Hi

[jonval21]

I would put everything in BTC, I would have no doubt about it, the alts are a good decision, they can give quick profits but in the long term Bitcoin is more reliable, it does not matter if it falls in price, rises over time, do not despair You just have to know how to wait and if you wait that long it is enough for you to see extreme greatness.

[4thewin]

Wow thank you for all of the advice so far, I welcome it.

Having posted in the alt-coin forum here (I'm still pretty convinced that ETH at least will be around for a long time and is very safe for a cryptocurrency), I am getting mixed signals.
The alt-coin forum seems to think that bitcoin will not be the only winner, even long-term. There does not have to be one currency to rule them all, just like in the real fiat world.  Yes, the dollar is pretty dominant, but there are many others.

I wonder if this striking difference of opinion reflects personal experience or personalities (risk adverse people flock to the bitcoin forums, risk-tolerant types hang in the alt-coin forums)

[LoyceV]

I'm still pretty convinced that ETH at least will be around for a long time and is very safe for a cryptocurrency

Ethereum has dropped more than 90% too in the past. I wouldn't call that "safe"

I wonder if this striking difference of opinion reflects personal experience or personalities (risk adverse people flock to the bitcoin forums, risk-tolerant types hang in the alt-coin forums)

Don't forget that everyone has "an agenda": when a banker tells you Bitcoin is a worthless scam, they have an agenda. When they tell you Bitcoin can go up to $400k, they have an agenda. Crypto is much easier to manipulate than stocks.

[DraGonD]

Crypto is not about easy money at all. Only enter that amount that you dont afraid to loose and never trade loans money

[BrewMaster]

Having posted in the alt-coin forum here (I'm still pretty convinced that ETH at least will be around for a long time and is very safe for a cryptocurrency), I am getting mixed signals.

usually people say things they have heavily invested in are the "best". there were even people here who pationotely argued that gold is the "best" and bitcoin will never reach parity.

what you need to do is to study each option yourself. for example try downloading and running an ethereum node (not its simplified light wallets but the full node as you would in any supposedly decentralized cryptocurrency). try sending and receiving some coins.
check the economy of that coin (inflation, supply, premine, bugs, roll backs, scams,...).
you can also use bitcoin as the reference. for example compare bitcoin supply with ethereum supply. bitcoin cap with ETH cap (or lack of cap) and so on. then decide if it is a good long term investment or not...

[iTradeChips]

Ask the old timers in Bitcoin and they just might have the good answer for you - Trust the system. They have trusted Bitcoin when it was still cents to a piece. They have trusted it and waited for 11 years to see it succeed. So I think do what everybody else here do with their Bitcoins, just keep on holding them until you feel that the price is worth for you to get a profit from. Some are technical, like you, but most are everyday joes who trusted the system and somehow got some neat profits.

[ice18]

4. If I want to pursue some alt coins, and again, I have a high risk profile, what % mix would you recommend?  33% alt-coins and 66% bitcoin, or 50-50, etc? 

Thank you!!

If I were you I will go all in for alts you have a huge amount of funds holding and altseason is already here I cant suggest to buy btc if you want to earn fast alts can give you 20x - 100x of your current funds investing in a real projects I saw recent alts from IDO that gives 100x in a $300 investment in past few days. 

[seoincorporation]

That's a nice amount to invest, but i feel you are making a mistake by making from the time the goal, you should chase a certain amount of profit to cash out. If you buy at $60k then you could wait until it hit $70k and then sell.

It's a big mistake to chase an x2 or something big because in the way bitcoin will go up and down multiple times, and you can win a small profit in each of those moves. So, play the short for small profit but win multiple times.

[Yogee]

I was curious about your interest in altsignals https://bitcointalk.org/index.php?topic=5329926.0 so I checked your other posts and now I'm here.

I'm still pretty convinced that ETH at least will be around for a long time and is very safe for a cryptocurrency

Ethereum has dropped more than 90% too in the past. I wouldn't call that "safe"

I would also like to add that Ethereum's future depends on the success of Ethereum 2.0 and probably EIP 1559.

I think the rise to over $2000 was also due to the fact that people are buying more ETH to pay high gas so they can join the DeFi and NFT insanity.

The alt-coin forum seems to think that bitcoin will not be the only winner, even long-term.

The reason should be obvious.

[bobyhodob]

I recommend rarely all investments in Bitcoin you can start with 40% altcoin 40% bitcoin and the remaining 20% for day trading to fill your spare time in your retirement

[Raflesia]

That's a nice amount to invest, but i feel you are making a mistake by making from the time the goal, you should chase a certain amount of profit to cash out. If you buy at $60k then you could wait until it hit $70k and then sell.

