this space but their individual decision surpass my advise but I can't give up on this because that's what I think is applicable here.

It's the same for people only focusing investing into gold first than people spreading their investments. For me, it's more safe to focus on something you really know and accumulate it for few years. Immediately diving into different investments just because you heard it's a good investment but you have no any other info about it is dangerous.

Having multiple investment also will divide your time. Instead of you only focus on learning more knowledge about that one particular investment, you will have information overload learning multiple type of investments.

Best strategy is focus on 1 investment first like bitcoin, accumulate it for few years while learning its pros and cons before you procede to altcoin investing. It's less-risk and less stress for a person doing that approach.

We keep emphasizing about diversification, but I must say that it’s really not necessary for someone who is a low coiner who just entered into bitcoin, it’s just important to continue accumulating your bitcoin portfolio first and foremost instead of getting distracted at some point, mostly people who have a trading mindset are the fellows who at some point of there investment wants to have a different approach because they might probably not have trust in Bitcoin, but if you’ve trust in Bitcoin is better to continue accumulating and building your portfolio first then when you’ve tried to accumulate for 4-10 years then I think someone in that states can starting think about diversification and this diversifying shouldn’t be a motive of getting into shitcoin or anything gambling, And I also think diversification shouldn’t be a means of making money, most people who are profit oriented would think of diversification that way, but I would suggest to focus on accumulating Bitcoin and hodl.

[Futurexxx]

We keep emphasizing about diversification, but I must say that it’s really not necessary for someone who is a low coiner who just entered into bitcoin, it’s just important to continue accumulating your bitcoin portfolio first and foremost instead of getting distracted at some point, mostly people who have a trading mindset are the fellows who at some point of there investment wants to have a different approach because they might probably not have trust in Bitcoin, but if you’ve trust in Bitcoin is better to continue accumulating and building your portfolio first then when you’ve tried to accumulate for 4-10 years then I think someone in that states can starting think about diversification and this diversifying shouldn’t be a motive of getting into shitcoin or anything gambling, And I also think diversification shouldn’t be a means of making money, most people who are profit oriented would think of diversification that way, but I would suggest to focus on accumulating Bitcoin and hodl.

I largely agree to all you are saying, the only thing I mostly disagree on is the bold words in your statement, someone diversifying his or her investment doesn't mean that he doesn't have trust in Bitcoin or what ever investment he is into, the primary purpose of me diversifying if I wish to diversify is because I want to earn money across other asset like land, gold and real estate, not that I don't believe in Bitcoin and it potential.

[JayJuanGee]

Well I am not sure for others but for me I think investors especially new investors should focus on Bitcoin investment first and keep accumulating as much as they can because managing multiple investment requires a certain level of experience and financial stability. So before diversifying you should ensure that your investment goals are clear and won't be compromised. If it will be affected then it's better to prioritize accumulating more Bitcoin until you have achieved what you are set out to do or at least reach a certain level that won't be affect your goals.

No need to rush into diversifying, there is no deadline. You can always diversify when it's safer.

This is what people don't understand, the word diversification should come in when you've gone to the level of your satisfaction in Bitcoin and even if you have too, you would have to weigh options before diversifying, when I said weigh options, I mean trying to know if what you are diversifying to is better or will be better than Bitcoin so that you go wasting your time while you are supposed to concentrate on Bitcoin alone, personally I keep saying it am not a fan of any altcoin out their, if one wants to diversify it should be in other stuffs, I know people will say it is not a nice idea for one to put all his eggs in one basket yea this may sound nice but how sure are you about the other basket that you want put or shield I say lay lay your eggs, how secured and trustworthy is that basket and how sure are that such basket will not get leakage in a shortwhile.

For me is always Bitcoin, I wouldn't decide for anyone but I won't stop telling individuals what I feel is right in this space but their individual decision surpass my advise but I can't give up on this because that's what I think is applicable here.

