Who says it's too late to buy Bitcoin?

[Lembo69]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

[Frankolala]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

If your financial situation is not good to the point that you don't have any discretionary income to buy bitcoin, it's better that you cut down your expenses and look for a second means of income, which you can use the money from there to invest in bitcoin. However, if you have little discretionary income as low as $5 or $10, you should get started immediately, and don't wait for the dip. If you continue buying regularly every week with DCA, your bitcoin portfolio will be growing gradually, instead of waiting.

[Mame89]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

If your financial situation is not good to the point that you don't have any discretionary income to buy bitcoin, it's better that you cut down your expenses and look for a second means of income, which you can use the money from there to invest in bitcoin. However, if you have little discretionary income as low as $5 or $10, you should get started immediately, and don't wait for the dip. If you continue buying regularly every week with DCA, your bitcoin portfolio will be growing gradually, instead of waiting.

If anyone asks, is it too late to buy Bitcoin now? The answer is, based on fundamentals even if you look at the growth of bitcoin with many adopters, of course not. Even according to this indicator, Bitcoin will continue to rise even higher and bitcoin will be the most sought after asset in the future with its transparency and freedom.

So not buying Bitcoin now, means you have the potential to regret it later, this has been experienced by several people in the last few years even last year. Don't delay buying bitcoin because the price of bitcoin is not waiting for you when the price goes up and using the DCA method is the most powerful strategy to achieve financial freedom in the future. If you don't buy Bitcoin now, you may not be rich in the future, make sure you don't become like those who regretted a few years ago because they delayed buying bitcoin.

[red4slash]

Any time is good but buying during peaks still is not a wise thing to do. Why should someone buy Bitcoin at 100K when there will definitely be a much better possibility? Anyways, it's not a bad idea but it's not the best idea too. At the moment it costs 86K and I think it's a very good time to buy it. We already tested its potential, which is 109K. Bull cycle has just started, so I'm sure we are guaranteed to see it going up to 100K and even further, probably up to 150K or 190K.

As long as we can afford to buy at that price why not? when talking about the long term I think we can be wrong with the assumption that the price is now too high and reflecting on past experiences of course we realize that sometimes saying bitcoin is too expensive to buy it is actually slapped with the fact that in the end bitcoin exceeds expectations and the price continues to rise over time so seeing that of course now saying $100k is high enough can be the same nonsense as a few years ago where discussions like this continue to repeat themselves.

As long as we are able to buy at that price why not because in the end it also has pretty good prospects for the future provided we invest for a long time (because indeed investing in bitcoin is not suitable for short periods of time like trading that some people always do).

Waiting and buying at low prices is also very good but can we guarantee that the low price we set will be obtained? sometimes waiting like this becomes uncertain so as long as you can afford to buy bitcoin regardless of the current price with the intention of investing for the long term then it can be very good to do.

[ultrloa]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

If your financial situation is not good to the point that you don't have any discretionary income to buy bitcoin, it's better that you cut down your expenses and look for a second means of income, which you can use the money from there to invest in bitcoin. However, if you have little discretionary income as low as $5 or $10, you should get started immediately, and don't wait for the dip. If you continue buying regularly every week with DCA, your bitcoin portfolio will be growing gradually, instead of waiting.

They can spend small amount to save some for future used financial situation should not be their excuse not to buy Bitcoin since they can spend at those figures you have said $5 - $10 dollar then decide to increase up once their situation will became more better. Its good to have volume accumulated rather than nothing that's why people especially those who know Bitcoin should not missed to acquire so that they won't regret not buying Bitcoin since this situation happen every time.

People should have targets in future since if they keep doubting to buy and think about Bitcoin still expensive then for sure that there's nothing gonna happen with those people thinking negative about it especially for those individuals who keep waiting for the dip.

