This is also important, when we hear other people's experiences about the strategies used, we will start to learn the strategy, the same as this diversification.
Previously, many people may have only invested in one coin, but after hearing other people's experiences, they will start to change their strategy by doing the same thing. This is why it is also very important to share experiences with others.
Knowledge is not enough to become profitable here in crypto worlds, we also need experiences to tell if it really works. But sometimes, it's not good to rely only their experiences because we really don't know how they execute their knowledge on the market. I observed that there are people who are good at communicating but not in doing it. You must have to test it by yourself before you can say that he is right.
Of course we can't just do what others do, we also have to look deeper into what others share with us. I just said the outline above without giving a detailed explanation.
And when I have to explain in detail, I will also say the same thing as what you said. because when we only hear and then execute it, then that is not wise either. Because it requires further analysis so as not to step on the wrong path.