Sell My Portfolio for 75% of a Bitcoin?

LUCKMCFLY

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Quote from: Fatunad on June 08, 2021, 04:40:20 PM

Quote from: tvplus006 on June 08, 2021, 07:11:26 AM

Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

...I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value...

Even if the market continues its bull run, many of these coins will no longer increase in value. But given the situation that is happening in the cryptocurrency market, I can assume that all altcoins have a losing position. And if the bitcoin correction continues, these altcoins will lose even more in price than bitcoin.

Depends on the coins that OP was holding because we cant just make out some conclusion or making some period that those altcoins wont really be having the chance for some recovery specially if majority of those coins are on top ranking or even included on top 100 on the entire cap. Its actually depending on someone if he could really make out some balancing in between the profits made in alts he hold or solely focusing with possible potential profits that he could attain if he goes full with bitcoin but if I were to say then it is much worth to make out some diversification rather than going all in on one coin because chances or intensity of profits is a bit
in huge gap.

Honestly, having a huge wallet with potential in tokens likely to go up is a difficult decision, but if it were at the moment in that case, it would undoubtedly sell them, because BTC may have a bad streak at the moment (which is normal in all markets) because at any moment BTC will have an imminent recovery.
Just the fact of thinking that the S2F model is about to happen at any time is a sufficient incentive to acquire that 75% of BTC and look for the other 25% to complete it and in a couple of years be a millionaire, because in 1 or 2 years the price of BTC may be at $ 288k, which is expected.

Shenzou

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Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

I think you should do what you belive in because that is all what investing in cryptocurrency is at the end you support the currencies that offer a certain solution and bring somthing new, of course bitcoin is always going to be the king of these curencies, so what i suggest you do is to go through the 10 that you have invested in see where they are now and see where they are heading if they are going in the direction that you believe that is going to lead to future profit that keep them otherwise you just better off investing in bitcoin.

Silberman

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Quote from: aoluain on June 07, 2021, 03:10:31 AM

@pooya87 has it right in all points.

I currently have 100% in Bitcoin, I used to have some alts but over a year ago I
exchanged all back into Bitcoin.

If I look at those alts now, they are gone outside the top 10 in Coinmarketcap and
the altcoin section of the forum is rarely talking about them. The focus in alts
is constantly changing to the newer project which promises to have a real
world solution, until the next new project comes along.

Altcoins are for the developers of those alts to take Bitcoin from people and
offer those people a 1 in xxxxx chance to get rich quick.

We all know how different that is compared to Bitcoin.

A great deal of altcoins are nothing more but distractions which prevent you from reaching your real goal, most of those that enter the market have a number of bitcoin they may like to reach but when they see the price they have to pay they know they cannot do it by just investing fiat so they take the opportunity to invest in altcoins and generate more bitcoin that way, the OP is one of the few that was successful on doing exactly this, however since he was unable to reach his goal he is doubtful about what to do but taking into account the altcoin season is over then it seems it is time to sell most of his stash and get bitcoin instead.

Kopetunto

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my advice is not to sell more than 50% of your portfolio, because if you sell it you can regret it later,
indeed many famous influencers always have bitcoin FUD, and create panic in the market,
and dumps happen like yesterday Bitcoin back at $31k again, and now watch!, the price went back above $33k

worle1bm

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Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

See if we seriously talk about investing then we can diversify our funds into different potential altcoins that do not fully rely on Bitcoin growth and have development team behind them to support the coin in future.If you look at the charts as smart investor you would find that ETH,BNB have shown huge margin growth compared to btc this year.For example stimulus check of $1200 invested in btc would be worth around $5-$6k but the same for eth or BNB is $15-$17k which makes huge difference and traders have gained through this.But in the long run for potential gainers who do not want to make short term profits yes Bitcoin is the best option to them.So your decision is wrong or right it's your choice man.But you will not loose in the long run.

Questat

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Quote from: feelideb on June 08, 2021, 04:29:30 PM

I think bitcoin will be very valuable in the future! We can see the mess and financial holes counties of world keep digging for their citizens by printing more money not back by real asset! The whole finacial system may crumble someday and that is when bitcoin will be very valuable! So, it is adviceable to at least own one bitcoin! Convert your portfolio to bitcoin if you feel the time is right for it!

