Just in case | Bitcointalksearch.org

MinMan

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Quote from: tsaroz on September 03, 2021, 11:37:14 AM

You should have an emergency fund with you in any case.
And about saving, I think it's better to put them into crypto than on saving account. Yes, there are larger risks involved and if you don't want to risk all of it in crypto due to price fluctuation, future of individual crypto or risk of hack or phishing attack, we do have more established business with multi key wallets and custodial insurance that provides larger interest than on bank. You can diversify your saving into them and other trading pairs or staking coins.

I feel most of the peoples understand this, and they never put all eggs in one basket because serious and smart investors understand this can go any way in just few moments, and they can lose all funds, so mostly investors never put all funds just in one field or project they have 2 or 3 ways which help them in any emergency.

As when I started I invested in bitcoin and altcoins but before this all I already have my some investments in property and few other projects which I know for very long time and working very good for investors.

lizarder

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Quote from: Wulan_maniez on September 05, 2021, 07:06:24 PM

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.

It takes a balance between financial markets and investments in the crypto world, this must be balanced if we make these investments, the financial markets are not too risky that we will face, in contrast to the cryptocurrency world which has big risks, if we can't control them properly and well.

Altcoins are not so risky in investing, but if we invest here it takes a very long time to provide maximum profits, even if there are fast ones it will not be so maximal and promising, so investing in the crypto world requires proper analysis.

MaiQwaN

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If I have only a small amount to invest, how can I distribute it to different baskets? I'd rather buy a piece of Bitcoin or a piece of Ether in the hope that my investment will skyrocket.

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When it comes to saving i personally choose two online and offline paths.
On the online path I choose to invest in digital assets (cryptocurrencies).
On the offline path I choose to save investing for land, buildings etc.
Why don't I vote in one place, because it's true that you say it's not good for the economic development of our lives.
Because obviously everything has risks.

magnum cyber

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I like your ideas, but I'm not sure if everyone puts all their money in multiple baskets is a bad decision? I assume that they have also thought about it before making a decision. especially on money, like a real example, I personally have $ 500, then I use $ 250 only for crypto (a few baskets of eggs) and the rest I save as savings in the bank.

South Park

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Quote from: Wulan_maniez on September 05, 2021, 07:06:24 PM

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.

And it is easy to understand why this is the case, almost all the markets are overvalued and it is not worth to invest in them, however even with the high price of bitcoin I still think it can go much higher so this is an easy decisions to make, we need to remember that diversification is a tactic to protect your capital but if you want to earn money then concentration is the name of the game, which is what the majority of the people in this market are doing.

Natalim

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Quote from: Xampeuu on September 08, 2021, 02:59:09 AM

Quote from: H1N1 on September 08, 2021, 02:16:10 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?

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

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

Its always a good thing to diversify our investments with what we think are seem profitable. Aside from minimizing the risk, there will also be less chances that we will feel the losses we have because if one of our investments fail, the other one might still surviving. So we will never be totally in huge loss.

But i understand what OP wants to impart. Despite of all the investments we had either in crypto,stocks or real estate, we also need to secure our offline investment like having enough funds for emergency purposes. There must be a good amount that should be considered as our family savings so that if all the investments fail, we will not be left in an empty wallet.

Ekyfitri

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Quote from: Xampeuu on September 08, 2021, 02:59:09 AM

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

it all depends on the selected asset. not just bitcoin I guess. to maximize profits if you have not too large capital, there are many other potential altcoins such as DOT, ETH, and BNB that can be an option. and I'm sure those assets won't end badly. but it also depends on our ability to manage our psychology to face the market.

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Quote from: H1N1 on September 08, 2021, 02:16:10 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?

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

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

I don't think it's a problem if you only invest in 1 coin, as long as the investment is in bitcoin. but sometimes many people who want more profit so choose altcoins to invest. but for a smart investor, of course he will divide his capital into several altcoins so that by diversifying it, will make the risk lower

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Quote from: H1N1 on September 08, 2021, 02:16:10 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?

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

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

because they are volatile they can turn a profit quickly. I'm sure many people think like that. although they also understand that the risk of market fluctuations is also very large.
dividing investment into several assets is very good to maximize profits as well as to minimize risk. but sometimes in dividing investment assets, we do not always focus on analyzing which can make us wrong in taking assets.

Silver80

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Quote from: Viscore on September 03, 2021, 04:07:09 PM

Quote from: lizarder on September 03, 2021, 03:51:54 PM

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

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.