[Rabata]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

It is better to invest in Bitcoin at any time if you have a long-term plan. It may be difficult for those who think that the current price of Bitcoin is high. When the price of Bitcoin was 30k for the first time a few years ago, the same situation was observed among investors that the price of Bitcoin may be high, but with time the price of Bitcoin has started to increase and this idea will continue in the future. If the investor has discretionary income, then he is suitable for regular purchase of Bitcoin at any time. If you buy Bitcoin regularly according to your ability from now, then you can increase your Bitcoin portfolio in the long term. If you do DCA to buy Bitcoin, then you will get the opportunity to buy Bitcoin at a good and low price. It is important to remember that the opportunity at which you get the opportunity to buy Bitcoin may not be same after few days later. Therefore, it is possible to build a large Bitcoin portfolio if you can hold Bitcoin regularly rather than relying on uncertainty.

[Shadiq]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

If your financial situation is not good to the point that you don't have any discretionary income to buy bitcoin, it's better that you cut down your expenses and look for a second means of income, which you can use the money from there to invest in bitcoin. However, if you have little discretionary income as low as $5 or $10, you should get started immediately, and don't wait for the dip. If you continue buying regularly every week with DCA, your bitcoin portfolio will be growing gradually, instead of waiting.

Yes, it is better than abstaining from Bitcoin investment. What is required for Bitcoin investment? Strong willpower, patience, consistency, basic knowledge, unnecessary money and discretionary income. The first 5 things must be present in an investor. If a person interested in investing does not have a source of discretionary income, then it becomes challenging for him to keep the investment for a long time, but it is not impossible. If you are very interested and you do not have a source of discretionary income, then you can run DCA with a small amount by reducing the cost. For this, you must have strong willpower and be positive about keeping the investment.

In such a situation, you need to improve your source of income as much as possible and bring it to the level of a source of discretionary income or look for alternative sources of income. The reason for this is that you need to keep backup funds ready along with the investment. You may not understand the importance of backup funds in the initial stage of investment, but when your investment amount starts increasing, you will start understanding the importance of backup funds. In the initial stages of investing, you can start investing in any way you want, but over time, you will need to focus on your income source and turn it into a source of discretionary income.

[JayJuanGee]

It can be difficult to say for sure what any person should do, yet if a person invests similar amounts of value on a regular basis (such as weekly) for 4 years straight, then their average cost per BTC will be right around the 200-WMA - and historically, an overwhelming majority of times, the BTC spot price is at least 25% higher than the 200-WMA. 

That's where the success is i.e. keep investing regardless of how much money you have. It's best to invest whatever you have instead of not investing at all. If you see bitcoin 200 WMA vs spot price then most of time spot price is higher then 200WMA except from Jun 2022 to Oct 2023 where spot price of Bitcoin went below 200WMA. Today Bitcoin spot price is 2x times the 200WMA
 
https://bitcoindata.science/withdrawal-strategy

Of course, there are no guarantees, so any of us who might be attempting to think and act rationally, may well consider that it would be good to invest into bitcoin for a whole 4 -6 years or more and then perhaps to reassess after that.  Surely if we are able to frontload our bitcoin investment, then we may well have differing results, yet there are not too many normal people who are easily able to frontload their investment into bitcoin.  And, yeah, for sure, each person has to decide for themselves whether and if so how to invest into bitcoin.

Forget about the one who are not easily able to frontload their investment into bitcoin, talk about the one who are willing to invest in Bitcoin. The one who don't have any doubt about Bitcoin that it's price will go high with passage of time should invest in Bitcoin for 5 years at least and if they are not in rush then they might HODL for even longer duration.

Of course, there is some value to keep investing into bitcoin on a regular basis, such as weekly, yet anyone has to attempt to coordinate his amount invested into bitcoin with the amount of discretionary income that he has, and surely if income and/or expenses are erratic or irregular, then there maybe additional challenges to keep the weekly amount invested as regular.

