I'm now all in BTC. All eggs in one basket! - page 2.

gwdf1

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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 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.

Abiky

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Quote from: Hobo66 on August 08, 2021, 08:11:01 PM

Whatever you invest in...just remember in order for your 1k to double if you choose BTC, it would also need to double. I say use the money to invest in ALT coins.
ETH would double and triple if not more while BTC wouldn’t even double from here. Maybe it goes back up to 60K

Investing in a single cryptocurrency is an extremely risky move. You're better off diversifying your investment into different coins to minimize risks as much as possible. It's no secret that Bitcoin is an extremely-volatile crypto asset. Prices go up and down constantly, making you either poor or rich in an instant. I've seen times where Bitcoin goes down, while some altcoins go up. Ethereum is a good example of an altcoin that goes up when Bitcoin goes down. You'd earn a lot more money by holding multiple cryptocurrencies and selling them at the right time. Combine your traditional crypto investments with stablecoins and you'll be on a road towards non-stop success.

Ultimately, the decision of buying or selling a coin lies in yourself. As long as you play your cards right, you'll have nothing to worry about. Bitcoin is set towards becoming extremely valuable in the future, so what better way to multiply your money by investing in it now? The future is all about crypto/Blockchain tech, so investing into any prominent crypto asset is a smart move that will make you financially stable for years on end. Just my thoughts Grin

Freezingel

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Quote from: tiCeR on August 10, 2021, 07:59:15 AM

Quote from: ene1980 on August 09, 2021, 04:22:47 AM

Quote from: nelliella on August 09, 2021, 03:47:52 AM

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 Tongue

. 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.

Agree. Bitcoin sure is great, but nowadays there are quite a lot of altcoins which have a great potential too. I don't say that putting everything in one basket is bad, although it might have a big risk, it'll surely have a big chance of profit in return as well. However, if they can find other profit opportunity in those altcoin, why pass them on? Especially bitcoin sometimes went down as well, so having some profits from altcoin might help. But well, if they just want to put all in bitcoin and plan it for long term without needing some short term profits then i guess it's ideal enough.

tiCeR

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Quote from: ene1980 on August 09, 2021, 04:22:47 AM

Quote from: nelliella on August 09, 2021, 03:47:52 AM

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 Tongue

. 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.

monig

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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.

isaac_clarke22

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Quote from: nelliella on August 09, 2021, 03:47:52 AM

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 ?

Yes it is possible. If you're into long-term hodling BTC, most likely you're gonna just root with it and never ever look again into other coins.
You could be trading other coins, but in the long run, it is still gonna be BTC.

Should I also call myself a tough one? Roll Eyes

Bullethead21

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I dont give any advices but I did the same like you but I started in 2011. I put all my Money in one basket "Bitcoin" and it was no fault ;-)
Bitcoin is for me still good, but I go with the tech instead the secure and I swapped arround 4 weeks ago, all my BTC into Ether.
Ether is for me at the moment a gamechanger... POS is the next big think for me, because with BTC I had the problem, that if I want to take some consum I need to sell my BTC... The BTC holdings dont grew up, counted in BTC, only in USD.

POS will give me yearly actually arround 6%, which is still after paying taxes enough... Thats why I changed full into Ether. If longterm BTC or Ether will make the run its not important for me... I get my POS Reward and can have still fun, without touching my Ether Base holdings.

Wawa2013

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Quote from: awik p on August 09, 2021, 07:36:52 AM

Quote from: Wawa2013 on August 09, 2021, 07:13:05 AM

Quote from: dunfida on August 06, 2021, 06:47:32 PM

Quote from: Wawa2013 on August 06, 2021, 06:37:32 PM

~

Going all in isnt bad as long you do know the risk and also going all in with bitcoin is much more better rather than on considering some shit coins in the market.So i would really be taking this as a good step

but not all would really be that keen on investing on a single coin and would diversify on certain coins in the market.Its your money though so its your decision to take because when it comes to losses

you are the only ones who would experience it not us. So be careful on what decisions you would take.

