for the first time ever, i'm hedging part of my long term position with altcoins

[Red-Apple]

It's funny how Dash and Etherium were hot a few days ago and now it's Ripple. I wonder how high Ripple could go and will it drop back at some point.

without realizing it yourself you have actually answered yourself!
the same way Dash and Etheerum has been hot a few days, Ripple will be hot a few days then XYZ coin will be hot a few days and so on.
just take a look at the history of all these altcoins and you can see their future from the charts!

and the funny thing is that they always get replaced by a duplicate coin very similar to them and again the same story of pumps and people saying this time it will last will continue.

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[Rahar02]

I wrote a post 2 weeks 'why i'm not selling my coins'.

At the time, it appeared that BU was gaining serious momentum, but
now we appear to be deadlocked again.  I'm not going to get too political
about this, but to make a long story short, stalement = blockstream/core
getting its way = little to zero on chain scaling in the forseeable future.

And what appears to be happening is that Bitcoin is being subverted,
not just by Blockstream but by outside actors who are employing a
sophisticated divide and conquer scheme.

Notice how neither segwit or BU can win the mining war... and that
is exactly what 'they' want.

I hope Bitcoin prevails but I am no longer comfortable keeping all my
eggs in one basket.

Honestly I feel the same way.

A lot of others are also hedging against a potential bitcoin collapse altogether by protecting their wealth and buying into altcoins such as Ethereum, Dash, and Ripple. Even though am I a strong believer of bitcoin, just like OP, i cannot help but try to be the safest with my funds.

I'll be diversifying probably 30% of all my bitcoins into altcoins.

I hope bitcoin can sort itself out this time round, and end this debate altogether. I don't care which side wins, honestly. As long as we have a working payment processor without the debates.

Not bad at all as long as you divide into some parts instead of keeping all of yours in altcoin.
We know some alts has genuine idea and bigger potential to grow and rise than others as time goes on.
However, bitcoin still doing so good all this time. Look at the charts of bitcoin (price or unconfirmed transaction), it's getting better even though the debate about development shows no sign that would be ending soon.

[pooya87]

ok now lets see how all your eggs have been doing so far:
start from 2017-03-29 (topic creation time) up to today 2017-4-12
Bitcoin $1023 ---> $1230 ---> +20%

Ether 0.059BTC --> 0.035BTC --> -40%
Dash 0.084BTC --> 0.049BTC --> -41%
Litecoin 0.004BTC --> 0.0077BTC --> +92% lol, should check back in a month since LTC pumped after all the others



thank you @Torque for this GIF

[hase0278]

ok now lets see how all your eggs have been doing so far:
start from 2017-03-29 (topic creation time) up to today 2017-4-12
Bitcoin $1023 ---> $1230 ---> +20%

Ether 0.059BTC --> 0.035BTC --> -40%
Dash 0.084BTC --> 0.049BTC --> -41%
Litecoin 0.004BTC --> 0.0077BTC --> +92% lol, should check back in a month since LTC pumped after all the others



thank you @Torque for this GIF

If he invested big time on litecoin im sure he is enjoying his profits now and if he sold ether and dash when it was at high he might be happy with it but if not im sure he's not that sad because he still got profit on litecoin recovering his loss on the other two unless he invested bigger money on ether and dash. Its nice to see though that bitcoin is on the green right now I really do hope it won't dump soon.

[talkbitcoin]

ok now lets see how all your eggs have been doing so far:
start from 2017-03-29 (topic creation time) up to today 2017-4-12
Bitcoin $1023 ---> $1230 ---> +20%

Ether 0.059BTC --> 0.035BTC --> -40%
Dash 0.084BTC --> 0.049BTC --> -41%
Litecoin 0.004BTC --> 0.0077BTC --> +92% lol, should check back in a month since LTC pumped after all the others



thank you @Torque for this GIF

If he invested big time on litecoin im sure he is enjoying his profits now and if he sold ether and dash when it was at high he might be happy with it but if not im sure he's not that sad because he still got profit on litecoin recovering his loss on the other two unless he invested bigger money on ether and dash. Its nice to see though that bitcoin is on the green right now I really do hope it won't dump soon.

right now litecoin has the hype for the SegWit going on for itself so it is an ongoing rise. and with the new pools starting to signal SegWit on litecoin it seems like we are closing in on the threshold of activation (only 1% more remaining last time i checked). and this alone will keep the price up and rising.

but in the long run it is still in a bubble and will come down. last time a nice rise happened, Chinese went crazy and dumped a massive load on the market that crashed the price down to previous levels in a couple of hours.