Ability to front load a bitcoin investment might not be common, yet it still can come up from time to time, even for a person who might have had been investing into on a weekly basis for a year or two, such person might have cashflow circumstances in which every once in a while he receives bonus amounts of money or even that he has unexpected amounts of extra money that might come available and then provide opportunities to front load the bitcoin  investment, whether he chooses to invest right away with all of the extra money or to set up deferrals by DCA or deferrals by buying on dip that may or may not end up playing out.

[EarnOnVictor]

Just like you said, a full circle which is 4 years can be slightly considered enough time for someone who is nearing retirement age to HODL depending on your financial strength and health status which will determine if they can go longer than a full cycle. Then for the vibrant youths who are full of life an energy, they can decide to HODL for more than a decade depending on when their target is met because as an investor, their is need to set a target for your investment so that when you reach your target, you can figure out whether to continue or not.

The dilemma is whenever Bitcoin price goes high people start saying it's too high to jump in now. Anyone who is new to Bitcoin must start from whatever price he see while investing and don't wait for the dip. Bitcoin has a cycle of 4 years and after every 4 years we see new ATH. To be on safe side invest for minimum of 5 years and that's how one can see full potential of Bitcoin.

Waiting for a drop to buy Bitcoin prevents investors from making more profits. What we can learn from the past Bitcoin equation is that its price will be higher than expected. High profits and investment go hand in hand, so you should invest in Bitcoin from today, with a time horizon of ten years rather than five years. Sometimes it is better to focus on holding Bitcoin than to make a profit. In the hope of making more profits in the future.

Those who would mostly enjoy the dividend of Bitcoin are the core HODLers, they don't care about the price they buy it and when they are going to sell it, all they care about is HODL, HODL and HODL. Can you imagine what those people's portfolios could be in the next 2 decades? That's the spirit. I recently realised that the purchase of Bitcoin is not always enough, even if you have as much BTC as possible, you can't possibly regret if you add more periodically. This is sweeter when you suddenly see that Bitcoin has dipped, which is the best time to Buy more, HODL and Repeat.

[FortuneFollower]

Those who would mostly enjoy the dividend of Bitcoin are the core HODLers, they don't care about the price they buy it and when they are going to sell it, all they care about is HODL, HODL and HODL. Can you imagine what those people's portfolios could be in the next 2 decades? That's the spirit. I recently realised that the purchase of Bitcoin is not always enough, even if you have as much BTC as possible, you can't possibly regret if you add more periodically. This is sweeter when you suddenly see that Bitcoin has dipped, which is the best time to Buy more, HODL and Repeat.

Holding appropriately is a way to go.

If you are discouraged from doing so, then a person needs to learn more, because clearly, there is much to see to push forward.

[NewCryptocasinos]

I always say, it's never too late, until you have 1 Bitcoin.

[hero_the_bossman]

I always say, it's never too late, until you have 1 Bitcoin.

And when you have 1 BTC - accumulate more.

 

[Judith87403]

Just like you said, a full circle which is 4 years can be slightly considered enough time for someone who is nearing retirement age to HODL depending on your financial strength and health status which will determine if they can go longer than a full cycle. Then for the vibrant youths who are full of life an energy, they can decide to HODL for more than a decade depending on when their target is met because as an investor, their is need to set a target for your investment so that when you reach your target, you can figure out whether to continue or not.

The dilemma is whenever Bitcoin price goes high people start saying it's too high to jump in now. Anyone who is new to Bitcoin must start from whatever price he see while investing and don't wait for the dip. Bitcoin has a cycle of 4 years and after every 4 years we see new ATH. To be on safe side invest for minimum of 5 years and that's how one can see full potential of Bitcoin.

Waiting for a drop to buy Bitcoin prevents investors from making more profits. What we can learn from the past Bitcoin equation is that its price will be higher than expected. High profits and investment go hand in hand, so you should invest in Bitcoin from today, with a time horizon of ten years rather than five years. Sometimes it is better to focus on holding Bitcoin than to make a profit. In the hope of making more profits in the future.

