For a long time, many warned Bitcoiners and crypto communities not to put all their eggs in one basket. Yet, these warnings were often disregarded, laughed at, or dismissed as the words of clueless idiots. It was claimed that diversification wasn’t necessary for Bitcoin. That’s why we keep reading Coldcard stories about people losing their life savings. To most, this seems like primarily a software or hardware issue. But that’s simply not true. Software and hardware flaws will always exist in crypto, no matter how careful users are especially when self-custodying. Ultimately, no one is responsible for your cybersecurity but you. The Coldcard hack hit so hard mainly because the principle of diversification was ignored. No matter how promising a single stock or cryptocurrency may appear, diversification remains the best defense against total capital loss. That’s why professional investors emphasize it constantly. Though it should be basic knowledge, many crypto investors still treat it as an outdated mindset. Total loss can result from price movements, and in crypto, hacking adds another layer of risk. Don’t disregard diversification. Act on it. #Bitcoin #finance #Investing #news