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

[mckinleeanael07]

you are having a rather risky mindset and the risk is like the lottery so maybe you will become rich, otherwise you may lose everything that is a rule of the game, but who knows That risk will help you later. so I believe in BTC just like you and I hold it just like you the risk that comes with wealth.

[geegaw]

No matter how good and promising the cryptocurrency may seem, in any case, you should not invest your investments in only one type of cryptocurrency. This also applies to bitcoin. Even if we are confident in the reliability of bitcoin, we cannot predict the possible further reaction of states in relation to it. There may be other reasons because of which the first cryptocurrency can fall sharply and for a long time in price. Therefore, it is better not to violate the general investment rules that are inherent in any market.

But with the exception of bitcoin, I don't see any better diversifiable directories than bitcoin, which means that altcoins' returns are incomparable and don't feel more secure than bitcoin, the philosophy of not putting everything in one basket in investing is just about promoting profit potential and reducing risk but when our goal has both such conditions, why don't we accept that someone can put it all in bitcoin. So far, bitcoin is something that always violates a lot of rules to be special

[aoluain]

The main thing is that I havent lost anything over the last few months, if I had 1BTC in
early April at the ATH and didnt sell I still have 1BTC today.

You lost the ability to sell your 1 BTC at ~$60K.

Now if in 5 years BTC does return to ~$60K, and you sell it, you still lost the value it could have given you for 5 years.

So the idea , you lost nothing is wrong, at best you lost time, at worst you lost the money.  
People claiming BTC is guaranteed to keep going up, ask them to put it in writing, and watch them backpedal.


FYI:
People are really going to freak out when BTC drops below $13K in ~7 months.

You are correct on some points, Yes some people will be freaking out (and this is a very big word)
"IF" Bitcoin drops in value below $13.

You are kind of right too in my ability to sell at $60k. I see it as missing a train I didnt want to take.

Not everyone wants to trade and catch the highs and lows, some are happy to buy the dips and
accumulate that way.

I havent lost any Bitcoin with the fall in value, my wallets still continue to grow in Bitcoin volume,
but I did loose the Potential to double my holdings, I'm ok with that, I cannot call the ATH and
sell. I actually admire those who can and more power to them.

[AakZaki]

I buy that strategy, 50% for Bitcoin and divert the other half to more prospect alts that I'm eyeeing to invest my money.

In terms of strategy, some traders have different ways of managing their money. I prefer to play altcoin pairs BTC. I prefer to collect as much BTC as possible. Because I basically believe the current bearish pressure will turn to a bullish wave. If you follow the journey of BTC then it is a repeating cycle. As for the division I do not specify well. But I don't use all to trade. I did this as a step to anticipate the sudden bad market.

[BlackHatCoiner]

People that purchased Doge in 2018 earned a much greater return on investment than if they had put that same amount of fiat into btc in 2018.

 

And people who bought Doge in 2021 lost much more than the ones who put it in BTC. Your point?

[MrcMrc]

The reason I like to diversify my investment into different count is the fact that my investment can earn profits from different sources. During this dip, there is this coin I invested in that did 40× making you tremendous profits.

But Bitcoin has always remained the most stable and less volatile asset in the entire market.

[Slow death]

People that purchased Doge in 2018 earned a much greater return on investment than if they had put that same amount of fiat into btc in 2018.

 

you are comparing an altcoin that increases in price every time doge father does some twitter Vs bitcoin that despite doge father doing some damage is still surviving very well without doge father twitters and will be fine if doge father disappear, now we can't say the same thing about dogecoin that without doge father will not have a big price increase


I think it's always good for a person to buy bitcoin and also invest in things in the real world, for me that's diversifying investment

[Fredomago]

No matter how good and promising the cryptocurrency may seem, in any case, you should not invest your investments in only one type of cryptocurrency. This also applies to bitcoin. Even if we are confident in the reliability of bitcoin, we cannot predict the possible further reaction of states in relation to it. There may be other reasons because of which the first cryptocurrency can fall sharply and for a long time in price. Therefore, it is better not to violate the general investment rules that are inherent in any market.

But with the exception of bitcoin, I don't see any better diversifiable directories than bitcoin, which means that altcoins' returns are incomparable and don't feel more secure than bitcoin, the philosophy of not putting everything in one basket in investing is just about promoting profit potential and reducing risk but when our goal has both such conditions, why don't we accept that someone can put it all in bitcoin. So far, bitcoin is something that always violates a lot of rules to be special

I agree to your statement, there are people who believes that putting everything into one investment that they really trust will bring them the profits that they are aiming.

Though it's too risky but we need to consider that before they conclude and decide there are research and studies that they bring inside the table, and not just decide going all in without any basis.

Go all in and set your target, patiently wait and once things works according to your plan, enjoy all profits! 

[uneng]

It's really not an advisable plan, but I agree with fully investing in bitcoin right now if you aren't a big investor, because the potential returns it can give you and the simplicity of the investment make it much superior to traditional investments which you need to follow a lot of bureaucracy to maintain them operating and your name clean towards the government.
Probably the profit you make with traditional investments won't worth the time and also the money you have to spend keeping everything regulated. However if another investments were simple as bitcoin is, I would prefer to diversify funds among them all.

