Topic: Sell My Portfolio for 75% of a Bitcoin? - page 3. (Read 422 times)
I am quite split into this, on one hand you are making money on different cryptocurrencies and you have a high chance that 1 or 2 of those cryptocurrencies will pump really high and you will be able to get a big profit and on the other hand, I believe that going for bitcoin to hodl for long term is going to guarantee you that your hodl will be worth the wait more. Bitcoin guarantees a profit while the other cryptocurrencies, you need to have some faith that they will go up in value.
Let me know what you guys think.
Many use to say that it's best to have at least 50% of your assets in Bitcoin.
On various short terms altcoins can have higher growth than Bitcoin, other times they are dumped hard. If you can trade from one into another, you can have better gains, but only if you know what you're doing. For HODLing you will have to choose better.
However, please DYOR and make your own decisions for what you do with your own money.
My portfolio
You can't call it a "portfolio" if you have bitcoin and altcoins. It is only a portfolio and is worth having if you have bitcoin and things that aren't dumping each time bitcoin price goes either up or down. That means assets that have no corrections with bitcoin like precious metals, stocks, etc.Quote
I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.
Then you have already failed at that aim since altcoins have no real world value.Quote
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.
And if you continue bag holding altcoins in long run that 0.55 bitcoin that is held in altcoins will be worth a lot less. You can verify this by looking at the long term history of altcoins.Quote
I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.
You aren't not-missing out on innovations by bag holding altcoins! 
ETH 30.23%
BTC 26.43%
XMR 10.39%
VET 9.60%
Other 23.35% (LINK, XRP, ADA, ALGO, ONE, HOT)
You can certainly get assurance from investing in Bitcoin compared to altcoins. Your goal is to secure your money before the bear season has come and you were right mate. If you ever hold those not known coins, better to sell them now and switch to Bitcoin but you can still retain those altcoins that you will think can provide you some profit, 25-30% is a good enough allocation for altcoins. Well, I have to suggest keeping only those on the top 10 altcoins, not new projects.
Let me know what you guys think.
If i do have 10 cryptocurrency or coins into my portfolio then it would vary if those are mostly in top ranks which i would consider on holding it out aside on going pure with bitcoin.
If you do talk about profits then earning profit on pure bitcoin hodl is much lesser if even out of those 9 alts youve been holding and some of it had pumped
which would generate even more.You wouldnt know on what future awaits for these coins but still its your own choice though.
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.
Sometimes the best move is a compromise between the two options that you present, one option is to keep your altcoin portfolio, the other is to sell everything and get bitcoin, why not just sell the coins you think have reached their limit during this bull run and keep the rest that you think still have a lot of potential and see if you can get the full bitcoin that you want? Now this option will not give you the most profits or give you the most bitcoin at the moment but it seems like the safest path. 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.
A good spread..
ETH 30.23%
BTC 26.43%
XMR 10.39%
VET 9.60%
Other 23.35% (LINK, XRP, ADA, ALGO, ONE, HOT)
Keep in mind that altcoins have the potential to gain profit in a short period of time, not like Bitcoin, it's good for the long run. If you're going to ask me, it's better to give a large allocation of Bitcoin in your portfolio than the altcoins. As I noticed, altcoins might be manipulated under the pump and dump group which is very risky when you store it for a long period of time. ETH 30.23%
BTC 26.43%
XMR 10.39%
VET 9.60%
Other 23.35% (LINK, XRP, ADA, ALGO, ONE, HOT)
I don't have enough information about the two altcoins above, XMR and VET and I don't think there's a potential to them. I just wonder why you didn't choose BNB, as long as Binance was there, they are very promising coins as well.
I suggest you to have always a DYOR in altcoins to pick as an investment and good luck with that.
first, never blindly believe anyone's advice, offline or over the internet. not even here on the forum.
However, Bitcoin is the most stable to hold especially in long term. I have seen many promising coins sometimes, and today they are completely worthless. Yes, they may have the potential to grow >500% and bring big profits, but they also have great potential for risk and complete collapse.
be sure to keep in mind, if Bitcoin going up, almost all other coins going up. If Bitcoin falling down, usually all other altcoins going down.
However, Bitcoin is the most stable to hold especially in long term. I have seen many promising coins sometimes, and today they are completely worthless. Yes, they may have the potential to grow >500% and bring big profits, but they also have great potential for risk and complete collapse.
be sure to keep in mind, if Bitcoin going up, almost all other coins going up. If Bitcoin falling down, usually all other altcoins going down.
It will help if you state what are those altcoins that you hold, they are 10 right? I think that's a lot and if it's possible, tell us how much you're holding with them and what percentage you have for each of them. If I'll be you and you're really believing in bitcoin, I'll do it without any question. In my experience, it's always the best choice to own bitcoin despite there are a lot of innovations from other projects, bitcoin will never be late on the price pumps which have been seen by anyone. But if you want to keep those altcoins, use your savings for it or just sell those altcoins that you think that has to be sold.
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 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.
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