you have some money, you think about the risks then if you accept them you invest. meanwhile you look at multiple things to invest in to diversify and maximize the profit while keeping the risks spread and manageable.
if you are going to constantly fret about smallest of things about each of your investments and think about kill switch on each of them then it is best if you don't invest at all.
Topic: Bitcoin holders, are you diversifying in case the fork proves catastrophic (Read 2453 times)
March 22, 2017, 12:56:11 AM
March 22, 2017, 12:09:29 AM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Personally, I’m not going to sell any coin right now.
We have seen bitcoin rise over $1250 and stay there for a long time, I don’t think anyone should doubt bitcoin’s ability to perform as an investment.
The hard fork is going to make both the value of BTC and BTU drop, sure, but the value of these two forked coins added up should be around the same price that bitcoin was at before the hard fork happened.
I wouldn’t worry about it right now to be honest, especially if you have less than 10 BTC.
And no, i've got no money to buy cars and houses unfortunately
March 21, 2017, 11:50:24 PM
Never keep all eggs in just one basket, that is the golden rule. So diversifying is the good choice with or without fork. I don't know what is actualy going to happen, I don't think anyone does but I hope for the best. Still, it's good to decide before what and how are you going to do with your coins.
March 21, 2017, 11:13:18 PM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Diversification is the best way to preserve your wealth over time in my opinion. Whenever there is something major going on I am never sided with either side but rather just try to hedge against either side and keep the value of my balance the same.
I would keep 50% BTC, cash out 50% fiat.
That way if bitcoin rises you’ll still make half the profit that you may have gotten if you haven’t sold your bitcoin for fiat at all, but if bitcoin falls you only need to cop half the losses.
March 21, 2017, 11:07:18 PM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
For me I am definitely going to diversify. I am really not sure what is going to happen and i highly doubt anyone knows what is going to happen in the future.
The best thing to do is to spread out your wealth in several different assets, especially if you have high stakes in bitcoin currently.
I would hedge against the hard fork by buying into gold and silver, keeping a small portion of bitcoin in cold storage, buy into some alt coins as when the fork happens alt coins are probably going to rise in price. Converting some bitcoins into fiat could also work, it all depends on you though.
March 21, 2017, 07:29:42 PM
I personally have not seen any data that suggests that any of the alt coins are going to be doing any heavy trending upwards, hence, I am staying with btc, but I will invest in a few of the alts, maybe lite coin, etherum, dash, zek, and monero, I'll just keep watching them daily to see what happens with them.
March 21, 2017, 07:09:46 PM
Well isnt a easy step to take, but some of the traders are with their bitcoins over altcoins, just looks dash and some others altcoins market, its a sensible moment to bitcoin, because spliting bitcoin should damage the real concetp ot it, anyway pretty sure some investors arent waiting to what will happen over bitcoin.
March 21, 2017, 06:44:55 PM
Anyone who thinks buying an alt qualifies as diversifying is batty. It's an even more insane gamble on a gamble that was insane already. And if you hang on to your BTC you get just as much of a free alt too which'll have a ready made gargantuan and ravenously hungry market.
March 21, 2017, 06:39:17 PM
Watching bitcoin hardfork is a nightmare, if bitcoin fork really happened, it will lose a lot of supporters and it will cause a big impact on the price and trust issue, if hard fork is happen then it will be either people wait for a long recover or people will leave bitcoin forever and it is a risky choice
March 21, 2017, 06:27:12 PM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
I'm actually doing the opposite because if a fork occurs I will have coin on both chains. I see this as more of an opportunity to double my investment then anything....I've been moving out of the altcoins and slowly getting my coin off of the exchanges and into bitcoin addresses that I control. I'm getting ready for it!
On another topic, someone said that with the Etherium fork, Coinbase didn't let customers keep coins on both chains. Do you know if that was true, and could other exchanges do the same thing for Bitcoin. I have to admit, I'm not sure I fully understand how that works. Can someone elaborate?
March 21, 2017, 04:36:36 PM
I have deiversified since the beginning.
It is never smart to hold all your eggs in one basket. Regarding crypto this means it is spread across several altcoins I think are promising. In general, this means I also hold a normal savings account and an investment account for stocks and investment funds.
It is never smart to hold all your eggs in one basket. Regarding crypto this means it is spread across several altcoins I think are promising. In general, this means I also hold a normal savings account and an investment account for stocks and investment funds.
I hold gold as my "alt-investment". Hear you re diversification.
So far I have not decided to hold any Altcoins because I have not had the inclination to go look at any. My feelings may change if the BTC Civil War keeps going on.
March 21, 2017, 04:05:08 PM
I don't think that diversification is necessary as long as you don't have absolutely all of your funds in Bitcoin.
Bitcoin's value will be safe enough that it won't completely collapse to 0. I think that the more the value falls from the fork, the more that I'll buy because I know that Bitcoin is still great and will always be appreciated for what it is.
Bitcoin's value will be safe enough that it won't completely collapse to 0. I think that the more the value falls from the fork, the more that I'll buy because I know that Bitcoin is still great and will always be appreciated for what it is.
