I'm now all in BTC. All eggs in one basket! - page 5.

dzonikg28

hero member

Activity: 1106

Merit: 508

Bisq Market Day - March 20th 2023

Quote from: RondoAnyar on July 29, 2021, 10:09:36 AM

Quote from: iTradeChips on July 29, 2021, 06:07:49 AM

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 money

That'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! Wink

iTradeChips

hero member

Activity: 1792

Merit: 536

Leading Crypto Sports Betting & Casino Platform

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.

verita1

member

Activity: 1358

Merit: 81

I have observed that when we create a portfolio it will always depend on the amount and time we dedicate to the investment.
All the eggs in a basket involves applying strategies.
I am moved by two reasons to invest in bitcoin for a long time. 1. Just to see it consolidate in what we have longed for forever and 2. The future of two young people in my family.
I also have other digital assets for my needs in the short, medium and even long term as well.
The better we plan our future it will all have been worth it because that is why bitcoin was created to meet our demands.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: Charot12345 on July 28, 2021, 08:14:02 AM

I think so too. Putting all your assets in one basket is not that good. It is better to put some in another cryptocurrency. Even just little part of it. Though it was risky, you need to study about it more to avoid too much losses. You can also invest it to something that you can have profit too or bought a house and lot that can you can use for a lifetime.

Everything on a single cryptocurrency will help with big return if lucky. At times if the market hasn't moved as predicted it might end with massive losses. When the same is diversified, profit and losses can be compensated against each other. This will lessen the risk of investments and gives maximum chance of profit making than decline in the holdings value.

fuguebtc

hero member

Activity: 1974

Merit: 539

Leading Crypto Sports Betting & Casino Platform

Quote from: Mistafreeze on July 22, 2021, 12:26:24 AM

Quote from: aarif123 on July 21, 2021, 03:55:04 AM

I think you are doing the right thing by putting all of your money in bitcoin because as we all know that altcoins are so risky many projects hacked last month so in that case we should always put money where there is some security of our funds like bitcoin and ethereum.

I don't think putting all eggs in one basket is the best idea as an investor cause eventually if Bitcoin crashes, then it will take many months for one to wait for it to gain value before doing whatever you want with it. Cryptocurrency investment is very risk and that should not guarantee making decisions that will have greater effects later just because you are scared or ignorant of other investment one can participate in but rather than taking the Oblivion risk of putting all eggs in a single basket.

Bitcoin market is still going to fall well before raisin it head again. I still don't know why many people still believe in Bitcoin as being the only cryptocurrency they can invest in when we have so many good coins with good market cap and volume, one can also invest in or trade. The op should go and make concrete research about other good coins that can generate good profits than Bitcoin itself.

In this case, putting eggs in one basket is probably best idea. Yes, there are many alts, bitcoin is not the only coin to invest. But all alts depend on bitcoin volatility, when bitcoin rises it all increases, when bitcoin falls it's all red.And If bitcoin crashes, I think the crypto market will crash too.

Charot12345

full member

Activity: 257

Merit: 102

I think so too. Putting all your assets in one basket is not that good. It is better to put some in another cryptocurrency. Even just little part of it. Though it was risky, you need to study about it more to avoid too much losses. You can also invest it to something that you can have profit too or bought a house and lot that can you can use for a lifetime.

tiCeR

hero member

Activity: 1890

Merit: 824

Defend Bitcoin and its PoW: bitcoincleanup.com

Quote from: TimeTeller on July 26, 2021, 04:58:53 PM

Quote from: tiCeR on July 26, 2021, 03:58:19 PM

Quote from: virtualdn on July 26, 2021, 03:42:27 PM

Quote from: The Sceptical Chymist on July 26, 2021, 03:37:56 PM

Quote from: XavierLaurent on July 23, 2021, 06:37:50 AM

I'm curious, how it's been working out for you, OP? I'm thinking about selling all my remaining coins and turn them into BTC.

I just stumbled across this thread after un-ignoring Bitcoin Discussion, and I'm curious as well--though if what OP said is true, he's been accumulating bitcoin since 2013 and probably hasn't sold any of his stash. Presumably with the price increase we've seen in the past day or two, he's still doing just fine.

I don't know about keeping all of your investment money in bitcoin for the long term, however. OP will likely still be in the black even if bitcoin were to lose half its value (if he's holding onto 2013 coins), but if I were him I'd probably diversify just a little. Normally I'd suggest the stock market, but after well over a decade of bull market craziness I'm not sure now is the best time to buy stocks.

OP, you still around? Maybe you can chime in and give us an update on any changes to your portfolio, etc.

