I have a mess of LISK that (after ICO more purchases) duh, I'd need $1.91 LISK to get out what I have in LISK.
The joys of 20/20 hindsight...always so clear. meh!
I have a significant amount of Siacoin I mined, before selling my Obelisk SC1 miners for what I had into them (whew!)
kinda was waiting for the 1 year to pass on HODL'ing them so only 20% cap gains thingy in the USA.
Not sure how wise this is, but got what I needed out of the equipment that any of this is extra, after the electric, till I sold the Obelisk SC1's.
Was told by my nice CPA lady in the USA to now even THINK about touching/looking or otherwise acknowledging the 'bastard children'
Bitcoin/Litecoin or other forks. At least until the IRS comes out this year on its 'supposed' guidelines. So that is out.
Have a mess of 'dead coin' Fujicoin (FJC) I mined for some profit, before the FJC went deader than dead, on the KNC Titans.
My last mining of any kind was shut off on 2/14/19 or exactly 6 months ago from today, as long as I've just realized this.
I also fell (hopefully not the victim) to the Litecoin Halving and bought a mess at around $85 price and some change averaged out.
Unsure how what is all gonna work out. But hey, no loss on paper yet.
So anyway, that is my situation. Hopefully, all altcoins will not go full beanie baby and worthless, but as a percentage of my Bitcoin
holdings, I feel it is worth the risk just to hold. Probably the wrong choice.
But then again, this is how crypto works. It is always 'binary' either win/lose on whatever choice. Never any gray areas worth crypto.
I was either the right choice or the wrong move, on whatever actions.
Seems to be how it rolls.
Anyway, my view on HODL'ing multiple coins is, if it is not significant to your Bitcoin HODL'ings, I'd say it is worth the risk.
Then again, we could further this discussion even further and debate the HODL strategy of Bitcoin itself. Also, a win/lose binary situation.
Crypto: Always Drama!
anyway, my approach, be modest on altcoins and keep your expectations low.
If you want to be full out crypto stupid, then your best 'bet' is Bitcoin IMHO.
by the by, the above is transparent because the SEC and the IRS are already fully aware of me, thus no biggie to be detailed on above.
(2013 banker called SEC for investigation, just because I used $$$ to Buy Bitcoin Equipment in 2013, ah the good old days, when I was a desperado,
the SEC guy was like, on the phone, "why am I here", in that I had fully complied with the 2014 IRS Guidelines showing them my nice CPA made 2014 tax returns.
Needless, to say, I changed banks on the realization that I needed a 'commercial bank' vs a regular bank, for these purposes. Told the new bank about this when I
got an account, they were in hysterics about the other bank competitor and could give a frack all these years I have checks labeled with my name and BTC under my name.
To keep track of my checking use for the business etc. I have trained them the new bank well since 2013!
Anyway, I'm already tag'd and snag'd so I can say what the hell I want on my holdings here on Bitcointalk.
So chump or champ, you guys can tell me how badly I mucked up on HODL'ing the above altcoins someday in the far future!
later
Brad