I am not sure if I like your framing of the diversification idea Promocodeudo.  Sure you are correct that we should be building up our bitcoin holdings first, and perhaps solidifying our cashflow management and our back up funds, and so when we start to consider diversifying, we are not necessarily seeking some assets to cause our total investments to grow faster, but instead to perhaps offset some of the potential over exposure in bitcoin that might start to develop by ONLY having investments in bitcoin and in cash... and so we also might want to allow our cash portion to become larger, but we would rather have our cash portion to be working for us rather than ongoingly losing value, which can tend to be a problem when we are starting to hold too much of the value in cash, so then we might end up having 4-6 months in cash. 3 months in emergency funds, and then perhaps 1-3 additional months in various kinds of reserve funds that sometimes might be drawn upon... and so we might also want to have additional funds that we might want to draw upon besides the 4-6 months that are in cash and/or cash equivalents...

At the same time, maybe our investment into bitcoin might have gotten to 3 months at the time that our emergency funds were at 3 months, but then if our bitcoin is continuing to grow and maybe getting to 5-9 months or beyond from the mere amount that we put into bitcoin, yet bitcoin might have had also appreciated in value during the time that we were building it up, and so if we might have had been building our bitcoin holdings for 3-4 years, yet at the same time, our holdings might have gone up quite a bit in value...

So let's say that we have an income of around $30k per year, and we had been investing $100 per week into bitcoin for about 3.5 years since late 2021 or early 2022, and so maybe we might have had invested $18.5k into bitcoin, which is ONLY a bit more than half of our annual income, yet we had accumulated right around 0.522 BTC, and so we have gotten ourself to a pretty good place since the 0.522 BTC would have a 200-WMA valuation of around $25.2k, and a BTC spot price valuation of around $55k, so surely our whole BTC holdings is doing quite well and maybe we can assume that a various back up funds have been built up to 4 months or more, and so even though we might not quite be ready to start to diversify into any other assets, we still might start to consider at various points that we might be willing to potentially diversify, even though we could potentially put diversification off for another whole cycle and reconsider the matter of where we are at after an additional 3-4 years.. .and then reassess at that time.. and in the meantime, we just continue to invest into bitcoin at around $100 per week, unless there might be meaningful changes to our income and/or even to our discretionary income.

[edited out]

It's the same for people only focusing investing into gold first than people spreading their investments. For me, it's more safe to focus on something you really know and accumulate it for few years. Immediately diving into different investments just because you heard it's a good investment but you have no any other info about it is dangerous.

Having multiple investment also will divide your time. Instead of you only focus on learning more knowledge about that one particular investment, you will have information overload learning multiple type of investments.

Best strategy is focus on 1 investment first like bitcoin, accumulate it for few years while learning its pros and cons before you procede to altcoin investing. It's less-risk and less stress for a person doing that approach.

When you are focusing on bitcoin first, then sure some aspect is learning about bitcoin, yet the other aspect is learning about your own cashflow management, and perhaps even figuring out ways to potentially increase your discretionary income by increasing your income and/or decreasing your expenses. 

It can take a while to hone your cashflow management skills, and sure while you are honing your cashflow management skills you can also study bitcoin to the extent that you might need to get to know it better, including potentially learning wallet and/or UTXO management, since of course any of us should want to figure out ways to make sure our bitcoin is safe, and maybe the more bitcoin that we own, then perhaps the higher percentage of it we should be holding privately rather than holding it with 3rd party custodians... which is not really owning bitcoin in an empowering way, even if we might want to keep some exchange accounts active.

[Miles2006]

We keep emphasizing about diversification, but I must say that it’s really not necessary for someone who is a low coiner who just entered into bitcoin, it’s just important to continue accumulating your bitcoin portfolio first and foremost instead of getting distracted at some point, mostly people who have a trading mindset are the fellows who at some point of there investment wants to have a different approach because they might probably not have trust in Bitcoin, but if you’ve trust in Bitcoin is better to continue accumulating and building your portfolio first then when you’ve tried to accumulate for 4-10 years then I think someone in that states can starting think about diversification and this diversifying shouldn’t be a motive of getting into shitcoin or anything gambling, And I also think diversification shouldn’t be a means of making money, most people who are profit oriented would think of diversification that way, but I would suggest to focus on accumulating Bitcoin and hodl.