Still all in BTC, doing fine, no headaches watching the shitty coins. Not planning to sell even if BTC price is going up right now. Might sell a small amount once in the xxx,xxx range and then hopefully will buy it back, I'm sure we will see a new ATH this year.

All in in Bitcoin is at least a strategy that still makes some sense. When I read that people go all in on some alt coin (other than Ethereum), I really get a headache. It still depends, there is a difference if you go all in on an unknown token from an ICO or Monero, but as long as you really go all in, I'd be shocked if it is not a larger well established crypto with a successful history.

It makes sense because bitcoin itself is at the top and can survive even during bear season.
Not many alts can survive when the market crashes. Only those solid ones like ETH and if I may add BNB.
But let us say, if you go all in one token, like for example SHIB - as this is the current hype.
I don't think you can sleep at night soundly because anytime this kind of meme token, can easily go down the drain without a warning.
So what it demonstrates is that, in this market, maybe putting all your eggs in one basket - in btc specifically, can still give you peace of mind.

Sure you can always hit the jackpot if you then also manage to sell with the right timing and don't stick to your SHIB hoping it goes up even further, but if you want a solid investment that is resilient against crashes or does at least have a good history of strong recoveries, the coins you mentioned are the way to go for any investor.

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

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've been hodling your coins since 2013, then it would mean that you're in tremendous profits whether you sell now or now. Bitcoin was very low as at 2013 and how you managed to keep holding even when bitcoin hits new ATHs along the year is amazing
Trust me, I believe you decided to go all in into bitcoin because you have seen the reward of holding bitcoin for a very long period of time. I, however, think you should sell some by November, at least enjoy the reward of holding this long.

cotton ball

sr. member

Activity: 1288

Merit: 253

Quote from: Easteregg69 on July 27, 2021, 07:46:13 AM

So we have a basket case?

Immutable is not what it used to be. Sooner or later a supercomputer comes up and checks all the keys in one go.

Kindest.

PS. And you that censors ideas you don't like will be wrong! 100%

be a wise person, don't keep everything we have in one package, if anyone can hack into our package, we will fall back to zero, we store in bitcoin is good, because bitcoin has been proven to give us promising profits, but it would be nice if we save some of what we have elsewhere..

Easteregg69

sr. member

Activity: 1572

Merit: 267

So we have a basket case?

Immutable is not what it used to be. Sooner or later a supercomputer comes up and checks all the keys in one go.

Kindest.

PS. And you that censors ideas you don't like will be wrong! 100%

PPS. yobit is banned til 14-07-2022!

A supercomputer. Giggles..

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

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?

That's an extremely risky move. If Bitcoin goes all the way down the drain in an instant, you can end up losing a lot of money in the process. It's better to diversify your investment into more than one cryptocurrency, since the risks of loss are minimal. One coin can go down the drain, but the other one might be having a bullish trend.

Ultimately, no can force you to make a decision on your investment. Investing in Bitcoin for the long haul is a great idea because its value will increase as it becomes scarcer over time. There are many experts that indicate Bitcoin will hit $100k, and even $1m in the future. The more Bitcoin you accumulate, the better rewards you'll get. You can make even more money by investing into Ethereum and its "De-Fi" tokens.

My plan is to put half of my money into Bitcoin and put the other half into Ethereum (a 50-50 split). That way, I can leverage risks from both cryptocurrencies while getting big rewards in the process. When the next bull market comes, I'd be ready to sell a large portion of my coins for profit. Whatever you do with your Bitcoin, always remember to buy low and sell high in order to avoid losing your hard-earned money in the process. Just my opinion

dzonikg28

hero member

Activity: 1106

Merit: 508

Bisq Market Day - March 20th 2023

Quote from: lixer on July 27, 2021, 05:18:52 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.

It’s not really bad, I have also been doing it for sometime, though it is not something I do all the time. Sometimes I might decide to buy other coins like Ethereum and any other good altcoins I may find. But, majority of my investment would usually go into Bitcoin before going into any other altcoins in the market.

So, it is up to you to decide that for yourself. Investing in lots of different cryptocurrencies might be good since it’s good to diversify your asset, even at that you still have to know that bitcoin is at the top and most of the time it’s always going to top many other cryptocurrencies you will find in the market.

And if we look at the crypto market's history, staying in Bitcoin would have made you rich anyway. It is so tempting to get into a low cap alt coin because you hope for 100x, but eventually Bitcoin performed so well again and again that gambling on shit coins isn't worth it.

Quantum907

member

Activity: 644

Merit: 10

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?

Looks very risky but I think this is the right move, no doubt that bitcoin is the most secure and profitable crypto for long term so putting all money in bitcoin is a good thing.

lixer

hero member

Activity: 2688

Merit: 588

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.

