I'm now all in BTC. All eggs in one basket!

[Quantum907]

I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.

I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.

I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.

What's your plan?

Looks very risky but I think this is the right move, no doubt that bitcoin is the most secure and profitable crypto for long term so putting all money in bitcoin is a good thing.

[dzonikg28]

I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.

I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.

I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.

It’s not really bad, I have also been doing it for sometime, though it is not something I do all the time. Sometimes I might decide to buy other coins like Ethereum and any other good altcoins I may find. But, majority of my investment would usually go into Bitcoin before going into any other altcoins in the market.

So, it is up to you to decide that for yourself. Investing in lots of different cryptocurrencies might be good since it’s good to diversify your asset, even at that you still have to know that bitcoin is at the top and most of the time it’s always going to top many other cryptocurrencies you will find in the market.

And if we look at the crypto market's history, staying in Bitcoin would have made you rich anyway. It is so tempting to get into a low cap alt coin because you hope for 100x, but eventually Bitcoin performed so well again and again that gambling on shit coins isn't worth it.

[Abiky]

I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.

I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.

I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.

What's your plan?

That's an extremely risky move. If Bitcoin goes all the way down the drain in an instant, you can end up losing a lot of money in the process. It's better to diversify your investment into more than one cryptocurrency, since the risks of loss are minimal. One coin can go down the drain, but the other one might be having a bullish trend.

Ultimately, no can force you to make a decision on your investment. Investing in Bitcoin for the long haul is a great idea because its value will increase as it becomes scarcer over time. There are many experts that indicate Bitcoin will hit $100k, and even $1m in the future. The more Bitcoin you accumulate, the better rewards you'll get. You can make even more money by investing into Ethereum and its "De-Fi" tokens.

My plan is to put half of my money into Bitcoin and put the other half into Ethereum (a 50-50 split). That way, I can leverage risks from both cryptocurrencies while getting big rewards in the process. When the next bull market comes, I'd be ready to sell a large portion of my coins for profit. Whatever you do with your Bitcoin, always remember to buy low and sell high in order to avoid losing your hard-earned money in the process. Just my opinion

[Easteregg69]

So we have a basket case?

Immutable is not what it used to be. Sooner or later a supercomputer comes up and checks all the keys in one go.

Kindest.

PS. And you that censors ideas you don't like will be wrong! 100%

PPS. yobit is banned til 14-07-2022!

A supercomputer. Giggles..

[cotton ball]

So we have a basket case?

Immutable is not what it used to be. Sooner or later a supercomputer comes up and checks all the keys in one go.

Kindest.

PS. And you that censors ideas you don't like will be wrong! 100%

be a wise person, don't keep everything we have in one package, if anyone can hack into our package, we will fall back to zero, we store in bitcoin is good, because bitcoin has been proven to give us promising profits, but it would be nice if we save some of what we have elsewhere..

[goldade]

I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.

I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.

I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.

What's your plan?

If you've been hodling your coins since 2013, then it would mean that you're in tremendous profits whether you sell now or now.  Bitcoin was very low as at 2013 and how you managed to keep holding even when bitcoin hits new ATHs along the year is amazing
Trust me, I believe you decided to go all in into bitcoin because you have seen the reward of holding bitcoin for a very long period of time.  I, however,  think you should sell some by November, at least enjoy the reward of holding this long.

[tiCeR]

I'm curious, how it's been working out for you, OP? I'm thinking about selling all my remaining coins and turn them into BTC.

I just stumbled across this thread after un-ignoring Bitcoin Discussion, and I'm curious as well--though if what OP said is true, he's been accumulating bitcoin since 2013 and probably hasn't sold any of his stash.  Presumably with the price increase we've seen in the past day or two, he's still doing just fine.

I don't know about keeping all of your investment money in bitcoin for the long term, however.  OP will likely still be in the black even if bitcoin were to lose half its value (if he's holding onto 2013 coins), but if I were him I'd probably diversify just a little.  Normally I'd suggest the stock market, but after well over a decade of bull market craziness I'm not sure now is the best time to buy stocks.

OP, you still around?  Maybe you can chime in and give us an update on any changes to your portfolio, etc.

