Sell My Portfolio for 75% of a Bitcoin?

LUCKMCFLY

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Quote from: Fatunad on June 08, 2021, 03:40:20 PM

Quote from: tvplus006 on June 08, 2021, 06:11:26 AM

Quote from: jilkspie2 on June 06, 2021, 04:41:58 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, 04:41:58 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, 02:10:31 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, 04:41:58 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, 03:29:30 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, 06:11:26 AM

Quote from: jilkspie2 on June 06, 2021, 04:41:58 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, 06:11:26 AM

Quote from: jilkspie2 on June 06, 2021, 04:41:58 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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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, 05:36:49 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.

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 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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Quote from: jilkspie2 on June 06, 2021, 04:41:58 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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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, 05:48:17 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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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, 04:41:58 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, 05:22:43 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.

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Quote from: ene1980 on June 07, 2021, 04:40:14 PM

Quote from: jilkspie2 on June 06, 2021, 04:41:58 PM

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.

Since you said you are holding the coins in multiple cryptocurrency it is difficult to give you an opinion as there are several coins that rallied in the past few months and there is a possibility that some of them will go down as well and if you are smart enough book your profit when the price is rallying rather than holding them expecting them to go further.

The choice is yours on how you want to hold your investment and in my past rallies there were points in time where i thought about holding further for some of the coins i am holding rather than converting them and just like that the valuations went away when there was a major correction. So take your decisions wisely.

The final decision always relied upon you, but I like the idea of booking the profits while the value still up,
instead of being greedy thinking that the asset will grow for more.
But if you have such goals and you do believe that what you now have are good enough to keep and wait for
the moment that you'll see the real value to reached 1 full Bitcoin.
Aiming for long-term and holding good assets will fulfil your target. Good luck!

ene1980

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 PM

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.

Since you said you are holding the coins in multiple cryptocurrency it is difficult to give you an opinion as there are several coins that rallied in the past few months and there is a possibility that some of them will go down as well and if you are smart enough book your profit when the price is rallying rather than holding them expecting them to go further.

The choice is yours on how you want to hold your investment and in my past rallies there were points in time where i thought about holding further for some of the coins i am holding rather than converting them and just like that the valuations went away when there was a major correction. So take your decisions wisely.

Yatsan

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If you are seeing betterment with your portfolio by doing a big decision of converting those cryptocurrency coins and make it into Bitcoin possession, then it is up to you but you have a point that by doing such you will be compromising the possibility of exploring the other innovations in crypto within the vast market we are currently into. But having 0.75 Bitcoin is really a big thing though. It is a hard time doing the decision but if you see that you can grab the big chance of obtaining a big portion of Bitcoin, then do it because you can acquire once again those cryptocurrency coins you will be selling for the sake of Bitcoin.

Branflakes92

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Quote from: Vishnu.Reang on June 07, 2021, 08:58:38 AM

Quote from: Branflakes92 on June 07, 2021, 08:50:06 AM

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

Mine is more than 90% BTC now. Back in 2018, I sold most of my alts, and converted them to either ETH or BTC. That proved to be a good step, because the coins that I sold back then (BitSend, Denarius, Gbyte.etc) are now almost worthless. And I am sure that the same will happen to many of the coins listed out by OP. I am not saying this about coins such as ADA and ETH, but about the other alts in that list. The recent bull rally has taken the altcoin market share from less than 25% to more than 50%, and this has made many of these coins heavily overpriced.

Mine was supposed to be closer to 70% BTC but the recent correction and ETH/XMR's performance vs BTC has pulled these two much closer to BTC than before. I do see ETH/XMR as having a lot of staying power (smart contracts/defi and low fees/privacy respectively) and would like to hope they will not crash too much more than BTC after this bullrun is done, and perhaps even decouple (although I see that as unlikely for a long time). I am a new investor this cycle though, started DCAing in Feb 2021, so I am a noobie to swings of the market so could end up being totally wrong.

pawanjain

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That would probably be a bad idea. I know how it feels because similar to you even I have the dream of holding one whole bitcoin.
But if I were in your place then I would not sell all my altcoins to hold 0.75 BTC. If the altcoins you hold do have a lot of potential then may be they might give you more than 1 BTC all combined but if you convert your altcoins to bitcoin then they will stay 0.75 only. Yes, the opposite can also happen and you might lose the amount in bitcoin pair as well but that's the risk you have to take.
Also, we should never put all our eggs in one basket and diversify our portfolio but I do think that 10 coins are a lot.
I think 5 are sufficient and you can exchange the rest to bitcoins. Eventually it should be your final call.

bitbollo

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Most of altcoins are just a pump and dump scheme. It's very risky growth a portfolio where the exposition to altcoins is bigger then 50%.
Even if we have seen some "miracle" in the past this doesn't means it's something easy or it can happens with a certain frequency.
Please note that the value of some altcoins can be flawed by some mistakes: there is not enough market volume, shady exchanges with high price, transactions fees and exchange fees.

UserU

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I reckon its better to keep the alts while slowly earning Bitcoin along the way. Alts have good growing potential and selling all of them while the prices are still sideways isn't a good idea.

But its your choice in the end, and if you like seeing the full 1 digit, by all means.

Vishnu.Reang

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Quote from: Branflakes92 on June 07, 2021, 08:50:06 AM

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

Mine is more than 90% BTC now. Back in 2018, I sold most of my alts, and converted them to either ETH or BTC. That proved to be a good step, because the coins that I sold back then (BitSend, Denarius, Gbyte.etc) are now almost worthless. And I am sure that the same will happen to many of the coins listed out by OP. I am not saying this about coins such as ADA and ETH, but about the other alts in that list. The recent bull rally has taken the altcoin market share from less than 25% to more than 50%, and this has made many of these coins heavily overpriced.

