Topic: Diversifying? - page 2. (Read 1422 times)
Yeah I think you should. If I were you I will go 50/50. I know bitcoin is going to pump more next year so I'll convert 50% of them into fiat so at least I can buy something for myself or like a reward for the profits I got on bitcoin.
It is important to diversify, always of course! Do not put all your eggs into Bitcoin. That would be a bad idea, even though I believe in Bitcoin wholeheartedly it simply isn't smart.
It is good to diversify. Maybe try some traditional investments like stocks or bonds, not just altcoins. Boring, I know. Or just buy yourself something nice. I don't think altcoins will remain safe if Bitcoin crashes. But always remember to keep some Bitcoin for the future 
Diversification is smart. I'd go with
30% BTC
30% ETH
20% BCH
10% LTC
and 10% for some smaller alt coin projects that interest you
Well pretty nice choice, your percentage sequence is very impressive because you have high percentage of bitcoin and bitcoin is expensive than all other altcoins, and ETH also is expensive so you also have good amount of it. 30% BTC
30% ETH
20% BCH
10% LTC
and 10% for some smaller alt coin projects that interest you
I hope your diversification works properly and you get maximum profit, can you please tell me all this percentage you have is due to any strategy or they are just random collection ?
Bitcoin has the biggest potential even though it is expensive, eth may has good potential as well due to many people/companies are using ethereum blockchain to develop their projects. But I am not sure about bch, I guess 15% is enough. But, Op want to diversify his bitcoin savings into several investments outside the cryptocurrencies, and build a business is a great way to create another source of income.
Remember that you do not manage an investment fund. You do not have hundreds of millions to place and thousands of investors to satisfy. The laws of diversification to ultimately keep your customers and satisfy them with a performance equivalent to that of the market is not for you. Your portfolio, because more reduced, must be more active and therefore turn on a lot less titles. Don't complexify your wallet to have more than 20 cryptos/assets, you'll end up becoming passive and your performance will be "damaged".
Diversifying is nice be you don't put your eggs in one basket.
And, leaving the cryto market would help incase of any future collapse. Nothing is constant.
And, leaving the cryto market would help incase of any future collapse. Nothing is constant.
Even knowing bitcoin potencial i wouldnt never take the risk with one single coin, bitcoin has raised a lot this year, and maybe can reach the magic 5000 dollars but i would split my money over some others altcoins wich has potencial to grow, and maybe get better result then bitcoin, since they are cheaper.
Diversification is smart. I'd go with
30% BTC
30% ETH
20% BCH
10% LTC
and 10% for some smaller alt coin projects that interest you
Well pretty nice choice, your percentage sequence is very impressive because you have high percentage of bitcoin and bitcoin is expensive than all other altcoins, and ETH also is expensive so you also have good amount of it. 30% BTC
30% ETH
20% BCH
10% LTC
and 10% for some smaller alt coin projects that interest you
I hope your diversification works properly and you get maximum profit, can you please tell me all this percentage you have is due to any strategy or they are just random collection ?
Just fix some investment - change to fiat as much as you need for life. All other money should be in bitcoin:) May be it will be a good decision to change some bitcoins to portfolio of alternative crypto, but not much 10% or 15%
10% or 15% is highest profit if you saving money in bank lol 
. Actually earning profit 1% everday still helps us get rich, after 100 day we will x2 our capital and can withdraw this profit for enjoy.
Yes actually diversifying some new coins or potential coins aside from bitcoin is actually a great idea to spread out your earnings. There are a lot of potential coins which still are undervalued and are rumored to double up in a couple of months or years so you can actually invest on some of those too.
Just fix some investment - change to fiat as much as you need for life. All other money should be in bitcoin:) May be it will be a good decision to change some bitcoins to portfolio of alternative crypto, but not much 10% or 15%
Gold is obviously one such investment
Of course it's speculative. People are using it to speculate on regular markets and currencies faltering. Speculation makes up a vast amount of its value. You could also call it hedging, but hedging is ultimately speculation in another direction.
I guess you should have read the whole post
Instead of replying just to its preamble. If you had done that, you would have learned that I referred specifically to physical gold which makes up only a small part of the whole gold market. The latter mostly consists of paper gold (say, cash-settled gold futures and ETF's). It is this paper gold which makes speculation with gold possible since it cannot be used for anything but speculation (I hope I won't have to explain that), especially if you consider hedging as "ultimately speculation in another direction" (whatever you might mean by that). If you come to disagree with the point stated, try speculating with gold bars or coins and you will see the pain
Gold is obviously one such investment
Of course it's speculative. People are using it to speculate on regular markets and currencies faltering. Speculation makes up a vast amount of its value. You could also call it hedging, but hedging is ultimately speculation in another direction.
Just go for diversifying because it will help you to reduce the risk that you have right now because if you will distributed it and invest it on the good investments then you can earn from different sources and you can lower the risk level because you are not only depending on one source of income so if bitcoin will go down then you don't need to worry because you have some back up investments.
What I suggest you is to constantly look for solid ICO projects.
In what known universe is that diversification? Bet your ridiculously speculative gains on something even more ridiculous and even more speculative?
Approximately 93% of my value is in crypto now. I don't have any plans to diversify in the slightest.
Can you tell me which investment in the world isn't speculative one? All so ever, the main motive of investment is to get capital gains over years. Do you invest for security or for adventure?
Now it is funny that the person whose 93% investment belongs to crypto referring idea to invest in new crypto to be ridiculous.
Gold is obviously one such investment
Quite naturally, I refer to gold bars and coins, i.e. real and not paper gold, which gold ETF's only promise you but never deliver (especially if things are set to go massively wrong). People who are buying gold are doing that not for speculation purposes but to preserve the value of their wealth. But you should have that wealth in the first place, of course. Read you are already quite happy with what you managed to procure and don't want to spend time on earning more in an active way (like trading or something similar)
Even though Bitcoin is such an amazing investment, you must diversify.
"Never put all your eggs in one basket."
If you buy physical gold it is a good idea as well as some reliable altcoin, although that is nit necessary.
"Never put all your eggs in one basket."
If you buy physical gold it is a good idea as well as some reliable altcoin, although that is nit necessary.
Amazing story. I can't imagine that you have invested 75% of your money. You bought everything few years ago means you have almost earned more than thousand percent of your initial investment. So finally your patience and time got you big rewards in your life. Happy to see someone is climbing so much in the world of bitcoin. Good example of saving bitcoins for long time. :-)
Yeah this reminds me a song that is called "more money = more problems" but yes, if you wanna keep growing that money then do it, diversify, buy those coins that you see that can make a huge pump. Or if you wanna live in a flat do it too, but when you will have the flat what else will you have? if i was you, i would keep increasing that capital until you can make a good living.
I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.
It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?
I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year.
It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?
I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year.
Lucky for you, you were able to have bitcoins when the price is still low. I would recommend diversifying in other fields like purchasing a flat perhaps as what you stated. It can be a good source of income if you rented it out and have a passive income. Maybe you can take half of your investment in crypto and invest in other fields because we don't know what will happen in the future. Yes there is a possibility that bitcoin's value will double or triple from now but what if the opposite would happen or worse, you will lose your coins in something else. It's better to diversify and reduce the risks than having regrets later.
Diversifying and having a strong investment portfolio is important. This is a way to minimize the risk. For example, you invest in Bitcoin but you should also invest in something far from Bitcoin or any digital currently like stocks.
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