March 21, 2017, 02:48:27 PM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
I'm actually doing the opposite because if a fork occurs I will have coin on both chains. I see this as more of an opportunity to double my investment then anything....I've been moving out of the altcoins and slowly getting my coin off of the exchanges and into bitcoin addresses that I control. I'm getting ready for it!
March 21, 2017, 11:51:02 AM
Catastrophic for which side 
to a trader's eye it's all good. Higher risk = higher reward. No need to diversify, fiat is a good way to hold out. Grab a cold pint and wait for this to blow over.
to a trader's eye it's all good. Higher risk = higher reward. No need to diversify, fiat is a good way to hold out. Grab a cold pint and wait for this to blow over. March 21, 2017, 11:42:20 AM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
I have no diversified investment since my bitcoins were only in a handful amount. What I did was to convert it to our local cash and if another price drop occurs I will convert it back to bitcoins. But sad to say instead of bitcoin going down it spiked up a bit. I was sad but I was also happy since bitcoin has recovered its value slowly. But just like me other bitcoin investors have shifted into Ethereum and DASH due to fear of bitcoin crash.
I guess you are correct that this is the cause of the increase in value of Etherium and Dash. But Bitcoin has surged back up in price lately. I sold much of my Bitcoin when it went past $1200. Maybe that was a good idea.
March 21, 2017, 10:31:11 AM
I myself decided to diversify with other(s) altcoins despite the fact i have always say bitcoin and nothing else. For this i have make the choice to go with monero. Even if people may think there are some others altcoins with a potential to be better than monero, i am looking for a medium term plan and from now monero is the only one that attracted me, but as i have a limited interest with altcoins so i don't know a lot about them
Recently, ETH and Monero "offered" as a good alt-coin to bitcoin. But I don't think it would not a good idea for me to diversified my bitcoin because I still believe that the effect of Civil War between BU and Core will not affect the bitcoin ecosystem. Then can have they own coin and call it whatever they want, and for those who wish to stay with bitcoin, will stay, otherwise go to that alt-coin and hope for the best and see what the future holds for you there.
March 21, 2017, 07:16:19 AM
I myself decided to diversify with other(s) altcoins despite the fact i have always say bitcoin and nothing else. For this i have make the choice to go with monero. Even if people may think there are some others altcoins with a potential to be better than monero, i am looking for a medium term plan and from now monero is the only one that attracted me, but as i have a limited interest with altcoins so i don't know a lot about them
March 20, 2017, 09:59:11 PM
Is anyone using their btc to buy cars or houses in case the BU fork hits bitcoin hard?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
Maybe converting btc to fiat or another crypto?
If you held bitcoin, how would you diversify your holdings to keep them safe in the event the hard fork forks things up?
I have no diversified investment since my bitcoins were only in a handful amount.
March 20, 2017, 09:14:07 PM
I have deiversified since the beginning.
It is never smart to hold all your eggs in one basket. Regarding crypto this means it is spread across several altcoins I think are promising. In general, this means I also hold a normal savings account and an investment account for stocks and investment funds.
It is never smart to hold all your eggs in one basket. Regarding crypto this means it is spread across several altcoins I think are promising. In general, this means I also hold a normal savings account and an investment account for stocks and investment funds.
I hold gold as my "alt-investment". Hear you re diversification.
So far I have not decided to hold any Altcoins because I have not had the inclination to go look at any. My feelings may change if the BTC Civil War keeps going on.
March 20, 2017, 09:12:39 PM
Since March 10, I've gone from 25% altcoins and 75% Bitcoin, to 78% altcoins and 22% Bitcoin. As a result I've gained 13% while Bitcoin has dropped a good bit more than that. I've split my Bitcoin funds between Ethereum, Dash, Monero and Zcash.
I don't see any near-term hope for Bitcoin. ETF's are out of the question. Merchants are dropping out or cutting back because of the fee situation. Any news of merchant or other user adoption would just mean even worse TX fees anyway! Segwit adoption of 95% is completely unfathomable. The only real question for now is whether the Core/BU impasse will continue, or whether BU will fork and initiate an ugly conflict. Meanwhile there will continue to be positive news of increased adoption and merchant services and so forth among the major alts.
So I feel much safer HODLing with my new portfolio than risking going back into Bitcoin in a big way. What scenario can anyone offer that leads to gains in the near term? A massive spike in clueless investors who don't know what's going on and are happy the ETF was rejected? I mean, come on...
I don't see any near-term hope for Bitcoin. ETF's are out of the question. Merchants are dropping out or cutting back because of the fee situation. Any news of merchant or other user adoption would just mean even worse TX fees anyway! Segwit adoption of 95% is completely unfathomable. The only real question for now is whether the Core/BU impasse will continue, or whether BU will fork and initiate an ugly conflict. Meanwhile there will continue to be positive news of increased adoption and merchant services and so forth among the major alts.
So I feel much safer HODLing with my new portfolio than risking going back into Bitcoin in a big way. What scenario can anyone offer that leads to gains in the near term? A massive spike in clueless investors who don't know what's going on and are happy the ETF was rejected? I mean, come on...
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