Mr. Wood on Nostr: Words like "Moderation" and "Diversification" never made any sense to me. They're ...
Words like "Moderation" and "Diversification" never made any sense to me.
They're weak options. They usually lead to the same result as doing nothing.
They're only useful if you have no clue what you're doing. Because if you did, you will do that one best thing.
If you study 30 topics, you will master none...
If you invest in everything (to be "safe"), you'll get nowhere, and so forth...
If you know the answer, you know the answer. If not, you diversify.
This applies to #Bitcoin and pretty much everything everyone does! :D
#Diversification
They're weak options. They usually lead to the same result as doing nothing.
They're only useful if you have no clue what you're doing. Because if you did, you will do that one best thing.
If you study 30 topics, you will master none...
If you invest in everything (to be "safe"), you'll get nowhere, and so forth...
If you know the answer, you know the answer. If not, you diversify.
This applies to #Bitcoin and pretty much everything everyone does! :D
#Diversification