Buy Buy Buy or Sell Sell Sell?

[Proty]

[Edited out]
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 to improve your source of income to be able to sustain yourself till you bitcoin portfolio is do for harvest, remember it takes time to build an investment portfolio, so why not spread your money across other investments to improve your source of income  to enable you accumulate more bitcoin consistently and hold on to your bitcoin investment for long term to make reasonable profits...

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It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

[Derekfunds]

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.

You are still misinterpreting diversifying after sir JJG has explained it several times that diversification should be done when someone has gone far in his or her Bitcoin accumulation and remember the reason you are diversifying as an investor is not necessarily to make quick profit or in short time but rather to have other assets. Moreover someone who is into Bitcoin investment is not suppose to diversify in other cryptos like shitcoins or memecoin but rather it should be something outside the crypto space since they are already into Bitcoin investment. The result of misconception can not be good sometimes so I will advise you read carefully so that you don't make mistake.

[Sonia_123]

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.

Not only traders falls into  this problem of diversifying also Bitcoin holders like wise some other investors because they feel they are holding Bitcoin and so it is enough reason for them to diversify not knowing that their cash flow is not strong enough for diversifying, some do it because they see others doing it or wanting to answer the name of a lot of business owners without understanding that your present investment must be strong and firm financially and be able to withstand any huddles of you diversifying if being tempered to diversify and in return .
Remember when you diversify is to serve as a back up fund that you use to support and protect  your existing business/investment as soon as they are grown not to make it grow

Like you said people that diversify are traders also a lot of people get into trading because they see people going into since to them it is less risky and profitable  without them having full ideas or understanding trading and that is why they lose all their resources. Some persons have not finished managing or even having full idea of their holdings properly and they are talking about diversifying this is why businesses/investments crash.

[Tonimez]

[Edited Out]

Not only traders falls into  this problem of diversifying also Bitcoin holders like wise some other investors because they feel they are holding Bitcoin and so it is enough reason for them to diversify not knowing that their cash flow is not strong enough for diversifying, some do it because they see others doing it or wanting to answer the name of a lot of business owners without understanding that your present investment must be strong and firm financially and be able to withstand any huddles of you diversifying if being tempered to diversify and in return .
Remember when you diversify is to serve as a back up fund that you use to support and protect  your existing business/investment as soon as they are grown not to make it grow

Like you said people that diversify are traders also a lot of people get into trading because they see people going into since to them it is less risky and profitable  without them having full ideas or understanding trading and that is why they lose all their resources. Some persons have not finished managing or even having full idea of their holdings properly and they are talking about diversifying this is why businesses/investments crash.

Firstly, Bitcoin is not supposed to be any investors main source of income. To invest in bitcoin, one must have a stable source of income where he earns, monthly, weekly or even daily. This allows someone to be sure of the next moment. To diversify your income is the reason for investing in bitcoin. So if anyone is seeing investing in shitcoins as diversification, then he or she does not understand what he is doing or greed is taking over him.  Bitcoin is a stable coin which has survived years of tests. Anyone investing in altcoins and shitcoins is already a trader because shitcoins cannot be hold for long to avoid loosing all your money.

Remember when you diversify is to serve as a back up fund that you use to support and protect  your existing business

Backup funds and emergency funds are not invested. So there's no point claiming you are diversifying your money by investing your backup funds or emergency funds in shitcoins which has a very high risk of loosing entire money. If anything happens to the back up funds there, your bitcoin would be vulnerable and you can either panic sell or possibly sell at loss in order to sort other life threatening circumstances. Shitcoins is not an option, leave your backup funds in a very accessible place where you can have make use of it anytime the need arises in order to hold your bitcoin for a long period of time.

[Barikui1]

Like you said people that diversify are traders also a lot of people get into trading because they see people going into since to them it is less risky and profitable  without them having full ideas or understanding trading and that is why they lose all their resources. Some persons have not finished managing or even having full idea of their holdings properly and they are talking about diversifying this is why businesses/investments crash.

I will say a big No to that, that a pathetic statement in my own opinion, if I have accumulated more than enough Bitcoin today and I feels like I have gotten up to my accumulation goal, then I decide to invest in other asset like land and real estate, does that makes me a trader?
Just think about that statement once again, how does that statement sounds to you?
Take note that the key thing that makes us invest in the first place is to secure our future financially, so if you have over accumulated Bitcoin and you decide to invest in other real life asset it doesn't makes you a trader, but an investor trying to solidify his or her future financially.

[Cossyblack]

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.