Well, i think its really a must that we should not only make online investments but also give chances for offline investments like those stable assets that can guarantee us sure profits. Unlike crypto although its definitely a source of huge profits but the security is very slim. So we also need to diversify our investments between online and real life.

There should be savings for emergency cases because it will surely come in the most unexpected days so atleast preparing for it can prevent us from panicking.

This is the right step, if we provide special savings for urgent needs, at certain times that we cannot predict when it will happen, but we need a good balance in making special investment and savings patterns.

Cryptocurrencies do have a big risk, if we can't take advantage of this well in investing, we need to analyze, patterns and ways of thinking in carrying out these investment actions, this requires mature knowledge in investing, if we can't prepare ourselves for this, then future opportunities we will lose and lose.

there seems to be a special character of keeping the investment of income into three for 1 part for daily shopping, one part for pocket money and one part for investment, most of us don't take care of it or can't stand it.

H1N1

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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

Well, actually they diverse their investment with several coins which is better than only invest on 1 single coin.
Some people like to investing in crypto because crypto is more volatile than other assets which can bring more profit, also more loss.
No wonder they prefer crypto than fiat or other 'offline' asset to invest on.

anandaijun

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Quote from: fullhdpixel on September 06, 2021, 03:10:38 PM

Quote from: anandaijun on September 06, 2021, 05:46:20 AM

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.

If your nation doesn't have too many crypto people then it is even better to be in crypto. It means that while others are not making the similar amount of money as you, you will be able to rake in profits in crypto. Plus if you want to do p2p then you could be the person people go to and can make as much as 10% from the transactions as well, meaning you will get to make 5k+ profit from each bitcoin transaction.

It is really a great way to get ahead of everyone in your nation, I live in a nation with a lot of crypto people, and even I am doing fine because I got in a lot earlier than they did, way before people even know what crypto was, so I am doing very well compared to rest of the nation.

Good advice to implement in a country that doesn't use crypto much. You look like a reliable economist. But I'm not saying that my country doesn't do a lot of crypto transactions but that it's a country that doesn't do much crypto. In my country, almost everyone's trading activity is involved. But I still make gold a good asset to keep because its value is stable and can increase.

sherenikaw

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Personally, I distinguish between money for investing in crypto and offline because it is true that we must have offline money reserves. but maybe for big investors who are already good at it, they will set aside more funds for investment because they have the ability to play money well. that would be good too because the profits to be gained are also much greater. the most important thing is how we can be careful in managing the assets we have in order to minimize get the losses in them.

Kasabus

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Quote from: LordMiguel on September 06, 2021, 03:33:22 PM

your points are valid. i have 60% of my finance in fiat not cryptocurrency and i invest what i can afford to loose. i know i have pumped in my saving to crypto and i am yet to make substantial gains. i am currently making little gains and profits. i know it is a long process but i hope and believe that my investment will yield a lot. it is a process na di strongly believe that it is worth it. i started crypto investment with nothing and i know howmuch i have made.

It's good to hear that you are really making consistent profits in crypto and for sure it will grow more if you keep it managing right. After that, then you can start saving a portion of it for your lifetime savings. Its good to diversify your investments not only in crypto but even in real life established assets or investments.

Crypto investments are definitely high risk but if you can manage the risk and reduce it, then more likely that you will still have a successful investment that will give huge profits more than what you expected. Most of the time your mindset really matters.

LordMiguel

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your points are valid. i have 60% of my finance in fiat not cryptocurrency and i invest what i can afford to loose. i know i have pumped in my saving to crypto and i am yet to make substantial gains. i am currently making little gains and profits. i know it is a long process but i hope and believe that my investment will yield a lot. it is a process na di strongly believe that it is worth it. i started crypto investment with nothing and i know howmuch i have made.

Golftech

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Quote from: Shallow on September 06, 2021, 07:17:18 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?

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.

The risk and not just all for the benefits. If you understand this well and you will take your chances, it's good to invest
the amount that you will let go, it said that diversity is good, but knowing how to execute is far better, those people
Who have both online funds and offline funds means that they have other investment away from their online business. They have
their own reasons and they have their own versions of success.

fullhdpixel

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Quote from: anandaijun on September 06, 2021, 05:46:20 AM

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.

