Just in case - page 2. | Bitcointalksearch.org

Shallow

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Quote from: Bravehash on September 03, 2021, 11:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

You are right though, and also many people have their own definition of diversity, that is, some might be experts in trading, good in investing in upcoming projects which they sell once in profit, good in holding long term and more recently now, good in staking their assets to earn, but all these doesn't neglect the fact that, crypto is unpredictable and yes having funds offline is a good idea.
Also, it has been said a lot of times that, it is not good to invest more than you can afford, in fact the first lesson people should have at the back of their minds before getting involved with crypto is that, risks exists. So by Investing what you can afford you can be calm while waiting for your target to hit, thereby reducing risks.

aylabadia05

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Having funds stored outside of crypto is a smart solution. We don't all have to invest in cryptocurrencies, but investing by choosing a few coins that are stored in a portfolio is also the right step, and that's what smart investors in cryptocurrencies do in my opinion.

anandaijun

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Quote from: dhemasm on September 05, 2021, 05:46:09 AM

Quote from: anandaijun on September 05, 2021, 04:10:43 AM

Putting everything into crypto for me is not the right thing to do. It's a good thing to divide the coins of several groups in a portfolio and many have had success doing so. In common sense, what will we use when we need money suddenly if we put everything in there. At least there should be savings as an alternative when we need it.

Yeap, putting everything into crypto it's not an good choice as you said and maybe splitting it by buying some stocks and make an good portfolio, people need to manage their money wisely but divide it to long-term or short-term investing beside that savings money for urgent situation, We never know when we need money so it's good choice to put some money on savings especially on bank, Beside that gold it's another good choice since it can easily to convert on any place.

For a country where there are not many people doing crypto transactions, I think gold is a good asset to keep as savings outside of a cryptocurrency portfolio. I make gold as an investment outside of crypto because its value is not much different from the top coins in crypto and is very suitable to be used as a long-term or short-term investment.

TastyChillySauce00

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Quote from: dhemasm on September 05, 2021, 05:46:09 AM

Quote from: anandaijun on September 05, 2021, 04:10:43 AM

Putting everything into crypto for me is not the right thing to do. It's a good thing to divide the coins of several groups in a portfolio and many have had success doing so. In common sense, what will we use when we need money suddenly if we put everything in there. At least there should be savings as an alternative when we need it.

Yeap, putting everything into crypto it's not an good choice as you said and maybe splitting it by buying some stocks and make an good portfolio, people need to manage their money wisely but divide it to long-term or short-term investing beside that savings money for urgent situation, We never know when we need money so it's good choice to put some money on savings especially on bank, Beside that gold it's another good choice since it can easily to convert on any place.

It's really recommended to diversify portfolio of investment but in my opinion people with investment might already have their own money for their basic needs.
That's why when it comes to investment it's always recommended to fulfill basic needs like food first then invest in stock or crypto so they can choose to invest long term or short term.
But having investment in gold could also become a solution as you mentioned since many people are always trying looking for gold and there are many demands for gold everywhere, But in my opinion it depends for everyone on how they diversify their investment portfolio.

Wulan_maniez

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Diversifying your funds into financial markets other than crypto is of course highly recommended, if it is in accordance with finance. But in this crypto room the majority of people invest their funds in bitcoin and altcoins.
I personally currently still allocate my funds in altcoins and wait for ROI, so that I can allocate my funds to real state.

Chathusand

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It is vital to have sufficient cash on hand so that you do not have to shift your cryptocurrencies-based investments. You've been open into it when you invest because it won't be touched for a long time till you reap the gains. This is when the majority of investors, particularly newbies, put practically all of their money into crypto, forgetting that it is not an overnight success.

tvplus006

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Quote from: cabron on September 05, 2021, 03:29:02 AM

...Most investors just prefer BTC and few Altcoins like ETH. But for some anything that can potentially make money, it's a green light and they will have some stash of it. It's not a question of how many coins among thousands of projects should you have but its whether you can make money out of it.