Still all in BTC, doing fine, no headaches watching the shitty coins. Not planning to sell even if BTC price is going up right now. Might sell a small amount once in the xxx,xxx range and then hopefully will buy it back, I'm sure we will see a new ATH this year.

All in in Bitcoin is at least a strategy that still makes some sense. When I read that people go all in on some alt coin (other than Ethereum), I really get a headache. It still depends, there is a difference if you go all in on an unknown token from an ICO or Monero, but as long as you really go all in, I'd be shocked if it is not a larger well established crypto with a successful history.

It makes sense because bitcoin itself is at the top and can survive even during bear season.
Not many alts can survive when the market crashes. Only those solid ones like ETH and if I may add BNB.
But let us say, if you go all in one token, like for example SHIB - as this is the current hype.
I don't think you can sleep at night soundly because anytime this kind of meme token, can easily go down the drain without a warning.
So what it demonstrates is that, in this market, maybe putting all your eggs in one basket - in btc specifically, can still give you peace of mind.

Sure you can always hit the jackpot if you then also manage to sell with the right timing and don't stick to your SHIB hoping it goes up even further, but if you want a solid investment that is resilient against crashes or does at least have a good history of strong recoveries, the coins you mentioned are the way to go for any investor.

[Charot12345]

I think so too. Putting all your assets in one basket is not that good. It is better to put some in another cryptocurrency. Even just little part of it. Though it was risky, you need to study about it more to avoid too much losses. You can also invest it to something that you can have profit too or bought a house and lot that can you can use for a lifetime.

[fuguebtc]

I think you are doing the right thing by putting all of your money in bitcoin because as we all know that altcoins are so risky many projects hacked last month so in that case we should always put money where there is some security of our funds like bitcoin and ethereum.

I don't think putting all eggs in one basket is the best idea as an investor cause eventually if Bitcoin crashes, then it will take many months for one to wait for it to gain value before doing whatever you want with it. Cryptocurrency investment is very risk and that should not guarantee making decisions that will have greater effects later just because you are scared or ignorant of other investment one can participate in but rather than taking the Oblivion risk of putting all eggs in a single basket.

Bitcoin market is still going to fall well before raisin it head again. I still don't know why many people still believe in Bitcoin as being the only cryptocurrency they can invest in when we have so many good coins with good market cap and volume, one can also invest in or trade. The op should go and make concrete research about other good coins that can generate good profits than Bitcoin itself.

In this case, putting eggs in one basket is probably best idea. Yes, there are many alts, bitcoin is not the only coin to invest. But all alts depend on bitcoin volatility, when bitcoin rises it all increases, when bitcoin falls it's all red.And If bitcoin crashes, I think the crypto market will crash too.

[n0ne]

I think so too. Putting all your assets in one basket is not that good. It is better to put some in another cryptocurrency. Even just little part of it. Though it was risky, you need to study about it more to avoid too much losses. You can also invest it to something that you can have profit too or bought a house and lot that can you can use for a lifetime.

Everything on a single cryptocurrency will help with big return if lucky. At times if the market hasn't moved as predicted it might end with massive losses. When the same is diversified, profit and losses can be compensated against each other. This will lessen the risk of investments and gives maximum chance of profit making than decline in the holdings value.

[verita1]

I have observed that when we create a portfolio it will always depend on the amount and time we dedicate to the investment.
All the eggs in a basket involves applying strategies.
I am moved by two reasons to invest in bitcoin for a long time. 1. Just to see it consolidate in what we have longed for forever and 2. The future of two young people in my family.
I also have other digital assets for my needs in the short, medium and even long term as well.
The better we plan our future it will all have been worth it because that is why bitcoin was created to meet our demands.

[iTradeChips]

Well, as a bitcoin investor myself, I do see that you have made a good decision to put all your money on Bitcoin. It is your money anyway, so don't listen to anybody that says you are doing it wrong. It is like mine, I invest in Bitcoin and Ethereum and that is it. I really don't care about the others. Friends tells me to invest on this or invest on that. I say sure, that is a great idea, but at the end of the day the decision is always mine and mine alone. Like you, your decision is all yours.