Those who would mostly enjoy the dividend of Bitcoin are the core HODLers, they don't care about the price they buy it and when they are going to sell it, all they care about is HODL, HODL and HODL. Can you imagine what those people's portfolios could be in the next 2 decades? That's the spirit. I recently realised that the purchase of Bitcoin is not always enough, even if you have as much BTC as possible, you can't possibly regret if you add more periodically. This is sweeter when you suddenly see that Bitcoin has dipped, which is the best time to Buy more, HODL and Repeat.

Of course, that's because they knew about the future of bitcoin, which is why they keep accumulating without paying attention to the price. But I think this set of people is very rare, because not everyone that can afford to do that more especially when the value is still very much expensive. Because most people will be scared of losing, I think is just a personal decision.

Talking about the purchase of bitcoin not being enough, actually I was also thinking the same. is still of recent that I realized that there is no limit in accumulating bitcoin, one is always free to accumulate as much as he can. moreover I think you're right when you said that investing in bitcoin is good when there is a dip in the value, because the price will be somehow affordable during that process.

[SANATA7]

Of course, I'm new to this topic, but it seems to me that if we consider bitcoin as an investment in the long term, then the purchase may be justified, even if the price is high now. But in order not to incur losses, portfolio diversification is important in any case.

[YUriy1991]

Talking about the purchase of bitcoin not being enough, actually I was also thinking the same. is still of recent that I realized that there is no limit in accumulating bitcoin, one is always free to accumulate as much as he can. moreover I think you're right when you said that investing in bitcoin is good when there is a dip in the value, because the price will be somehow affordable during that process.

Of course BTC can be owned by anyone without coercion and restrictions and maybe in a few days we will see how the market responds to the results of Trump's meeting with crypto leaders at the White House on March 8th, if it leads to good news, it means the market will move up again quickly.

[Ruttoshi]

Just like you said, a full circle which is 4 years can be slightly considered enough time for someone who is nearing retirement age to HODL depending on your financial strength and health status which will determine if they can go longer than a full cycle. Then for the vibrant youths who are full of life an energy, they can decide to HODL for more than a decade depending on when their target is met because as an investor, their is need to set a target for your investment so that when you reach your target, you can figure out whether to continue or not.

The dilemma is whenever Bitcoin price goes high people start saying it's too high to jump in now. Anyone who is new to Bitcoin must start from whatever price he see while investing and don't wait for the dip. Bitcoin has a cycle of 4 years and after every 4 years we see new ATH. To be on safe side invest for minimum of 5 years and that's how one can see full potential of Bitcoin.

Waiting for a drop to buy Bitcoin prevents investors from making more profits. What we can learn from the past Bitcoin equation is that its price will be higher than expected. High profits and investment go hand in hand, so you should invest in Bitcoin from today, with a time horizon of ten years rather than five years. Sometimes it is better to focus on holding Bitcoin than to make a profit. In the hope of making more profits in the future.

Those who would mostly enjoy the dividend of Bitcoin are the core HODLers, they don't care about the price they buy it and when they are going to sell it, all they care about is HODL, HODL and HODL. Can you imagine what those people's portfolios could be in the next 2 decades? That's the spirit. I recently realised that the purchase of Bitcoin is not always enough, even if you have as much BTC as possible, you can't possibly regret if you add more periodically. This is sweeter when you suddenly see that Bitcoin has dipped, which is the best time to Buy more, HODL and Repeat.

Of course, that's because they knew about the future of bitcoin, which is why they keep accumulating without paying attention to the price. But I think this set of people is very rare, because not everyone that can afford to do that more especially when the value is still very much expensive. Because most people will be scared of losing, I think is just a personal decision.

Speak for yourself and don't say most people are scared to be long term hodlers when they understand that hodling is the best. If you are scared of losing your bitcoin when you're investing in a long-term, it means that you don't have the knowledge that bitcoin is best used as a long term investment, because the price increases overtime, and that limits the risk of you running at loss when a dip happens.

