Sell My Portfolio for 75% of a Bitcoin?

[jilkspie2]

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

[passwordnow]

It will help if you state what are those altcoins that you hold, they are 10 right? I think that's a lot and if it's possible, tell us how much you're holding with them and what percentage you have for each of them. If I'll be you and you're really believing in bitcoin, I'll do it without any question. In my experience, it's always the best choice to own bitcoin despite there are a lot of innovations from other projects, bitcoin will never be late on the price pumps which have been seen by anyone. But if you want to keep those altcoins, use your savings for it or just sell those altcoins that you think that has to be sold.

[examplens]

first, never blindly believe anyone's advice, offline or over the internet. not even here on the forum.
However, Bitcoin is the most stable to hold especially in long term. I have seen many promising coins sometimes, and today they are completely worthless. Yes, they may have the potential to grow >500% and bring big profits, but they also have great potential for risk and complete collapse.

be sure to keep in mind, if Bitcoin going up, almost all other coins going up. If Bitcoin falling down, usually all other altcoins going down.

[sheenshane]

A good spread..

ETH 30.23%

BTC 26.43%

XMR 10.39%

VET 9.60%

Other 23.35% (LINK, XRP, ADA, ALGO, ONE, HOT)

Keep in mind that altcoins have the potential to gain profit in a short period of time, not like Bitcoin, it's good for the long run.  If you're going to ask me, it's better to give a large allocation of Bitcoin in your portfolio than the altcoins.  As I noticed, altcoins might be manipulated under the pump and dump group which is very risky when you store it for a long period of time.

I don't have enough information about the two altcoins above, XMR and VET and I don't think there's a potential to them.  I just wonder why you didn't choose BNB, as long as Binance was there, they are very promising coins as well.

I suggest you to have always a DYOR in altcoins to pick as an investment and good luck with that.

[Silberman]

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

Sometimes the best move is a compromise between the two options that you present, one option is to keep your altcoin portfolio, the other is to sell everything and get bitcoin, why not just sell the coins you think have reached their limit during this bull run and keep the rest that you think still have a lot of potential and see if you can get the full bitcoin that you want? Now this option will not give you the most profits or give you the most bitcoin at the moment but it seems like the safest path.

[dunfida]

Let me know what you guys think.

What i think about the situation?

If i do have 10 cryptocurrency or coins into my portfolio then it would  vary if those are mostly in top ranks which i would consider on holding it out aside on going pure with bitcoin.

If you do talk about profits then earning profit on pure bitcoin hodl is much lesser if even out of those 9 alts youve been holding and some of it had pumped
which would generate even more.You wouldnt know on what future awaits for these coins but still its your own choice though.

[Distinctin]

You can certainly get assurance from investing in Bitcoin compared to altcoins. Your goal is to secure your money before the bear season has come and you were right mate. If you ever hold those not known coins, better to sell them now and switch to Bitcoin but you can still retain those altcoins that you will think can provide you some profit, 25-30% is a good enough allocation for altcoins. Well, I have to suggest keeping only those on the top 10 altcoins, not new projects.

[blackened515]

ETH 30.23%

BTC 26.43%

XMR 10.39%

VET 9.60%

Other 23.35% (LINK, XRP, ADA, ALGO, ONE, HOT)

You made the right decision ever and this coin will give you high return in the future, beside, almost of these coins are pretty doing well right now in the market and still have good development strategy ongoing, you just have to feel relaxed and watch your portfolio growing, I will advise you to buy more of them when ever you have Fiat to accumulate the quantity

[pooya87]

My portfolio

You can't call it a "portfolio" if you have bitcoin and altcoins. It is only a portfolio and is worth having if you have bitcoin and things that aren't dumping each time bitcoin price goes either up or down. That means assets that have no corrections with bitcoin like precious metals, stocks, etc.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

Then you have already failed at that aim since altcoins have no real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

And if you continue bag holding altcoins in long run that 0.55 bitcoin that is held in altcoins will be worth a lot less. You can verify this by looking at the long term history of altcoins.

I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

You aren't not-missing out on innovations by bag holding altcoins!

[NeuroticFish]

Let me know what you guys think.

Many use to say that it's best to have at least 50% of your assets in Bitcoin.

On various short terms altcoins can have higher growth than Bitcoin, other times they are dumped hard. If you can trade from one into another, you can have better gains, but only if you know what you're doing. For HODLing you will have to choose better.

However, please DYOR and make your own decisions for what you do with your own money.

[Obito]

I am quite split into this, on one hand you are making money on different cryptocurrencies and you have a high chance that 1 or 2 of those cryptocurrencies will pump really high and you will be able to get a big profit and on the other hand, I believe that going for bitcoin to hodl for long term is going to guarantee you that your hodl will be worth the wait more. Bitcoin guarantees a profit while the other cryptocurrencies, you need to have some faith that they will go up in value.

