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Topic: Just in case - page 3. (Read 502 times)

legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
September 05, 2021, 01:10:32 AM
#39
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?
member
Activity: 472
Merit: 56
September 05, 2021, 12:59:32 AM
#38
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

Everyone who starts talking about the crypto world, they only think about big and small projects, even very few people pay attention to the level of risk that will occur in the future, it's not a good move if you don't think about financial resources for the future, need to Change the pattern think so, we need to save money offline and this we will really need in future, not a right move to risk all money in crypto without saving some percentage of money offline, I think we need to balance money offline with investing in crypto world.
full member
Activity: 700
Merit: 100
September 05, 2021, 12:27:20 AM
#37
Important investment to make to secure the money we have. If you just save money, then the money in savings can be eroded by inflation and not give a return.

Therefore, it is important to invest early in the available instruments.

Investments also need to be prepared for the future, for example for children's education funds and pension funds.

Well, the same as the saying 'Don't put your eggs in one basket', investment also needs to be oriented to this parable.

Investments can be placed in two instruments with different risks.
legendary
Activity: 3010
Merit: 1347
September 04, 2021, 11:22:11 PM
#36
I'd never forgotten that idea.
I always have cash stashed in my house. I even told my wife when we are starting to build our family, I don't want every money going into banks or other types of savings. There should always be cash left at home in case of emergency.
Up until now, we never forget it. Even if I invested with different coins or projects I won't touch a single penny on that money.
Its purpose is different and should not be spent.

Yeah, specially when the pandemic arrives, its hard to withdraw on banks because of the panic that's why it's better to have some cash on hand stash somewhere in your house.

So I would also define that as diversification per se, ready hand on cash if needed.

For crypto, of course, diversification also never fails, it just how are you going to diversify, what crpyto coins. There could be someone out there putting 100% on crypto, not bad, but you should always prepare for the worst as well.
member
Activity: 744
Merit: 10
Syntrum.com
September 04, 2021, 07:37:28 PM
#35
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

That's right mate, nobody puts 100% of their funds in crypto, why? first because the price fluctuates and some people will divide their funds into real assets, this is to make it easier for them when they need money for urgent needs, I put 40% of the funds I have for crypto ownership, 60% for property investment, gold and business my drink, it is not easy to divide funds for a long time -long term investment, but you should still be sure of the investment choice if you plan to make long term investments
full member
Activity: 1470
Merit: 132
BK8 - Most Trusted Gambling Platform
September 04, 2021, 07:22:39 PM
#34
I personally always have my own ways:
- Investing in crypto with free money, I mean if this is losing or decreasing, I will not really be sad or even need it for the short term.
- INvestment in crypto, not for all in. There must be good money management, we must have savings or investments in our offline world, moreover offline business ( this is my plan so far).
- Diversification is very important, both diversifying our money to the real world and online investment.
0- Diverisifcation in crypto is also important because we don't need to put our money into only all in one coin. I prefer to choose some top coins, at least 3 top coins for investment, but not the shitcoins, more to top coins.
sr. member
Activity: 2268
Merit: 275
September 04, 2021, 11:36:46 AM
#33
It's commendable, because that's what we do, not just about online funds in crypto. Because we also have urgent needs and don't have time to sell crypto holdings, especially when prices are falling. That way, your ownership of investment funds both in crypto and non-crypto, you only need to divide it into several parts as needed.
You have good financial management that has been divided into several independent financial groups when you need urgent financial needs, but it is better to increase your non-crypto fund holdings above 60% to ensure the needs of yourself and your family in the future.

Precisely we have to pay attention to factors that are often urgent and cannot interfere with crypto finance, because with divided financial management, at least we are able to make every finance in the form of daily needs materialize in an easy way.
I accept your advice, if 60% is non-crypto finance, that means we are more flexible in terms of increasing crypto only 40% and will not be disturbed only when we have an urgent need.
full member
Activity: 862
Merit: 100
September 04, 2021, 06:58:48 AM
#32
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

Actually, I agree with you that it is risky to invest all your money, you should have at least a little money for a rainy day. Quite possible that one day you will really need money, but your investments will be on drawdown exactly on this day and you will have to sell really promising tokens at low prices. So it is better to have a nest egg.
member
Activity: 112
Merit: 10
September 04, 2021, 05:08:38 AM
#31
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
basically people prefer their investments to actively generate some income, either bitcoin or altcoin, because basically they need income and profit.
full member
Activity: 1064
Merit: 100
Combo Network
September 04, 2021, 04:44:16 AM
#30
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

There's nothing bad if we make a good plan in carrying out investments, the crypto space is often said or described about large projects or small projects, because that's how the crypto space works and gives results for people who work on it.

