I'm now all in BTC. All eggs in one basket! - page 6.

tiCeR

hero member

Activity: 1890

Merit: 824

Defend Bitcoin and its PoW: bitcoincleanup.com

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.

virtualdn

legendary

Activity: 1358

Merit: 1093

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.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

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.

Hasan986

full member

Activity: 416

Merit: 101

The best option now is BTC. BTC is going down as much. Big whales are buying so much. yesterday, liquidity of a very large amount of short became 5-10 minutes. Hopefully BTC is expected to reach 2 lac$ by 2022 mid.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: Dread Pirate Roberts on July 23, 2021, 10:04:07 AM

If in the stock market, maybe putting all asset in one investment is a bad thing because the investment support point is only from one choice. but for the crypto market it seems that just choosing bitcoin is actually enough. because other coins also depend on bitcoin so just choosing bitcoin option personally i think its still oke . this only oke with bitcoin not other coin.

We make our own choices, and your justification maybe true as we never see bitcoin lose its spot, it still holds the number spot and has the biggest market dominance. Investing in bitcoin is less risky compared to altcoins, so it's alright to put all your basket into bitcoin, but it's also not bad to diversify into altcoins, it only depends on how an investor will manage his fund.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

If in the stock market, maybe putting all asset in one investment is a bad thing because the investment support point is only from one choice. but for the crypto market it seems that just choosing bitcoin is actually enough. because other coins also depend on bitcoin so just choosing bitcoin option personally i think its still oke . this only oke with bitcoin not other coin.

XavierLaurent

jr. member

Activity: 82

Merit: 2

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.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

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 never planned to keep all my assets in BTC...

65% of the coins I hold are BTC and the rest are BNB, polygons and some more. I'm sure when BTC is bullish again, the price of the altcoins I hold will go up too.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: kakonlin on July 23, 2021, 02:35:51 AM

Putting eggs in one basket is actually not wise. There are so many coins that exist until now. So many best coins like eth, bnb, dot, vet, uni etc. I prefer to buy some coins which I think are best to reduce my risk.

That's on you, I mean if you are trying to split the risk then probably it's not for you but if you believe that the coin you are going all in has a potential then you will do it, I mean what could go wrong now because bitcoin is here to stay and it's not like it's going to go down or collapse anytime soon so I think it's alright if someone puts all the investment in one basket.

kakonlin

full member

Activity: 504

Merit: 100

The Standard Protocol - Solving Inflation

Putting eggs in one basket is actually not wise. There are so many coins that exist until now. So many best coins like eth, bnb, dot, vet, uni etc. I prefer to buy some coins which I think are best to reduce my risk.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: ?? on ??

Was inspired with you and I did it too, sold some of my investments early to have funds to go all in with bitcoin although the prices are favorable with me as I have bought below 30k so I don't think that I would feel some losses for now but no matter, I am still on the long-term so I will probably get a big profit.

Just trust bitcoin, you don't know what would happen in the future, investing in bitcoin doesn't guarantee a profit in the long run, and in a short period of time, we might see the worst price that would result in panic selling. I hope you are still confident to hold even if bitcoin will drop below $10k this year, it's a test for every holder and if you still hold, then you will enjoy that victory in the end.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: ?? on ??

Was inspired with you and I did it too, sold some of my investments early to have funds to go all in with bitcoin although the prices are favorable with me as I have bought below 30k so I don't think that I would feel some losses for now but no matter, I am still on the long-term so I will probably get a big profit.

if the directions continue to favor your side, and there's no more declined that take place. We don't know what

future will bring, but as long as you are speaking about long-term the chance is very high to maximize your

compensations. Choosing long and entrusting everything with Bitcoin is not a bad idea, let it roll and enjoy your ride.

blackened515

sr. member

Activity: 1218

Merit: 279

Holding your Bitcoin for a long time is not a bad idea. Bitcoin price have been dropping for some time now, and your plan to hold it until the price rises is a great idea. But I don't think putting all your money on Bitcoin only is a good thing to do. It will be nice, investing in other coins also. Although, I understand that Bitcoin is the king of Cryptocurrencies, and those investing in it now will definitely make a good profit from their investment in the nearest future.

qwertyup23

hero member

Activity: 2268

Merit: 789

The plan is to HODL as much BTC I earn as possible since I do believe that in a few years from now, its price will skyrocket!

