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Author Topic: I'm now all in BTC. All eggs in one basket!  (Read 3104 times)
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May 10, 2021, 11:40:55 PM
 #81

Putting your biggest part of investment into Bitcoin is a wise choice and of course it is a good one for we do know its potential and capability to further grow as time passes by. It is just that you must not just put all of your money into one basket. There are still other worthy cryptocurrency out there and it is just up to you to choose and explore. It will also be a good thing to diversify your investment into some sort of coins that will be worth the spend. You just have to be wise on picking to get the worthy ones.

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May 10, 2021, 11:55:05 PM
 #82

Is this a risky move?
Every decision in crypto will always require a risk at least. And how high the risks will depend on the decision itself. Fortunately, you put your money in BTC in which is likely the most valuable crypto at all.
I persoanlly a fan of Bitcoin, but telling the truth, not putting all into Bitcoin, still having some altcoins (mostly top coins)in order to take profit in short term.
If you are willing to still hold, I personally will take some profits in several stages or at least before thebullish time will sell mroe than 50% of the assets. And then take or buy again in the next bearish market to hold for long term period.

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May 11, 2021, 01:36:35 AM
 #83

As profitable bitcoin may seem to most of us, it's still not good to invest all of your money into it, as it would be best if you could diversify your money to different assets on the market. Bitcoin is still susceptible to losses and huge dips, it would be best if you could invest some of your money in something else, preferably crypto, as long as you don't go balls-deep in bitcoin.
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May 11, 2021, 04:21:16 AM
 #84

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?

Wow all in BTC and haven't sold a bit since 2013 so i must assume that you are already gained or earned a profit from your 2013 investments if ever you were going to sold it today.

But to be honest, in my own opinion and perception I guess putting all eggs in one basket somehow wasn't that practical though the risks was always on the picture of investment but I guess considering of investing to other top altcoins was good too but of course it is your money and your rules.

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May 11, 2021, 05:00:51 AM
 #85

continue on your plan because your more safer in bitcoin than forcing yourself to invest in others and pick a bad coin because your not in a mood   .
it is risky but is there a safe investment ? all in or diversify,  the risk is there  .
you have ltc but ltc's value have also improved like btc and it can improve more in the future . dont under estimate every coin you have and make sure that you have access to the walet or the site where you store them .
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May 11, 2021, 05:20:52 AM
 #86

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?
great Decision mate but mind telling us How long will you plan keeping this holding?

- 0-1 Year

- 1-5 years

-5-10 years

This is important Idea for others as some of us are looking for this advise and wanting to be with the same Boat with others.

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May 11, 2021, 05:30:44 AM
 #87

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?
Considering the long while you were able to hold your bitcoin, it surely has a huge value right now. It is not really a good idea to put all your eggs in one basket because nowadays, there are a lot of altcoins that are emerging so diversification is the best way to make your profit grow more. If you are too confident with your investment in bitcoin and since the success of bitcoin is truly sensational, we cannot criticize what you are doing so it would be best to stick to that if you have much earning. Just don't be afraid to try your luck on other coins, maybe you can diversify some of you earnings from bitcoin.
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May 11, 2021, 05:34:36 AM
 #88

Actually putting all your eggs in one basket is not good, but considering your actions and reasons, I would say your wise. Bitcoin is the father of all cryptocurrencies if it falls  a bit altcoins falls deeply, so I think investing all you got on bitcoin is safer than splitting your funds! Reason being that bitcoin is a very strong potential coin and doesn't fluctuate like most altcoins, the only thing you will be missing out is the Roi percentage your supposed to be benefiting from altcoins, because if bitcoin rises by 10%, some altcoins will rise by 100%. So you benefit more while investing on altcoins.

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May 11, 2021, 05:40:12 AM
 #89

I don't want to just buy bitcoins. I think buying a few coins would be better, less risky and higher potential profit. Like now the price of bitcoin is sideway, but many altcoin are uptrend. That's why it is important for us to do a diversification.