[20kevin20]

Are you in for the long term? Do you care about USD or BTC profits?

Ask yourself questions and determine what the best choice is for you. If you're in for the long term, perhaps Bitcoin is the best option for you. But no matter if you care about USD or BTC profits, Bitcoin almost always provided the largest one over the long term.

However, we obviously have exceptions. Ethereum rose massively since last year, but the BTC value never reached an ATH. Had you invested in it though, you would've had today more money than if you had invested in Bitcoin.

I'd put my money into Bitcoin and keep it for the long term. For me, this was always the safest bet.

[goinmerry]

It's your dream to own a BTC1 so why still confused? Go ahead and sell your altcoins as the more days are passing, it will just make you more confused.

Since you managed to get your portfolio up to where it's now, I'm sure you can gain back your altcoins again after some endless trades and will now reach your 25% target more to reach BTC1.

In terms of trading "to" BTC, I don't really hesitate even those altcoins are valuable for one reason that there's no turning back if the other way around happened which is losing the value of those altcoins. Long-term-wise, nothing beats Bitcoin.

[aoluain]

@pooya87 has it right in all points.

I currently have 100% in Bitcoin, I used to have some alts but over a year ago I
exchanged all back into Bitcoin.

If I look at those alts now, they are gone outside the top 10 in Coinmarketcap and
the altcoin section of the forum is rarely talking about them. The focus in alts
is constantly changing to the newer project which promises to have a real
world solution, until the next new project comes along.

Altcoins are for the developers of those alts to take Bitcoin from people and
offer those people a 1 in xxxxx chance to get rich quick.

We all know how different that is compared to Bitcoin.

[kotajikikox]

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

Wait how much is your capital from this investment ?

Because from that will appear our advices mate, it is hard to tell you what to decide if i dont know how much earning or losses you have.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

Wait you are aiming for 1 whole bitcoin then you best not to have this kind of behavior because it looks like you are turning into either maintaining altcoins or jumping to bitcoin.

[Lucius]

It's your dream to own a BTC1 so why still confused? Go ahead and sell your altcoins as the more days are passing, it will just make you more confused.

He’s not confused, he’s just hesitant about the moment he should make such a move. The first reason why he hesitates is that he will still not have 1 BTC even if he sells everything he has - and the second is that somewhere in his subconscious he knows that he could have achieved his goal if he had done it a month ago.

In other words, if he didn't take the opportunity when the whole market was at its peak - why do it now?

[Ararbermas]

Always keep in mind that bitcoin still the real king when it comes long term hodling.. Yes there's a lot of opportunities in crypto space but you don't even know how can it guarantee after all unlike bitcoin wherein proven and tested even before that day when the value wasn't too high. So how much more now?
Indeed it has good technology so it always too good to rely, surely this the common reason as well after it plunges it rocketed because a bunch of investors still see it good and very promising even everytime here in crypto space there's a new projects emerges.. Be smart mate don't easily fell in other advices.

[Vishnu.Reang]

With the altcoins looking inflated right now, I would agree with your suggestion of increasing the share of BTC to at least 75%. But needs to analyze various cryptocurrencies carefully which of the alts you need to sell. Obviously you need to reduce the share of ETH, since it is 30% of the portfolio. I would suggest to sell 4/5th of the XMR holding. The same advice with XRP as well, because these coins are looking overpriced with low future potential. Would do the same with ALGO, ONE and HOT. With LINK and ADA, I would be more cautious.

[yazher]

That's really some hard decision you got there but all of the users here can only give you their suggestions at the end of the day you will gonna choose what to do with your current portfolio. With this kind of market situation, you need to decide courageously with your own personal decision that whatever might happened you don't regret after that. There are lots of happening right now after the price fell from more than $50k and no one really knows when will it be back again so it is better that whatever decision you will make after this, you won't ever regret it.

[Chato1977]

My portfolio has become quite extensive, in my opinion.

I am in about 10 different cryptocurrencies, all that aim to provide a lot of real world value.

I was looking at my portfolio this morning and realized I have enough to convert all of my coins and have 0.75 of a full Bitcoin. It has always been a dream of mine to own a full Bitcoin. Right as of now I only have about 20% (0.20) of a Bitcoin.

I know that Bitcoin will always be THE store of value, but I think it would not be wise to miss out on the other innovations the cryptocurrency space has to offer.

Let me know what you guys think.

Never let your desire goes to Altcoin against bitcoin..

if you wanted to sell then only part of it but maintain the majority of funds inside Bitcoin and not for altcoin.

You will regret that decision all your life trust me.