You are still misinterpreting diversifying after sir JJG has explained it several times that diversification should be done when someone has gone far in his or her Bitcoin accumulation and remember the reason you are diversifying as an investor is not necessarily to make quick profit or in short time but rather to have other assets. Moreover someone who is into Bitcoin investment is not suppose to diversify in other cryptos like shitcoins or memecoin but rather it should be something outside the crypto space since they are already into Bitcoin investment. The result of misconception can not be good sometimes so I will advise you read carefully so that you don't make mistake.

I think both of you are literally saying the same thing in line with what JJG explained about diversifying.  If you carefully read through the second lines of BrainyBTC write ups,he was actually saying until an investor reaches his over accumulation stage,he shouldn't plan on diversifying which I believe doesn't contradict with JJG teachings,it's just that you were not actually reading enough to understand his texts and what it truly means .There is no point contradicting his statement concerning diversifying,I think you should be the one taking your time to read and understand so that you don't get confused along the line.

[Tmoonz]

Firstly, Bitcoin is not supposed to be any investors main source of income. To invest in bitcoin, one must have a stable source of income where he earns, monthly, weekly or even daily. This allows someone to be sure of the next moment. To diversify your income is the reason for investing in bitcoin. So if anyone is seeing investing in shitcoins as diversification, then he or she does not understand what he is doing or greed is taking over him.  Bitcoin is a stable coin which has survived years of tests. Anyone investing in altcoins and shitcoins is already a trader because shitcoins cannot be hold for long to avoid loosing all your money.

Maybe I think you should read this back again because I can't remember Bitcoin being a stable coin, Bitcoin is not a stable coin you should note this because it has it's volatility pegged to it and the reason why new investors are increasing every day, if Bitcoin where to be a stable coin it wouldn't have gotten to where it is today, when we talk about stable coins we need to consider coins like usdt, USD coins. You also talk about having a stable source of income which of course is good but we don't have to wait till will have a stable source of income prior to getting started since we can be buying Bitcoin at the same time working on our finances perhaps what we needed is to figure out if we have a discretionary income to invest while we work on other things including our finances along the road.

[aylabadia05]

Firstly, Bitcoin is not supposed to be any investors main source of income. To invest in bitcoin, one must have a stable source of income where he earns, monthly, weekly or even daily. This allows someone to be sure of the next moment. To diversify your income is the reason for investing in bitcoin. So if anyone is seeing investing in shitcoins as diversification, then he or she does not understand what he is doing or greed is taking over him.  Bitcoin is a stable coin which has survived years of tests. Anyone investing in altcoins and shitcoins is already a trader because shitcoins cannot be hold for long to avoid loosing all your money.

Who said Bitcoin is a stable coin? A stable coin is USDT, if Bitcoin the price is volatile at a time that is not easy to predict the price even though we can speculate, but still not really reach the target.
The average Bitcoin user makes Bitcoin a long-term investment asset. There is a reason why you should go to Bitcoin, because it is the best hedge against fiat to achieve financial freedom. The price of Bitcoin has been moving steadily since it was first launched and in terms of hedging, research has shown that Bitcoin is best for that.
Investors who use Bitcoin as a long-term investment asset are aware of the future of the economic system.

[Sonia_123]

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.

You are still misinterpreting diversifying after sir JJG has explained it several times that diversification should be done when someone has gone far in his or her Bitcoin accumulation and remember the reason you are diversifying as an investor is not necessarily to make quick profit or in short time but rather to have other assets. Moreover someone who is into Bitcoin investment is not suppose to diversify in other cryptos like shitcoins or memecoin but rather it should be something outside the crypto space since they are already into Bitcoin investment. The result of misconception can not be good sometimes so I will advise you read carefully so that you don't make mistake.

The main reason according to JJG is that
Diversification tends to be justified to protect an investment and not necessarily to grow the investment.
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

[Tonimez]

Firstly, Bitcoin is not supposed to be any investors main source of income. To invest in bitcoin, one must have a stable source of income where he earns, monthly, weekly or even daily. This allows someone to be sure of the next moment. To diversify your income is the reason for investing in bitcoin. So if anyone is seeing investing in shitcoins as diversification, then he or she does not understand what he is doing or greed is taking over him.  Bitcoin is a stable coin which has survived years of tests. Anyone investing in altcoins and shitcoins is already a trader because shitcoins cannot be hold for long to avoid loosing all your money.

Maybe I think you should read this back again because I can't remember Bitcoin being a stable coin, Bitcoin is not a stable coin you should note this because it has it's volatility pegged to it and the reason why new investors are increasing every day, if Bitcoin where to be a stable coin it wouldn't have gotten to where it is today, when we talk about stable coins we need to consider coins like usdt, USD coins.