I believe everyone has their own strategy when it comes to investing in cryptocurrencies. There are people who don't want to be bothered
by doing research or analysis, for reasons of busyness, so he only invests in Bitcoin which is proven to be safe. We can't blame other people
for going all in Bitcoin, it's their right to do that, because they have the authority to use the money they have. Let everyone make their own
decision, because the risk will be borne by each person. It's better to focus on our own strategy than to waste time thinking about others.

the rest we can only give advice, which is a decision for each individual. I don't think there's anything wrong with investing only in bitcoin, where the investor just wants to hold it for the long term and doesn't want to make things difficult for themselves. it is different with investing in new altcoins, where we have to monitor, analyze and must be careful with the analysis we have made, and even then sometimes we are still wrong in analyzing it. by investing in bitcoin then we can do other activities in peace

I agree that in the end we all can only give each other advice, because the final decision is in the hands of each of us, so make sure we do some
research and analysis before making a decision. So we can avoid taking wrong decisions, most people who fail to invest in crypto, because they
depend on the opinions of others which are not necessarily accurate. We must be able to do research and analysis by ourselves, so we can know
which coins are potential to buy. So if the results of our analysis are only profitable investments in Bitcoin, there is nothing wrong with going all
in Bitcoin. Because investing in altcoins is more complicated and not as safe as investing in Bitcoin.

spyderbilt

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I think you have thought carefully if you put it in one basket. I think you are ready with all the risks.
being in one BTC basket or trying to split across multiple altcoins it doesn't matter, what matters is your management and your management. I hope you're lucky

mrongos

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Quote from: kevinzxz on August 08, 2021, 06:30:03 PM

I think if you are all in Bitcoin, then it is not too risky for you, because Bitcoin is the king of cryptocurrency, so it is good to be used as a long-term investment, because the price will definitely increase and can give you a big profit in the future, so it's indeed a good choice for you to make a long-term investment, it's just that the profit you can earned by investing in Bitcoin can't be as big as altcoin, because I think the profit you get depends on the risk and the risk of investing in altcoin is very big compared to Bitcoin, so of course the profit you can get from investing in altcoin can be bigger than Bitcoin.

it's also true as you said, if we are in bitcoin, the risk problem is definitely very less, we will definitely get profits, but it takes a long time, it takes tremendous patience, in contrast to altcoins which have big risks and we can also get big profits. big,, but we also have to save a little of our money in the bank, for our daily needs..

Sollaes

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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?

Bitcoin is the safest and the most reliable token, moreover all altcoins follow its global trends, so I don’t think that it is risky to invest all your capital only in Bitcoin. On the other hand, it is better to hold several coins, because this way you can earn more, as when it is a bull run. Bitcoin grows and altcoins grow even more, you will get much more.

awik p

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Quote from: Wawa2013 on August 09, 2021, 07:13:05 AM

Quote from: dunfida on August 06, 2021, 06:47:32 PM

Quote from: Wawa2013 on August 06, 2021, 06:37:32 PM

It's not a bad idea to go all in Bitcoin, especially if we are new to the crypto world and don't have enough knowledge to look for other good projects
for investment. It is better to invest only in Bitcoin, than to choose the wrong projects. But maybe the results will not be optimal, because there are
actually several potential altcoins that can provide large profits. That's why I always recommend continuing to study the crypto world, so that
we can choose good altcoins for investment. So we can make more profit from the crypto world, however it is better to store eggs in several baskets.

Going all in isnt bad as long you do know the risk and also going all in with bitcoin is much more better rather than on considering some shit coins in the market.So i would really be taking this as a good step

but not all would really be that keen on investing on a single coin and would diversify on certain coins in the market.Its your money though so its your decision to take because when it comes to losses

you are the only ones who would experience it not us. So be careful on what decisions you would take.

