tread93 (OP)
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June 08, 2020, 08:42:39 PM |
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I of course had to have some of my coins diversified. But more recently I've thought of converting all three of these cryptos I own into BTC & only holding Bitcoin. I do like ETH and think that the smart contracts are great and there is a lot to build on. XRP is completely hated by the crypto community, but even if they deemed it a security the asset would probably still increase in value. NEO is Chinese and could see huge upside if adopted in that region. But Bitcoin, oh man, Bitcoin is going to the freaking moon. I'm convinced. What do you guys think about these 3 cryptos ? Can't wait to see the feedback on this lol.
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bittraffic
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June 08, 2020, 09:04:13 PM |
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I would probably convert them all to BTC if you are not confident to the rest of the coins but obviously there are many of us supporting ETH when it comes to being an altcoin. Of course its one of the top in the smartcontract race. Some are also converting their investment to some smartcontracts though, its up to you. Leave XRP behind. not worth the wait. Look at how much it has been in 10 years.
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Flickkk
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June 08, 2020, 10:25:01 PM |
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I prefer staying at Ethereum and XRP , as far as i hold on Ethereum it is not affectex by the Pandemic thus it goes up. Its a win-win in staying for a longterm for Ethereum. I'll give a little shot to XRP since it is a widely known altcoin its not bad hoping for it to rewch in a 5$. It doesnt affect much the price if it was proportion in btc. Just like dogge coin.
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LbtalkL
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June 08, 2020, 10:30:07 PM |
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Bitcoin dominance now is 64.8% as of this moment, converting into BTC is not a bad decision, it is a wise decision. Bitcoin is the safest and most trusted cryptocurrency asset. But the other coins you have mentioned are decent too. But bitcoin is always leading the way. If I were you I will convert it to BTC if you are planning for long term HODL it is much better. If you still want those altcoins I guess as long as the BTC has more percentage in your asset it's fine.
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Kelvinid
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June 08, 2020, 10:38:08 PM |
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You are right with your decision. XRP and NEO don't have that kind of market potentiality and can't certainly depend on in the future. But talking about ETH, NO, I shouldn't have to give up for this but most likely I have to accumulate more while the price is still at a low. And ever since, I already been trusted this coin and so Bitcoin, so keeping them both for either in short -term and long-term holding will be guaranteed to gain rather than to lose.
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JeffBrad12
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June 08, 2020, 10:40:45 PM |
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XRP is bad crypto and NEO was even a better choice than XRP. I guess that should keep what you are holding right now or you can stick on NEO but i just suggest you never try to invest or put your money into the XRP as too much inflation that can prevent the pump or create the dump.
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Rengga Jati
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June 08, 2020, 10:47:44 PM |
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I of course had to have some of my coins diversified.
yes, that is true, better to diversify our funds in our portfolio better in order to get more chances. however, in this case, besides Bitcoin, I will exactly refer only Ethereum. Well yeah, I am not big holders or traders soi that only having small amounts as the initial fund. therefore, I prefer to choose ETH, more exact altcoin besides BTC. I don't want to debate that probably there are fans of XRP or even NEO. this is only my favorite coin, ETH and BTC are the cryptos that I hold mostly.
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bobyhodob
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June 08, 2020, 10:57:06 PM |
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XRP is bad crypto and NEO was even a better choice than XRP. I guess that should keep what you are holding right now or you can stick on NEO but i just suggest you never try to invest or put your money into the XRP as too much inflation that can prevent the pump or create the dump.
although XRP has a bad image in many people but I see XRP can have a very high trading volume and can get into the top 5 altcoins with the most trading volume based on the order of coinmarketcap, at least XRP also has very expensive prices so I still have some assets in XRP, whereas currently there is no NEO in my wallet.
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Harlot
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June 08, 2020, 11:05:02 PM |
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This is really not a bad choice as of the moment since we aren't experiencing any “altcoin season” during this time I think diversification is non-existent as of the moment and most of the crypto you mentioned is following the movement of the market leader which is Bitcoin. One thing to note in your situation is will it be worth it in terma of cost on selling your altcoins in exchange for BTC? If you don't worry about incurring a little fee and you are looking to manage lesser crypto in your portfolio I think it will be a good choice for you.
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coupable
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June 08, 2020, 11:46:21 PM |
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Ethereum: considered as a great tool for scammers to create new smart tokens in forms of contracts then promote them using a bounty campaign or a public airdrop to sell it for real money BTC . However, it is still considered as a promoted machine [EVM] and can provide solutions for many existing problems. Ether is a promised token but for a very long term. Ripple: Another shitty token called xrp created by banks to serve for banks. It is not fully decentralised and those who believe in it are those who still believe in banks. A good token to invest in but always for a short risky term. NEO: I can't tell that much about it but i think it's a solid tech that requires a lot of knowledge before anyone can judge it. For investment, hold it at your own risk.