Well, I may have used the term wrongly but I may not also be too wrong because what I mean by that is the ability of bitcoin to be resilient and bounce back after a period of volatility. Bitcoin volatility is it's strength, and just like every other supposed stable coin, the USDT, USDC and every other one as you've outlined which also have their minimal volatility as regards every other currency.

we don't have to wait till will have a stable source of income prior to getting started

I still disagree with this. Anyone who ventures into bitcoin investment without having a stable source of income may not be able to survive in it. The ability to hold your bitcoin for long depends on how well you can handle your financial stress without having the option of selling of your bitcoin stash.

You can only have a discretionary income when you have a source of income. Discretionary income comes from stable income because it is always relative to your next income from which you can make out your discretionary income for your next DCA investment. No successful investor who achieved that without a stable source of income so far.

[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.

Not only traders falls into  this problem of diversifying also Bitcoin holders like wise some other investors because they feel they are holding Bitcoin and so it is enough reason for them to diversify not knowing that their cash flow is not strong enough for diversifying, some do it because they see others doing it or wanting to answer the name of a lot of business owners without understanding that your present investment must be strong and firm financially and be able to withstand any huddles of you diversifying if being tempered to diversify and in return .
Remember when you diversify is to serve as a back up fund that you use to support and protect  your existing business/investment as soon as they are grown not to make it grow

Like you said people that diversify are traders also a lot of people get into trading because they see people going into since to them it is less risky and profitable  without them having full ideas or understanding trading and that is why they lose all their resources. Some persons have not finished managing or even having full idea of their holdings properly and they are talking about diversifying this is why businesses/investments crash.

It wasn’t said that people who diversify are traders, but most people who are profit oriented diversified because they have a trading mindset, tell me why someone will diversify because of making more money, because there are fellows who decides to follow a different step because they want to be a jack of all trades, at some point it’s better to focus on a specific goal and achieve that instead of being inconsistent.
Perhaps it’s never wise to diversify before you get to your point of over-accumulation, sometimes diversification at an early stage of investing in Bitcoin might probably be that you don’t have a trust in Bitcoin that is why you can choose to invest in other projects as you like. Tell me one reason someone who have not accumulated and hodl bitcoin for a long term or a full circle should be talking about diversification if not for seeking profit opportunities, and who is always desperate for profit, I think you should read enough to understand instead of contradicting the statement.

[Tmoonz]

Firstly, Bitcoin is not supposed to be any investors main source of income. To invest in bitcoin, one must have a stable source of income where he earns, monthly, weekly or even daily. This allows someone to be sure of the next moment. To diversify your income is the reason for investing in bitcoin. So if anyone is seeing investing in shitcoins as diversification, then he or she does not understand what he is doing or greed is taking over him.  Bitcoin is a stable coin which has survived years of tests. Anyone investing in altcoins and shitcoins is already a trader because shitcoins cannot be hold for long to avoid loosing all your money.

Maybe I think you should read this back again because I can't remember Bitcoin being a stable coin, Bitcoin is not a stable coin you should note this because it has it's volatility pegged to it and the reason why new investors are increasing every day, if Bitcoin where to be a stable coin it wouldn't have gotten to where it is today, when we talk about stable coins we need to consider coins like usdt, USD coins.

Well, I may have used the term wrongly but I may not also be too wrong because what I mean by that is the ability of bitcoin to be resilient and bounce back after a period of volatility. Bitcoin volatility is it's strength, and just like every other supposed stable coin, the USDT, USDC and every other one as you've outlined which also have their minimal volatility as regards every other currency.

we don't have to wait till will have a stable source of income prior to getting started

I still disagree with this. Anyone who ventures into bitcoin investment without having a stable source of income may not be able to survive in it. The ability to hold your bitcoin for long depends on how well you can handle your financial stress without having the option of selling of your bitcoin stash.

You can only have a discretionary income when you have a source of income. Discretionary income comes from stable income because it is always relative to your next income from which you can make out your discretionary income for your next DCA investment. No successful investor who achieved that without a stable source of income so far.

Well even while I do understood your point you are still wrong by definition and considering how confusing and misleading making use of such statement ( Bitcoin is a stable coin) can be to majority of newbies bombing in to the thread.


You also need to understand that one important thing is getting started and the other is ensuring the smooth running of your investment, every individual needs to understand their personal financial circumstances which must not necessarily be to have a steady or stable source of income before getting started, this financial perfection you are presuming to be a criteria before starting investing to me is wrong and that has kept most people failing and refusing to invest in Bitcoin, even those without a stable income can start investing without over doing it provided that they have a discretionary income while working on improving their financial situation.

