The act of diversifying your portfolio has been a controversial topic in the investment industry for a while, and I’m starting to see it as a more prevalent suggestion in the #Bitcoin community, especially as the market starts to stagnate after this past rally.
My takes on diversification:
-it is selling the winner for the losers
-it’s easy to spread yourself too thin…no risk = no reward
-it takes more time and effort to track all of your different investments
-I have heard millionaires prioritize diversity while billionaires prioritize concentration, but I’m not sure how valid this point is.
I know everyone is different, but I sleep like a baby knowing I’m all in on #BTC .