I largely agree to all you are saying, the only thing I mostly disagree on is the bold words in your statement, someone diversifying his or her investment doesn't mean that he doesn't have trust in Bitcoin or what ever investment he is into, the primary purpose of me diversifying if I wish to diversify is because I want to earn money across other asset like land, gold and real estate, not that I don't believe in Bitcoin and it potential.

Both view are actually right, the fact there’s a long duration investing in bitcoin it’s not bad considering other asset. Diversification is optional but before anyone should consider a second option he/she must have a balance portfolio that can withstand other asset meaning no distraction while investing. 4-10 years depends on an investor if they’ve accumulated much personally I don’t consider diversifying my asset presently, possibly in the future although it’s not advisable we invest 100% in bitcoin.

[Joy- maker]

Best strategy is focus on 1 investment first like bitcoin, accumulate it for few years while learning its pros and cons before you procede to altcoin investing. It's less-risk and less stress for a person doing that approach.

from my own perspective I we say you should focus only on one investing in bitcoin for at least a year bitcoin thinking diversifying your investment, because it is not really a good Idea to diversify your bitcoin investment at early stage of accumulation. Focus more on accumulating bitcoin consistently with your discretionary income to enable you accumulate good portion of bitcoin first before you can even think of diversifying your bitcoin investment and remember diversifying your bitcoin investment may not really be necessary but if you must diversify accumulate bitcoin for at least one year.

Responding to the bold word altcoins, altcoins are shitcoins with no store of value and potential returns they are not wart diversifying our bitcoin investment to, remember we are diversifying to reduce risk so diversifying into altcoins (shitcoins) that are not less risky rather they are more riskier than you can even imagine. focus only on accumulating bitcoin and hold for long term and forget about diversifying your bitcoin investment into altcoins (shitcoins).

[I_Anime]

Best strategy is focus on 1 investment first like bitcoin, accumulate it for few years while learning its pros and cons before you procede to altcoin investing. It's less-risk and less stress for a person doing that approach.

from my own perspective focusing only on one investment like bitcoin is not really a good Idea, because bitcoin is not a get rich quick scheme where you will you centralize all your focus investing on bitcoin alone and forget about investing in others things, remember it takes time to build an investment portfolio, so why not spread your money across other investments like stocks, bonds, commodities, real estate and others, to enable you accumulate more bitcoin consistently and hold on to your bitcoin investment for long term to make reasonable profits.

Responding to the bold word altcoins, altcoins are shitcoins with no store of value and potential returns they are not wart investing on, altcoins (shitcoins) are not less risky rather they are more riskier than you can even imagine. inclusion focus only on accumulating bitcoin and hold for long term and forget about altcoins (shitcoins).

Other investments also do take time to build , rather than finding other investments to diversify on . Try looking for other sources that will help you to sustain yourself while you build your bitcoin investment, yeah bitcoin is not a get rich quick scheme so you take your time to build it well not jumping into other investments.

You have to get to a certain extent first in your bitcoin investment before thinking if diversification. Maybe then you can now think of other things you can invest on , if you start to do more than one investment at a time it will only slow you down , build your bitcoin stash first then find other stuff you can invest on .

[Brainnybtc]

Other investments also do take time to build , rather than finding other investments to diversify on . Try looking for other sources that will help you to sustain yourself while you build your bitcoin investment, yeah bitcoin is not a get rich quick scheme so you take your time to build it well not jumping into other investments.

You have to get to a certain extent first in your bitcoin investment before thinking if diversification. Maybe then you can now think of other things you can invest on , if you start to do more than one investment at a time it will only slow you down , build your bitcoin stash first then find other stuff you can invest on .

The truth of the matter is that diversification is not a bad thing, it's a great idea, just that it should  only be done when you have reached an over accumulation stage, a stage where you feels like you already have more than enough Bitcoin in your possession, that's when it feels like to try something else like investment in land, gold etc but diversifying when you haven't reach you set goals in your accumulation journey is not proper in my own understanding.