[Moreno233]

It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

This idea of diversification have ruined many people because they never knew what diversification really is and how to apply it. You can't buy Bitcoin and shitcoins and call that diversification, instead, that is a financial mistake. Diversification should be Bitcoin with other areas of investment probably physical investment of an entire different area like stocks. This will work somehow even though I still believe that an all in on Bitcoin still remain the best since I have not seen any investment asset that have done more than Bitcoin in the last two decades.

Instead of discussing diversification, we should be talking about consolidating our investment in BItcoin especially now that there is a minor correction in the market which represent an opportunity for a good buying position. This will do us more good than discussing diversification that can make people think that spreading their money to shitcoin is a good practice under diversification 

[Fara Chan]

Backup funds and emergency funds are not invested. So there's no point claiming you are diversifying your money by investing your backup funds or emergency funds in shitcoins which has a very high risk of loosing entire money. If anything happens to the back up funds there, your bitcoin would be vulnerable and you can either panic sell or possibly sell at loss in order to sort other life threatening circumstances. Shitcoins is not an option, leave your backup funds in a very accessible place where you can have make use of it anytime the need arises in order to hold your bitcoin for a long period of time.

Why should someone's reserve funds be a problem whose purpose is to have them for emergencies so that the funds are only stored so that their value does not disappear which in my opinion is more suitable to be put into gold because gold is also easy to cash in at this time when someone needs funds suddenly. As for the routine funds used to buy Bitcoin, I think it does not need to be disturbed and changed in nominal value because when someone is able to buy routinely with a nominal that is always consistent in the same amount, it will also have a pretty good effect on him in terms of increasing the number of Bitcoins that he considers as a future investment.

[JayJuanGee]

It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

This idea of diversification have ruined many people because they never knew what diversification really is and how to apply it. You can't buy Bitcoin and shitcoins and call that diversification, instead, that is a financial mistake. Diversification should be Bitcoin with other areas of investment probably physical investment of an entire different area like stocks. This will work somehow even though I still believe that an all in on Bitcoin still remain the best since I have not seen any investment asset that have done more than Bitcoin in the last two decades.

Instead of discussing diversification, we should be talking about consolidating our investment in BItcoin especially now that there is a minor correction in the market which represent an opportunity for a good buying position. This will do us more good than discussing diversification that can make people think that spreading their money to shitcoin is a good practice under diversification  

The diversification topic is not necessarily easy, and surely there are some folks who come to bitcoin and they already have investments in various assets, so they might have had already been practicing some level of diversification, and maybe they did not get to a point of being diversified right from the beginning, but instead slowly build up the number and the kinds of investments that they have.

Even if a person is brand new to investment, and they are considering getting into bitcoin, they may have already started out by saving cash, and they might have even come to realize that their cash is tending to lose value, yet they are still empowered by holding some level of cash, even if it is not holding value very well, yet if they start to hold more than a couple months of cash, then they might continue to add to the cash, but the cash does not really grow in terms of their expenses, because their expenses are also growing just through the changes in prices, and that saving phenomena gets even worse for guys who might have close to 6 months or more saved in cash. The more cash they have the more that cash is debased and does not necessarily purchase as much as it did previously.  

I had a friend who had been saving up for a house, and her income was around $50k per year, and maybe her expenses were in the $35k territory, and so after 20 years of saving, she had gotten to around $200k in cash saved up.. and so it seems to me that in the past 20 years, she has never been getting ahead because the houses were tending to go up in costs faster than she was stacking her cash, and her cash was not working for her.

A brand new investor can start out with just cash and bitcoin, but they should not be considering going ONLY into bitcoin without considering that they have a buffer of cash, and so the cash and the back up funds serves as a form of diversification, and so if the cash and the bitcoin are building up, and the cash is getting into the 4-6 month arena or even greater, then these folks might start to want to think that they might not want so much value in cash that is not working for them.  Maybe they want to put more into bitcoin, yet they might already be happy with the level of their aggressiveness in regards to their bitcoin, and perhaps after 4-6 years investing into bitcoin, they might have had gotten their investment into bitcoin to be close to a whole year of their expenses (or perhaps their income, which is a higher level), so they might already consider that they are already making significant contributions to their bitcoin, including what they had already invested into bitcoin and also including how much bitcoin might have had been going up in price during that time too.  

