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
Topic: I'm now all in BTC. All eggs in one basket! - page 3. (Read 3164 times)
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Putting all assets in bitcoin sounds risky but if you look at it in the long term then it is the most profitableI 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
Although that everyone has their own opinion, putting all eggs in one basket isn’t a good idea for me. It reminds me of my conversation with my sister that she wants to go all-in on Bitcoin by putting all of her savings into it. But I told her not to, and only put an amount that she could afford to lose.
Coz’ if we go all-in and if BTC goes down, it would be hard for our emotions to cope up. Instead of going all-in, much better to diversify our money like putting most of it on savings, and only invest a portion of it on Bitcoin and other altcoins.
It's really risky when we put all our eggs in one basket, Bitcoin is good but no one can predict what will happen in the future.I also hold bitcoin but not all.My money invested in crypto is idle money and I'm fine if unfortunately bitcoin dies.Coz’ if we go all-in and if BTC goes down, it would be hard for our emotions to cope up. Instead of going all-in, much better to diversify our money like putting most of it on savings, and only invest a portion of it on Bitcoin and other altcoins.
OP hasn't mentioned whether he meant to say that he put all his net worth into BTC, or whether the portion of his net worth that he uses to purchase crypto is all being invested into BTC, and only into BTC (except for the few LTC he mentions). If he is all in with everything he has in hie life on BTC, that's brave!
But I can understand it! 
If the portion dedicated to crypto investments is all in on BTC, that's a very decent move. Because if Bitcoin dies or crashes, rest assured that pretty much, if not all coins right now will die or crash along with it, at least for the time being.
Although that everyone has their own opinion, putting all eggs in one basket isn’t a good idea for me. It reminds me of my conversation with my sister that she wants to go all-in on Bitcoin by putting all of her savings into it. But I told her not to, and only put an amount that she could afford to lose.
Coz’ if we go all-in and if BTC goes down, it would be hard for our emotions to cope up. Instead of going all-in, much better to diversify our money like putting most of it on savings, and only invest a portion of it on Bitcoin and other altcoins.
It's really risky when we put all our eggs in one basket, Bitcoin is good but no one can predict what will happen in the future.I also hold bitcoin but not all.My money invested in crypto is idle money and I'm fine if unfortunately bitcoin dies.Coz’ if we go all-in and if BTC goes down, it would be hard for our emotions to cope up. Instead of going all-in, much better to diversify our money like putting most of it on savings, and only invest a portion of it on Bitcoin and other altcoins.
Although that everyone has their own opinion, putting all eggs in one basket isn’t a good idea for me. It reminds me of my conversation with my sister that she wants to go all-in on Bitcoin by putting all of her savings into it. But I told her not to, and only put an amount that she could afford to lose.
Coz’ if we go all-in and if BTC goes down, it would be hard for our emotions to cope up. Instead of going all-in, much better to diversify our money like putting most of it on savings, and only invest a portion of it on Bitcoin and other altcoins.
It's really risky when we put all our eggs in one basket, Bitcoin is good but no one can predict what will happen in the future.I also hold bitcoin but not all.My money invested in crypto is idle money and I'm fine if unfortunately bitcoin dies. Coz’ if we go all-in and if BTC goes down, it would be hard for our emotions to cope up. Instead of going all-in, much better to diversify our money like putting most of it on savings, and only invest a portion of it on Bitcoin and other altcoins.
I don't think it is a bad idea, although you might not make as much as you would have with a good alts project, if for instance this was done 5 to 6 years back, you would have enjoyed the fruit of your investment much more, nonetheless, it is never too late, btc is the number one choice for crypto investment and it is the most trusted, plus there is a strong possibility it will go even higher in the future.
This is a good idea especially if done when the price was 10 years ago, I hope this will be repeated for the next 10 years, bitcoin still has the power and potential to skyrocket so patiently holding is a very profitable option.
I don't think it is a bad idea, although you might not make as much as you would have with a good alts project, if for instance this was done 5 to 6 years back, you would have enjoyed the fruit of your investment much more, nonetheless, it is never too late, btc is the number one choice for crypto investment and it is the most trusted, plus there is a strong possibility it will go even higher in the future.
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.