Investments in BTC and ETH will be more attractive for a long-term hold. Investing in other altcoins involves high risks and requires the investor to monitor the price daily and in case of its change, adequate actions are required. If you do not have such an opportunity to spend your time in front of the terminal every day, then only hold will be the right solution for you.

lixer

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Diversifying is not investing in multiple coin and you think you have diversified. What happened when the market goes into a bearish market and it last for years just like the previous that started 2018 and lasted until 2020 before the bulls came around again. Diversifying is recommended by investing in different asset that are not related like the stock market and cryptocurency or real estate.

Putting all your money in the market is risky because this is a very volatile market and you need money. If you put in your spare then that is doable since you would not have to worry about the movement of the market since you already have money for your other activities and this is the best was if investing.

Diversifying by investing in multiple coins still works within that idea as well. Let's assume that you have 100k dollars, you invest 50k of that into crypto (because let's face it that's the best idea) and you buy a plot of land with 25k and then put 25k into either gold or stock or share it between them like 10k to 15k or whatever. Is it over? You just put 50k into "crypto", what did you put it in? Did you put that all on bitcoin? If so then that is a big mistake because you didn't diversify it at all.

You need to buy few coins in order to diversify inside the diversification, go ahead and buy other stuff with your 100k and not all, but do not put all your crypto portfolio into just one neither, have like 5-10 different coins and you will be better. This works with stock market too, try to avoid investing into just one company and invest into multiple stocks. That way you have like 10 companies invested, 10 crypto coins that you invested, one plot of land with future potential, and some gold. That would be awesome.

kbhutto

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For me personally, investing in crypto with real world money or fiat money is a completely different place, although the value of investing with savings for everyday life is 50%-50% of the money I use every day. so I have distinguished some for investment and some for daily needs and savings, so I don't invest all of them for the future in cryptocurrency, because we all know in crypto not everything will be a safe investment for the future, because crypto is not a guarantee of investment forever because the value changes

michellee

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I do not want to talk about my life savings because that will be a personal matter. I am sure we are trying to make more money from crypto by diversifying our coins into good coins that can bring us profit in the future. We will withdraw the money from that profit and save it into our bank accounts while we still have the other coins that can give us another profit.

I think we all have our own strategy to manage our funds to be saved into our bank account and investment. And on the investment side, we will have more than 5 coins that we will hold until the price increase and sell it at once or still hold for some time and waiting for the other high price. It is not good to put all eggs in one basket because we never know when the price will increase and by diversifying to many coins, we will have more chances to make more profit. If we can do that, we will make a profit and it could give us profit in the short or long term.

dhemasm

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Quote from: anandaijun on September 05, 2021, 04:10:43 AM

Putting everything into crypto for me is not the right thing to do. It's a good thing to divide the coins of several groups in a portfolio and many have had success doing so. In common sense, what will we use when we need money suddenly if we put everything in there. At least there should be savings as an alternative when we need it.

Yeap, putting everything into crypto it's not an good choice as you said and maybe splitting it by buying some stocks and make an good portfolio, people need to manage their money wisely but divide it to long-term or short-term investing beside that savings money for urgent situation, We never know when we need money so it's good choice to put some money on savings especially on bank, Beside that gold it's another good choice since it can easily to convert on any place.

kryptqnick

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Quote from: Bravehash on September 03, 2021, 11:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

If you're not using an online wallet, storing cryptos doesn't mean having all the money online. And unless you have packs of cash at home, all your money is basically numbers on the screen that won't mean anything if a catastrophic event like a huge Internet disruption happens. So keeping your money in the bank won't help with keeping your funds safe. Another option is gold, but it's not something you can use to buy anything straightaway, and you need something that successfully functions as money. So having money in cryptos is okay if the private keys are safe. The only huge risk is, of course, devaluation of your savings, as cryptos can be very volatile. But that's a separate concern.