So the answers to the questions regarding when to diversify or whether to diversify are not always clear (and not the same for everyone) yet after one or two cycles investing into bitcoin, guys might start to get some sense that that they would not mind having some investments that are other than bitcoin and cash... and sure it not mandatory to get other investments, but it also is not illogical to do so, either.  We might dispute over at what point diversification makes sense, and some guys might reasonably think so only after their investment into bitcoin is 6 months of their expenses, and other guys might wait until their investment into bitcoin is equal to 3 years or more of their expenses.. and even though I consider that if the 200-WMA value of your bitcoin is equal to 10 years of your expenses, then you are getting close to the threshold level of fuck you status (or even starting to get to overaccumulatoin status), even though guys may want to get to a  higher level to make sure that they have a cushion in case they make mistakes about their determination of the value of their bitcoin in terms of starting to be able to sustainably withdraw from their stash.

[Tungbulu]

It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

This idea of diversification have ruined many people because they never knew what diversification really is and how to apply it. You can't buy Bitcoin and shitcoins and call that diversification, instead, that is a financial mistake. Diversification should be Bitcoin with other areas of investment probably physical investment of an entire different area like stocks. This will work somehow even though I still believe that an all in on Bitcoin still remain the best since I have not seen any investment asset that have done more than Bitcoin in the last two decades.

Instead of discussing diversification, we should be talking about consolidating our investment in BItcoin especially now that there is a minor correction in the market which represent an opportunity for a good buying position. This will do us more good than discussing diversification that can make people think that spreading their money to shitcoin is a good practice under diversification 

h
The diversification topic is not necessarily easy, and surely there are some folks who come to bitcoin and they already have investments in various assets, so they might have had already been practicing some level of diversification, and maybe they did not get to a point of being diversified right from the beginning, but instead slowly build up the number and the kinds of investments that they have.

Even if a person is brand new to investment, and they are considering getting into bitcoin, they may have already started out by saving cash, and they might have even come to realize that their cash is tending to lose value, yet they are still empowered by holding some level of cash, even if it is not holding value very well, yet if they start to hold more than a couple months of cash, then they might continue to add to the cash, but the cash does not really grow in terms of their expenses, because their expenses are also growing just through the changes in prices, and that saving phenomena gets even worse for guys who might have close to 6 months or more saved in cash. The more cash they have the more that cash is debased and does not necessarily purchase as much as it did previously. 

I had a friend who had been saving up for a house, and her income was around $50k per year, and maybe her expenses were in the $35k territory, and so after 20 years of saving, she had gotten to around $200k in cash saved up.. and so it seems to me that in the past 20 years, she has never been getting ahead because the houses were tending to go up in costs faster than she was stacking her cash, and her cash was not working for her.

A brand new investor can start out with just cash and bitcoin, but they should not be considering going ONLY into bitcoin without considering that they have a buffer of cash, and so the cash and the back up funds serves as a form of diversification, and so if the cash and the bitcoin are building up, and the cash is getting into the 4-6 month arena or even greater, then these folks might start to want to think that they might not want so much value in cash that is not working for them.  Maybe they want to put more into bitcoin, yet they might already be happy with the level of their aggressiveness in regards to their bitcoin, and perhaps after 4-6 years investing into bitcoin, they might have had gotten their investment into bitcoin to be close to a whole year of their expenses (or perhaps their income, which is a higher level), so they might already consider that they are already making significant contributions to their bitcoin, including what they had already invested into bitcoin and also including how much bitcoin might have had been going up in price during that time too. 

So the answers to the questions regarding when to diversify or whether to diversify are not always clear (and not the same for everyone) yet after one or two cycles investing into bitcoin, guys might start to get some sense that that they would not mind having some investments that are other than bitcoin and cash... and sure it not mandatory to get other investments, but it also is not illogical to do so, either.  We might dispute over at what point diversification makes sense, and some guys might reasonably think so only after their investment into bitcoin is 6 months of their expenses, and other guys might wait until their investment into bitcoin is equal to 3 years or more of their expenses.. and even though I consider that if the 200-WMA value of your bitcoin is equal to 10 years of your expenses, then you are getting close to the threshold level of fuck you status (or even starting to get to overaccumulatoin status), even though guys may want to get to a  higher level to make sure that they have a cushion in case they make mistakes about their determination of the value of their bitcoin in terms of starting to be able to sustainably withdraw from their stash.

I believe the mistake that majority of investors make is thinking that investment diversification is a one size fits all solution, there's gotta be a reason and a good one, that'll make an investor consider diversification, you can't just diversify your investment simply because the next person is doing it and maybe you see it's working for that individual, and then you're like, Hey, I gotta diversify my investment too, completely forgetting that the decision to diversify actually depends on individual financial circumstances/goals and risk tolerance.