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May 11, 2021, 05:43:49 AM
 #90

Its a bit risky to put all your eggs in one basket because if something went wrong then you dont have any other investment to count on. However we are talking about bitcoin so I think its not really a bad idea, bitcoin is the top crypto and profitable to hold especially for long period. But its better if you consider to take profit, whats the point of holding if you wont take profit (even 30%) to enjoy your earnings?

Anyway I wonder how much bitcoin you currently have since you said you're holding since 2013.

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May 11, 2021, 06:30:10 AM
 #91

But I wonder how long virtualdn is planning to hold his Bitcoins. He has mentioned that he would sell only a small part in November, if things would go well. I wonder what is the price level, when virtualdn would say that it is enough to hold and it is time to spend and have joy.

Interesting notice - in current topic people popular thought is to say that going all-in in Bitcoin is dangerous, while in other topics people advice that the best investment is a Bitcoin.

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May 11, 2021, 06:37:02 AM
 #92

I think OP is having a somewhat unintelligent strategy at the moment, because if you have a lot of evil up until now, you should also consider protecting the achievement and waiting. Next opportunity from this market. My goal is to sell off all the BTC I bought before when it reaches $70000, and wait for another opportunity to buy it back.
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May 11, 2021, 01:43:08 PM
 #93

At this point the best strategy is to keep invested in Bitcoin. If you disagree, then tell me the name of a single altcoin which is not overpriced right now. We have shitcoins such as Doge and Ripple approaching the $100 billion market cap. Now let's not forget what happened after the alts got inflated to such levels in 2017. Many of them lost as much as 99% of their value in 2018. I am not going to say that it is going to repeat for sure, but those who are investing in these coins need to be cautious.
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May 11, 2021, 01:47:29 PM
 #94

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.

If you think you are comfortable with that strategy, the floor is always yours to decide on, and don't mind others.

Holding for a long time now, you should already know what you are doing including all the risks that you will face.

Trust your own decision. You won't do it if you aren't sure in the first place.
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May 11, 2021, 02:01:21 PM
 #95

Putting eggs in one basket is the most risky thing because when the basket falls, of course all the eggs will be destroyed.
Holding bitcoin for 9 years in my opinion is a very good strategy, but few people can do it because we have to have a lot of patience and a strong mentality.

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May 11, 2021, 02:04:56 PM
 #96

Well, i have not much but i'm hodling 50% in BTC, 30% in ETH and other in few altcoins. I'm not so brave to hold all my invests in BTC.
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May 11, 2021, 02:42:48 PM
 #97

You mean you already have bitcoin since 2013 and never sold any of it until now? Seriously? You are really a strong hand, you did a great thing in your life as you don't even tried to sell some of your bitcoin if this is only true, I would sell maybe 50% of my bitcoin to buy a house and lot, car, and start a new big business. You are already holding a huge amount of money, I wonder what is your plan by still holding all of it and not even sell some of it.

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May 11, 2021, 02:50:21 PM
 #98

I'm hodling.
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May 11, 2021, 03:15:41 PM
 #99

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?

Well, let's wait what will happen in the future. If bitcoins dump too much then I think you will regret putting all your eggs in one basket but if bitcoin continue to surge high and reach your target value, then you are lucky. You also know that investing all your capital in just one asset or coin is not a good idea and very risky but you still did it, you're so brave and risky person.
If I were you, I will divide all my capital in different altcoins and half of it will be in bitcoin. Well, that's your strategy and I hope you will get what you want in investing all in bitcoin.

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May 11, 2021, 03:32:56 PM
 #100

Just for your information, when it comes to crypto investments, you need to know that despite bitcoin being at the top it's not always the best choice to go for. Of late if we pick a few random coins,okay not so random say compare bnb,eth and bitcoin, you will find that bitcoin wasn't the best best among these coins but if you still want bitcoin atleast spread your risk to avoid losing everything at once.

R


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