Branflakes92

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If its your dream to get a full bitcoin then absolutely get it done. You'll be annoyed if you don't imo. Altcoins are performing well against bitcoin compared to how the were doing a few months ago, so you'll get a lot more for your money. Of course its possible that those coins will rise faster still than bitcoin but that's the risk you take.

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

TopTort777

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This is actually a very smart move. From my point of view, chances that bitcoin will recover and recover quicker are higher than any altcoin will do the same. Also, if bitcoin recovers, no doubts that it will update ath. While when bitcoin price was 64k$, not every altcoin updated its ath.

swiftbits

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Not my expertise to share great insights; for me, it would be better to minimize the number of alternative coins you invested in.
Maybe limit it to under 5. many altcoins come and go at the market chart; choose the safest coin out there.

Chato1977

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 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.

Never let your desire goes to Altcoin against bitcoin..

if you wanted to sell then only part of it but maintain the majority of funds inside Bitcoin and not for altcoin.

You will regret that decision all your life trust me.

yazher

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That's really some hard decision you got there but all of the users here can only give you their suggestions at the end of the day you will gonna choose what to do with your current portfolio. With this kind of market situation, you need to decide courageously with your own personal decision that whatever might happened you don't regret after that. There are lots of happening right now after the price fell from more than $50k and no one really knows when will it be back again so it is better that whatever decision you will make after this, you won't ever regret it.

Vishnu.Reang

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With the altcoins looking inflated right now, I would agree with your suggestion of increasing the share of BTC to at least 75%. But needs to analyze various cryptocurrencies carefully which of the alts you need to sell. Obviously you need to reduce the share of ETH, since it is 30% of the portfolio. I would suggest to sell 4/5th of the XMR holding. The same advice with XRP as well, because these coins are looking overpriced with low future potential. Would do the same with ALGO, ONE and HOT. With LINK and ADA, I would be more cautious.

Ararbermas

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Always keep in mind that bitcoin still the real king when it comes long term hodling.. Yes there's a lot of opportunities in crypto space but you don't even know how can it guarantee after all unlike bitcoin wherein proven and tested even before that day when the value wasn't too high. So how much more now?
Indeed it has good technology so it always too good to rely, surely this the common reason as well after it plunges it rocketed because a bunch of investors still see it good and very promising even everytime here in crypto space there's a new projects emerges.. Be smart mate don't easily fell in other advices.

Lucius

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Quote from: goinmerry on June 07, 2021, 02:02:53 AM

It's your dream to own a BTC1 so why still confused? Go ahead and sell your altcoins as the more days are passing, it will just make you more confused.

He’s not confused, he’s just hesitant about the moment he should make such a move. The first reason why he hesitates is that he will still not have 1 BTC even if he sells everything he has - and the second is that somewhere in his subconscious he knows that he could have achieved his goal if he had done it a month ago.

In other words, if he didn't take the opportunity when the whole market was at its peak - why do it now?

kotajikikox

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 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.

Wait how much is your capital from this investment ?

Because from that will appear our advices mate, it is hard to tell you what to decide if i dont know how much earning or losses you have.

Quote

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.

Wait you are aiming for 1 whole bitcoin then you best not to have this kind of behavior because it looks like you are turning into either maintaining altcoins or jumping to bitcoin.

aoluain

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@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.

goinmerry

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It's your dream to own a BTC1 so why still confused? Go ahead and sell your altcoins as the more days are passing, it will just make you more confused.

Since you managed to get your portfolio up to where it's now, I'm sure you can gain back your altcoins again after some endless trades and will now reach your 25% target more to reach BTC1.

In terms of trading "to" BTC, I don't really hesitate even those altcoins are valuable for one reason that there's no turning back if the other way around happened which is losing the value of those altcoins. Long-term-wise, nothing beats Bitcoin.

20kevin20

legendary

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Are you in for the long term? Do you care about USD or BTC profits?

Ask yourself questions and determine what the best choice is for you. If you're in for the long term, perhaps Bitcoin is the best option for you. But no matter if you care about USD or BTC profits, Bitcoin almost always provided the largest one over the long term.

However, we obviously have exceptions. Ethereum rose massively since last year, but the BTC value never reached an ATH. Had you invested in it though, you would've had today more money than if you had invested in Bitcoin.

I'd put my money into Bitcoin and keep it for the long term. For me, this was always the safest bet.

Obito

sr. member

Activity: 1274

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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.

NeuroticFish

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 PM

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.

pooya87

legendary

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 PM

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!

blackened515

sr. member

Activity: 1218

Merit: 279

Quote from: ?? on ??

ETH 30.23%

BTC 26.43%

XMR 10.39%

VET 9.60%

Other 23.35% (LINK, XRP, ADA, ALGO, ONE, HOT)

You made the right decision ever and this coin will give you high return in the future, beside, almost of these coins are pretty doing well right now in the market and still have good development strategy ongoing, you just have to feel relaxed and watch your portfolio growing, I will advise you to buy more of them when ever you have Fiat to accumulate the quantity

Distinctin

hero member

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No dream is too big and no dreamer is too small

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.

dunfida

legendary

Activity: 3122

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 PM

Let me know what you guys think.

What i think about the situation?

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.

Silberman

legendary

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Quote from: jilkspie2 on June 06, 2021, 04:41:58 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.

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.

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: ?? on ??

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.

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.

examplens

legendary

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Crypto Swap Exchange

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.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

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.

jilkspie2

newbie

Activity: 1

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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.

Topic: Sell My Portfolio for 75% of a Bitcoin? (Read 458 times)