[nhaila]

Hey mate buy more bitcoin and hodl it for your better safety because Bitcoin would be the number one currency in the world and most of the countries would accept it as legally. Then Bitcoin would go to the moon with price $300000....

[stomachgrowls]

Hey mate buy more bitcoin and hodl it for your better safety because Bitcoin would be the number one currency in the world and most of the countries would accept it as legally. Then Bitcoin would go to the moon with price $300000....

Its not bad to be optimistic but we do have common unrealistic insights;

- 1M per coin or reaching hundreds of thousands (too far to consider)
- Legally accepted (not all government would have the same insight or decisions)
- Replace fiat(never ever to happen)

When it comes to investment then always consider on the risk and not just putting all of your eggs on one basket unless if you are really ready for the risk behind.
It would always be ideal if you do diverse on as much as possible.

[BaeSuzy]

Put all of your investment in one basket i think it's too risky, but at the end thats is your money and you will get what you do. My advice is only invest money you can afford to lose because there's no guarantee the bitcoin price will keep rising. I personally prefer to invest in many altcoins (top 30 in coinmarketcap) and sometimes i looking for good project with small marketcap, i think this is the best strategy for me in investing.

[TangentC]

People that purchased Doge in 2018 earned a much greater return on investment than if they had put that same amount of fiat into btc in 2018.

 

And people who bought Doge in 2021 lost much more than the ones who put it in BTC. Your point?

The point is BTC is not always the best investment for a given time frame, especially now that others have a lot more room to grow.

 

[lienfaye]

Hey mate buy more bitcoin and hodl it for your better safety because Bitcoin would be the number one currency in the world and most of the countries would accept it as legally. Then Bitcoin would go to the moon with price $300000....

Well, I like the positivity of your statement however its still uncertain if we can see bitcoin be recognize as a legal tender for many countries.

Anyway bitcoin is indeed a good investment and the top crypto. If you believe that it can reach a huge price in the future so be it no one is holding you back. But its a must to take profit at times to enjoy our earnings.

[KeikoKitagawa18]

Im doing the same thing like you, i put all of my money into BTC. I think i do the right thing to put all of my money into btc because the history of btc keep rising every single year, so it just depends how long i can hold my BTC.

[Mistafreeze]

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.

[Amejoaquim]

All in into bitcoin is nice but i hope you patience enough to wait untill the price of bitcoin reach the new all time high. Throw all of your investment in one basket i think it's a smart move, but i hope you know the risk and already do the research about this, so if your investment is not what you expected, you don't need to stress and find someone to blame because of your decision.

[DarkDays]

All in into bitcoin is nice but i hope you patience enough to wait untill the price of bitcoin reach the new all time high. Throw all of your investment in one basket i think it's a smart move, but i hope you know the risk and already do the research about this, so if your investment is not what you expected, you don't need to stress and find someone to blame because of your decision.

When speaking of BTC only then I don't think it is particularly bad but sure you can't take advantage from diversification of assets. On the other hand, as stated above, you might even be nicely rewarded if you've got diamond hands otherwise the potential profit could be massively reduced.

This type of approach works for some people but not all. You just need to put the BTC away and not think about it, it is hard but it is the only way to stay sane and stress free because volatility is inevitable.

[AicecreaME]

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?

I assume you're not new in this platform, hence you already knew what you were doing and what you are still currently doing. The risk is definitely high when you risk all-in in one coin, but the rewards will be high as well. Bitcoin has proven its potential over the past years. It has withstood the test of time and all the shades thrown at it countless times already. However, you must also know that despite all the good aspects of bitcoin, it is volatile. There will come a time that its value won't be as high and if ever the time you need money most will happen the moment bearish market enters - where the lowest of low of bitcoin's value can possibly hit, you'll have no other choice but to withdraw your btc because you have no other coins as alternative in the first place.

Nonetheless, it's just really up to you. I think you have thought several worst possible scenarios before risking it all in bitcoin after all. I salute your patience and delayed gratification, mate.

[qwertyup23]

The plan is to HODL as much BTC I earn as possible since I do believe that in a few years from now, its price will skyrocket!

While I am against your strategy of putting all eggs in one basket, I do hope that you at least sell 30% of your BTCs because either way, you have profited already. The only goal right now is to lower your risks as much as possible and get the maximum yield.

All in into bitcoin is nice but i hope you patience enough to wait untill the price of bitcoin reach the new all time high. Throw all of your investment in one basket i think it's a smart move, but i hope you know the risk and already do the research about this, so if your investment is not what you expected, you don't need to stress and find someone to blame because of your decision.

but if we dump all assets only on bitcoin, I think it's a good decision, where we see this step can minimize risk and we can sleep well every day until we wait for the bullrun to come. we know when invested in other coins, while bitcoin seems to be in control of the development of all existing coins. So if bitcoin collapses, other coins will suffer the same fate

This is not necessarily true.

There were times that the price of BTC dropped but other prices of altcoins increased. It all depends upon the market to be honest as there is no absolute indicator.