Hot take: Your crypto portfolio should have more than just Bitcoin. - page 3.

_BlackStar

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Quote from: cryptoaddictchie on November 09, 2023, 06:36:32 PM

Quote from: _BlackStar on November 09, 2023, 04:44:29 PM

-snip-

Thats a big of a pie but its also good. So can I ask which altcoin you are investing right now? I prefer some coins with utility like earning passive or dividend upon holding them or at least have used to gain potential income. Like launchpad coin buy as of now, only got 2 of that and majority are staking coins.

Of course - it's a big portion although not as big as you might think. LOL
I have ETH as well as BNB as investments - but as I said before, neither makes up more than 10% and each only accounts for 5% of my portfolio.

Over time, I may increase the budget for each of these investment assets - but I have a plan to keep the portions the same over the long term. I can confirm that ETH and BNB have given me worth it profits so far - but bitcoin's return remain much greater for me.

dezoel

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Well, it's true that one needs to do both, holding and trading, to keep earning profits constantly without having to wait for a certain amount of time before they get something out of their long-term investments. However, one needs to be careful about how they approach trading because those who are just investors might not be good traders if they don't have ample knowledge about it. So, someone who has just been buying and holding should first learn about how trading, or short-term trading, works before they venture into it.

Once they learn everything about trading and understand when and how they should buy altcoins and which altcoins they should buy, then they can start buying and selling altcoins for short time periods to get small percentages of profits from each trade, and they need to make sure that they are trading altcoins that are at least trusted instead of looking for higher profits.

cryptoaddictchie

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Quote from: _BlackStar on November 09, 2023, 04:44:29 PM

I currently have no plans to have more than two altcoins in my portfolio - but bitcoin is the only asset that already takes up 90% of my investment portfolio space so far. There's nothing wrong with diversifying - just don't do it across too many altcoin.

Thats a big of a pie but its also good. So can I ask which altcoin you are investing right now? I prefer some coins with utility like earning passive or dividend upon holding them or at least have used to gain potential income. Like launchpad coin buy as of now, only got 2 of that and majority are staking coins.

Dr.Bitcoin_Strange

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The reason why people are not usually advised to invest in altcoins is because the risk of chasing after altcoins is huge compared to the risk of Bitcoin investment. Some people may say that crypto currency is a risky investment, but Bitcoin is an investment that, when you buy in the dip, you will actually make some profit during the bull season. But for altcoins, what we only know is the pump and dump period, which we can't actually tell when and how it will happen. Archiving profit with most of these new and cheap altcoins is dependent on luck, and if their liquidity takes place, it can actually melt down your assets so much that you cannot even sell off anything to recover some of your capital.

famososMuertos

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The point is not to recommend, it is conviction, in fact it is a shame, although it is relative, that the idea is disintegrated solely into the idea of profit. Why?, we are in a bitcoin discussion, and not on a trading board.

In reality it can enhance your stay in bitcoin in many ways, being a bitcoin investor and only bitcoin is possible, but it is just as risky, but it is done, it is the idea of projects in many places in the world.(e.g.)

Obviously diversifying the portfolio in some Alts is not discovering "warm water" for those who are 100% holding bitcoin, if you have bitcoin the alts are not UFO objects, but based on that same concept, it is up to individuality to diversify for the Alts, In that idea, (my case) the monetary diversification would be 1000:1 , that is, I invest 1000 sat/sat and take 1 sat/ for any other asset, Alts, etc.

wallet4bitcoin

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Portfolio diversification is very important.

Every good investor understands what it means to diverisify portfolio. You can not depend on only one investment to make you the kind of mone you want and even if it can, what happens when there is a situation that springs up as a disaster not envisaged. We have to carry our eggs in more than one basket. In the words of Warrent Buffet, do not test the depth of the ocean with both feet.

The Cryptovator

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First of all, invest something that you can afford to lose when it's a cryptocurrency investment. Because all the crypto assets are highly volatile, anything could happen at any time. It's almost uncontrollable and unpredictable anyway. I agree with you that we shouldn't keep eggs in one basket. So it's better to split your crypto assets into different coins. But the important thing is to choose a potential altcoin. I recommend that you invest at least 50% of your portfolio in Bitcoin and the remaining 50% in altcoins. Because always, altcoin doesn't follow the trend of bitcoin, you can capitalise on your bitcoin investment during that time.

_BlackStar

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Quote from: cryptoaddictchie on November 09, 2023, 03:34:25 PM

Quote from: R100K-Martin-Lunger on November 09, 2023, 10:52:24 AM

-snip-

Id say you are right. But we cant force other bitcoin maxi to invest on other altcoins especially they knew the risk of super volatile compared to bitcoin. But there are lots of other people who grind with altcoins and converts it to bitcoin once they profited from that. Anyways, different strategies are being consider when it comes to investment. Some do dca and by this they are limitting their risk more.