If you don't sell your bitcoin as a long term investor, how will you run at loss. A long term investor will run at loss if he gets carried away with his bitcoin profits and start taking profits during his accumulation stage. If he also use more than his discretionary income to invest in bitcoin, he will sell before time and run at loss of the price dips below his entry point.

If a new investor has a long-term investment mindset, and invest with part of his discretionary income for 4-10 years and above and set up his emergency funds of 3 months of his monthly income, he will be able to hodli and increase his bitcoin portfolio overtime with DCA and lump. He wouldn't run at loss, so don't panic anyone that investing in bitcoin for a long-term will make someone run at loss.

[CageMabok]

Of course, I'm new to this topic, but it seems to me that if we consider bitcoin as an investment in the long term, then the purchase may be justified, even if the price is high now. But in order not to incur losses, portfolio diversification is important in any case.

Portfolio diversification is important when investing, but if you only invest in Bitcoin, I think you only need to focus on buying it repeatedly when you can afford it with a certain amount of money. Because everyone does not need to be afraid to invest in Bitcoin in the long term, especially since the evidence is also quite clear that investing in Bitcoin for the long term can bring more profit than the level of loss that Bitcoin holders are more afraid of. Now you can see for yourself how the Bitcoin price pattern has been since it was first marketed until now and you can also imagine how much profit has been obtained by most people who have invested at that time until now.

[Koadharber]

Recently, many people think that they are late to buy Bitcoin, I would like to remind them that Bitcoin is the star of Kipto. No matter what price you buy in the market, if you hold it for a long time, you are more likely to succeed. If someone thinks that he is late to buy Bitcoin, then he will be one step behind his plan, otherwise how will he start buying? However, if someone's financial situation is not good, it would be better not to buy at the current market price, but if you dare to buy once, you will be more encouraged to invest in Bitcoin.

If your financial situation is not good to the point that you don't have any discretionary income to buy bitcoin, it's better that you cut down your expenses and look for a second means of income, which you can use the money from there to invest in bitcoin. However, if you have little discretionary income as low as $5 or $10, you should get started immediately, and don't wait for the dip. If you continue buying regularly every week with DCA, your bitcoin portfolio will be growing gradually, instead of waiting.

They can spend small amount to save some for future used financial situation should not be their excuse not to buy Bitcoin since they can spend at those figures you have said $5 - $10 dollar then decide to increase up once their situation will became more better. Its good to have volume accumulated rather than nothing that's why people especially those who know Bitcoin should not missed to acquire so that they won't regret not buying Bitcoin since this situation happen every time.

People should have targets in future since if they keep doubting to buy and think about Bitcoin still expensive then for sure that there's nothing gonna happen with those people thinking negative about it especially for those individuals who keep waiting for the dip.

People would really be that usually be having those regret words at the time that they've been able to see Bitcoins price is on the rooftop. You would really be having this kind of doubts and hesitance whenever you arent that sure on what you are seeing then it will really be that recommended that you should really that know on what you are really that indeed dealing with and if you are in doubt then you can always be having that kind of hesitance on which this is really that indeed common and something which is normal but if you do really have just that made out some time on making up some research, then you wont really be finding yourself having any issues on which instead on missing out the opportunity on making money on which you can be able to ride on the flow and could potentially be able to have some grasps when it comes to opportunity.

[JayJuanGee]

I always say, it's never too late, until you have 1 Bitcoin.

And when you have 1 BTC - accumulate more.

Having 1 bitcoin is a pretty non-tailored (and perhaps random and not even very realistic) kind of a goal, since people are in all kinds of places in their own life journey, in terms of their various personal financial and other personal circumstances.. .and some folks can reach it easily (and already have reached it), and other folks are never get to 1 BTC, even though maybe they might be able to try or maybe they are able to set some other meaningful goal for themselves that might be more realistic in terms of their own circumstances.

