bitserve
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May 26, 2017, 03:27:56 PM
Last edit: May 26, 2017, 03:40:56 PM by bitserve

"Diversification is key to any long term sucessful wealth"

Good thing he did`nt take this advise 5 years ago.

I wouldn't have given him that advise 5 years ago. Only when when ONE MAIN investment (which is also of high risk) reaches to a point in which it would be somewhat lifechanging if it failed entirely. Otherwise, not that much need to diversify.

Everyone's portfolio is different. For example, I am still diversifying INTO Bitcoin.

And yes, sometimes you need to exchange potential profits for lower risks/safety to protect your wealth in the long term.


I was warned to diversify back in 2010 by old system investors.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

-Warren Buffett

I don't know what situation you were in 2010. And I am not even sure what situation you are now, apart of some very slight idea from your own comments. But if I had most my eggs in a high risk (cryptocurrencies are) investment I would diversify at least SOME of it.

It's funny Warren Buffet said that when he is, and has always been, one the persons with a most well diversified wealth in the world (You just have to look how many and how wide diversity of assets Berkshire owns).

And not everybody is Warren Buffet... Heck, not even Warren Buffet would be THAT Warren Buffet without a bit of luck on its side.