mymycenter (OP)
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January 26, 2018, 09:52:16 AM |
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Just like stock, you can invest all your money for a coin code if you really trust. But that would be very dangerous. One can make sure that the coin will not fall down to 0 a day. The advice is to diversify your portfolio. That will help reduce the risk. You do not earn much but if not lost also much.
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SrEasts
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January 26, 2018, 10:03:27 AM |
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Yes this should be commom sense, diversifying the portfolio increases the chances of success and makes you not crack down if one of the coins fails miserably. I always advice my friends to invest like 50% of what they have on bitcoin or ethereum, 25% on couple top 20 coinmarketcap coins and then the last 25% on very cheap coins that have some chance on breaking out!
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serjent05
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January 26, 2018, 10:07:13 AM |
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I agree with OP, we should diversify when investing our Bitcoin. Putting it on one pot will only means 100% lose when the investment does not go well. But when diversifying (putting your investment in different venture) you should know one rule, diversify only when you can manage it. Meaning set a limit to the varieties of investment you will do. Since we need to be updated and fully aware of all the movement of these ventures to have a successful one.
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imyashir
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January 26, 2018, 10:10:57 AM |
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Just like stock, you can invest all your money for a coin code if you really trust. But that would be very dangerous. One can make sure that the coin will not fall down to 0 a day. The advice is to diversify your portfolio. That will help reduce the risk. You do not earn much but if not lost also much.
if we distribute bitcoin to another altcoin is good at top 20 rank in coinmarket for sure we are less risk. Especially the newbie what they are buying does not know the value of the coin they just make them hyper groups. So Controversial Remember that your bitcoin is very dangerous if you invest in a different coin. Investigate before invest.
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Dr_Nefario
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January 26, 2018, 10:12:54 AM Merited by viknoplast (1) |
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Need in parallel to develop and invest in offline business.
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talkbitcoin
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January 26, 2018, 10:12:54 AM |
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Just like stock, you can invest all your money for a coin code if you really trust. But that would be very dangerous. One can make sure that the coin will not fall down to 0 a day. The advice is to diversify your portfolio. That will help reduce the risk. You do not earn much but if not lost also much.
and just like stocks what you are suggesting here is this: "when you invest in stocks you should diversify into penny stocks too if you want to reduce the risk". do you see how it doesn't make any sense now? that is the issue with altcoins, they are more like penny stocks market than a real market. and then if you consider the level of manipulate and pump and dump that is happening in altcoins you can realize that when you "diversify your money" it is best that your cart contains: bitcoin, stocks, gold,... instead of being: bitcoin, altcoin1, altcoin2, ... altcoin10,....
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DannyHamiltom
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January 26, 2018, 10:17:14 AM |
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Yes, I quite agree with you. And I did what you said. I invest half of my assets in bitcoins. Half of it is invested in eth, and I think I have a great way of investing.
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spiker777
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January 26, 2018, 10:19:25 AM |
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The best thing to do is divide your capital into parts as follows; - 60% low volatility coins
- 30% medium volatility coins
- 10% high volatility coins
Low volatility coins such as BTC, LTC, ETH and XRP are roughly stable over longer periods, have lower potential for growth but are a safer investment. You can also put some money into more risky coins, in the hope that the growth outweighs the risk. Of course you should independently research each medium/high risk coin to see how much potential you/or the market believes it has.
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icanscript
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January 26, 2018, 10:22:47 AM |
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Yes, I totally agree with you. Diversification of assets is necessary. The crypto industry is growing at a high pace. There are many directions for investing. New projects, Mining, Altcoins, Crypto market services.
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A Feeder
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January 26, 2018, 10:32:27 AM |
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Just like stock, you can invest all your money for a coin code if you really trust. But that would be very dangerous. One can make sure that the coin will not fall down to 0 a day. The advice is to diversify your portfolio. That will help reduce the risk. You do not earn much but if not lost also much.
Well said. If I have my own money I will do it the way like you said. Relying on one coin is very dangerous because you do not have a backup plan. In every business it is very important that you look at all the possivle angles before making a decision.
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Michellekking
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January 26, 2018, 10:35:45 AM |
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I agree with you. That's what I did. I bought half of my assets in bitcoin and half in eth. I think my investment method is very wise.
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zolfa
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January 26, 2018, 10:40:35 AM |
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yes, I know that the crypto world has a huge risk, even hacked and makes you weak, so I will not invest all my money. especially if the bitcoin conditions like today, we should have investment online and offline. I think will be more dangerous, so I will secure my investment.
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norman472
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January 26, 2018, 11:11:44 AM |
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People say never put all your eggs in one basket , I will not invest all my money for a coin . I will divide my assets into some different crypto coins , let's say Bitcoin and Ethereum .
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tagaylo360
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January 26, 2018, 11:17:50 AM |
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Thanks for the advice. I also do not put all my investments on coins in one bucket. I know thise one guy who invested everything on Bitcoin though. Pretty risky move if you ask me. Moreover, I am trying to strengthen my portfolio and I believe it can be best achieved with having different kinds of coins.
So to all newbies out there: Best to invest in Altcoins as well and not just Bitcoins
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Englebabylove
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January 26, 2018, 11:21:28 AM |
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Yes, I think you're absolutely right. If you invest only one, you will lose everything if you fail. You can reduce risk if you diversify.
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pugi2
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January 26, 2018, 11:24:25 AM |
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Just like stock, you can invest all your money for a coin code if you really trust. But that would be very dangerous. One can make sure that the coin will not fall down to 0 a day. The advice is to diversify your portfolio. That will help reduce the risk. You do not earn much but if not lost also much.
All we do is depend our decision. I prefer to split my money into some different project to prevent high loss. Of course the profit that we get also smaller. But sometime the altcoin can hype till 100x and its big enough. Put all egg in one basket is very dangerous.
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sudhirratra68
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January 26, 2018, 11:27:08 AM |
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Yeah! You are right. It's harmful to put your eggs in one basket. The best way to invest in Digital currency is not to invest in single bitcoin but make your investment in various crypto coins. it will reduce your chance of loss. If the value of one coin is decreasing, the other coins may have a lift so as to prevent you from loss or maybe you can earn benefit from all your coins.
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jsmith85
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January 26, 2018, 11:28:39 AM |
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I think this common knowledge.. ''Don't put all your eggs in one basket''. The money you use to invest in bitcoin should not be the money you use for your basic needs. It should be what is left over or part of savings but not all of it. Anything can happen to bitcoin. Better safe than sorry.
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Aura
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January 26, 2018, 11:39:08 AM |
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I don't agree with you, Bitcoin has shown for years to be very reliable. Also altcoins tend to follow the price of Bitcoin but on a decrease seem to be decreasing more than Bitcoin itself. Besides that, what uses have other crypto currencies that Bitcoin hasn't?
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alyssa85
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January 26, 2018, 11:43:31 AM |
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if we distribute bitcoin to another altcoin is good at top 20 rank in coinmarket for sure we are less risk. Especially the newbie what they are buying does not know the value of the coin they just make them hyper groups. So Controversial Remember that your bitcoin is very dangerous if you invest in a different coin. Investigate before invest.
Diversification is good, but buying other alts is not diversification! A diversified portfolio is one that doesn't move in syncronisation (the idea is that you don't lose everything because everything moved down at the same time). Alts tend to move with bitcoin, so they arn't ideal for diversification. If you want to diversify, sell some coins and put money in land, or gold or bonds.
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