It makes more sense to consider your own timelines and to figure out some accumulation goals that fit within those kinds of goals, and if your are able to reach certain multiples of your yearly income, then you may well be able to sustainably live off of your bitcoin or even to have that bitcoin income to supplement any other income sources that you might have.

[edited out]

Of course, that's because they knew about the future of bitcoin, which is why they keep accumulating without paying attention to the price. But I think this set of people is very rare, because not everyone that can afford to do that more especially when the value is still very much expensive. Because most people will be scared of losing, I think is just a personal decision.

You seem to not know what you are talking about.  Bitcoin is still very expensive as compared to what? 

Talking about the purchase of bitcoin not being enough, actually I was also thinking the same. is still of recent that I realized that there is no limit in accumulating bitcoin, one is always free to accumulate as much as he can. moreover I think you're right when you said that investing in bitcoin is good when there is a dip in the value, because the price will be somehow affordable during that process.

You seem to be coming to wrong conclusions in regards to whether and/or how to accumulate bitcoin when you are assessing bitcoin as being too expensive.  You can do what you like, but it is probably better to focus on accumulating  bitcoin rather than waiting  for price dips that may or may not happen, especially if you are  either a no coiner or you consider yourself to be a low coiner (which means you are still trying to get more bitcoin).

Of course, I'm new to this topic, but it seems to me that if we consider bitcoin as an investment in the long term, then the purchase may be justified, even if the price is high now. But in order not to incur losses, portfolio diversification is important in any case.

If you are new to investing there is no need to start out diversifying.

So  if you are new to investing into bitcoin, you can start out by investing in ONLY bitcoin, yet you may well need to figure out  your cashflow and  your various back up funds, and so back up funds  can serve as a form of diversification while you are building up your investment  size.  ONce you get to a certain size, whether that is one year of your expenses in bitcoin or perhaps even  at lower threshold levels than  that, then you might start to consider whether diversification might be necessary..  .and not referring to  shitcoins, yet considering things like, properties,  commodities, equities, cash/cash equivalents... but the point is  that newbie investors do not need to be getting distracted into diversification ideas and diluting  their finances and/or their focus, when they may well be better using their time and energies to strengthen their cashflow management skills.

Of course, I'm new to this topic, but it seems to me that if we consider bitcoin as an investment in the long term, then the purchase may be justified, even if the price is high now. But in order not to incur losses, portfolio diversification is important in any case.

Portfolio diversification is important when investing, but if you only invest in Bitcoin, I think you only need to focus on buying it repeatedly when you can afford it with a certain amount of money. Because everyone does not need to be afraid to invest in Bitcoin in the long term, especially since the evidence is also quite clear that investing in Bitcoin for the long term can bring more profit than the level of loss that Bitcoin holders are more afraid of. Now you can see for yourself how the Bitcoin price pattern has been since it was first marketed until now and you can also imagine how much profit has been obtained by most people who have invested at that time until now.

Portfolio diversification is not important for beginner investors, and they can start out by merely focusing on bitcoin and cash and perhaps diversify over time, if they  believe such diversification to be justified in their circumstances.  Diversification is no way even close to something that a beginner investor needs to  figure out,  except  to the extent to which the strength (or strengthening of) his cashflow management practices might be considered as a form of serving  the purpose of diversification.

[I_Anime]

Of course, I'm new to this topic, but it seems to me that if we consider bitcoin as an investment in the long term, then the purchase may be justified, even if the price is high now. But in order not to incur losses, portfolio diversification is important in any case.

Think of diversifying after you have gotten some nice amount of bitcoin In your portfolio and if you are thinking of diversifying, is better to diversify in something out side the crypto space , than wasting resources in purchasing shitcoins in form of you diversifying.

Diversifying when you haven't gotten far in your bitcoin purchases will only slow down your bitcoin accumulation because you will be focusing your resources in other places , so better to take things step by step .