I believe everyone has their own strategy when it comes to investing in cryptocurrencies. There are people who don't want to be bothered
by doing research or analysis, for reasons of busyness, so he only invests in Bitcoin which is proven to be safe. We can't blame other people
for going all in Bitcoin, it's their right to do that, because they have the authority to use the money they have. Let everyone make their own
decision, because the risk will be borne by each person. It's better to focus on our own strategy than to waste time thinking about others.

the rest we can only give advice, which is a decision for each individual. I don't think there's anything wrong with investing only in bitcoin, where the investor just wants to hold it for the long term and doesn't want to make things difficult for themselves. it is different with investing in new altcoins, where we have to monitor, analyze and must be careful with the analysis we have made, and even then sometimes we are still wrong in analyzing it. by investing in bitcoin then we can do other activities in peace

Wawa2013

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Activity: 1666

Merit: 268

Quote from: dunfida on August 06, 2021, 06:47:32 PM

Quote from: Wawa2013 on August 06, 2021, 06:37:32 PM

It's not a bad idea to go all in Bitcoin, especially if we are new to the crypto world and don't have enough knowledge to look for other good projects
for investment. It is better to invest only in Bitcoin, than to choose the wrong projects. But maybe the results will not be optimal, because there are
actually several potential altcoins that can provide large profits. That's why I always recommend continuing to study the crypto world, so that
we can choose good altcoins for investment. So we can make more profit from the crypto world, however it is better to store eggs in several baskets.

Going all in isnt bad as long you do know the risk and also going all in with bitcoin is much more better rather than on considering some shit coins in the market.So i would really be taking this as a good step

but not all would really be that keen on investing on a single coin and would diversify on certain coins in the market.Its your money though so its your decision to take because when it comes to losses

you are the only ones who would experience it not us. So be careful on what decisions you would take.

I believe everyone has their own strategy when it comes to investing in cryptocurrencies. There are people who don't want to be bothered
by doing research or analysis, for reasons of busyness, so he only invests in Bitcoin which is proven to be safe. We can't blame other people
for going all in Bitcoin, it's their right to do that, because they have the authority to use the money they have. Let everyone make their own
decision, because the risk will be borne by each person. It's better to focus on our own strategy than to waste time thinking about others.

jossiel

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Quote from: dreamer81 on August 09, 2021, 04:16:06 AM

I'd advice you to get rid of your LTC as well. The usecase is not intact for litecoin anymore, as BTC has shifted to a store of value concept.

If he said that it's just few, there's no need to think of it.

Having all in with btc and got some ltc from long time ago. I guess that he's still good keeping that unless he sees some good price action for ltc.

And if that happens, he will surely sell those for bitcoin.

kevinzxz

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I think if you are all in Bitcoin, then it is not too risky for you, because Bitcoin is the king of cryptocurrency, so it is good to be used as a long-term investment, because the price will definitely increase and can give you a big profit in the future, so it's indeed a good choice for you to make a long-term investment, it's just that the profit you can earned by investing in Bitcoin can't be as big as altcoin, because I think the profit you get depends on the risk and the risk of investing in altcoin is very big compared to Bitcoin, so of course the profit you can get from investing in altcoin can be bigger than Bitcoin.

bitterguy28

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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.

since 2013 ? meaning you have keep all the coins from the 2 past Halving season in which ATH's had been reached ?

Quote

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.

it is your prerogative and also youre losses if making this decision a mistake.

Quote

I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.

What's your plan?

you should have sold when the price hit 64k instead of waiting for december .

imagine if you have sold that time and buy back when that value drops to 28k? then all your funds had been doubled now.

ene1980

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Quote from: nelliella on August 09, 2021, 03:47:52 AM

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 Tongue

. 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.

dreamer81

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I'd advice you to get rid of your LTC as well. The usecase is not intact for litecoin anymore, as BTC has shifted to a store of value concept.

jossiel

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Quote from: Tumanggor on August 08, 2021, 07:47:27 PM

Putting all assets in bitcoin sounds risky but if you look at it in the long term then it is the most profitable
I also plan to put all assets in bitcoin, I am very confident in its long term potential

predictions that say Bitcoin will cross $100k, I strongly believe in that, bitcoin is the asset of the future

It's not risky.

What's risky is to not have bitcoin at all. Out of all of those investing recommendations, this is very effective. Whether you only own bitcoin, you're still satisfied owning it only.

But if you're not satisfied to only own it, just make sure that most of your portfolio is composed of bitcoin.

nelliella

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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 ?

Topic: I'm now all in BTC. All eggs in one basket! - page 2. (Read 3164 times)