I also agree with your thoughts on holding cash as a buffer as I think this is also very essential, particularly when unexpected expenses or emergencies comes up. That's also another form of diversification, only that this one provides some kind of liquidity and also reduces how much one relies on a single asset.   When it comes to making investment decisions, especially when it comes to Bitcoin, it's always important to consider the factor of volatility as it's very significant, and some individuals may actually choose to allocate a particular portion of their portfolio to Bitcoin, while still maintaining a cash buffer in order to mitigate potential losses.

If I'm to give my thoughts on the idea of setting thresholds for diversification, like having a particular amount of Bitcoin equal to a specific number of months' expenses, I'd say it's quite a formidable and interesting approach. This is because, it can turn out to be quite a great way to help individuals determine when exactly to consider diversification and also how much should be allocated to other assets.

Every investor have their personal and unique financial situation, risk tolerance and financial goals, and it's important for every individual to first of all consider this before finally deciding exactly how to allocate their assets. Diversification can be a crucial aspect of risk management and also spreading ones investment across other assets and this can also help to reduce one particular asset's volatility. All this still revolves around identifying one's financial situation and financial goals as an investor, as this is what helps individuals know whether diversification is the best option for you at that particular time and also to make more informed choices in order to achieve their long term financial gialst.

[Ishicryptic]

It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

This idea of diversification have ruined many people because they never knew what diversification really is and how to apply it. You can't buy Bitcoin and shitcoins and call that diversification, instead, that is a financial mistake. Diversification should be Bitcoin with other areas of investment probably physical investment of an entire different area like stocks. This will work somehow even though I still believe that an all in on Bitcoin still remain the best since I have not seen any investment asset that have done more than Bitcoin in the last two decades.

Instead of discussing diversification, we should be talking about consolidating our investment in BItcoin especially now that there is a minor correction in the market which represent an opportunity for a good buying position. This will do us more good than discussing diversification that can make people think that spreading their money to shitcoin is a good practice under diversification  

The diversification topic is not necessarily easy, and surely there are some folks who come to bitcoin and they already have investments in various assets, so they might have had already been practicing some level of diversification, and maybe they did not get to a point of being diversified right from the beginning, but instead slowly build up the number and the kinds of investments that they have.

Even if a person is brand new to investment, and they are considering getting into bitcoin, they may have already started out by saving cash, and they might have even come to realize that their cash is tending to lose value, yet they are still empowered by holding some level of cash, even if it is not holding value very well, yet if they start to hold more than a couple months of cash, then they might continue to add to the cash, but the cash does not really grow in terms of their expenses, because their expenses are also growing just through the changes in prices, and that saving phenomena gets even worse for guys who might have close to 6 months or more saved in cash. The more cash they have the more that cash is debased and does not necessarily purchase as much as it did previously.  

I had a friend who had been saving up for a house, and her income was around $50k per year, and maybe her expenses were in the $35k territory, and so after 20 years of saving, she had gotten to around $200k in cash saved up.. and so it seems to me that in the past 20 years, she has never been getting ahead because the houses were tending to go up in costs faster than she was stacking her cash, and her cash was not working for her.

A brand new investor can start out with just cash and bitcoin, but they should not be considering going ONLY into bitcoin without considering that they have a buffer of cash, and so the cash and the back up funds serves as a form of diversification, and so if the cash and the bitcoin are building up, and the cash is getting into the 4-6 month arena or even greater, then these folks might start to want to think that they might not want so much value in cash that is not working for them.  Maybe they want to put more into bitcoin, yet they might already be happy with the level of their aggressiveness in regards to their bitcoin, and perhaps after 4-6 years investing into bitcoin, they might have had gotten their investment into bitcoin to be close to a whole year of their expenses (or perhaps their income, which is a higher level), so they might already consider that they are already making significant contributions to their bitcoin, including what they had already invested into bitcoin and also including how much bitcoin might have had been going up in price during that time too.  

So the answers to the questions regarding when to diversify or whether to diversify are not always clear (and not the same for everyone) yet after one or two cycles investing into bitcoin, guys might start to get some sense that that they would not mind having some investments that are other than bitcoin and cash... and sure it not mandatory to get other investments, but it also is not illogical to do so, either.  We might dispute over at what point diversification makes sense, and some guys might reasonably think so only after their investment into bitcoin is 6 months of their expenses, and other guys might wait until their investment into bitcoin is equal to 3 years or more of their expenses.. and even though I consider that if the 200-WMA value of your bitcoin is equal to 10 years of your expenses, then you are getting close to the threshold level of fuck you status (or even starting to get to overaccumulatoin status), even though guys may want to get to a  higher level to make sure that they have a cushion in case they make mistakes about their determination of the value of their bitcoin in terms of starting to be able to sustainably withdraw from their stash.