[dzonikg28]

Well, as a bitcoin investor myself, I do see that you have made a good decision to put all your money on Bitcoin. It is your money anyway, so don't listen to anybody that says you are doing it wrong. It is like mine, I invest in Bitcoin and Ethereum and that is it. I really don't care about the others. Friends tells me to invest on this or invest on that. I say sure, that is a great idea, but at the end of the day the decision is always mine and mine alone. Like you, your decision is all yours.

it is better to put it in one basket with potential and safe than having to split our assets into several pieces that have no potential and get a big risk in loss. I think now we have to be smart and choose assets that really have the potential to double our money

That's basically correct, but there are more solid coins than just Bitcoin that you could certainly add to your portfolio. You could add an anonymous coin and also a smart contract platform and still be good to go. If you hold BTC, ETH and XMR I would say that is a solid portfolio. Maybe add a small percentage of lower cap coins to enjoy the potential thrill when one of those coins goes to the moon!

[Sihab76]

Investing all your dollar coins in a single platform is nothing but nonsense. If you wish, you can divide your assets into different steps and invest in different platforms. You are Etherium, Binance, and many more profitable platforms that you can invest at will.

[roosbit]

It's good to see strong believers of bitcoin still exist, but the golden rules will never change, don't put all your eggs in one basket because you might lose everything in one shot.

What might hurt the most is the lost time that will be all for nothing after the many years of waiting, invest in some alltcoins to reduce the risk.

[posi]

It's good to see strong believers of bitcoin still exist, but the golden rules will never change, don't put all your eggs in one basket because you might lose everything in one shot.

What might hurt the most is the lost time that will be all for nothing after the many years of waiting, invest in some alltcoins to reduce the risk.

The golden rule of cryptocurrency investment is not to put all eggs in one basket but with 97% of all altcoin being hype based and highly manipulate I don't think there's a problem in going to all in Bitcoin now after all the recent market momentum is determine by the trend Bitcoin posed.

[Abiky]

That's basically correct, but there are more solid coins than just Bitcoin that you could certainly add to your portfolio. You could add an anonymous coin and also a smart contract platform and still be good to go. If you hold BTC, ETH and XMR I would say that is a solid portfolio. Maybe add a small percentage of lower cap coins to enjoy the potential thrill when one of those coins goes to the moon!

You can leverage risks by adding more coins to your portfolio. Sticking to only one coin will increase your risk of loss if it goes all the way down the drain in an instant. I've seen many times where Bitcoin goes down, while some altcoins go up in price. If you diversify your investment into Bitcoin and other prominent cryptocurrencies on the market, you'll be able to minimize losses as much as possible.

Ultimately, the decision lies in yourself whenever you'd want to diversify your investment or put all of your "eggs" in one basket. Bitcoin should be the cryptocurrency on the top of your portfolio, since it's the one who moves the whole market. With a block reward halving every 4 years, Bitcoin is on a road towards non-stop growth both in price and mainstream adoption. The cryptocurrency is valued at nearly $40k now, and could be worth more than $100k in the future. Whatever you do with your money, always invest wisely in order to avoid becoming bankrupt in the long run. Who knows how much profit you'll make with the next bull market run? Just my thoughts

[Elsaveronicha]

Right decision.  If you want to buy coins with all your money, bitcoin is the best.  Currently we see the price of bitcoin has gone up 30% within one week.  Even bitcoin's rise can outpace altcoins.  If we look at bitcoin profits are also very high.  So there's no need to buy other coins that we don't understand.

[bitzizzix]

just like i put my eggs in only one basket which is bitcoin because for now i only trust bitcoin which has the potential to give a very good return for the long term than any other coin.
even if there is a decline it doesn't matter to me because I am consistent with the long term even though there are some potentially good altcoins I focus on bitcoin, because I believe in bitcoin's movement and even though there are some declines it will definitely rise again even beyond the previous high price and most importantly be patient.
and another reason I'm busy with my full time job, so for now just focus on one basket for the long term.

[Mpamaegbu]

By not sold a bit, do you mean not sold any at all? Those would be very strong hands you got

But is not selling at all a wise decision? I don't believe anyone will be said to be a wise investor or hodler if they don't take profits from time to time to rebuy the dip. Only those who are horrible at trading would not sell at all and I'm cocksure they will always regret the chances they don't take. Again, I strongly believe that Bitcoin or any other crypto won't be valuable if no one ever gets to sell at all. Buying and selling are what gives a thing its value.