Diversifying? - page 4. | Bitcointalksearch.org

Qartersa

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Quote from: NUFCrichard on August 22, 2017, 09:11:46 AM

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.

At the time you bought your BTC for sure it was not that much money, so there was no diversification problem. But due to the price increase, this would mean that compared to all your fiat investments bitcoins are now a huge chunk of your assets. I would say that you don't need to diversify since there is great opportunity to profit here and you should just ride out the wave first. It's still your investment.

NavySeals

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Quote from: NUFCrichard on August 22, 2017, 09:11:46 AM

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.

Great to see another believer of bitcoin like me. I followed the same pathway like you. I diversified my total budget intot the categories.

50% for bitcoin
20% for ethereum
15% for USDT for possible buy opportunities
The rest 15% is for promising and strong altcoins for long term.

You can create a similar portfolio.

Lyancy001

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For having that huge money, you should. You could try some other business. Trading could also be good, but you should study it well tho. And try to donate some to charity.

P2Pfinder

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Quote from: NUFCrichard on August 22, 2017, 09:11:46 AM

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.

I think you need t start to hedge your position (easiest way is to open some intraday sell trades and close it at the end of day)

gentlemand

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Welt Am Draht

Quote from: webtricks on August 22, 2017, 10:22:12 AM

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.

If I did then I'd buy a couple of lumps of gold for a laugh, some lockup garages or paddocks to rent out (I wouldn't bother with anything involving tenants, too much red tape, tax and potential for expenses, disaster and arseholes), a little bit into reputable P2P lending, drip feed into some trackers, and if you can afford to buy a place to live then that's a no brainer too.

CyberKuro

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Recent surges is so tempting to get profits and I've got my share, just a bit but enough for several months I guess.
Diversify is always a better way instead of depend on 1 source, if you can buy a flat or something, then buy it. I always want to buy gold, land, or make a business to create another source of income or long term investment. But, do not buy some things that will costs even more monthly such as car or something like that. Bitcoin is a great investment as well, so do not sell big part of your savings, just 20%-25% will be enough.

carlisle1

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Campaign Management?"Hhampuz" is the Man

that's the great rewards being a believer mate I think with how you grow your investment in terms to fiat value for sure you will be able to put some business from where you are right now, diversifying but looking for another opportunity would be a great option doing both with bitcoin and another source of profits
like investing with real food business or service which is needed from your country will give you twice income.

webtricks

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Quote from: NUFCrichard on August 22, 2017, 09:11:46 AM

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.

Yes, diversification is indeed required. Although Bitcoin has much more potential left to rise but we really can't anticipate future. Let say if BTC drowned to $2500 or less, it will be major setback for you. What I suggest you is to constantly look for solid ICO projects. Periodic investment in new projects can help you multiplying your investment in short period and will balance your losses in Bitcoin investment if any in future.
However being Bitcoin believer, I think it is still far below the saturation point and can cross new milestone in coming years.

Fatunad

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Quote from: NUFCrichard on August 22, 2017, 09:11:46 AM

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.

This was really an inspiring story for someone who did invest 75% of his money into bitcoin and not only that he did bought on cheaper prices.This question would really depend on whats on your mind and just follow on the things on what you mind and heart do tell you.You can actually cashout those money you piled up and cherish the profits that you waited for long but i bet you wont really do such thing.In this case if you are asking if its good to diversify then we all know here that diversifying is always be a good step for us too make because we do add up our options or back up plans if one would fail.

iamTom123

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I think you should be happy that you were able to exploit a very good opportunity presented by Bitcoin. The recent dip in Bitcoin price is very temporary and soon it can be jumping like a cow with full energy again. All of these talks about bubbles and dips are just there to warn us to also diversify...and with 70% of your money in Bitcoin I think that is already good.

I am congratulating you for a well-made decision years ago. I wish I am in the same situation as you are now but maybe luck was not on my side then. All I can do is invest today hoping that years from now Bitcoin can really be very valuable. Anyway, as we don't really know what can happen tomorrow it is good that you are also thinking of diversifying.

NUFCrichard

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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.

Topic: Diversifying? - page 4. (Read 1395 times)