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Author Topic: Shall we go all in Bitcoin, start SIP, wait for another Dip or opt for Alt coins  (Read 170 times)
sourjain (OP)
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October 29, 2017, 05:57:01 PM
 #1

Shall we go all in Bitcoin, start SIP, wait for another Dip or opt for Alt coins.
And what do you suggest for those who are having downtime due to alt coins?
pitham1
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October 29, 2017, 06:00:36 PM
 #2

Shall we go all in Bitcoin, start SIP, wait for another Dip or opt for Alt coins.
And what do you suggest for those who are having downtime due to alt coins?

If you go all in and Bitcoin loses 90% of its value, what would be your strategy? Each person has a different risk taking level. For most people, putting small amounts (What they can afford to lose) will work best. If you have a gambling mindset, then you can try alts.

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October 29, 2017, 08:18:16 PM
 #3

If you have a gambling mindset, then you can try alts.
Let's not pretend that BTC's price is necessarily strong and stable.  It's always had very drastic fluctuations.  Even though that doesn't have to continue forever, it's very likely that this drastic increase will involve another drastic fall at some point.

wait for another Dip
I'm already into Bitcoin from before this whole bubble situation started, and I'm not going to be buying any more in the near future.  I'd rather buy in a full-on bear market after it's been going down for at least a few months, rather than just buying in as soon as it drops a tiny bit.

Especially since I'm already holding BTC and it's a pretty risky asset in the first place, I'd rather not gather any more in an even riskier time.

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November 13, 2017, 09:52:06 AM
 #4

it's very likely that this drastic increase will involve another drastic fall at some point.
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