RE: In Introspection: Bitcoin & Fiat Maximalism
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I don't know for me; diversification is always the best approach. The moment you are 100% in one particular arena, things can get ugly. Look at all the people who put all of their savings into Celsius so they could earn an additional salary... and then look at people in Argentina and Venezuela who were all in on fiat and never diversified into Crypto. I prefer Crypto heavy... but it's a comfort to also spread some insurance around.
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Well you're right. However some people don't see it this way. They feel that because fiat is old, we should basically make do with the ills that comes with it. A lot of people will never diversify into another thing other than fiat
Going all in 100% without diversifying is a high risk we shouldn't be taking. I am with you on this, crypto is my preference but we have to diversify otherwise when sh*t blows up it can get very ugly and no one wants to be dealing with ugly stuff.
Yeah, diversification is always key, regardless the market and market conditions!