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Comment by notch656a | Hacker News Reader

Use whatever words you like. The entire world except yourself considers splitting assets to multiple (still correlated, but not quite 100% correlated) as increasing diversification. You can speculate with diversification :)

>you're just scamming them into buying something

If you want to consider me a "scammer" for thinking maybe to not put 100% of your crytpo money in UST, or whatever shitcoin was used as an example above, so be it. Y'all are the ones that mentioned specific coins, not me, I don't even understand what you think I'm selling to "scam" people on. I don't even hold any crypto to sell right now, I'm not sure what benefit I could possibly have from advocating that someone consider diversifying their holdings.

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Oh, so you don't even hold any investments? Thanks for the advice, pal. You do you! :)

Damned if I do, damned if I don't. If I have crypto, I'm a "scammer" trying to fuck people over by encouraging them to diversify. If I don't, it means I don't hold "investments" and am not worthy of recommending that people diversify their holdings. If I lived in Lebanon I would absolutely own some crypto, it's almost as if people adjust their holdings based on the environment in which they live.

If you think holding a single crypto is more diverse than holding multiple, have at it bro.

No, you're only damned if you demonstrate a lack of knowledge while not even having any skin in the game. That's not a good look, man. But sure, you're obviously not a scammer, I'll give you that. I'm sorry if that's what you thought I meant. Though it is misleading to call something that is actually speculation for diversification when it's clearly not. But look, I think I've made my point. Take it as a tradesman's advice. You don't need to follow it, but do it at your own risk. ;)

Are you a resident of Lebanon? What's your skin-in-the-game of holding assets/funds as a Lebanese resident?

How about you? Oh, wait, you already said you weren't. You are entertaining tho! Please keep 'em coming! I love a good roast!

That would be a witty reply, were it I were guilty of making your hypocritical statement by association. As it stands, you were the one discounting the validity of not having skin-in-the-game, not I. Personally I think having the opinion of both those with and without skin in the game is often useful in forming a more well rounded observation. Of course you already voided your argument by stating your lack of the skin of the game makes your own argument "damned."

Dude, you're making investment advice, which you so obviously don't know jack about. That's the point. You should read a book on investments and try it out for yourself, instead of acting sore for being schooled and trying to pin your own failure on others. Anyway, good luck in life. And I guess especially with your future investments. I'm sure you'll be great some day, but that day ain't today.

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