Investing all dollars in Bitcoin is nothing but a kind of nonsense. I have invested all my cryptocurrencies in a few steps. However, I have invested the most bitcoin. I have invested the remaining 25% etherium and I have invested the rest by selecting other points.
That's nonsense for me as we investors have different investing strategy and we do what we think will work for us. If you invested all your money on BTC in the early days, you would not have to work now as the funds have significantly grown which would give you an early retirement. Maybe diversification of investment would minimize the risk, but overall crypto is still a high risk. 
Topic: I'm now all in BTC. All eggs in one basket! (Read 3164 times)
Investing all dollars in Bitcoin is nothing but a kind of nonsense. I have invested all my cryptocurrencies in a few steps. However, I have invested the most bitcoin. I have invested the remaining 25% etherium and I have invested the rest by selecting other points.
All eggs in one basket is not the best plan in my humble opinion. For example, bitcoin falls by several percentage points when I write this post, and etherium turnover shows an increase of 0.5% If you have coins from at least the TOP-5 in any shares, it will insure you against the fall of any individual of them. Whereas if you only have one thing - the risk will increase, although the potential profit will also. The question is, do you need this risk or not?
You got that right putting all eggs in one basket isn't the best option, in a bull season I have seen some altcoin rise higher than others, this is more reason we should diversify our portfolio, holding only bitcoin might not fetch us the profit we want, yes we all know the crypto market is all about risk and reward, take the risk and win big, some people choose bitcoin because it's less risky due to it's volatility is much more lesser than that of altcoins. 
You will probably be called crazy by most people for doing this, honestly it's very rare to see anyone that is in to cryptocurrency buy and hold just one coin out of the thousands of altcoins scattered around the market, all eggs in one basket is a bit risky, but since it's bitcoin and not those shitcoins out there then you should do just fine, I'm expecting another bull run real soon, we need to get bitcoin to $100k before the year ends.
Bitcoin is a very good currency for investing but I think if you have a lot of capital, you can invest in bitcoin as well as hold ethereum. The value of both currencies is much better in the crypto market for longterm retention then you can make a profit from both sides in addition with the rise in the price of bitcoin many new altcoins are being added to the market and you can earn something in the short term by trading every day. By doing this you will be able to achieve profit in all aspects.
Bitcoin is the number one currency in crypto. So don't hesitate to spend your all to buy bitcoins. Maybe some people still think that buying bitcoin is now too late because the price is too expensive. I think it's wrong, the proof is that bitcoin prices can go up and continue to reach new ATH. 
Bitcoin is a very good currency for investing but I think if you have a lot of capital, you can invest in bitcoin as well as hold ethereum. The value of both currencies is much better in the crypto market for longterm retention then you can make a profit from both sides in addition with the rise in the price of bitcoin many new altcoins are being added to the market and you can earn something in the short term by trading every day. By doing this you will be able to achieve profit in all aspects.
I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
In my opinion, putting all eggs in one basket is not advised.
Bitcoin yields higher returns. It's a good thing that you haven't sold any since 2013.
But there are other cryptos that are as potential and powerful as Bitcoin. You may consider investing in them too.
Many innovative project are boosting in the crypto and blockchain space and they seem promising to offer better profits.
That's it.
The right decision certainly hold bitcoin in the long term, even that can be said to be a very long way. We here know that bitcoin has an increasing popularity in the investment things, even more people are now more familiar with Bitcoin. For me personally, I set aside for the long term and some in the short term, I use the short term for if there is a need in my life that cannot be denied.
Short-term trading could give good profit as well, the only requirement is you need to have good capital and you should be consistent in trading, we have the opportunity to make more money here since the market is so volatile, too risky but the reward is very satisfying.
For long-term investment, it's good for retirement, but you should also have a job or business to sustain your needs in order not to touch your long term investment.
The right decision certainly hold bitcoin in the long term, even that can be said to be a very long way. We here know that bitcoin has an increasing popularity in the investment things, even more people are now more familiar with Bitcoin. For me personally, I set aside for the long term and some in the short term, I use the short term for if there is a need in my life that cannot be denied.
Holding long-term in crypto means something different usually than holding long-term in the typical stock market. Still, holding onto something for 6 or 7 or 8 years is tough to do and when it is a market with extreme volatility and high uncertainty, it is even harder. When you hold stocks of a business, you can follow certain measures and adjust your portfolio. If you take a car company you can see their output, compare it to others, you know what the trends are and so on. There also won't be a law in one year from now that cars are forbidden in the future. Bitcoin is completely different and it requires a lot of critical thought to frequently conduct proper due diligence on your investment. Much more in my opinion that in the traditional stock market. Bitcoin turned out to be a great investment so far and it might keep doing so in the future, but staying up to date can be cumbersome.
The right decision certainly hold bitcoin in the long term, even that can be said to be a very long way. We here know that bitcoin has an increasing popularity in the investment things, even more people are now more familiar with Bitcoin. For me personally, I set aside for the long term and some in the short term, I use the short term for if there is a need in my life that cannot be denied.
To me, this seems like nonsense because investing all your assets in Bitcoin is nothing but nonsense. I have divided my cryptocurrency into several parts and invested the largest part bitcoin, The rest of the other parts of the market have invested on various coins.