While I am against your strategy of putting all eggs in one basket, I do hope that you at least sell 30% of your BTCs because either way, you have profited already. The only goal right now is to lower your risks as much as possible and get the maximum yield.

Quote from: ?? on ??

Quote from: Amejoaquim on July 22, 2021, 05:51:17 AM

All in into bitcoin is nice but i hope you patience enough to wait untill the price of bitcoin reach the new all time high. Throw all of your investment in one basket i think it's a smart move, but i hope you know the risk and already do the research about this, so if your investment is not what you expected, you don't need to stress and find someone to blame because of your decision.

but if we dump all assets only on bitcoin, I think it's a good decision, where we see this step can minimize risk and we can sleep well every day until we wait for the bullrun to come. we know when invested in other coins, while bitcoin seems to be in control of the development of all existing coins. So if bitcoin collapses, other coins will suffer the same fate

This is not necessarily true.

There were times that the price of BTC dropped but other prices of altcoins increased. It all depends upon the market to be honest as there is no absolute indicator.

AicecreaME

sr. member

Activity: 2436

Merit: 455

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 assume you're not new in this platform, hence you already knew what you were doing and what you are still currently doing. The risk is definitely high when you risk all-in in one coin, but the rewards will be high as well. Bitcoin has proven its potential over the past years. It has withstood the test of time and all the shades thrown at it countless times already. However, you must also know that despite all the good aspects of bitcoin, it is volatile. There will come a time that its value won't be as high and if ever the time you need money most will happen the moment bearish market enters - where the lowest of low of bitcoin's value can possibly hit, you'll have no other choice but to withdraw your btc because you have no other coins as alternative in the first place.

Nonetheless, it's just really up to you. I think you have thought several worst possible scenarios before risking it all in bitcoin after all. I salute your patience and delayed gratification, mate.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: Amejoaquim on July 22, 2021, 05:51:17 AM

All in into bitcoin is nice but i hope you patience enough to wait untill the price of bitcoin reach the new all time high. Throw all of your investment in one basket i think it's a smart move, but i hope you know the risk and already do the research about this, so if your investment is not what you expected, you don't need to stress and find someone to blame because of your decision.

When speaking of BTC only then I don't think it is particularly bad but sure you can't take advantage from diversification of assets. On the other hand, as stated above, you might even be nicely rewarded if you've got diamond hands otherwise the potential profit could be massively reduced.

This type of approach works for some people but not all. You just need to put the BTC away and not think about it, it is hard but it is the only way to stay sane and stress free because volatility is inevitable.

Amejoaquim

full member

Activity: 924

Merit: 100

All in into bitcoin is nice but i hope you patience enough to wait untill the price of bitcoin reach the new all time high. Throw all of your investment in one basket i think it's a smart move, but i hope you know the risk and already do the research about this, so if your investment is not what you expected, you don't need to stress and find someone to blame because of your decision.

Mistafreeze

sr. member

Activity: 897

Merit: 284

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.

KeikoKitagawa18

member

Activity: 364

Merit: 10

World Family Coin

Im doing the same thing like you, i put all of my money into BTC. I think i do the right thing to put all of my money into btc because the history of btc keep rising every single year, so it just depends how long i can hold my BTC.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: nhaila on July 21, 2021, 05:09:21 PM

Hey mate buy more bitcoin and hodl it for your better safety because Bitcoin would be the number one currency in the world and most of the countries would accept it as legally. Then Bitcoin would go to the moon with price $300000....

Well, I like the positivity of your statement however its still uncertain if we can see bitcoin be recognize as a legal tender for many countries.

Anyway bitcoin is indeed a good investment and the top crypto. If you believe that it can reach a huge price in the future so be it no one is holding you back. But its a must to take profit at times to enjoy our earnings.

Topic: I'm now all in BTC. All eggs in one basket! - page 6. (Read 3164 times)