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/biz/ - Business & Finance

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15948320 No.15948320 [Reply] [Original]

Alright /biz/ bros give it to me straight. Been all in the stink since 2017 post sibos dump but starting to think 100% might be retarded since the AB prophecies are coming true. No longer dealing with lunch money

Is diversification a meme in crypto? Wtf do you retards even buy that's not BTC, ETH, or LINK? Everything is a BTC clone or another ETH killer. Even BTC and ETH have their problems they haven't sorted. What do /biz/?

>poorfags need not apply

>> No.15948376

diversification is, infact- a meme.

>> No.15948774

>>15948320
diversification works better on a long form timescale. You should be going from one all in to another with moderate breaks in between taking profits into land with rights conveying, infrastructure, and bizes to operate on both of the former. For now tho, the move is all in link or diversify some of that into a biz that can support the ecosystem and capture some market cap by servicing something, then post singularity, market collapse itd be prudent to throw a chunk of the profit from link into the aforementioned trifecta cuz itll have a larger factor of buying power. then simply identify the next emergent technology that will allow us advance even further and buy it before anyone knows it exists, rinse, repeat yadda yadda

>> No.15948785

Diversification is a hedge against ignorance

>> No.15948786

>>15948320
If you truly belive in link you would never think about diversifying

>> No.15948878
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15948878

>>15948774
Thanks fren. Wasn't expecting any serious advice. Very interesting point about diversifying into a biz related to the ecosystem. Will have to do some research and find some niche in demand that's not currently being occupied
>>15948786
Never sold a single link. I was here for many things including pic and my faith never wavered. If you ever reach a point where your stack is worth 6/7 figures, you too might have thoughts about diversifying

>> No.15948896

>>15948320
Diversification is a meme. The chance of you finding one great investment is low. The chance of you finding multiple great investments is almost zero.

>> No.15948920

>>15948774
>then simply identify the next emergent technology
I can already tell what the next big leap is. I plan on buying a rope business to capitalize off all the nolinkers leaping off of chairs.

>> No.15948957
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15948957

>>15948920

>> No.15949048

Diversification is a hedge against volatility, which is not useful when you anticipate rapid exponential gains.
The only diversification that sort of makes sense is an allocation rebalancing idea where you keep the value of your portfolio around eg. 90% Link,10% BTC, and when that ratio changes dramatically to eg 80% Link, 10% BTC, you trade BTC into Link to restore your target ratio (or vice versa if the value change is switched). You get totally fucked when Link pulls a 2x in a day, however.