And do you think that Bitcoin will replace fiat money in the future because of the mess that you see so there is a need for us to accumulate more on Bitcoin? I don't think so and I don't that is the reason why OP had to sell his altcoins for that sake. He aims for 1 full Bitcoin and it finds no wrong for me at least he has motivation and goals in life.

But the question is what he has to do with his 1 full Bitcoin after achieving it?

perfect999

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Quote from: tvplus006 on June 08, 2021, 07:11:26 AM

Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

...I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value...

Even if the market continues its bull run, many of these coins will no longer increase in value. But given the situation that is happening in the cryptocurrency market, I can assume that all altcoins have a losing position. And if the bitcoin correction continues, these altcoins will lose even more in price than bitcoin.

You have a good point but the way I look at the market is quite different.

Bitcoin for all the great value it provides lacks a few key features like the speed of transactions and smart contracts which have already been achieved by other tokens. People have sympathy with Bitcoins which is the reason it is still the best and most dominant crypto in the market but there will soon be a time, I believe, when other tokens will take over Bitcoins. Moving forward we cannot just expect Bitcoin to remain the dominant force because it is the first crypto and since there are other tokens that provide better transaction speed and use-cases I feel like investing in tokens is the way moving ahead.

I might be wrong but I always feel that innovation is the key and with more tokens coming with better innovations, at some point Bitcoin will lack behind.

Fatunad

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Quote from: tvplus006 on June 08, 2021, 07:11:26 AM

Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

...I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value...

Even if the market continues its bull run, many of these coins will no longer increase in value. But given the situation that is happening in the cryptocurrency market, I can assume that all altcoins have a losing position. And if the bitcoin correction continues, these altcoins will lose even more in price than bitcoin.

Depends on the coins that OP was holding because we cant just make out some conclusion or making some period that those altcoins wont really be having the chance for some recovery specially if majority of those coins are on top ranking or even included on top 100 on the entire cap. Its actually depending on someone if he could really make out some balancing in between the profits made in alts he hold or solely focusing with possible potential profits that he could attain if he goes full with bitcoin but if I were to say then it is much worth to make out some diversification rather than going all in on one coin because chances or intensity of profits is a bit
in huge gap.

feelideb

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fLibero.financial

I think bitcoin will be very valuable in the future! We can see the mess and financial holes counties of world keep digging for their citizens by printing more money not back by real asset! The whole finacial system may crumble someday and that is when bitcoin will be very valuable! So, it is adviceable to at least own one bitcoin! Convert your portfolio to bitcoin if you feel the time is right for it!

jaberwock

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Quote from: zanezane on June 08, 2021, 06:36:49 AM

That's a difficult decision to make because OP as you have said, you are making money but going for bitcoin that will grow in the long-term in an enormous profit. The advices here OP don't necessarily apply to you because you are the only one that can decide what's going to happen next.

Yeah, the final decision has to be of the individual but it is better to seek secondary advice. If I was given the chance, I would have converted everything into BTC and forget about it for a few years. No doubt there are some great altcoins in the market with excellent smart contracts and use-case but I still don't think they are getting anywhere close to the popularity of Bitcoins anytime soon.

When you talk to anyone about crypto, they will hardly recognize any coin but will always be aware of bitcoin, which speaks for the popularity and FOMO that bitcoin brings. You might invest in the best altcoins but I doubt we will ever see a growth that Bitcoin would achieve in the next few years. Even recently when BTC had a bull run and went from 15-20k to 50k and more, I don't think any other coins barring a few, quadrupled their value.

ven7net

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Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

If you are more interested in innovations in the field of crypto, then you should definitely pay attention to other promising cryptocurrencies in order to get maximum profit in the future and provide yourself with constant income. But if the goal is only to have income, then here you need to carefully calculate which cryptocurrencies can give you more profit. Bitcoin has shown over the past few years that it can bring excellent profits to its holders, which means that there will be nothing wrong if you still keep your funds in BTC. But all the same, it's up to you to decide.

tvplus006

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To the Moon

Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

...I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value...