It's a big mistake to chase an x2 or something big because in the way bitcoin will go up and down multiple times, and you can win a small profit in each of those moves. So, play the short for small profit but win multiple times.

If we wait for the price to be higher, even 2x for me, it is very difficult and can be categorized as holding the long term will be better because they want to gain many times the invested capital.
There is no need to wait long when there is a movement, the short term is better and this will happen many times and it's true that bitcoin is now fluctuating with a brief correction and then recovering, now with that moment it can be utilized well, even we can play in the short term with this it will be quite what you imagine.
We also don't know when bitcoin will hit the ATH $ 70k unless we wait for it to be difficult. We don't even know what the truth is, so going short is much better for now.

[KryptoKings]

Hi there,

First, a little about me.  I am a first-time investor to crypto.  However, I have had a few stocks (Roth IRA stuff) and tech stocks and overall have made the average 8% return over about 8 years.  I now have 150,000 to scrape together.

Principles:  I have a high risk profile.  I am patient up to 10 years.  I could buy and hold.  I do believe this 2021 is a once in a lifetime year.  The gains next cycle will be much less in 4 years.
I do believe that earlier is always better.  Did I say I have a high risk profile?

I have a few specific questions and I know it's just your opinions.

1.  Starting today on April 10, 2021 if I invested 150k in bitcoin, how much do the gurus expect me to have in 1, 2, 5, and 10 years?  Like would any idiot who just invested today and didn't sell expect a 5x increase within the next 10 years?
2.  I would use dollar cost averaging, but over what time horizon?  Invest 150k over the next six months?  Or just invest it all today since we all know it's going up?
3.  I could withdraw the old retirement fund and get the initial investment up to 300k.  Would you go all in using that?  I would not have much of a backup plan for retirement if this is the case, but like I said I have a high risk profile.  I do believe this is once in a lifetime.
4. If I want to pursue some alt coins, and again, I have a high risk profile, what % mix would you recommend?  33% alt-coins and 66% bitcoin, or 50-50, etc? 


Thank you!!

Investing in Bitcoin is the best thing that you would do with you money.
Although crypto is highly volatile, but it is expected to give you more than 10x returns in 10 years

Do not invest all your money in one go, I would suggest you to buy 10% now and 10% next month. If price fall during this period, you can buy more.
Yes 33% alt and rest on BTC os good strategy.
Go for eth, ksm, trx, dot in Alt.

[amishmanish]

--quote--
I wonder if this striking difference of opinion reflects personal experience or personalities (risk adverse people flock to the bitcoin forums, risk-tolerant types hang in the alt-coin forums)

The forum doesn't have an awful lot of maximalists now. In fact, if you go through the older posts on the forum, you'll see that the maximalist breed wasn't really part of the evolution. Maximalists you see on crypto-twitter are mostly reactionaries to the blocksize-wars. In certain cases, they even have outright corporate affiliations; like Samson from Blockstream. Experiments in Alt-coins have been going on for a long time and nobody in their right mind can say with 100% certainty that financial implications of crypto would be limited only to Bitcoin in the long term.

Having said that, the difference as you say is, indeed, about personalities. Bitcoin attracted the best and the brightest in its initial days. Alt-coins on the other hand gave birth to the phenomena of free-loaders and bounty-hunters. The community in Alt-coin is therefore filled to the brim with people from third world countries trying to earn money by any means possible. While it started with simple, genuine freelancers; the stories of people making 100X of their money in freely distributed Alt-coins (Ether for example was a few cents in the ICO) has led to a sort of gold rush where everyone from a shovel guy to the ones with automated bucket excavators are in a race to pump their own coin through marketing (mostly social media manipulation). This has also led to proliferation of copycat projects whose only purpose is to somehow gather seed money. Marketing is provided by the afore-mentioned bounty-hunters looking for a quick flip. The crypto influencers on Youtube and twitter (mostly from first world countries) have taken this to another level. These factors make it extremely difficult to find a genuine project in this wasteland. Its the reason that even though people in the Bitcoin section aren't all maximalist, yet they have suggested to allocate anything from 60-80% of an outright fiat investment into BTC and not Alt/Shit-coins.

Most of this explanation is obvious to the people commenting here but hope this is of some help to you.