If your nation doesn't have too many crypto people then it is even better to be in crypto. It means that while others are not making the similar amount of money as you, you will be able to rake in profits in crypto. Plus if you want to do p2p then you could be the person people go to and can make as much as 10% from the transactions as well, meaning you will get to make 5k+ profit from each bitcoin transaction.

It is really a great way to get ahead of everyone in your nation, I live in a nation with a lot of crypto people, and even I am doing fine because I got in a lot earlier than they did, way before people even know what crypto was, so I am doing very well compared to rest of the nation.

marilynmanson21

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have 5 different coins and are in a good position, demand is stable why not invest more coins, with many coins the opportunity to get profit can also be faster,
having a number of offline funds, I think it is mandatory for everyone because the obligation is not only just in case but we are obliged to have offline funds, in contrast to crypto as an investment that hopes to get profits and disbursements into currency when we really have made a profit (money relaxed)

avarnet

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offline money;
What is meant by offline money is money that is used for buying and selling in cash or bartering goods for money
Money used as a means of payment began in modern times, while the means of payment itself has been known since prehistoric times. People in prehistoric times were familiar with buying and selling,
the difference is that they do not use payment instruments in the form of money. The process of buying and selling online is like now crypto,
having offline investment assets is very important such as savings in bank account books and gold bullion as well as property assets that we store offline, and
The most important thing in the online world is that you also need investment assets such as bitcoin and other altcoins for the future but you only save as much as you can, you don't have to make all your savings an investment asset in crypto

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.

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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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Quote from: ?? on ??

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.

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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.

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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.

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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

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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.

harizen

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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?

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?

mumang siat

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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

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.

Baihaki Khaizan

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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.

Kemarit

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Quote from: Reid on September 04, 2021, 04:29:50 AM

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.

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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

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

lalabotax

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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.

Fesatmas

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Quote from: erep on September 03, 2021, 02:34:39 PM

Quote from: Fesatmas on September 03, 2021, 02:02:05 PM

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.

lumierre

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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

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.

Alf_m.h

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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

basically people prefer their investments to actively generate some income, either bitcoin or altcoin, because basically they need income and profit.

CapGelatik

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Quote from: Bravehash on September 04, 2021, 03:30:38 AM

Quote from: lizarder on September 03, 2021, 03:51:54 PM

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

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

Reid

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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.

coin-investor

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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 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.

Jating

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Quote from: Bravehash on September 04, 2021, 03:30:38 AM

Quote from: lizarder on September 03, 2021, 03:51:54 PM

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

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.

Bravehash

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Quote from: lizarder on September 03, 2021, 03:51:54 PM

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

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

Oasisman

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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 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.

South Park

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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

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.

letyouearn

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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.

Slow death

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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

tabas

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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.

swogerino

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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.

Viscore

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Quote from: lizarder on September 03, 2021, 03:51:54 PM

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

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.

Well, i think its really a must that we should not only make online investments but also give chances for offline investments like those stable assets that can guarantee us sure profits. Unlike crypto although its definitely a source of huge profits but the security is very slim. So we also need to diversify our investments between online and real life.

There should be savings for emergency cases because it will surely come in the most unexpected days so atleast preparing for it can prevent us from panicking.

lizarder

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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

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.

celot

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According to my principles. When I decide to become a crypto investor I divide my money. I always have my needs met before I invest. And certainly we must have physical money because this is very influential in our investment journey later. If we run out of money in the middle of the journey, we are forced to take investment money. So this is why it is important to have physical money.

cryptoknows

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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 say quite rightly, the investment portfolio should be much more than 5 coins, especially if you managed to jump on the DeFi boom in 2020. The main support for investments now is technological solutions, only this fact will allow investors to bring stable profits. There are many such projects now among NFTs, but projects supporting cross-chain like Solana, Near, matic have much more chances. After all, new and new sites are being built on their basis, from games to defi. Summing up, we can say that now it is imperative to look at the technological component and not only technical analysis, and of course the diversification of funds

isaac_clarke22

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

~

It's their decision and let them be, OP. I can imagine some people here around my area selling everything to even buy some NFTs if they can't afford to get scholarship from other people. It's not a smart move of course. You already know what your life savings are for, and you shouldn't put it into something that would give you $0 or lower than what you had invested.

Offline funds? Do you mean paper money? I mean of course, it just circles back on why you shouldn't spend it all in crypto. How guaranteed are you to buy your needs with crypto near your area?