So far I don't mind if an investor diversifies - that's good and certainly something to consider. Bitcoin isn't the only crypto that can provide investors with returns - but altcoin can also potentially provide them with returns. I'm certainly more confident about bitcoin over the long term than altcoin - but that doesn't mean I should ignore opportunities in some of the best altcoin.

I currently have no plans to have more than two altcoins in my portfolio - but bitcoin is the only asset that already takes up 90% of my investment portfolio space so far. There's nothing wrong with diversifying - just don't do it across too many altcoin.

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I think altcoins are way more riskier than bitcoin, I could understand having stables, in order to avoid taxation in certain countries... I would not diversify that much, a little gambling is OK, but below 5% of the portfolio

albon

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Quote from: R100K-Martin-Lunger on November 09, 2023, 10:52:24 AM

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

I do not entirely prefer short-term returns that are not worth such high risks. As for altcoins, I might choose Ethereum from among this extended list of altcoins in the market, but most of the capital will indeed remain in Bitcoin, as it is the dominant and safe currency. I have not regretted investing in and holding it for the long term, as it has withstood challenging market periods. Also, there is no guarantee of achieving huge profits in altcoins or even in the correct token, which may have the lion's share and deliver these profits and avoid SEC wars, thefts of its protocol, hacks & exploits of its chain, and rapid price collapses in short periods, as seen with Terra Luna token, for closest example.

If your goal is huge returns and a safe investment, put every dollar into Bitcoin and not be a short-term investor. Many indicators indicate that the 2022 bear market is about to end, and some events will add positivity to the market, such as the approval of Bitcoin ETFs, the halving event, and other developments that will drive Bitcoin's price to new heights.

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Quote from: Eternad on November 09, 2023, 11:55:19 AM

Quote from: R100K-Martin-Lunger on November 09, 2023, 10:52:24 AM

• By diversifying your portfolio with other cryptocurrencies, you can reduce your overall risk. Some altcoins may be more volatile than Bitcoin, but they may also offer the potential for higher returns.

I highly doubt that diversifying on different altcoins aside from Bitcoin will reduce risk since altcoins is more volatile than Bitcoin if we view the percentage of price change and not the value itself.

You can suffer a massive 50% loss on altcoins in just a day which you will not experience on Bitcoin. You can always use a leverage trading if you want to increase your profitability in short term instead of diversifying in altcoins that is more risky due to volatility.

That is only good if you end up with the right and sustainable altcoins but if you diversify bitcoin with random and too good to be true altcoins, then that would be a great loss on your part knowing altcoins will bring more risk of losing in your portfolio. Although some have experienced exceptional profits from some altcoins, but that is only very rare to happen because most of the time, altcoins will lead you more to losses than gains.

Diversification is not really bad as long as you know you are into coins with high potentials. But since altcoins these days are not that reliable than before, then the best decision is to stick with bitcoin. You will not lose a huge amount once you are into long term investing, and once you don't sell when the market is having a market crash or sudden price decline.

Japinat

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If you analyze it closely, diversifying your portfolio is actually a good choice. But if you mean investing into altcoins who are more risky than bitcoin, then I don't think that will give you more profits aside from bitcoin. In reality, that will only make you more capable to losses since altcoins are more on a pump and dump scheme, today their prices are high but after today, some have suddenly end up with zero value and that's how volatile and unpredictable altcoins are.

However, if you focus on bitcoin which is the lifeblood of the crypto market, you will have more control of your portfolio because you know the high potentials of bitcoin that even it gets dump, it will recover again eventually. If you really want to maximize your profits, then do DCA so that the volume of your bitcoin will increase, and not exactly that you will mixed up your portfolio with altcoins which you don't know actually if they can sustain the market for long or they'll just good at first and eventually lose their value in the long run.

cryptoaddictchie

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Quote from: R100K-Martin-Lunger on November 09, 2023, 10:52:24 AM

If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

Id say you are right. But we cant force other bitcoin maxi to invest on other altcoins especially they knew the risk of super volatile compared to bitcoin. But there are lots of other people who grind with altcoins and converts it to bitcoin once they profited from that. Anyways, different strategies are being consider when it comes to investment. Some do dca and by this they are limitting their risk more.

Cryptomultiplier

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Your take is quite definitive OP. However, diversifying ones portfolio at a time may prove more stressful than is thought. Can you actually keep up with price trends and market seasons to know which crypto would be profitable at the time?
Unless it's fulltime crypto investment taken as a career, one may need to consider a portfolio enriched with other profitable assets like real estate, gold, intellectual property and the likes.

goinmerry

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As long as a person understands very well how to manage several cryptos at the same time, then they are good to go.

There are lots of altcoins around and choosing what those should be included in our portfolio is not an easy thing to do. Yes, we have these well-established altcoins but the selection shouldn't just be limited to how well these coins are established right now. There are lots of factors to consider and our criteria for choosing will be based on how far we know everything in that said altcoin.

Diversification is always a good thing to consider but without proper management, a failed portfolio will be the result even how good those coins are.