Besides this, My personal experience with the DeFi aspect of Alt-coins tells me that they have disruptive potential, at least in the short term (2-3 years). Don't go looking at the plethora of " DeFi farms" springing up everywhere. If you have time before deciding on that investment, I invite you to read a thread that I started about one of these DeFi projects called BarnBridge. You are welcome to ask questions in the thread and join the discord from the link. Ask for me if you come over to discord. There are plenty of people there willing to show you how deep the rabbit hole goes. Just make sure not to engage with people asking for money or sending you links via DM. This is a terribly scammy space for newcomers and has every imaginable psy-op designed to part you from your money. For the curious and meticulous though, it is a whole new world.

[Innerpumper]

1. It could happen, because bitcoin is still relatively new, there are still few institutions that come in.
However, bitcoin this year is well known to the world.
2. Bitcoin will usually be more pronounced in the long run, I do not understand about long-term trading
You'll understand better.
3. Using free funds in trading is the best thing. Greed makes us lose all our assets, I think
150k is a good thing to start with
4. I often see the division of assets is 75:25, 75% is the holder, 25% to pursue bitcoin or the other way around.

[Reosta_]

If you are ready to HODL your money for a long time, then I would buy Bitcoin with nearly all of them if I were you. Because I believe the best choice for a long-term investment is absolutely Bitcoin. For example, Bitcoin price was 5k dollars about one year ago and look where it is now. Of course, it doesn't mean that you will make a huge profit in such time for certain. It may take even 10 years or so. But the most credible crypto for me is Bitcoin.

[mindrust]

Hi there,

Historically, buying at ATH don't produce the best results. I would wait for the bear market If I were you. Or you can always decide to Dolar Cost Average. Is crypto your only option to get rich? As far as I see stocks are going nuts also. I think they are as legit as crypto. (some would say they are even more legit)

Also don't forget this is all experimental tech and can go poof anytime and if it (ever) does, nobody will care about your losses..

[amishmanish]

For all the analysis the OGs and us Seventeeners gave to OP, he should have just listened to Elon and bought DOGE.

Note: Seventeeners or 17ers are people who got into crypto in 2017 with the Bitcoin ATH. They are the ones who bought at the highest and then lived through the last 3-4 years to watch their dumbest friends make hundreds of thousands while they made the "sensible" trades..

[giantrobot]

The amount of US $ 150,000 is huge. You can use it to do business, trade or invest in business to increase the existing amount. If you want to make a lot of profits you can invest in Bitcoin children. But I recommend you should not buy once to avoid risks. You can buy slowly and try to see where your luck is. And see how you invest right.

[blckhawk]

1.  Starting today on April 10, 2021 if I invested 150k in bitcoin, how much do the gurus expect me to have in 1, 2, 5, and 10 years?  Like would any idiot who just invested today and didn't sell expect a 5x increase within the next 10 years?

Can't exactly tell since crypto is still unpredictable so there are a lot of things that could happen within those 10 years. However, if Bitcoin would perform well within that timeframe then I could say that it is more than enough. 5x increase is possible in fact it could be even more than that.

2.  I would use dollar cost averaging, but over what time horizon?  Invest 150k over the next six months?  Or just invest it all today since we all know it's going up?

Doesn't matter that much since you will hold it out for too long but it is recommended if you will buy at a cheap price to maximize your profit. Watch the market if there will be any dips and then that is the perfect time to buy.

3.  I could withdraw the old retirement fund and get the initial investment up to 300k.  Would you go all in using that?  I would not have much of a backup plan for retirement if this is the case, but like I said I have a high risk profile.  I do believe this is once in a lifetime.

If you can afford to lose all of them then no one will stop you however, you must face the consequences because crypto is still risky after all even if you investing in Bitcoin. Personally, I would not get that far so I wouldn't recommend it for you to place it all.

4. If I want to pursue some alt coins, and again, I have a high risk profile, what % mix would you recommend?  33% alt-coins and 66% bitcoin, or 50-50, etc? 

Yeah sounds good since you have a huge capital diversifying it would be a good option to mitigate the risk, however, you must consider the altcoins you are going to choose, as much as possible get those coins top listed ones. I think the 60:40 or 70:30 ratio will be enough and the large portion must be in Bitcoin of course.

[vaultman]

Local investment experts will advise you to invest in top 10 cryptocurrencies. But I think this is extremely wrong. You need to look for the most promising projects and invest in them, rather than follow public opinion and act like everyone else. Moreover, it will not be possible to make 10x on cryptocurrencies from the top 10 list in the near future, since they are growing very slowly in price and there is no such idea behind them that would allow you to multiply your investments in such an amount.