One of the most annoying criticisms lobbed at me by my dull, no-coiner friends is that I should "diversify" out of BTC and not put so many of my figurative coins in one basket.
I find this advice to be laughable for 3 reasons:
1. I am diversified
- They have negative net worth (I don't take financial advice from poor people)
And the ultimate kicker...
3. The small amount of equity they do have is tied up entirely in their homes that they live in!
So the same No-Coiners preaching financial diversification are total hypocrites who have their ENTIRE net worth tied to a depreciating asset that they also call their home and are leveraged 2x - 5x on.
Trust your gut, don't take financial advice from people who clearly have no idea what they're talking about.
See you guys on the moon...