virtualdn (OP)
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May 09, 2021, 09:57:21 PM |
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Although I never advise putting all the eggs in a single basket, but seeing the price of btc now I am more excited too, I have even thought about selling many of my things to buy BTC, but it is difficult, I am fully sure that BTC will rise to $100k.
What do you advise me?
I personally have no doubts it will reach $100K and beyond. But of course nobody guarantees anything. You have to listen to your guts, I did and this is why I hold so long and plan to hold most of it even more.
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1 BTC = 1 BTC
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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online73
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Ecowatt.io
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May 09, 2021, 10:14:40 PM |
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Hello everybody. I am in some split, - one of my half tells me that Bitcoin over the years has proved to everyone that the rule about storing "all eggs in one basket" can not be applied to it. But the "other half" constantly reminds that thanks to different assets you can earn several times more. But at this stage, personally, I completely left the crypt, as I am waiting for a good correction, I have pending orders to buy BTC, starting from $ 25,000 and below. Time will tell whether I can wait, but if the "train to the moon" leaves without me, I will buy coins from new, promising projects. Good luck everyone.
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akm3535
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The Standard Protocol - Solving Inflation
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May 09, 2021, 10:15:50 PM |
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It may be a bit risky to have your entire investment in one area. It is always known as a more cautious approach to allocate investments in different areas. however, this may differ depending on what area you are investing in. It is always risky to enter all-in in an area that does not give much confidence. you made all of your investment to bitcoin. This, I think, can be considered logical. bitcoin is a safe investment tool.
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Dread Pirate Roberts
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May 10, 2021, 01:09:07 AM |
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My plan just keep trading in market and not let my asset doing the fortune . i took oppurtunity to take profir in short trading or cut loss while i can . i feel great doing that because even im lossing some value asset in usd i still had the same or higher velue in coin.
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Pamadar
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May 10, 2021, 01:23:22 AM |
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My plan just keep trading in market and not let my asset doing the fortune . i took oppurtunity to take profir in short trading or cut loss while i can . i feel great doing that because even im lossing some value asset in usd i still had the same or higher velue in coin.
taking every opportunities is good if you really understand how the market runs. It's dangerous to those who playing without knowledge,day trading type of strategy is also profitable if you know how to rinse properly. There are many opportunities behind this market, it's always better to always grab your chance to earn both with USD value or growth with your asset holdings.
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rhomelmabini
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May 10, 2021, 01:39:33 AM |
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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?
It's your own choice and if you feel like it go on with it but diversifying isn't a bad choice too perhaps you could consider it in the future. The good thing is putting all it in BTC because the smart money moves around there and the dumb money flows on the alternatives, market cap tells more than that and I think there's no harm putting all it in BTC.
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protocon
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May 10, 2021, 01:43:40 AM |
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I think if you can live without your seed money, then it's not such a bad idea to give it a shot. But you might have to keep a close eye on the price of btc and sell it little by little, not at once. Anyways that's just my personal opinion. Good luck to you!
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Darker45
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🙏🏼Padayon...🙏
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May 10, 2021, 02:33:36 AM |
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It is great hearing from a real tried and tested HODLer. Congratulations! You've done what the other 99% of Bitcoin owners cannot do.
Anyway, it may be wise to all-in with Bitcoin but that's only insofar as cryptocurrency is concerned. In the larger scheme of things, it is probably much wiser to have diversified investments. Buying a piece of land somewhere where you can build a sort of a rest house, for example, is one way to protect your worth and enjoy what you've earned. Or perhaps a business which involves your favorite hobby.
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Shasha80
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May 10, 2021, 02:47:11 AM |
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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?
It's your own choice and if you feel like it go on with it but diversifying isn't a bad choice too perhaps you could consider it in the future. The good thing is putting all it in BTC because the smart money moves around there and the dumb money flows on the alternatives, market cap tells more than that and I think there's no harm putting all it in BTC. I agree that everyone has their own right to do what, if indeed the opening post feels that all in Bitcoin is more profitable, why not do it. Besides, I agree that there are no disadvantages with investing entirely in Bitcoin. But it is better to diversify, in order to reduce risk in investment. Because I still believe that we shouldn't keep all our eggs in one basket, if we really want to be successful in the investment world. But I also can't force people to agree with me. In the end, we will take the risk ourselves. So think carefully before making a decision.