[jonald_fyookball]

I took profits on litecoin.  I think all this hype for segwit will burst.

Segwit isn't all that special and won't make litecoin special.

[Torque]

I took profits on litecoin.  I think all this hype for segwit will burst.

Segwit isn't all that special and won't make litecoin special.

Riiight, sure ya did.    You divested in those other shitcoins along with the rest of the n00bs.

(And btw, I agree with ya about litecoin. If it wasn't anything special then, it surely won't be with SW either.)

For the world to adopt cryptocurrency at all as a truly-integrated payment system, it's Bitcoin or bust, man.

[jonald_fyookball]

I took profits on litecoin.  I think all this hype for segwit will burst.

Segwit isn't all that special and won't make litecoin special.

Riiight, sure ya did.    You divested in those other shitcoins along with the rest of the n00bs.
 

...not sure what u mean

[Slark]

Litecoin 0.004BTC --> 0.0077BTC --> +92% lol, should check back in a month since LTC pumped after all the others

For short time SegWit for Litecoin was blocked the same way it is or Bitcoin. Chinese LTC mining pools increased hash power just to block SegWit.
What is interesting right now it appears that there is 78% support for SegWit: http://litecoinblockhalf.com/segwit.php

Activation will follow and we shall see if that upgrade will be that completely insignificant as some speculators say.

[pooya87]

Litecoin 0.004BTC --> 0.0077BTC --> +92% lol, should check back in a month since LTC pumped after all the others

For short time SegWit for Litecoin was blocked the same way it is or Bitcoin. Chinese LTC mining pools increased hash power just to block SegWit.
What is interesting right now it appears that there is 78% support for SegWit: http://litecoinblockhalf.com/segwit.php

Activation will follow and we shall see if that upgrade will be that completely insignificant as some speculators say.

i don't exactly know what you mean by the bold part!
litecoin price went up, many brought out their old equipments to mine it, many switched their hashpower from other altcoins to litecoin (as miners always do with price changes). so hashpower (hashrate?) went up. there is nothing new here, hashpower changes like this all the time, with pumps it goes up and with dumps as miners switch to a more profitable coin it goes back down.

here is a summary of what has been happening with LTC:

• Litecoin gets pumped after ETH and Dash and couple of other small coins get dumped. > price up
• F2pool startes signalling SegWit.
• support for SegWit on LTC went to 69-70%. > then price went higher.
• then F2Pool said we may reconsider SegWit. > price tanked.
• then F2Pool said we are happy about SegWit. > price went up again. (LOL).
• pump power is diminishing > price coming down slowly
• meanwhile BW.Com said we never got the memo about SegWit so Charlie Lee sent them the open letter from a long time ago. in a couple of days BW.com also started signalling SegWit and percentage went up to 78% (66% for activation period). > price went up again
• future: up and down until it activates, possibly a big dump then another pump and eventually (like all the other altcoins) back to normal low price levels!

[hello_good_sir]

I would say keep around 75% of your coins in bitocin and then 25% in altcoins.

The 25% of the altcoins should be diversified as well, it shouldn't be just Ethereum, Ripple, or Litecoin.

The problem with having only bitcoin is that you have put all your investments in one basket. You can't count on bitcoin to always perform like it did a month ago. You're still taking risks, and you can reduce your risks of losing by hedging against bitcoin with altcoins.

But the majority of the portfolio should still be bitcoin.

[BrewMaster]

I would say keep around 75% of your coins in bitocin and then 25% in altcoins.

The 25% of the altcoins should be diversified as well, it shouldn't be just Ethereum, Ripple, or Litecoin.

The problem with having only bitcoin is that you have put all your investments in one basket. You can't count on bitcoin to always perform like it did a month ago. You're still taking risks, and you can reduce your risks of losing by hedging against bitcoin with altcoins.

But the majority of the portfolio should still be bitcoin.

having your eggs in a basket that doesn't break your eggs is better than putting a couple of them on hot air balloons that are going to burst at any moment.
you say 25% i say either don't or if you do, remember to enter only at the bottom and dump the altcoins as soon as they rise. the dumps are as real as the pumps.