It's not wrong if you also have offline and online money, this can be combined both in looking for maximum value, which makes us stupid when both can not be used properly at some stage of either result.
You don't get it, many newbies use all they have to invest in crypto, they forget to live and have a life in the process, crypto investment rule is never invest more than you can afford to lose but for some they don't care, I'm just saying while running to make money we shouldn't forget to breath
I think the method used like that is certainly wrong and when we invest using everything we have instead of the profit we get it actually increases the risk,
I hope beginners can learn more so that they don't make decisions that will hurt
hero member
Activity: 2814
Merit: 642
September 04, 2021, 04:29:50 AM
#29
I'd never forgotten that idea.
I always have cash stashed in my house. I even told my wife when we are starting to build our family, I don't want every money going into banks or other types of savings. There should always be cash left at home in case of emergency.
Up until now, we never forget it. Even if I invested with different coins or projects I won't touch a single penny on that money.
Its purpose is different and should not be spent.
hero member
Activity: 2786
Merit: 568
Leading Crypto Sports Betting & Casino Platform
September 04, 2021, 04:26:10 AM
#28
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 are a risk-taker and you have confidence in your investment in Cryptocurrency I don't see any reason why you should not, investing in Cryptocurrency although very volatile can bring good profit if you invest in the right coin, if it's a wise move to always have fiat at hands you never know if you need fiat on hand out of urgency.
It's on the mindset and mentality of the investor, but it's always been to only invest what you can afford to lose.
hero member
Activity: 2842
Merit: 772
September 04, 2021, 04:08:27 AM
#27
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

There's nothing bad if we make a good plan in carrying out investments, the crypto space is often said or described about large projects or small projects, because that's how the crypto space works and gives results for people who work on it.

It's not wrong if you also have offline and online money, this can be combined both in looking for maximum value, which makes us stupid when both can not be used properly at some stage of either result.
You don't get it, many newbies use all they have to invest in crypto, they forget to live and have a life in the process, crypto investment rule is never invest more than you can afford to lose but for some they don't care, I'm just saying while running to make money we shouldn't forget to breath

It's because on how crypto is being advertised by mainstream and crypto media.

Lots of news coming out saying that this x person have invested y amount and returns Z profit.

Or one family sell everything to invest on crypto and then travel around the world.

So it's a double standard, but one thing though, if you made a mistake here, then you still have chances to go back and re-invest but don't make the same mistakes again. And as you go along, you will gain that needed experience as the market works in cycle, bullish and bearish.
member
Activity: 196
Merit: 11
September 04, 2021, 03:30:38 AM
#26
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

There's nothing bad if we make a good plan in carrying out investments, the crypto space is often said or described about large projects or small projects, because that's how the crypto space works and gives results for people who work on it.

It's not wrong if you also have offline and online money, this can be combined both in looking for maximum value, which makes us stupid when both can not be used properly at some stage of either result.
You don't get it, many newbies use all they have to invest in crypto, they forget to live and have a life in the process, crypto investment rule is never invest more than you can afford to lose but for some they don't care, I'm just saying while running to make money we shouldn't forget to breath
hero member
Activity: 2492
Merit: 547
Rollbit
September 03, 2021, 05:20:17 PM
#25
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 have an idea what is financial management, then I guess you'll never have to worry about the money that gets in to investments and the money intended for life/emergency savings including insurances.
Diversification of asset doesn't only mean you focus on different types of crypto, but also with stocks, commodity, securities, and others.
It is always a smart move to diversify your investment IF you know what you're invested into.
The most common mistake of investors, is putting their money into something they lack of knowledge to.
hero member
Activity: 2828
Merit: 793
I am terrible at Fantasy Football!!!
September 03, 2021, 05:03:39 PM
#24
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
That is in fact one of the issues I have with the way people use the word diversification in this forum, many talk about diversification but they have all their money in this market just in different coins and that is not true diversification at all especially when most coins move in the same way since they have a high degree of correlation, if you want to have that effect then you need to invest in several assets, like stocks, bonds, precious metals and real estate.
legendary
Activity: 1722
Merit: 1014
September 03, 2021, 04:42:18 PM
#23
Proper diversification should count in all the possible losses and dumps, so yeah, you should have some crypto, some fiat money, some stocks and shares and some physical valuable recourses also.
legendary
Activity: 2954
Merit: 1091
Leading Crypto Sports Betting & Casino Platform
September 03, 2021, 04:39:20 PM
#22
I'm happy for this post because I keep talking about it when I see people talking about diversifying investments but they keep putting all the money they have into different altcoins and I keep saying that it's not diversifying and I always advise people that they should invest money in Real world too, don't simply rely on online investments and especially when it comes to altcoins which are very volatile and can drop too much in the long run resulting in huge financial losses
hero member
Activity: 2954
Merit: 724
Top Crypto Casino
September 03, 2021, 04:28:56 PM
#21
It is necessary to have some cash in your side so that you don't have to move your investments that are dwelling in cryptocurrencies. As you invest, you've been open into it as it's not going to be touched for a long time until you finally reap the profits.
This is where most of the investors, newbie to be exact of investing what they've got into crypto, almost everything and forgetting that it's not just an overnight success through investing on it.
legendary
Activity: 3080
Merit: 1230
Leading Crypto Sports Betting & Casino Platform
September 03, 2021, 04:14:38 PM
#20
I believe in crypto at 101% so I have put all of my investments in crypto and I withdraw weekly some of them,some of them I keep in wallets and some of them I invest in some other venues which are still crypto friendly.I like to have some money in hand which is my weekly withdrawing and I like a lot more to see my crypto wallets filled with some amount of coins in there,as we all know Ethereum is the predominant coin for most of us together with Bitcoin.
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