Diversifying?

[BluRPie]

Just fix some investment - change to fiat as much as you need for life. All other money should be in bitcoin:) May be it will be a good decision to change some bitcoins to portfolio of alternative crypto, but not much 10% or 15%

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[KourtneyK]

Yes actually diversifying some new coins or potential coins aside from bitcoin is actually a great idea to spread out your earnings. There are a lot of potential coins which still are undervalued and are rumored to double up in a couple of months or years so you can actually invest on some of those too.

[BITSPANISH]

Just fix some investment - change to fiat as much as you need for life. All other money should be in bitcoin:) May be it will be a good decision to change some bitcoins to portfolio of alternative crypto, but not much 10% or 15%

10% or 15% is highest profit if you saving money in bank lol . Actually earning profit 1% everday still helps us get rich, after 100 day we will x2 our capital and can withdraw this profit for enjoy.

[naidray]

Diversification is smart. I'd go with

30% BTC
30% ETH
20% BCH
10% LTC
and 10% for some smaller alt coin projects that interest you

Well pretty nice choice, your percentage sequence is very impressive because you have high percentage of bitcoin and bitcoin is expensive than all other altcoins, and ETH also is expensive so you also have good amount of it.

I hope your diversification works properly and you get maximum profit, can you please tell me all this percentage you have is due to any strategy or they are just random collection ?

[krisnt80]

Even knowing bitcoin potencial i wouldnt never take the risk with one single coin, bitcoin has raised a lot this year, and maybe can reach the magic 5000 dollars but i would split my money over some others altcoins wich has potencial to grow, and maybe get better result then bitcoin, since they are cheaper.

[Gozie51]

Diversifying is nice be you don't put your eggs in one basket.
And, leaving the cryto market would help incase of any future collapse. Nothing is constant.

[LeGaulois]

Remember that you do not manage an investment fund. You do not have hundreds of millions to place and thousands of investors to satisfy. The laws of diversification to ultimately keep your customers and satisfy them with a performance equivalent to that of the market is not for you. Your portfolio, because more reduced, must be more active and therefore turn on a lot less titles. Don't complexify your wallet to have more than 20 cryptos/assets, you'll end up becoming passive and your performance will be "damaged".

[error08]

Diversification is smart. I'd go with

30% BTC
30% ETH
20% BCH
10% LTC
and 10% for some smaller alt coin projects that interest you

Well pretty nice choice, your percentage sequence is very impressive because you have high percentage of bitcoin and bitcoin is expensive than all other altcoins, and ETH also is expensive so you also have good amount of it.

I hope your diversification works properly and you get maximum profit, can you please tell me all this percentage you have is due to any strategy or they are just random collection ?

Bitcoin has the biggest potential even though it is expensive, eth may has good potential as well due to many people/companies are using ethereum blockchain to develop their projects. But I am not sure about bch, I guess 15% is enough. But, Op want to diversify his bitcoin savings into several investments outside the cryptocurrencies, and build a business is a great way to create another source of income.

[Aratatat]

It is good to diversify. Maybe try some traditional investments like stocks or bonds, not just altcoins. Boring, I know. Or just buy yourself something nice. I don't think altcoins will remain safe if Bitcoin crashes. But always remember to keep some Bitcoin for the future

[FJNuñez]

It is important to diversify, always of course! Do not put all your eggs into Bitcoin. That would be a bad idea, even though I believe in Bitcoin wholeheartedly it simply isn't smart.

[Oo ako to]

Yeah I think you should. If I were you I will go 50/50. I know bitcoin is going to pump more next year so I'll convert 50% of them into fiat so at least I can buy something for myself or like a reward for the profits I got on bitcoin.

[Vannie12]

Diversifying is very relevant nowadays. Prices were very remarkable reaching and breaking records this year. Eventually it is better to diversify for stability.
It will also be a preparation as a future investment. As soon as bitcoin will reach an amount that any investors will hesitate to invest. Surely there will be an alt going to pump up high too. Make sure you invested in the right alts.

