I'm now all in BTC. All eggs in one basket! - page 13.

peter0425

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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?

If you can handle the risk then why not, We have been in the same situation for long years now, yet some still do not believe in Bitcoin capacity , when the price climbs up to 20k many praises the coin but when the price fell down 4k in 2020 so many had attack and discriminate bitcoin investing . and now that it climbs up to more than 60k yet resisting to believe.. i don't know how to label people inside.

virtualdn

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Quote from: Sanugarid on May 10, 2021, 05:57:37 AM

Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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'm curious and I want to know how did you manage to hold for such a long time? Like Holding your BTC since 2013 is really admirable despite all the temptation to sell your BTC on a 300x profit still you manage to hold up until now. It doesn't really matter if you decide to sell all of your BTC for profit, you gain more than enough profit in comparison with the BTC price before.

I don't know I just did. I thought $20,000 per coin is still nothing for BTC and also the current price doesn't show its true potential. This coin should stay in the $xxx,xxx range where it belongs.

arwin100

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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?

Hope your not a weak hand person since BTC dominance is so low this days and expect that we can possibly see bitcoin slowly grow as the peoples interest are now shared on alts, but if you can able to hold for more yeard maybe in next 4 years well you might see a better result than holding it for short term period.

freedomgo

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Quote from: masphie on May 10, 2021, 06:01:07 AM

Ok, let say i have 1 bitcoin.
I will hold until high price in this year. But still analyze it and pay attention to the issues out there.
After the highest price is reached, i am sure will sell all in my assets.

You will never know what is the highest price if you don't have a target. Actually, it's nice to invest but always find the best timing, and IMO, a bull run is not the best timing to invest, if you look at the history of bitcoin, you'll see that big correction happens after a bull run, so maybe it's best to wait that period.

masphie

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Ok, let say i have 1 bitcoin.
I will hold until high price in this year. But still analyze it and pay attention to the issues out there.
After the highest price is reached, i am sure will sell all in my assets.

Sanugarid

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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'm curious and I want to know how did you manage to hold for such a long time? Like Holding your BTC since 2013 is really admirable despite all the temptation to sell your BTC on a 300x profit still you manage to hold up until now. It doesn't really matter if you decide to sell all of your BTC for profit, you gain more than enough profit in comparison with the BTC price before.

Chato1977

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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?

Salute For you OP , how come that you managed to Keep holding up to now? because the prices of Bitcoin in the past is really tempting and lustful to sell out.

Quote from: doctor877 on May 10, 2021, 02:18:54 AM

as far as i know bitcoin is still a very well performing crypto, holding it alone isnt a bad thing. you can take profit anytime you like and also buy dip when it goes down. confidence in what you invest into is very important which is why you are all in on bitcoin alone.

Bitcoin Holding will never be a bad thing because this is the most trusted coin and futuristic up to now.

bakasabo

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Quote from: virtualdn on May 10, 2021, 02:39:06 AM

Quote from: bakasabo on May 10, 2021, 02:23:40 AM

Going all-in in a single asset is always a risky strategy. What led you to such decision? You risk not only becoming a life-time holder, but you could also miss other opportunities to earn. Just look how Ethereum price grows up every day. Daily price increase in % of Ethereum is higher than Bitcoin. Going all-in you are missing opportunities to earn on a short term. I would suggest to diversify risks. Go with most of your bank into Bitcoin, but keep 10-20% for a short earning opportunity/quick decisions.

Yeah probably Ethereum can grow 3x times from now but I'm sure BTC will grow 3x times as well in the near future, so no need for extra headaches.

While it can be easy to triple the BTC amount by investing in alts it's also a risky business and you can lose what you got so far, so I prefer no extra worries.

BTC makes x3 in the nearest future? From ~$60k to ~$180k ? I envy your trust in Bitcoin

It makes hard or to believe in such a grow. If this really happens soon, this easy and huge amount of money would impact on the world economy greatly.

But why dont you put on a scale "earn now with Ethereum" and "earn in the near future with Bitcoin" ? Before you answer, I suppose your current financial position suits you perfectly, because you can allow yourself to invest and just wait till your dream comes true.

rhomelmabini

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Quote from: Shasha80 on May 09, 2021, 09:47:11 PM

I agree that everyone has their own right to do what, if indeed the opening post feels that all in Bitcoin is more profitable, why not do it.
Besides,
I agree that there are no disadvantages with investing entirely in Bitcoin. But it is better to diversify, in order to reduce risk in investment.
Because I still believe that we shouldn't keep all our eggs in one basket, if we really want to be successful in the investment world. But I also
can't
force people to agree with me. In the end, we will take the risk ourselves. So think carefully before making a decision.

