I couldn't agree more with this - so many people are just dabbling in crypto b/c they view it as a get rich quick scheme - which is just exacerbating the volatility. At the first little downward move or sudden profit gain, they sell, which creates huge market waves. If everyone actually took the time to understand what they were investing in...they'd better have the conviction to hold during volatility and help smooth out these crazy market movements we see sometimes
RE: "Diversification is for retards" - Warren Buffett