Firstly I disagree with Proty, who suggests that diversification is not for profit, so I ask why else should somebody go out of their investment comfort zone to diversify into another investment or business if not to increase profit. The basic aim of every investment is to make money, the risks that you are reducing in diversification is incase one of the assets stops being profitable you can rely on your other asset to remain profitable but there is nothing wrong in being profitable in all your investments

Bitcoin has somewhat changed the narrative of diversification for those that truly believes in it's potentials as a store of value that will keep increasing and reaching ATH in the future. If you are holding bitcoin for the long term there is no need to worry about diversification, it has proven beyond reasonable doubts that it will be reaching ATH in bull circles. But for weak hands that have doubts about the future potentials of Bitcoin they can diversify into other assets that they please.

Bitcoin limited supply has abolished the popular saving culture because it is a hedge against inflation and anybody that is still saving their money for the long term in traditional banks is not well informed about Bitcoin. Fiat are centralized and governments can decide to mint more money into the economy and the implication is inflation and devaluation of their currency. Bitcoin investment serves a dual purpose for it's hokder, you keep your stash in Bitcoin and it gives you sure returns on investment on every bull circles.

[asarfiar]

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.

You can follow the diversification method as a means of your additional savings. Diversification policy is a very good method that helps you increase your wealth a lot. I think you should replace your additional savings in a way that is able to give you additional capital after a certain period of time. Currently, there are various short-term cryptos among cryptocurrencies which can hinder your diversification method and hinder your additional savings. So I think you should not invest your extra money in any sheetcoin or memocoin. Because these are short-term investment methods that can cause serious damage to your savings. So I think you can invest in buying gold or land in addition to investing in Bitcoin to increase the scope of your savings.

[Jostern]

It is obvious you fails to understand the reason for diversification. Diversification is not a means of acquiring or making more money but rather the purpose of diversification is to reduce risk by investing in different assets. I don't really see anything wrong with the idea of investing in bitcoin alone more especially if one don't have the financial muscle to diversify or spread his assets across different investment in other to reduce risk

This idea of diversification have ruined many people because they never knew what diversification really is and how to apply it. You can't buy Bitcoin and shitcoins and call that diversification, instead, that is a financial mistake. Diversification should be Bitcoin with other areas of investment probably physical investment of an entire different area like stocks. This will work somehow even though I still believe that an all in on Bitcoin still remain the best since I have not seen any investment asset that have done more than Bitcoin in the last two decades.

Instead of discussing diversification, we should be talking about consolidating our investment in BItcoin especially now that there is a minor correction in the market which represent an opportunity for a good buying position. This will do us more good than discussing diversification that can make people think that spreading their money to shitcoin is a good practice under diversification  

The diversification topic is not necessarily easy, and surely there are some folks who come to bitcoin and they already have investments in various assets, so they might have had already been practicing some level of diversification, and maybe they did not get to a point of being diversified right from the beginning, but instead slowly build up the number and the kinds of investments that they have.

Even if a person is brand new to investment, and they are considering getting into bitcoin, they may have already started out by saving cash, and they might have even come to realize that their cash is tending to lose value, yet they are still empowered by holding some level of cash, even if it is not holding value very well, yet if they start to hold more than a couple months of cash, then they might continue to add to the cash, but the cash does not really grow in terms of their expenses, because their expenses are also growing just through the changes in prices, and that saving phenomena gets even worse for guys who might have close to 6 months or more saved in cash. The more cash they have the more that cash is debased and does not necessarily purchase as much as it did previously.  

I had a friend who had been saving up for a house, and her income was around $50k per year, and maybe her expenses were in the $35k territory, and so after 20 years of saving, she had gotten to around $200k in cash saved up.. and so it seems to me that in the past 20 years, she has never been getting ahead because the houses were tending to go up in costs faster than she was stacking her cash, and her cash was not working for her.

A brand new investor can start out with just cash and bitcoin, but they should not be considering going ONLY into bitcoin without considering that they have a buffer of cash, and so the cash and the back up funds serves as a form of diversification, and so if the cash and the bitcoin are building up, and the cash is getting into the 4-6 month arena or even greater, then these folks might start to want to think that they might not want so much value in cash that is not working for them.  Maybe they want to put more into bitcoin, yet they might already be happy with the level of their aggressiveness in regards to their bitcoin, and perhaps after 4-6 years investing into bitcoin, they might have had gotten their investment into bitcoin to be close to a whole year of their expenses (or perhaps their income, which is a higher level), so they might already consider that they are already making significant contributions to their bitcoin, including what they had already invested into bitcoin and also including how much bitcoin might have had been going up in price during that time too.  