It’s not really bad, I have also been doing it for sometime, though it is not something I do all the time. Sometimes I might decide to buy other coins like Ethereum and any other good altcoins I may find. But, majority of my investment would usually go into Bitcoin before going into any other altcoins in the market.

So, it is up to you to decide that for yourself. Investing in lots of different cryptocurrencies might be good since it’s good to diversify your asset, even at that you still have to know that bitcoin is at the top and most of the time it’s always going to top many other cryptocurrencies you will find in the market.

Chato1977

member

Activity: 1162

Merit: 58

There are few people that i respect in this forum and Some of them are people like you OP in which willing to prove that Bitcoin is still wprth trusting with alll our funds.
though there are haters of what wecalled "ALL IN" yet this is still the most effective for long term Holders.

Quote from: Connor Britton on July 27, 2021, 03:08:20 AM

This is a bold approach, and Bitcoin is relatively stable compared to others. Most of me are in Bitcoin, and a small part of it is in altcoins. Because I do transactions more frequently, I will not open the software in Bitcoin all the time. Maybe the next time I open it is a few years later, I pay too much attention to the trend. It’s easy to make some incorrect decisions,

Stable and safe, Bitcoin has always been the first currency to Pump high .

Connor Britton

member

Activity: 101

Merit: 18

This is a bold approach, and Bitcoin is relatively stable compared to others. Most of me are in Bitcoin, and a small part of it is in altcoins. Because I do transactions more frequently, I will not open the software in Bitcoin all the time. Maybe the next time I open it is a few years later, I pay too much attention to the trend. It’s easy to make some incorrect decisions,

19Nov16

sr. member

Activity: 1722

Merit: 252

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 buy from 2013 of course now get a huge profit I still remember the price at that time was still under $150 (if you bought late 2013 around $1100), I suggest to enjoy your patience, sell 30% and focus again on hold and I think put in one place is sometimes a good thing.

Iceblast

full member

Activity: 783

Merit: 100

it seems you have the principle to have more profit in one basket like that right?
but my advice is not to be too fanatical to hold, when there is profit you can immediately sell a little to get a profit, because it is too risky if you hold it for too long

Naficopa

hero member

Activity: 2002

Merit: 516

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?

Let us not fall into extremes! I like to put large amounts of money into niche projects, but this project has to represent something. Unfortunately, if the situation fails, you have to take into account the consequences

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: tiCeR on July 26, 2021, 03:58:19 PM

Quote from: virtualdn on July 26, 2021, 03:42:27 PM

Quote from: The Sceptical Chymist on July 26, 2021, 03:37:56 PM

Quote from: XavierLaurent on July 23, 2021, 06:37:50 AM

I'm curious, how it's been working out for you, OP? I'm thinking about selling all my remaining coins and turn them into BTC.

I just stumbled across this thread after un-ignoring Bitcoin Discussion, and I'm curious as well--though if what OP said is true, he's been accumulating bitcoin since 2013 and probably hasn't sold any of his stash. Presumably with the price increase we've seen in the past day or two, he's still doing just fine.

I don't know about keeping all of your investment money in bitcoin for the long term, however. OP will likely still be in the black even if bitcoin were to lose half its value (if he's holding onto 2013 coins), but if I were him I'd probably diversify just a little. Normally I'd suggest the stock market, but after well over a decade of bull market craziness I'm not sure now is the best time to buy stocks.

OP, you still around? Maybe you can chime in and give us an update on any changes to your portfolio, etc.

Still all in BTC, doing fine, no headaches watching the shitty coins. Not planning to sell even if BTC price is going up right now. Might sell a small amount once in the xxx,xxx range and then hopefully will buy it back, I'm sure we will see a new ATH this year.

All in in Bitcoin is at least a strategy that still makes some sense. When I read that people go all in on some alt coin (other than Ethereum), I really get a headache. It still depends, there is a difference if you go all in on an unknown token from an ICO or Monero, but as long as you really go all in, I'd be shocked if it is not a larger well established crypto with a successful history.

It makes sense because bitcoin itself is at the top and can survive even during bear season.
Not many alts can survive when the market crashes. Only those solid ones like ETH and if I may add BNB.
But let us say, if you go all in one token, like for example SHIB - as this is the current hype.
I don't think you can sleep at night soundly because anytime this kind of meme token, can easily go down the drain without a warning.
So what it demonstrates is that, in this market, maybe putting all your eggs in one basket - in btc specifically, can still give you peace of mind.

Topic: I'm now all in BTC. All eggs in one basket! - page 5. (Read 3164 times)