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 don't think it is a bad idea, although you might not make as much as you would have with a good alts project, if for instance this was done 5 to 6 years back, you would have enjoyed the fruit of your investment much more, nonetheless, it is never too late, btc is the number one choice for crypto investment and it is the most trusted, plus there is a strong possibility it will go even higher in the future.
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.
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?
When you say don't invest all in one basket , it particularly means to invest in different alt coins. It does not refer to investment in bitcoin. You can invest all in bitcoin and there is nothing wrong in this.
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?
When you say don't invest all in one basket , it particularly means to invest in different alt coins. It does not refer to investment in bitcoin. You can invest all in bitcoin and there is nothing wrong in this.
Well, as a bitcoin investor myself, I do see that you have made a good decision to put all your money on Bitcoin. It is your money anyway, so don't listen to anybody that says you are doing it wrong. It is like mine, I invest in Bitcoin and Ethereum and that is it. I really don't care about the others. Friends tells me to invest on this or invest on that. I say sure, that is a great idea, but at the end of the day the decision is always mine and mine alone. Like you, your decision is all yours.
it is better to put it in one basket with potential and safe than having to split our assets into several pieces that have no potential and get a big risk in loss. I think now we have to be smart and choose assets that really have the potential to double our moneyThat's basically correct, but there are more solid coins than just Bitcoin that you could certainly add to your portfolio. You could add an anonymous coin and also a smart contract platform and still be good to go. If you hold BTC, ETH and XMR I would say that is a solid portfolio. Maybe add a small percentage of lower cap coins to enjoy the potential thrill when one of those coins goes to the moon!
Definitely, as long as the cryptocurrency has big potential and is surviving for many years now and going strong, then by all means invest on it and support the coin. It is obvious that those in the top 20 of cryptocurrencies list would be always a good pick. But of course, you need to be very careful. The top 20 coin in 2014 are not the same in 2021 and at that point we should realize that the coins that are great today might not be great many many years from now. So be very careful in picking coins to invest.
Yes well I am not sure I would go with all from the top 20, but as I said completing a portfolio with an anonymous coin (which will definitely play a role in the future) and of course a smart contract platform. You could go with both ETH and BSC as they both set up quite a bit differently. As iTradeChips says, the older coins with a successful history have proven again and again their overall resilience. Certainly a factor to be considered.
I think this is an investment strategy. I would not put all the eggs in one basket. This is not a very wise choice. This kind of investment plan is too singular. Eggs are easy to break, this is not the most important thing. If something unexpected happens, it will directly affect your investment mentality, and if your mentality collapses, it will directly cause you to make very wrong judgments. Living in a bad mood every day is not a correct attitude and way of life.
My current plan is more or less the same, which is to hold the coins I have and try to increase my btc investment even more. I know and hope it will give me a big advantage so I have to be patient to wait for it. Right now the market is unstable and down so it's not good to sell assets, it's better to hold them. In addition, when the price of btc is going down like this, we really have to be able to use the time well to buy coins in the market so that we can buy them at low prices, of course it will be profitable. If we can learn to manage our assets well, the results will also be great.
Same as my plan hold for long term is the thing i have to do to change my life, currently i have around 0.093 btc which i keep in Trust Wallet, i am optimistic that bitcoin will skyrocket due to many big institutions and companies buying bitcoin.
To be honest, if I started from knowing about Bitcoin and only focused on buying Bitcoin, pay attention: just buy, not sell, then this should be the wisest decision I have made since I was born. Now I only have Bitcoin in my wallet With Ethereum, I will continue to stick to it. Although the Bitcoin and Ethereum baskets are large, they are strong, and there are many other baskets, but they may be very impractical. The eggs may encounter tatters and fall on the ground and break. So angry!
I don't think it is a bad idea, although you might not make as much as you would have with a good alts project, if for instance this was done 5 to 6 years back, you would have enjoyed the fruit of your investment much more, nonetheless, it is never too late, btc is the number one choice for crypto investment and it is the most trusted, plus there is a strong possibility it will go even higher in the future.
right now you may have got so many bitcoins and moreover you bought it at such a cheap price, and maybe you have collected it in one basket and I think you have done the right thing at this time and at the right time as well. do, I am very sure what you are doing at this time will be a fantastic result for yourself in the future, I am also very impressed with what you have done at this time
Anyone can do it if you have a lot of money and you have a stable job that helps you with your daily needs so you can't possibly sell your portfolio at a wrong time and at wrong price. Of course it's fantastic, OP has been hodling for years, it's already a feat if you can do a year but OP seems to be able to go for more years. 
