Don't centralized your wealth in one basket ..
Isn't diversification Decentralization ?
#askNostr
Discussion
Diversification isn't in itself always the best strategy.
Bitcoin is the most decentralised asset by its nature. Diversification into other monetary assets achieves another kind of decentralization but in a way that doesn't maintain purchasing power like storing wealth in bitcoin alone.
That said, you're in India, right? I have heard lots of people store (and presumably use) gold in India so it might be strategic for you to also have some gold as another way around using fiat (especially the Indian CBDC) until BTC catches on more.
Bitcoin is Decentralised ??? There are only 85 K nodes . Of which probably 10 k miners !!! Right ? ..... #gold literally has a shop in every single city , town .. even a village ! . . And billions of people who self custody ..gold
A portion of the gold supply is geographically distributed as are the on ramps and exit ramps. But the gold *network* is very centralized and manipulated.
But the only point I was making was that between the two bitcoin is a better store of wealth while gold can still be used strategically depending on ones context/jurisdiction.
Around 3 Billion people ( in India and China ) self custody 60,000 tons of gold .. more than all the nation states combined ! Including US and China central banks !
It is literally the most plebs owned asset :-)
And who is centralizing #gold network ? You can go buy gold in any part of the world without KYC ..
I think there are few options to diversify. or void options
Risk of counterpart should be our main thing to take into account.
Everything has a counter party .. didn't you see the parties involved in #bitcoin :-) .. OP_RETURN should have made it clear !
>OP_RETURN
The day of the reduction in half of the reward per block, I saw transactions above 2000 SATVB thanks to that stupidity.
I don't think that's something good for Bitcoin. IMO
Yes. It's always good to have a decentralized portfolio.