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Quote from: dothebeats on November 09, 2023, 02:30:14 PM

Most altcoins also follow the route that bitcoin is taking anyway, so I don't think that's minimizing risk but rather enlarging it. Perhaps ETH and other crypto that are in the top 10 list would suffice, though I still doubt it.

If you're pretty serious about your investments, crypto shouldn't be your lone bet on this realm. You also should have investments on other traditional assets such as precious metals, real estate, or whatever that has value. Heck, paintings are the most secure asset to hold so far, but that isn't for the minnows and little guppies as one artwork could easily fetch a $100k price tag, and that's not even from a known artist!

I'd rather hold only bitcoins and the rest, some traditional assets rather than spreading my funds into the same volatile category and end up regretting it once it crashed.

You have said it all, there is no point diversifying to altcoins since they obey their king(bitcoins) and follow every of it's path, altcoins only deviates from this path by pump and dump scheme, so anything outside this, altcoins follows Bitcoin paths. I will advice you focus on bitcoins if you don't want to stand the chance of loosing your asset to scammers. Diversification in this case should go outside the crypto space. That's the best you can do

rachael9385

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However, everybody has what he or she likes but what I want to say is that I don't give a fuck to altcoins or shitcoins because they are more risker than any other crypto investment, although Bitcoin is also a risky assets but it is more safer than altcoins/shitcoins.
I can't try to run from safe to risk just because I am trying to divert or trying to spread my wings (money) in crypto, Bitcoin is what I know of and no other coins, even if I want to have a second thoughts on other coins, I might just think of an Ethereum coins but fir now it has no good value to me.

dothebeats

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Most altcoins also follow the route that bitcoin is taking anyway, so I don't think that's minimizing risk but rather enlarging it. Perhaps ETH and other crypto that are in the top 10 list would suffice, though I still doubt it.

If you're pretty serious about your investments, crypto shouldn't be your lone bet on this realm. You also should have investments on other traditional assets such as precious metals, real estate, or whatever that has value. Heck, paintings are the most secure asset to hold so far, but that isn't for the minnows and little guppies as one artwork could easily fetch a $100k price tag, and that's not even from a known artist!

I'd rather hold only bitcoins and the rest, some traditional assets rather than spreading my funds into the same volatile category and end up regretting it once it crashed.

Nwada001

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Quote from: R100K-Martin-Lunger on November 09, 2023, 10:52:24 AM

• Bitcoin is a volatile asset, and its price can fluctuate wildly in the short term. This can make it difficult to generate consistent profits by trading Bitcoin alone.

Are altcoins not volatile? If one is so afraid of bitcoin volatility, then they should stay away from crypto. If it's not volatile, how can you make a profit? Even some of the altcoins that are said to be stable are not that stable.

Having a diversified investment is a good idea, but when it comes to crypto currency, using volatility as an excuse for multiple investment options is wrong. Besides, you can never tell which altcoin is best for investment and which one is not, as altcoins have a greater risk when it comes to playing safe.

So if I have any advice, one should have a separate wallet for bitcoin where they can stock their holdings, and if they are altcoin lovers, they should do deep research before making any move to invest in them in order not to run into these 1-3 month projects that are just there for quick profit, and at the end of the day, investors are left to suffer for their mistake.

Bitcon still remains the best when you want to talk about safety, and if you must choose an altcoin, you can go for coins like Monero, which is also a privacy coin and has been here for a long time too.

GbitG

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Quote from: R100K-Martin-Lunger on November 09, 2023, 10:52:24 AM

• Bitcoin is a volatile asset, and its price can fluctuate wildly in the short term. This can make it difficult to generate consistent profits by trading Bitcoin alone.

Hmm, altcoins are less volatile than bitcoin. I totally disagree with this statement because you are comparing those things to those who don't have any guarantee to live more or neither. And they have more volatility; you never know when it will go up or down. While Bitcoin

Quote

• By diversifying your portfolio with other cryptocurrencies, you can reduce your overall risk. Some altcoins may be more volatile than Bitcoin, but they may also offer the potential for higher returns.

Diversifying your portfolio in Altcoin, in my opinion, increases rather than eliminates your risk because there is more risk in Altcoin than in Bitcoin. It is true that Altcoin can give you a high return in short terms, but it also brings high risk along with the return. While Bitcoin has a lower profit in the short term, it gives you a strong guarantee of the security of your return, while Altcoin does not. There is no guaranteed reliability.

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If you're a Bitcoin enthusiast who wants to make short-term gains, I recommend that you consider diversifying your portfolio with a few other altcoins. This will help you to reduce your risk and increase your chances of generating profits.

What do you think?

Unfortunately, I don't understand how altcoins can reduce risk or how they can be risk-free. I have not seen till now how you can be free from altcoin risk. Altcoins can't even be trusted to survive, let alone not. So it can be argued that altcoins offer less risk than bitcoin. Rather, the claim that Altcoin is safe is wrong; it is a different thing that Altcoin gives a high return along with high risk. But the safest and most risk-free investment is bitcoin, which at least guarantees a long-term high return and survival in the future.

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