anandaijun

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Putting everything into crypto for me is not the right thing to do. It's a good thing to divide the coins of several groups in a portfolio and many have had success doing so. In common sense, what will we use when we need money suddenly if we put everything in there. At least there should be savings as an alternative when we need it.

gabbie2010

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Quote from: Jilapikhamu on September 05, 2021, 02:20:45 AM

I agree with you that's why I'm always trying to invest online my portfolio 40% and 60 save offline for future, and this is the smart moves

This is indeed a wise move it is often said that "Don't all your eggs in one basket" diverting all investment in crypto might be very risky, of course we might have considered the profit aspect of making such a move is positive earning 10x, 100x e.t.c, however there are also many other risks involved which ranges from hacking and stealing of coins from the wallet, hacking of exchanges, government clampdowns and bans e.t.c, besides all these, the price of crypto might experience a massive dump which invariably might culminated to loss of all investment, but having some fund in fiat saved offline will be very helpful in cushioning whichever loss of investment in crypto.

Jackl87

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Quote from: Bravehash on September 03, 2021, 11:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

Personally I think the smartest move is to have some funds offline as well, if you know what diversity means then you should be smart enough bro know that nothing is guaranteed, have some money 💰💰 offline and some online (crypto and other), putting all your eggs in one basket is bad and too much of everything is also bad

I see cryptos as a really interesting investment opportunity where it is really still possible to make a x100 of your investment within a couple of days. I don't know any other financial product where you can achieve such high returns in such a short amount of time. On the other hand an investment into crypto is also extremely risky. It is very much possible that you lose 100% of your funds because of a rugpull or some other reason. So the first and most important rule should always be to never invest more than you can afford to lose.

cabron

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Although it will be good to have some cash loot in your home vault, accessing your money online today is almost easy as it is when it's hard cash. Its your portfolio of crypto investment that you need to look after because you need extra care with your private keys.

Most investors just prefer BTC and few Altcoins like ETH. But for some anything that can potentially make money, it's a green light and they will have some stash of it. It's not a question of how many coins among thousands of projects should you have but its whether you can make money out of it.

Ararbermas

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There's a lot of opportunity in crypto space but you should think always about savings, because it's not always a good decision to put all in especially when you see a opportunity to double your money because here in crypto space there's always a chance as well to lose despite of the situation..so be aware and always set aside some of your money for your safety and incase of emergency and always invest what amount you can afford to lose to prevent regrets.

Jilapikhamu

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I agree with you that's why I'm always trying to invest online my portfolio 40% and 60 save offline for future, and this is the smart moves

Natsuu

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Quote from: harizen on September 05, 2021, 01:10:32 AM

Quote from: Bravehash on September 03, 2021, 11:18:37 AM

When people talks about diversity in crypto space they only point at big projects and small projects combined but no one ever talk about their life savings, I've seen people putting all they have into crypto and yes they have more than 5 coins in their portfolio but is this the smartest move?

How sure you are that others don't involve their life savings while doing investment diversification?

Obviously, since you are in the crypto space, they will never mention that they also have personal savings and you will mostly read is crypto-related investments. Why should they tell that and in the first place as it's a common investment already that we need?

There might be others that putting all their money into crypto but what if they are properly managing it along the way?

He already said that he seen people do it, so let's just stick with it. Plus he didn't specifically said that he saw it here in forum, he might seen their portfolio personally, or his friends does that, then just make a thread in here.

Though I might say, that what they're doing might be a smarter move as we are already sure that the diversification you are talking about is only the assets they have minus the essentials they needed for daily lives. If they are gaining income, then its their smart move, if not, then the latter one. But the recent adjustments of crypto prices shows that they made the right move.

darahjuang

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Keeping a few points in a portfolio is a great way to minimize losses and take advantage of opportunities.
I'm not going to put everything into crypto myself. I share a percentage of 50% into crypto and another 50% as savings in the state bank for daily needs.
When it comes to investing, I think not everyone puts 100% into crypto.

Topic: Just in case - page 2. (Read 502 times)