[trobin]

I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.

It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?

I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year.

It's a decision only you can make, for me if i could afford a flat or such I would do so because that's something I'll then have forever, it is a very safe asset unlike cryptocurrencies. Of course the flip side is you could wait a few more months and then maybe buy 2 flats so in that sense it is really a tough decision. A lot also depends on your career prospects etc, if you will have a good job with a secure income then it won't hurt you so much to lose that bitcoin money but if you don't then it could be the most money you ever have.

[julzcoinbit]

Yeah I think you should. If I were you I will go 50/50. I know bitcoin is going to pump more next year so I'll convert 50% of them into fiat so at least I can buy something for myself or like a reward for the profits I got on bitcoin.

We have different prerogative which will relying on our experienced and to explore what we want to achieved. Diversifying is a way of different investment and the fact which may lead as a profitable income. Converting to fiats some of your bitcoin may gives satisfactory of your needs having a different business as investment which also gives profit. Bitcoin's performance this years, is remarkable and profitable performance and still its value is increasing. Also, having different altcoins will also increased as long as you've always monitor its value for trading purposes.

[Bolt Brownie]

That's perfectly normal, and although I think holding bitcoin is important, because we are still in the beginning. Lets nor forget that a store of value is meant to be used in some occasions, and buying a flat is a perfect motive to withdraw some bitcoins and do just that. I think that you should try to replace your bitcoins as soon as possible, so you don't lose to much value in case they keep rising. But buying a house is a good investment since it can also gain value over time, and then you can sell it later or rent it. Plus having a house is also a necessity for life.

[audrey12]

I would suggestion do some diversification though I am also a believer of bitcoin I still believe you should not put everything you have in one investment even if has a higher chance of success, you can try exploring some other thing outside cryptos, you can actually start your own business by using some of your earnings in bitcoin because no one can tell what's gonna happen next so better be safe than regret in the future 

[HasHe]

I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.

It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?

I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year

Diversifying for the sake of diversifying is pretty meaningless

You should know the asset which you are going to park your money in. The only asset which is and will always be there and which you don't need to know any gory details of is gold. I refer to physical gold as gold bars and gold coins. So if you can't resist the urge, gold is a sure bet. It won't give you decent profits, and, in fact, it will likely give you no profits at all (at least, short to mid term), but you will never have to feel the pain of your wealth losing value

Its true that you should not diversify just for the reason that diversifying is good.By investing your money in gold,you would feel the difference like as it would be between a mountain and a mud.The reason is that gold would give you very low returns when compared to bitcoin and i think that you will not feel comfortable with it and you would feel that you had probably made your investment idle.

[waynechong1995]

Hoped that you stayed strong along the ride and had made good decision with your fat stack of bitcoins, diversifying is always a old school method to keep your funds stable with market movements, going into big chips like Ethereum, Monero, Dash certainly wouldn't got wrong over the years, supposing your style of holding had paid your efforts, it's good to invest more, learning more from other altcoins/projects to make good market decisions on trading, holding is fun and exciting for me.

[ActiveMars]

Hoped that you stayed strong along the ride and had made good decision with your fat stack of bitcoins, diversifying is always a old school method to keep your funds stable with market movements, going into big chips like Ethereum, Monero, Dash certainly wouldn't got wrong over the years, supposing your style of holding had paid your efforts, it's good to invest more, learning more from other altcoins/projects to make good market decisions on trading, holding is fun and exciting for me.

The old school method isn't the worst decision. OP could sold some coins and fix the profit (buy house, flat, car), part of worth leave in bitcoin and other invest in ICO or business. You can never be sure that your income source will be the same profitable in next moment.

[BartS]

I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.

It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?

I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year.

It depends on what you want to do, if you want to keep investing and you think bitcoin is overvalued then now is the time to buy some solid alts, that way when the price goes down you are not going to be so affected, now if what you want is to get out this time seems like the perfect time to do so since the price of bitcoin is very high, but do not worry too much you are one of the few that has a nice problem to have.