So the answers to the questions regarding when to diversify or whether to diversify are not always clear (and not the same for everyone) yet after one or two cycles investing into bitcoin, guys might start to get some sense that that they would not mind having some investments that are other than bitcoin and cash... and sure it not mandatory to get other investments, but it also is not illogical to do so, either.  We might dispute over at what point diversification makes sense, and some guys might reasonably think so only after their investment into bitcoin is 6 months of their expenses, and other guys might wait until their investment into bitcoin is equal to 3 years or more of their expenses.. and even though I consider that if the 200-WMA value of your bitcoin is equal to 10 years of your expenses, then you are getting close to the threshold level of fuck you status (or even starting to get to overaccumulatoin status), even though guys may want to get to a  higher level to make sure that they have a cushion in case they make mistakes about their determination of the value of their bitcoin in terms of starting to be able to sustainably withdraw from their stash.

Firstly I disagree with Proty, who suggests that diversification is not for profit, so I ask why else should somebody go out of their investment comfort zone to diversify into another investment or business if not to increase profit. The basic aim of every investment is to make money, the risks that you are reducing in diversification is incase one of the assets stops being profitable you can rely on your other asset to remain profitable but there is nothing wrong in being profitable in all your investments

Bitcoin has somewhat changed the narrative of diversification for those that truly believes in it's potentials as a store of value that will keep increasing and reaching ATH in the future. If you are holding bitcoin for the long term there is no need to worry about diversification, it has proven beyond reasonable doubts that it will be reaching ATH in bull circles. But for weak hands that have doubts about the future potentials of Bitcoin they can diversify into other assets that they please.

Bitcoin limited supply has abolished the popular saving culture because it is a hedge against inflation and anybody that is still saving their money for the long term in traditional banks is not well informed about Bitcoin. Fiat are centralized and governments can decide to mint more money into the economy and the implication is inflation and devaluation of their currency. Bitcoin investment serves a dual purpose for it's hokder, you keep your stash in Bitcoin and it gives you sure returns on investment on every bull circles.

You are entitled to your opinion and you can disagree, but diversification like its has always been emphasized here is not for making money but instead to protect our Bitcoin investment, unless for someone who have a mindset of trading and making money from it that thinks in a manner that you diversify just to make profit, instead of having the awareness that you diversify to be able to sustain your investment asset, so diversification isn’t really necessary to grow the investment instead to protect your investment portfolio.

There are some fellow who must have been in bitcoin for a very long time and they have not thought of the word diversification because it’s not quite easy to control and sustain that in a different way, people that are new investors that haven’t accumulate enough bitcoin might not necessarily be in a position to be diversifying in a short period of time, and also some people try saving cash which we know at some point that this fiat tends to reduce in values as you continue holding to it and it can also serve as another means of backing up our funds which can justify another means of diversifying

[Spaceman1000$]

Backup funds and emergency funds are not invested. So there's no point claiming you are diversifying your money by investing your backup funds or emergency funds in shitcoins which has a very high risk of loosing entire money. If anything happens to the back up funds there, your bitcoin would be vulnerable and you can either panic sell or possibly sell at loss in order to sort other life threatening circumstances. Shitcoins is not an option, leave your backup funds in a very accessible place where you can have make use of it anytime the need arises in order to hold your bitcoin for a long period of time.

Why should someone's reserve funds be a problem whose purpose is to have them for emergencies so that the funds are only stored so that their value does not disappear which in my opinion is more suitable to be put into gold because gold is also easy to cash in at this time when someone needs funds suddenly. As for the routine funds used to buy Bitcoin, I think it does not need to be disturbed and changed in nominal value because when someone is able to buy routinely with a nominal that is always consistent in the same amount, it will also have a pretty good effect on him in terms of increasing the number of Bitcoins that he considers as a future investment.

Investing your emergency funds looks a bit new to me, ordinarily i was thinking it was cash reserve you can fall back on hence there is real emergency, but investing in gold that is still prone to heavy market instability shouldn't be seen as emergency funds, in my own view, if it gets to the point you would have to put your emergency funds in gold reserve as an investment, why not just empty everything into your bitcoin investment at once since it's already looking like the emergency funds can be invested.