Why I'm selling all my alt coins and putting everything into Golos

[PadenoM]

it is not so wise to put all your eggs in one basket, good luck

[1714793202]

1714793202

[1714793202]

1714793202

[TGJJ]

I guess you've heard the news about Russian launching its own crypto currency?

https://pakwired.com/russia-to-launch-its-own-cryptocurrency-the-cryptoruble/

Personally I think the crypto ruble is a bunch of BS, its just the government pretending they are doing new things to track taxes and money.

HOWEVER! Look at it from the public relations side for Golos. If the Russian government is talking about launching their own crypto, Golos is going to get FAR more media coverage in the Russian media! And that is only going to be good for the Golos price.

[andrei56]

I agree with the other answers - its very risky putting all your money in one coin? A crazy Strategy. Either you are just trying to hype this up and pump it or you really do believe in it , either way, spread your risk.

I learned this sentence from this forum of not putting all your eggs in one basket and now I have learnt what it actually meant. This is really important in investing or trading any coin. Before getting into field you must have to learn the whole and sole of that coin whether that is suitable for you or not. Once decided, be confident, but don’t just trust that blindly.

Sure, like this ''idiot'' that put his live savings into Bitcoin when it was $9 http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

Some people are lucky idiots  

You are lucky if you buy a lottery ticket and win the lottery, but if you have specific and clear reasons to invest in a project you were not lucky you were a very good investor, I’m sure that when my investment skyrockets my friends will probably think the same but that is nothing but a self defense mechanism to protect themselves of their own failures.

my thoughts exactly  

I know that I may sound harsh to some, but it is the truth, my friends are very risk adverse and they prefer to play it safe but I have told them that the only way to make something out of you is by taking risks, I know that I can lose money by investing in crypto but I’m fine with that as long as I have the chance of making money as well.

[tfbiii]

Diversify, diversify, diversify!

[Calangaman]

Feeling sorry for the OP.

Golos belong to one of the hundred tokens that reflect a business model with a dubious future.

When I read the comments, I realize that many people don't distinguish coins from tokens.

Bitcoin acts as a store of value. It gains traction as many people read about it in the press now.
Mona can become the Japanese Bitcoin. It gains value too.
Vert coin is an answer to a centralized Bitcoin and has the best tech specs around. That's why it gains value.

Most tokens are based on business models that are yet to prove valuable.
Be careful when you go for alts, especially tokens.

[pedrog]

So, OP did you sold on a double or did you hold till now?

It was a good call, just not for long term.

[Little_boo]

https://bittrex.zendesk.com/hc/en-us/articles/360033324291-GOLOS-and-GBG-Wallet-Removal-on-Oct-11-2019

[Bisbee]

On June 17, 2017, when this theme was created, the GOLOS coin cost $0.1161 (0.00004652 BTC) and now, after 2 years, this coin costs $0.006 (0.0000006 BTC). This example shows us that we don’t need to invest all our money in one single coin, if this coin is not Bitcoin.

[pedrog]

On June 17, 2017, when this theme was created, the GOLOS coin cost $0.1161 (0.00004652 BTC) and now, after 2 years, this coin costs $0.006 (0.0000006 BTC). This example shows us that we don’t need to invest all our money in one single coin, if this coin is not Bitcoin.

Yes, it may have been a very expensive lesson to OP, hope he've learned it.