Putting eggs in one basket is the most risky thing because when the basket falls, of course all the eggs will be destroyed.
Holding bitcoin for 9 years in my opinion is a very good strategy, but few people can do it because we have to have a lot of patience and a strong mentality.
Topic: I'm now all in BTC. All eggs in one basket! - page 11. (Read 3164 times)
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.
If you think you are comfortable with that strategy, the floor is always yours to decide on, and don't mind others.
Holding for a long time now, you should already know what you are doing including all the risks that you will face.
Trust your own decision. You won't do it if you aren't sure in the first place.
At this point the best strategy is to keep invested in Bitcoin. If you disagree, then tell me the name of a single altcoin which is not overpriced right now. We have shitcoins such as Doge and Ripple approaching the $100 billion market cap. Now let's not forget what happened after the alts got inflated to such levels in 2017. Many of them lost as much as 99% of their value in 2018. I am not going to say that it is going to repeat for sure, but those who are investing in these coins need to be cautious.
I think OP is having a somewhat unintelligent strategy at the moment, because if you have a lot of evil up until now, you should also consider protecting the achievement and waiting. Next opportunity from this market. My goal is to sell off all the BTC I bought before when it reaches $70000, and wait for another opportunity to buy it back.
But I wonder how long virtualdn is planning to hold his Bitcoins. He has mentioned that he would sell only a small part in November, if things would go well. I wonder what is the price level, when virtualdn would say that it is enough to hold and it is time to spend and have joy.
Interesting notice - in current topic people popular thought is to say that going all-in in Bitcoin is dangerous, while in other topics people advice that the best investment is a Bitcoin.
Interesting notice - in current topic people popular thought is to say that going all-in in Bitcoin is dangerous, while in other topics people advice that the best investment is a Bitcoin.
Its a bit risky to put all your eggs in one basket because if something went wrong then you dont have any other investment to count on. However we are talking about bitcoin so I think its not really a bad idea, bitcoin is the top crypto and profitable to hold especially for long period. But its better if you consider to take profit, whats the point of holding if you wont take profit (even 30%) to enjoy your earnings?
Anyway I wonder how much bitcoin you currently have since you said you're holding since 2013.
Anyway I wonder how much bitcoin you currently have since you said you're holding since 2013.
I don't want to just buy bitcoins. I think buying a few coins would be better, less risky and higher potential profit. Like now the price of bitcoin is sideway, but many altcoin are uptrend. That's why it is important for us to do a diversification.
Actually putting all your eggs in one basket is not good, but considering your actions and reasons, I would say your wise. Bitcoin is the father of all cryptocurrencies if it falls a bit altcoins falls deeply, so I think investing all you got on bitcoin is safer than splitting your funds! Reason being that bitcoin is a very strong potential coin and doesn't fluctuate like most altcoins, the only thing you will be missing out is the Roi percentage your supposed to be benefiting from altcoins, because if bitcoin rises by 10%, some altcoins will rise by 100%. So you benefit more while investing on altcoins.
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?
Considering the long while you were able to hold your bitcoin, it surely has a huge value right now. It is not really a good idea to put all your eggs in one basket because nowadays, there are a lot of altcoins that are emerging so diversification is the best way to make your profit grow more. If you are too confident with your investment in bitcoin and since the success of bitcoin is truly sensational, we cannot criticize what you are doing so it would be best to stick to that if you have much earning. Just don't be afraid to try your luck on other coins, maybe you can diversify some of you earnings from bitcoin. 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'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?
great Decision mate but mind telling us How long will you plan keeping this holding?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?