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Iceblast
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May 10, 2021, 02:52:17 AM |
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since 2013 until now? I think you have had a large amount of BTC to date. It looks like you need to sell a little bit of your bitcoins and go on a tour because I'm sure your bitcoin has made a huge profit
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cabron
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May 10, 2021, 04:13:33 AM |
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Yoho 2013, I wasn't here yet lol Hodling since 2013, thats what we call Diamond hands! You know there are many of us who will tell you not to put all your eggs in one basket. But maybe what they mean by this, if you go all into BTC, is that don't put all your BTC in one wallet. BTC is going to cross that $64k again I hope this time will break that resistance.
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CryptopreneurBrainboss
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May 10, 2021, 04:15:02 AM |
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When it comes to the cryptocurency industry, the game changes. Instead of diversifying into other altcoins, you're better off investing in just Bitcoin. Other projects are bond to fail, they aren't as decentralized as you might think and all have public figures that can easily manipulate the market due to them been founders or having media presence as a big supporter/investor in the project.
When it comes to investing in cryptocurency, you should put all your egg in one basket which I s bitcoin and hold until that basket for as long as you can. The profits that comes from holding is far more superior to any other form of investing.
It also need less work to accomplish this, with trading you have to constantly monitor the market but that's not the case with holding, basically you invest and do nothing.
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Kong Hey Pakboy
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May 10, 2021, 04:16:49 AM |
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since 2013 until now? I think you have had a large amount of BTC to date. It looks like you need to sell a little bit of your bitcoins and go on a tour because I'm sure your bitcoin has made a huge profit
Exactly, if I have that kind of possible amount of bitcoin, I would probably be selling some portion of it so I can enjoy the fruits and labors of my hodling for a long time, 8 years is a pretty long time and I think that OP should be selling some bitcoin but that's just might be me.
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pooya87
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May 10, 2021, 04:31:42 AM |
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I never sold a satoshi. It's hard to do it but I got used to HODLing. Also I don't trust any altcoin too much to be honest. HODLing is fun: no headaches!
You sound like someone who believes in fiat not bitcoin, you just own bitcoin because you wish to become fiat-rich otherwise instead of HODLing to dump for fiat at some point you would have used bitcoin as it was meant to be used which is as a currency
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Reatim
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Eloncoin.org - Mars, here we come!
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May 10, 2021, 04:53:27 AM |
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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.
what? since 2013 ? you did not take the chance back in 2017? i really salute those who survive the lust of selling when the 20,000 value happens. 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.
nah , Bitcoin investing never become risky that putting all eggs in altcoins , because at least in Bitcoin we can have a tough chance of recovering as what this shows us for years. I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
I am in Holding also but I only care for 75,000$ mate whenever this happens I am more than to wait and sell.
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CryptoYar
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May 10, 2021, 05:04:13 AM |
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HOLDing Bitcoin will definitely be beneficial for you. Yes, that's right putting all your eggs in one basket is not a good decision. But when it comes to Bitcoin, I can say that there is no such thing.
I think you have had a large amount of BTC
yes we can assume that because the price of bitcoin was very low in 2013 from $196 to $740
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acener
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May 10, 2021, 05:19:49 AM |
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Everyone have there own investment plan and I agree that putting it all in one basket isn't a good one, But it might be better than forcing yourself to invest in other that you don't really trust. If you think that you would earn more by doing it then you should pursue it, It is your money you control it so good luck.
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Kakmakr
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May 10, 2021, 05:34:13 AM |
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I am not a huge supporter of a "All In" strategy, when it comes to your financial portfolio. Everyone should consider having a mix bag portfolio, with some exposure to Low / medium and high investment options. Most of your investments should be distributed between medium/high risk, when you are still young and when you are older, your investments should be divided into a strategy like this ==> (50% low / 30% medium / 20% High risk) Bitcoin and Crypto currencies are high risk investments and nobody should go "All-in" ...no matter what age group you fall in.
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maxreish
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May 10, 2021, 05:34:56 AM |
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Good choice OP, you see litecoin has been doing well recently now near $400. But I never put all my eggs in one basket. Not only I hold litecoin but also other coins.
Well, on the other hand you can decide it on your own. As I can see, it is still a good decision that you bought litecoin before. Looking at how it may be a profitable altcoin now, there nothing to worry about if you put it all in in litecoin. Because we all have our own trading investment goal and plan.
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SaShiRaJaVu
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May 10, 2021, 05:40:58 AM |
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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. Since you are holding the coins when the price of Bitcoin was really low there is no risk and you have the freedom to hold as much long as you want. I did book my profit for the coins i was holding and considering how we usually see a major correction after every major rally i do believe that i will get the opportunity to enter the market again and good to see that you had the ultimate patience to hold the coins for this long without booking any profit.
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