Even if the market continues its bull run, many of these coins will no longer increase in value. But given the situation that is happening in the cryptocurrency market, I can assume that all altcoins have a losing position. And if the bitcoin correction continues, these altcoins will lose even more in price than bitcoin.

zanezane

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★Bitvest.io★ Play Plinko or Invest!

That's a difficult decision to make because OP as you have said, you are making money but going for bitcoin that will grow in the long-term in an enormous profit. The advices here OP don't necessarily apply to you because you are the only one that can decide what's going to happen next.

isaac_clarke22

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Quote from: examplens on June 06, 2021, 06:48:17 PM

~

Worse other alts value just go lesser than an atom. Cheesy

@OP Just DYOR. Either you expect someone shilling their coins in here or you won't have any good advice since it is your money.
In case of doubt, go with Bitcoin.

Kelvinid

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win lambo...

Neither I'm going to stop as it was your ambitious dream. I don't have a 1 full BTC but I'm don't want to have either.

I know your intention is good, that was a sort of motivation. You have work it hard, reach your goal, that's it. I'm also diversifying my portfolio and sell some of my holdings but it wasn't forsake to have 1 full BTC, it is was because I want to earn money. Maybe I was so practical but I believe this what we wanted and this the reason why we come here and invest in crypto.

TheUltraElite

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So anyway, I applied as a merit source :)

A dream for owning one complete bitcoin is an absurd one with no logic backing it but only an emotional one.

Once you start accumulating bitcoin it will anyway cross one whole bitcoin and more, so whats the point in trying to change in your portfolio for that? Your intent is something different here, you wish to get out of the altcoins and get into bitcoin, which is a logical one.

So do that when the altcoin prices rise and sell them at that time to bitcoin or better yet, use an intermediary stablecoin like USDT and sell USDT for buying BTC when BTC drops. But dont focus on absurd things like one whole bitcoin one whole ethereum and so on.

For a new investors I understand owning a complete bitcoin is like a wet dream, but this is trading and here emotions and dreams have no place. It is a game of pure nerves.

boumalo

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Quote from: jilkspie2 on June 06, 2021, 05:41:58 PM

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

De-risk and sell about half your altcoins to have 0.5BTC, half your goal, and you keep some exposure to the altcoins you chose.

You loan 0.2BTC on a safe exchange to get some revenue out of your BTC.

You make money and keep investing in BTC and you will probably get to your 1BTC goal.

maxreish

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If you sold your 75% portfolio and you are contented with the results and you already achieved your profit goal then it might be good for you. But selling it off at this moment that bitcoin was at bearish mode, well perhaps if you still at profit then it is all up to you.

But in my situation, I'd rather hold this tight up until it reach again new ATH.

Hypnosis00

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Quote from: Johnyz on June 07, 2021, 06:22:43 PM

Personally I prefer to hold 2 to 5 good coins only and the rest are for my short term and medium term trading. That’s your money mate, you can really do whatever you want and your main concern should be the knowledge on where to put Money, our suggestion is just an idea and at the end of the day your own analysis will matter. If you are more comfortable with Bitcoin then buy more but if you want to explore the market, its also good to have a balanced portfolio, 50% for Bitcoin is already a good start.

Well, we have a different mindset and market insights. Because for me, I saw huge market gains for altcoins this time compared to Bitcoin. Maybe it was the wisest thing is to hold more on altcoins than Bitcoin or might to say 50% altcoins and 50% Bitcoin, I think it was the best deal. However, if we aim for long-term investment and might want to relax having the confidence that our portfolio will never decrease, then Bitcoin is the best choice.

Well, I'm still holding more on Bitcoin, I keep some of the potential altcoins for a long-term deal. But it can also be changed depending on the market situation and a chance to for some diversifications.

Johnyz

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Personally I prefer to hold 2 to 5 good coins only and the rest are for my short term and medium term trading. That’s your money mate, you can really do whatever you want and your main concern should be the knowledge on where to put Money, our suggestion is just an idea and at the end of the day your own analysis will matter. If you are more comfortable with Bitcoin then buy more but if you want to explore the market, its also good to have a balanced portfolio, 50% for Bitcoin is already a good start.

Topic: Sell My Portfolio for 75% of a Bitcoin? (Read 422 times)