I'm now all in BTC. All eggs in one basket!

[dzonikg28]

The right decision certainly hold bitcoin in the long term, even that can be said to be a very long way. We here know that bitcoin has an increasing popularity in the investment things, even more people are now more familiar with Bitcoin. For me personally, I set aside for the long term and some in the short term, I use the short term for if there is a need in my life that cannot be denied.

Holding long-term in crypto means something different usually than holding long-term in the typical stock market. Still, holding onto something for 6 or 7 or 8 years is tough to do and when it is a market with extreme volatility and high uncertainty, it is even harder. When you hold stocks of a business, you can follow certain measures and adjust your portfolio. If you take a car company you can see their output, compare it to others, you know what the trends are and so on. There also won't be a law in one year from now that cars are forbidden in the future. Bitcoin is completely different and it requires a lot of critical thought to frequently conduct proper due diligence on your investment. Much more in my opinion that in the traditional stock market. Bitcoin turned out to be a great investment so far and it might keep doing so in the future, but staying up to date can be cumbersome.

[Kasabus]

The right decision certainly hold bitcoin in the long term, even that can be said to be a very long way. We here know that bitcoin has an increasing popularity in the investment things, even more people are now more familiar with Bitcoin. For me personally, I set aside for the long term and some in the short term, I use the short term for if there is a need in my life that cannot be denied.

Short-term trading could give good profit as well, the only requirement is you need to have good capital and you should be consistent in trading, we have the opportunity to make more money here since the market is so volatile, too risky but the reward is very satisfying.

For long-term investment, it's good for retirement, but you should also have a job or business to sustain your needs in order not to touch your long term investment.

[ayaanajones_crypto]

I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.

I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.

I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.

What's your plan?

In my opinion, putting all eggs in one basket is not advised.

Bitcoin yields higher returns. It's a good thing that you haven't sold any since 2013.

But there are other cryptos that are as potential and powerful as Bitcoin. You may consider investing in them too.

Many innovative project are boosting in the crypto and blockchain space and they seem promising to offer better profits.

That's it.

[Xinarae*]

Bitcoin is a very good currency for investing but I think if you have a lot of capital, you can invest in bitcoin as well as hold ethereum. The value of both currencies is much better in the crypto market for longterm retention then you can make a profit from both sides in addition with the rise in the price of bitcoin many new altcoins are being added to the market and you can earn something in the short term by trading every day. By doing this you will be able to achieve profit in all aspects.

[Hendra gunawan]

Bitcoin is a very good currency for investing but I think if you have a lot of capital, you can invest in bitcoin as well as hold ethereum. The value of both currencies is much better in the crypto market for longterm retention then you can make a profit from both sides in addition with the rise in the price of bitcoin many new altcoins are being added to the market and you can earn something in the short term by trading every day. By doing this you will be able to achieve profit in all aspects.

Bitcoin is the number one currency in crypto. So don't hesitate to spend your all to buy bitcoins. Maybe some people still think that buying bitcoin is now too late because the price is too expensive. I think it's wrong, the proof is that bitcoin prices can go up and continue to reach new ATH.

[harapan]

You will probably be called crazy by most people for doing this, honestly it's very rare to see anyone that is in to cryptocurrency buy and hold just one coin out of the thousands of altcoins scattered around the market, all eggs in one basket is a bit risky, but since it's bitcoin and not those shitcoins out there then you should do just fine, I'm expecting another bull run real soon, we need to get bitcoin to $100k before the year ends.

[ninabobo]

All eggs in one basket is not the best plan in my humble opinion. For example, bitcoin falls by several percentage points when I write this post, and etherium turnover shows an increase of 0.5% If you have coins from at least the TOP-5 in any shares, it will insure you against the fall of any individual of them. Whereas if you only have one thing - the risk will increase, although the potential profit will also. The question is, do you need this risk or not?

You got that right putting all eggs in one basket isn't the best option, in a bull season I have seen some altcoin rise higher than others, this is more reason we should diversify our portfolio, holding only bitcoin might not fetch us the profit we want, yes we all know the crypto market is all about risk and reward, take the risk and win big, some people choose bitcoin because it's less risky due to it's volatility is much more lesser than that of altcoins.

[Kayum10029]

Investing all dollars in Bitcoin is nothing but a kind of nonsense. I have invested all my cryptocurrencies in a few steps. However, I have invested the most bitcoin. I have invested the remaining 25% etherium and I have invested the rest by selecting other points.

[freedomgo]

Investing all dollars in Bitcoin is nothing but a kind of nonsense. I have invested all my cryptocurrencies in a few steps. However, I have invested the most bitcoin. I have invested the remaining 25% etherium and I have invested the rest by selecting other points.

That's nonsense for me as we investors have different investing strategy and we do what we think will work for us. If you invested all your money on BTC in the early days, you would not have to work now as the funds have significantly grown which would give you an early retirement. Maybe diversification of investment would minimize the risk, but overall crypto is still a high risk.