I don't think it's nonsense because many people are too fanatical about just 1 or 2 coins, especially bitcoin which has the biggest marketcap and is certainly the safest crypto for long term compared to others crypto (altcoins).
It's okay, the market is always moving around Bitcoin. Crypto trends will end soon and capitalization will continue to flow to Bitcoin. That's how the market has worked for years. Holding Bitcoins and doing something else is a great thing. Until you really need money to sell your Bitcoins, Bitcoin will always be the best all-in investment. It's hard to believe you've been holding your Bitcoins since 2013. Really admire your perseverance.
you must be a tough guy because it is almost impossible to stay away from altcoins , i have traded at least 100 altcoins some of it was scam some of them went to moon but in the end i believe best strategy is find the strongest project like sol , link , dot , egld and hold it can u imagine what happens if u find the next ethereum at the begginning ?
The main reason why you are chasing 100 other altcoin is because you think you can invest in the next Bitcoin and earn a fortune and end up loosing money 
. It is a problem for many, rather than investing in Bitcoin for the long run and have patience they look for alternatives. I have invested in a few considering how the developers could convince us with their white paper and if you find good projects then even i will not miss them.Seriously, alt coins are not all that bad and you also don't buy a single stock usually and just sit on the sideline and wait without observing the market for other investment opportunities. Additionally, the space is fun and being part of it also requires a bit of effort and learning from time to time. When you read about an exciting new technology, why not give it a try with a little investment if you can bear it? I agree that Bitcoin is the safest bet for long-term investments, but that doesn't mean you should close your eyes and stop watching the space and also stop investing once and for all when you hold Bitcoin.
It also doesn't work that way for most of us to be honest. We are in this space because we are passionate about it, we want to keep track of innovations and we want to be part of what's happening. When you are a pension fund manager or so, you are probably not going to put money into alt coins of all different sorts, but as someone who is putting a lot of time and effort into the space also for enjoyment, it is almost impossible you aren't going to tap your toe into the waters and try some of the other cryptocurrencies. That keeps you involved, that is what drives you to read the newest articles and much more.
The fact there is putting all eggs in one basket is not good, but from the look of things I think your case is different, you invested in bitcoin long time ago and by this time you are already in cool profit, so I think you should take profit and allow the rest to flow, investing only on bitcoin can be good as well because it helps to reduce the risk of loosing, altcoins price movement is determined by bitcoin, If bitcoin is down by 10% some altcoins might already be down by 30%
I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I think that it will be much more profitable if you diversify and pick up the bag of different currencies. Even if you don’t trust altcoins, you can choose something reliable like Ethereum and BNB. If you are not tolerant to risks, don’t choose new coins or some that are not in top-100 on coinmarketcap. Also you can invest in stable coins and then invest them in defi-projects to get interests from staking.
Your patience for long time is appreciated.You will be already in good profit. But if you diversify some of your funds in top other coins then Return is much more than this.
Risk factor for holding BTC is less than the others.
Risk factor for holding BTC is less than the others.
He deserves success because of his patience for a long time. holding for a long time is the best strategy, actually I want to hold bitcoin for a long time but because of the temptation to buy new things made me sell bitcoin a while ago, and now I will start to buy and hold for a long time.
To be honest, I don't think that it is a good choice to put your all eggs in one basket. I think that you should diversify you investments like Bitcoin, Ethereum and BNB for example. Because when you invest into only one cryptocurrency, you wish it to go higher as it's your only choice. But if you invest into some other cryptos also, then you may lose money in one of them but make a good amount of money in the other one(s).
Well, if you are young enough and you feel ready to bear a big risk, it can pay off to go all in. A lot of people made it that way and became golden, but many many more than those who succeeded probably failed. If you are young there is enough time to recover from a backlash, but I wouldn't act the same way when I had kids or were older (unless I have nothing to lose anyway).
I just saw the name of the topic, i have no idea what anyone said here but sometimes .... better to be yolo instead of actually doing something or trying to invest some overall money just for some potential benefit with a diversified portofolio.
from time to time is good to try your best only on one idea. nothing more just that, that's like a feeling that we all should have and nothing more..
i hope this doesn't upset any smart ass but i have the right to say to anyone: man if you want to risk, go for it. being safe aint all the time the best option you can have.
from time to time is good to try your best only on one idea. nothing more just that, that's like a feeling that we all should have and nothing more..
i hope this doesn't upset any smart ass but i have the right to say to anyone: man if you want to risk, go for it. being safe aint all the time the best option you can have.
To be honest, I don't think that it is a good choice to put your all eggs in one basket. I think that you should diversify you investments like Bitcoin, Ethereum and BNB for example. Because when you invest into only one cryptocurrency, you wish it to go higher as it's your only choice. But if you invest into some other cryptos also, then you may lose money in one of them but make a good amount of money in the other one(s).
I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I think that it will be much more profitable if you diversify and pick up the bag of different currencies. Even if you don’t trust altcoins, you can choose something reliable like Ethereum and BNB. If you are not tolerant to risks, don’t choose new coins or some that are not in top-100 on coinmarketcap. Also you can invest in stable coins and then invest them in defi-projects to get interests from staking.
Buying only bitcoin is the safest approach but it wont give bigger returns like other altcoins can give. Bitcoin is not 45000$ and when it reaches 90,000$, your investment will be double. However, by investment in smaller altcoins, your investment can easily become 5x-10x range.
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