Princejebs

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Only a naive person will make that kind of move. There is more to life the same way there is more to investments, crypto is not the only option and I'm certain that even the microstrategy to that a lot because no one knows the future of crypto here since it's not yet fully regulated, if you put all savings in crypto and then the atmosphere becomes restricted, what comes the of the next move?
That's why it's highly recommended that savings are channel into different investments, I have not just online investments but physical too.

erep

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Quote from: Fesatmas on September 03, 2021, 02:02:05 PM

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.

Fesatmas

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

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

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.

sujonali1819

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Everyone should have a shavings and investment Cap. Or we can say Virtual money is for investment and Offline money is shavings which you can spend in your urgency or Family needs. Even they need more money they should spend the virtual money for the urgency. Because you earn money for only your living life. If you can not spend your earning in your urgency irl then the money is unvalued. It have not any worth.

And I always suggest to not invest all the capital you have.

semobo

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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

No matter how many coins you have in your portfolio it doesn't mean you have to invest your savings as an investment, the investment comes from savings but you should have something in your savings for your emergency needs depends on your networth and they choose whatever coins you think that its good to be invested.

Ucy

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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

Ofcourse.
People should diversify their investments. And it's better to invest more in useful projects that can stand the test of time, and less on project that aren't really safe both long or short-term.
I would encourage anyone to invest in things that did not compromise on standards to be able to succeed in the market. I believe such businesses are worse or almost at thesame level as those who failed to deliver anything. The future consequences of the compromises would prove this right. Your minds should be more focused on good standards/principles... Projects should be useful without compromising on that.

Questat

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Either it was a smart decision or not but that was their choice and I think they have thought it many times before doing this. Thus, if you are not comfortable investing in crypto that was because you are doubtful of the capability of this but these people who spend more money in crypto have thought differently from you and they believe that this is the smart idea.
Well, have you thought also the investing offline or outside crypto gives you the best compared to crypto? That is the question and that people have their choice where they become guilty of trusting themselves.

terciduk123

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Everyone has their respective financial management. Most people say about their portfolios in some types of Crypto, that doesn't mean they don't have a portfolio other than Crypto, because here is the Bitcoin / Cryptocurrency forum so they only talk about their Crypto assets / portfolios, maybe if you can meet directly or communicate on the another forum that more general, They will also share their portfolio for more general. What is the percentage of the portfolio in Crypto and what percentage of the portfolio is in another case, then the percentage is divided into several parts.

After all, the results of Crypto are always enjoyed in the real world. Don't forget, on the Exchange there is always a deposit button and withdrawal, use both well.

Ultegra134

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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

My cryptocurrency savings are completely separate from the money I'm using on a daily basis. I recently acknowledged what you're saying, except the diversification of portfolio. Funds should also be allocated in different sources/wallets. I had all my funds from DeFi (Expect Bitcoin of course) in one wallet/account on Metamask, my account was compromised and risked losing everything.

Taught me a lesson, I'm now trying to allocate my assets within 2-3 wallets.

tsaroz

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You should have an emergency fund with you in any case.
And about saving, I think it's better to put them into crypto than on saving account. Yes, there are larger risks involved and if you don't want to risk all of it in crypto due to price fluctuation, future of individual crypto or risk of hack or phishing attack, we do have more established business with multi key wallets and custodial insurance that provides larger interest than on bank. You can diversify your saving into them and other trading pairs or staking coins.

$anounimus$

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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?

Actually, this step is smart enough to do as long as what he holds are good coins, but the risk is still there and not small, so this certainly needs adjustments in a more mature direction.

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

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

Not everyone is like that, and maybe what you see is a beginner who is new to the cryptocurrency space and doesn't have many responsibilities in his life so he dares to put all his assets into the cryptocurrency space, even though separating some assets into several parts is very important like 60% into cryptocurrency and 20% in the bank and another 20% in offline.

Yogee

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Yes diversification is allocating your investment fund to different crypto or other financial markets. You can take some of that money from life savings but never all.

You can choose one crypto if you don't have much to invest then increase accordingly as your investment fund grows bigger.

TravelMug

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It's open for interpretation, I mean for me, diversification means means you have investments of different assets, meaning you can have crypto, stocks, or even gold and real state.

But as we only talk crypto here, so obviously, it's means dividing your capital to bitcoin and then mostly altcoins. And I would assume that majority could have 60% or more on BTC and the rest spread across solid and established altcoins.

Bravehash

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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

Topic: Just in case (Read 502 times)