My current plan is more or less the same, which is to hold the coins I have and try to increase my btc investment even more. I know and hope it will give me a big advantage so I have to be patient to wait for it. Right now the market is unstable and down so it's not good to sell assets, it's better to hold them. In addition, when the price of btc is going down like this, we really have to be able to use the time well to buy coins in the market so that we can buy them at low prices, of course it will be profitable. If we can learn to manage our assets well, the results will also be great.
Same as my plan hold for long term is the thing i have to do to change my life, currently i have around 0.093 btc which i keep in Trust Wallet, i am optimistic that bitcoin will skyrocket due to many big institutions and companies buying bitcoin.
its not just BTC that institutions are buying nowadays, they are also accumulating ETH if you have not heard of it. even Reuters is reporting it because they know ETH is going to follow what BTC had become. this year alone ETH had spiked up to $4,370 because it indeed has usecase which they could make them more money. there was an interview that even Grayscale has ETH on their balance sheet. they are diversifying investments because they don't just put their eggs in one basket.
I believe that institutional investors or very high wealth individuals have been accumulating Ethereum for quite a while now. I guess Ethereum is also subject to quite a concentrated ownership structure. Depending on whether or not some of them even considered buying in during the ICO, whatever amount of money they invested they could have acquired loads of ETH at relatively extremely cheap prices.
My current plan is more or less the same, which is to hold the coins I have and try to increase my btc investment even more. I know and hope it will give me a big advantage so I have to be patient to wait for it. Right now the market is unstable and down so it's not good to sell assets, it's better to hold them. In addition, when the price of btc is going down like this, we really have to be able to use the time well to buy coins in the market so that we can buy them at low prices, of course it will be profitable. If we can learn to manage our assets well, the results will also be great.
Same as my plan hold for long term is the thing i have to do to change my life, currently i have around 0.093 btc which i keep in Trust Wallet, i am optimistic that bitcoin will skyrocket due to many big institutions and companies buying bitcoin.
its not just BTC that institutions are buying nowadays, they are also accumulating ETH if you have not heard of it. even Reuters is reporting it because they know ETH is going to follow what BTC had become. this year alone ETH had spiked up to $4,370 because it indeed has usecase which they could make them more money. there was an interview that even Grayscale has ETH on their balance sheet. they are diversifying investments because they don't just put their eggs in one basket.
I am holding BTC and altcoins also but i don't put all my eggs in a basket. Last couple of weeks is good for Bitcoin and i hope till November, BTC will experience its ATH but at the same time altcoins will also chase Bitcoin. So i like to put 30%-40% in BTC and the rests are for altcoins like ETH, DOT, CAKE, BABY, KICK, TRX, KSUMA, ONT etc. After all, we have to remember that Bitcoin was only below $5. So only who are holding BTC till now aren't in wrong decision, rather they are gainers form the perspective of the day. So, in the long run, it's okey for only hold BTC.
More diversification of funds is better as it will give more opportunity to earn more, remember that bitcoin is not the most profitable coin during the last two bull runs, usually, the altcoins have more increase but we also have to remember that during the bear market, altcoins have more loses.
Therefore, we should put in mind that bitcoin investing has a lower risk than investing in altcoins and they should be managed properly to minimize the risk.
I am holding BTC and altcoins also but i don't put all my eggs in a basket. Last couple of weeks is good for Bitcoin and i hope till November, BTC will experience its ATH but at the same time altcoins will also chase Bitcoin. So i like to put 30%-40% in BTC and the rests are for altcoins like ETH, DOT, CAKE, BABY, KICK, TRX, KSUMA, ONT etc. After all, we have to remember that Bitcoin was only below $5. So only who are holding BTC till now aren't in wrong decision, rather they are gainers form the perspective of the day. So, in the long run, it's okey for only hold BTC.
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