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tread93 (OP)
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June 09, 2020, 01:04:56 AM |
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This is really not a bad choice as of the moment since we aren't experiencing any “altcoin season” during this time I think diversification is non-existent as of the moment and most of the crypto you mentioned is following the movement of the market leader which is Bitcoin. One thing to note in your situation is will it be worth it in terma of cost on selling your altcoins in exchange for BTC? If you don't worry about incurring a little fee and you are looking to manage lesser crypto in your portfolio I think it will be a good choice for you.
I think so too, the alts are following BTC very closely, you rarely see them not paired up nowadays. I think the fee would be minimal. Better to do it on Bittrex or Binance though? Which one has lower fees associated with crypto conversion. Also, this is unfortunately a taxable occurrence according to US regulations 🤦♂️ What was I thinking? 🤣 I should have stuck to my gut and stayed with Bitcoin all the way ⚖️.
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tread93 (OP)
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June 09, 2020, 01:23:33 AM |
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Bitcoin dominance now is 64.8% as of this moment, converting into BTC is not a bad decision, it is a wise decision. Bitcoin is the safest and most trusted cryptocurrency asset. But the other coins you have mentioned are decent too. But bitcoin is always leading the way. If I were you I will convert it to BTC if you are planning for long term HODL it is much better. If you still want those altcoins I guess as long as the BTC has more percentage in your asset it's fine.
Sound advice 🙏👊 this is something I contemplate almost daily. But I have yet to make my final decision. I appreciate your comment!
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tread93 (OP)
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June 09, 2020, 01:30:47 AM |
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Ethereum: considered as a great tool for scammers to create new smart tokens in forms of contracts then promote them using a bounty campaign or a public airdrop to sell it for real money BTC . However, it is still considered as a promoted machine [EVM] and can provide solutions for many existing problems. Ether is a promised token but for a very long term. Ripple: Another shitty token called xrp created by banks to serve for banks. It is not fully decentralised and those who believe in it are those who still believe in banks. A good token to invest in but always for a short risky term. NEO: I can't tell that much about it but i think it's a solid tech that requires a lot of knowledge before anyone can judge it. For investment, hold it at your own risk.
That is very interesting information on Ether, where did you learn this?! I’m interested, there is seriously so much to learn, never stop learning! Ripple has very extending financial relationships globally, although XRP is completely separate it is completely synonymous with the federal reserve to the USD. On NEO: They have a lot of other extensions to NEOs platform that are interesting projects, but I don’t know if their goals of being the largest smart contract token and “smart economy” token will come true. It’s hard to tell tho, China is growing exponentially, who is to say that they don’t adopt NEO smart contracts one they have matured to do a whole assortment of tasks that nobody has really thought of. Considering, it is the “Chinese Ethereum”
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MuhNofa
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June 09, 2020, 02:12:24 AM |
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in my personal opinion, it's better for you to stick to the ETH because I myself am more inclined to like one of these cyrptocurencies in pandemic situations like this I think ETH itself can still increase little by little and hopefully the price will return to the way it used to be slowly
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asriloni
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June 09, 2020, 02:19:08 AM |
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I may suggest you to exchange your ripple coin into the another coin. There was a bunch of good coin outta here that much better than XRP. It has multi billion coins that will be dumped by jed and foundation. YOu should avoid to hold ripple right now.
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qomariah95
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June 09, 2020, 02:19:51 AM |
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A good step is actually to change all the crypto you have to Bitcoin. So to be more focused in one thing, which is bitcoin. But that is only an option, if it still holds all three coins. actually not a problem, because ETH, XRP, NEO are the top coins too. so holding long term also still has potential.
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btc_angela
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June 09, 2020, 02:33:47 AM |
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Those are good coins to HODL, However, investors have this practice of shifting their portfolio to where it is profitable, so obviously, I would say that bitcoin still takes as the best asset to invest today. I also do love to diversify, but to really maximise your profit, I will honestly go to bitcoin only and wait till alt season starts. Or just left Ethereum, as it has a lot of hype regarding eth2.0 this July (as per their schedule).
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coinsycrip09
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June 09, 2020, 03:11:01 AM |
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almost everyone has one opinion, they will move their assets to btc. but for some things i prefer eth, one of which is eth price is cheaper than btc price. another reason is eth is able to follow btc, so if btc goes to moon, i'm sure eth will also follow it and eth is able to benefit us at a pretty cheap price.
so for me personally, i will continue to hold eth than others.
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nicecrypto
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June 09, 2020, 03:31:48 AM |
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Eth and neo is good choice but xrp am not so sure, there have been some rumors about xrp lately that are not very good to investors, some people claim the team are secretly dumping xrp, I also somewhere that xrp will dump to zero and live investors hanging, now this are mere rumors but you know what they say, in every rumors there is an element of truth. So do your due diligence.
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Strongkored
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June 09, 2020, 03:45:09 AM |
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Of the 3 Altcoins that OP mentioned 1 namely XRP did not get a good image from crypto fans because XRP centralization, but if I had to choose, ETH would be my favorite besides BTC. If I have another Altcoin I will think of selling and only holding BTC and ETH because I feel safer with these 2 coins.
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