Topic: I'm now all in BTC. All eggs in one basket! - page 15. (Read 3164 times)
It's not recommended but it's up to you, bitcoin is the king of the crypto space, putting all your money on it is okay as it's still dominating the market and whatever happens to the market, bitcoin will always survive. However, in terms of timing when to sell, you can't really put a specific date or whatsoever, you have to understand how the situation goes and always sell when the market is bullish as the current period.
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Wow! You've being hodling since 2013, thats a lot of time and its great your hodling up till date. About if it is wrong to put your hopes in one basket, I would ask this.Does all sayings apply to almost all situations?
My answer is; Likely not!
With that being the case, your decision @OP on hodling bitcoin might just be a very good one. For me alone, its no bad idea at all. Especially with the fact that, bitcoin is the mother of all altcoins and the available altcoins out there looks up to it for its growth or decline hence, with it being a pivoted point, your not likely to be wrong on investments in bitcoin aimed at hodling. So long as you don't loose, its a win.
If it's between going 100% BTC vs putting some money in alts, then putting all eggs in one basket is not a bad idea, because alts rely on BTC, without its bull market they wouldn't have gone anywhere.
If you have amassed substantial wealth, it's really important to diversify, Bitcoin is still a high risk asset, and the bear market will eventually come. I know its tempting to chase more and more gains by hodling, but IMO the most rational thing to do is to take some profit and put it in reliable assets like real estate, so in case something goes horribly wrong, you would still be wealthy instead of broke. Even if this decision would cost you millions in potential gains, if Bitcoin keeps going up with years, it won't matter much.
This is what I'm planning to do in this bull cycle.
If you have amassed substantial wealth, it's really important to diversify, Bitcoin is still a high risk asset, and the bear market will eventually come. I know its tempting to chase more and more gains by hodling, but IMO the most rational thing to do is to take some profit and put it in reliable assets like real estate, so in case something goes horribly wrong, you would still be wealthy instead of broke. Even if this decision would cost you millions in potential gains, if Bitcoin keeps going up with years, it won't matter much.
This is what I'm planning to do in this bull cycle.
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 mean if that's your take in bitcoin and you really believe in what bitcoin could do in the future nothing is wrong with that and I think it a great move since bitcoin is a great investment after all.
For me, I want to make the higher profit possible so I don't have bitcoin in my portfolio I just go with a higher ETH because I could make more profit in ETH than bitcoin.
Also, tons of potential low cap altcoins investment and most of it as NFT tokens because I think I love playing games and I believe this could be the big thing in the future.
Thanks. Yeah but as any individual I also have my needs and time comes when you need to make a move. Cannot wait forever you know...
Doesn't matter actually if you sell or hold another more years, you're in so much profit now. You can do/buy whatever you want.I wish I started that early in bitcoin, though I'm not too sure if I could hold it for such long.
Welp congrats. If you were able to wait that long time while there's not that much attention to bitcoin and its price on its early years, then I guess you can still wait another 7 years while bitcoin reaching another ath in almost every month.
Thanks. Yeah but as any individual I also have my needs and time comes when you need to make a move. Cannot wait forever you know... of course I plan HODLing but might need to sell a fraction at some point.
Welp congrats. If you were able to wait that long time while there's not that much attention to bitcoin and its price on its early years, then I guess you can still wait another 7 years while bitcoin reaching another ath in almost every month.
Well, perhaps you are holding a whole number of bitcoin which is pretty sure that has a good value right now.
Investing all eggs in one basket in the right decision is risky in my opinion because we know how potentially that bitcoin has when it comes to gaining profit. I like your holding strategy and you are able to hold that long without tempting yourself to sell some of your bitcoin and perhaps you have gained now how many times fold than your initial capital since 2013. That is really cool.
Investing all eggs in one basket in the right decision is risky in my opinion because we know how potentially that bitcoin has when it comes to gaining profit. I like your holding strategy and you are able to hold that long without tempting yourself to sell some of your bitcoin and perhaps you have gained now how many times fold than your initial capital since 2013. That is really cool.
You're already in profit and the risk that you bear isn't that much anymore unlike before when there were only few talks about bitcoin. It's known that the quotes about all eggs in one basket is quite risky but in cryptocurrency, IMHO, the risk is lessened if it's for bitcoin and other top altcoins but the favor always goes to bitcoin. My plan is to HODL too, I've done my part of selling at the earliest which was one of the wrong moves that I've done and I've learned from it.
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.
bitcoin was about 100 USD in 2013.
If you invested 2000 USD back in 2013 you have about 20 bitcoins (as you never sold any), which is about 1 million dollars.
I would sell at least 25% of those bitcoins and buy something solid like a house or some ETF if I were in your position...
I've only joined in late 2013 and earned BTC in the coming years as well. I think you're overestimating my earnings
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.
bitcoin was about 100 USD in 2013.
If you invested 2000 USD back in 2013 you have about 20 bitcoins (as you never sold any), which is about 1 million dollars.
I would sell at least 25% of those bitcoins and buy something solid like a house or some ETF if I were in your position...
My plans is not much different from yours just that you have been into bitcoin far longer than me, needless to say you already have more bitcoin, also I actually don't have any other alt-coins be it ethereum, litecoin, dogecoin and more, I am having a rethink and checking out coins like dogecoin or bnb I think it won't hurt to get some alt-coins to my portfolio, also in my plan is trading and trading with bitcoin, been doing final stages learning and trying out demo trades, but I can say it more of bitcoin for me in crypto-currency.
By not sold a bit, do you mean not sold any at all? Those would be very strong hands you got
If you plan on selling a bit later this year, that would help provide a cushion, should there be any unfavourable price movements as you've already pulled out some profits.
Is this a risky move?
It is a risky move in my opinion, but I think it's a wise one and doubt you are alone, especially on this forum. If you plan on selling a bit later this year, that would help provide a cushion, should there be any unfavourable price movements as you've already pulled out some profits.
I never sold a satoshi. It's hard to do it but I got used to HODLing. Also I don't trust any altcoin too much to be honest. HODLing is fun: no headaches!
By not sold a bit, do you mean not sold any at all? Those would be very strong hands you got
If you plan on selling a bit later this year, that would help provide a cushion, should there be any unfavourable price movements as you've already pulled out some profits.
Is this a risky move?
It is a risky move in my opinion, but I think it's a wise one and doubt you are alone, especially on this forum. If you plan on selling a bit later this year, that would help provide a cushion, should there be any unfavourable price movements as you've already pulled out some profits.
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.
Market cap is not a good metric to base investment advice on. Looking back a couple of years, the top five cryptocurrencies change very often, so one would have to change their portfolio once a new one comes in and one drops out. 
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?
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?
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