Everyone has their own right judgment of what they gonna do on their own investments and yeah it's all taking the risks involve, AFAIK there are other more hodler out there that doesn't diversifying their investments and just hold BTC. I just suggest to OP that he should find a financial advisor if he/she is still undecided or just made this decision unexpectedly.

virtualdn

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Quote from: bakasabo on May 10, 2021, 02:23:40 AM

Going all-in in a single asset is always a risky strategy. What led you to such decision? You risk not only becoming a life-time holder, but you could also miss other opportunities to earn. Just look how Ethereum price grows up every day. Daily price increase in % of Ethereum is higher than Bitcoin. Going all-in you are missing opportunities to earn on a short term. I would suggest to diversify risks. Go with most of your bank into Bitcoin, but keep 10-20% for a short earning opportunity/quick decisions.

Yeah probably Ethereum can grow 3x times from now but I'm sure BTC will grow 3x times as well in the near future, so no need for extra headaches.

While it can be easy to triple the BTC amount by investing in alts it's also a risky business and you can lose what you got so far, so I prefer no extra worries.

doctor877

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as far as i know bitcoin is still a very well performing crypto, holding it alone isnt a bad thing. you can take profit anytime you like and also buy dip when it goes down. confidence in what you invest into is very important which is why you are all in on bitcoin alone.

bakasabo

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Going all-in in a single asset is always a risky strategy. What led you to such decision? You risk not only becoming a life-time holder, but you could also miss other opportunities to earn. Just look how Ethereum price grows up every day. Daily price increase in % of Ethereum is higher than Bitcoin. Going all-in you are missing opportunities to earn on a short term. I would suggest to diversify risks. Go with most of your bank into Bitcoin, but keep 10-20% for a short earning opportunity/quick decisions.

davis196

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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?

If you can afford to lose your investment and you are OK with the risk,then there's nothing wrong with having all your capital invested in BTC.I don't think that altcoins are a real hedge against a possible BTC price drop,because their price is following the price of Bitcoin,so having BTC+many altcoins in your portfolio isn't real diversification.
I'm not so sure that the Bitcoin price will boost like crazy around November.Nobody knows when the new bull run will happen.It might be sooner than November,or it might happen in 2022.

AniviaBtc

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Many investors said that "don't put all your eggs in one basket.", and for me, I think that this is true.

There's a lot of opportunity in the crypto market and I know that it is your own strategy to put it all in bitcoin, so good luck!

Hoping that you can make your decision more profitable than other options so that you don't have any regrets in the future.

Leviathan.007

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Actually, that's not the best plan and people usually advice to don't put all the eggs in one basket. No matter how sure you are about your investments and your plan, there is always a risk of losing your money. If this happen you would lose everything. I believe in bitcoin myself and according to what we see in the history of the market, bitcoin can be used to keep your safe from the inflection rate. But, still there is a risk of losing your money, specially when we are talking about cryptocurrencies.

Poker Player

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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?

There is a lack of information in what you say. All in Bitcoin means you have absolutely nothing else. You don't have a paid off house or at least some equity in your mortgage? No cash? Another thing is that you are all in in terms of investments, and you have a half paid house with good equity, for example.

It's risky, but the risk carries a potentially higher return if you do well. In my case I am more diversified.

SaShiRaJaVu

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Quote from: virtualdn on May 09, 2021, 02:47:49 PM

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.

Since you are holding the coins when the price of Bitcoin was really low there is no risk and you have the freedom to hold as much long as you want. I did book my profit for the coins i was holding and considering how we usually see a major correction after every major rally i do believe that i will get the opportunity to enter the market again and good to see that you had the ultimate patience to hold the coins for this long without booking any profit.

maxreish

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Good choice OP, you see litecoin has been doing well recently now near $400. But I never put all my eggs in one basket. Not only I hold litecoin but also other coins.

Well, on the other hand you can decide it on your own. As I can see, it is still a good decision that you bought litecoin before. Looking at how it may be a profitable altcoin now, there nothing to worry about if you put it all in in litecoin. Because we all have our own trading investment goal and plan.

Kakmakr

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I am not a huge supporter of a "All In" strategy, when it comes to your financial portfolio. Everyone should consider having a mix bag portfolio, with some exposure to Low / medium and high investment options.

Most of your investments should be distributed between medium/high risk, when you are still young and when you are older, your investments should be divided into a strategy like this ==> (50% low / 30% medium / 20% High risk)

Bitcoin and Crypto currencies are high risk investments and nobody should go "All-in" ...no matter what age group you fall in. Angry

acener

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Everyone have there own investment plan and I agree that putting it all in one basket isn't a good one,
But it might be better than forcing yourself to invest in other that you don't really trust.
If you think that you would earn more by doing it then you should pursue it, It is your money you control it so good luck.

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