- 0-1 Year
- 1-5 years
-5-10 years
This is important Idea for others as some of us are looking for this advise and wanting to be with the same Boat with others.
continue on your plan because your more safer in bitcoin than forcing yourself to invest in others and pick a bad coin because your not in a mood .
it is risky but is there a safe investment ? all in or diversify, the risk is there .
you have ltc but ltc's value have also improved like btc and it can improve more in the future . dont under estimate every coin you have and make sure that you have access to the walet or the site where you store them .
it is risky but is there a safe investment ? all in or diversify, the risk is there .
you have ltc but ltc's value have also improved like btc and it can improve more in the future . dont under estimate every coin you have and make sure that you have access to the walet or the site where you store them .
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?
Wow all in BTC and haven't sold a bit since 2013 so i must assume that you are already gained or earned a profit from your 2013 investments if ever you were going to sold it today.
But to be honest, in my own opinion and perception I guess putting all eggs in one basket somehow wasn't that practical though the risks was always on the picture of investment but I guess considering of investing to other top altcoins was good too but of course it is your money and your rules.
As profitable bitcoin may seem to most of us, it's still not good to invest all of your money into it, as it would be best if you could diversify your money to different assets on the market. Bitcoin is still susceptible to losses and huge dips, it would be best if you could invest some of your money in something else, preferably crypto, as long as you don't go balls-deep in bitcoin.
Is this a risky move?
Every decision in crypto will always require a risk at least. And how high the risks will depend on the decision itself. Fortunately, you put your money in BTC in which is likely the most valuable crypto at all. I persoanlly a fan of Bitcoin, but telling the truth, not putting all into Bitcoin, still having some altcoins (mostly top coins)in order to take profit in short term.
If you are willing to still hold, I personally will take some profits in several stages or at least before thebullish time will sell mroe than 50% of the assets. And then take or buy again in the next bearish market to hold for long term period.
Putting your biggest part of investment into Bitcoin is a wise choice and of course it is a good one for we do know its potential and capability to further grow as time passes by. It is just that you must not just put all of your money into one basket. There are still other worthy cryptocurrency out there and it is just up to you to choose and explore. It will also be a good thing to diversify your investment into some sort of coins that will be worth the spend. You just have to be wise on picking to get the worthy ones.
Then your investment is safe, Majority of the altcoins are fake and has low economic support, people are rumoring since the creation of bitcoin that one day altcoin will surpass the Bitcoin, But It will never happened, most of them are emotional or hatter cause they don't have any Bitcoin to their holding, they do not try to understand that the Bitcoin marketcap is the power of the whole crypto market that's why altcoin start falling faster if Bitcoin start making falling wedge. I think holding Bitcoin is perfect decision and it will make you happy in future.
From the little experience am having I believe the Bitcoin you are holding is not really a bad idea one of the best coin I will always advice people to buy is bitcoin because bitcoin controls all other coins if bitcoin is pumping other altcoins will also pump and if bitcoin is dumping other altcoins will also dump but I believe even if you are leaving higher percentage of your investment in bitcoin I believe you don't have to put all your egg in one basket meaning you don't have to invest in only bitcoin you can definitely invest in other altcoins too there are lot's of coins which you can buy. I believe you should do more research and sell some bitcoin and enter some altcoins.
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?
Your money your choice.
Risk is always the investors prerogative.
Good Luck to you.
Does this mean you finally sold what Doges you had left, so you are done whining about Dogecoin.
However it is not a good decision to stay in one crypto only when there are many newcomers which are highly profitable. For example, safemars, safemoon, shiba inu, akita inu and various other coins are the ones that gave very good profits compared to what btc gave (I am speaking about this year only).
Yes the altcoins you mentioned have given huge profits. But who knows that these altcoins will moon? There are even more altcoins, especially new altcoins that the price dropped and many got rekt. Investing in altcoins especially new ones is high risk but high reward if you are lucky if not you will end up in huge losses.
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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?
There is a common saying that "Don't put all of the eggs in one bucket". But this does not apply at all to Bitcoin, it applies to Altcoin. The real Bitcoin Hodlers have never suffered a loss, Only those who have done panic selling have suffered losses. I have started my long position when the price of Bitcoin was below 10K and I will short when it will reach to 100K target.
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