Sell My Portfolio for 75% of a Bitcoin?

[swiftbits]

Not my expertise to share great insights; for me, it would be better to minimize the number of alternative coins you invested in.
Maybe limit it to under 5. many altcoins come and go at the market chart; choose the safest coin out there.

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[TopTort777]

This is actually a very smart move. From my point of view, chances that bitcoin will recover and recover quicker are higher than any altcoin will do the same. Also, if bitcoin recovers, no doubts that it will update ath. While when bitcoin price was 64k$, not every altcoin updated its ath.

[Branflakes92]

If its your dream to get a full bitcoin then absolutely get it done. You'll be annoyed if you don't imo. Altcoins are performing well against bitcoin compared to how the were doing a few months ago, so you'll get a lot more for your money. Of course its possible that those coins will rise faster still than bitcoin but that's the risk you take.

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

[Vishnu.Reang]

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

Mine is more than 90% BTC now. Back in 2018, I sold most of my alts, and converted them to either ETH or BTC. That proved to be a good step, because the coins that I sold back then (BitSend, Denarius, Gbyte.etc) are now almost worthless. And I am sure that the same will happen to many of the coins listed out by OP. I am not saying this about coins such as ADA and ETH, but about the other alts in that list. The recent bull rally has taken the altcoin market share from less than 25% to more than 50%, and this has made many of these coins heavily overpriced. 

[UserU]

I reckon its better to keep the alts while slowly earning Bitcoin along the way. Alts have good growing potential and selling all of them while the prices are still sideways isn't a good idea.

But its your choice in the end, and if you like seeing the full 1 digit, by all means.

[bitbollo]

Most of altcoins are just a pump and dump scheme. It's very risky growth a portfolio where the exposition to altcoins is bigger then 50%.
Even if we have seen some "miracle" in the past this doesn't means it's something easy or it can happens with a certain frequency.
Please note that the value of some altcoins can be flawed by some mistakes: there is not enough market volume, shady exchanges with high price, transactions fees and exchange fees.

[pawanjain]

That would probably be a bad idea. I know how it feels because similar to you even I have the dream of holding one whole bitcoin.
But if I were in your place then I would not sell all my altcoins to hold 0.75 BTC. If the altcoins you hold do have a lot of potential then may be they might give you more than 1 BTC all combined but if you convert your altcoins to bitcoin then they will stay 0.75 only. Yes, the opposite can also happen and you might lose the amount in bitcoin pair as well but that's the risk you have to take.
Also, we should never put all our eggs in one basket and diversify our portfolio but I do think that 10 coins are a lot.
I think 5 are sufficient and you can exchange the rest to bitcoins. Eventually it should be your final call.

[Branflakes92]

My portfolio is 50% BTC, 25% ETH, 25% XMR. And, as much as I love those coins, I would dump them all in a heartbeat to get that magical 1BTC.

Mine is more than 90% BTC now. Back in 2018, I sold most of my alts, and converted them to either ETH or BTC. That proved to be a good step, because the coins that I sold back then (BitSend, Denarius, Gbyte.etc) are now almost worthless. And I am sure that the same will happen to many of the coins listed out by OP. I am not saying this about coins such as ADA and ETH, but about the other alts in that list. The recent bull rally has taken the altcoin market share from less than 25% to more than 50%, and this has made many of these coins heavily overpriced. 

Mine was supposed to be closer to 70% BTC but the recent correction and ETH/XMR's performance vs BTC has pulled these two much closer to BTC than before. I do see ETH/XMR as having a lot of staying power (smart contracts/defi and low fees/privacy respectively) and would like to hope they will not crash too much more than BTC after this bullrun is done, and perhaps even decouple (although I see that as unlikely for a long time). I am a new investor this cycle though, started DCAing in Feb 2021, so I am a noobie to swings of the market so could end up being totally wrong.

[Yatsan]

If you are seeing betterment with your portfolio by doing a big decision of converting those cryptocurrency coins and make it into Bitcoin possession, then it is up to you but you have a point that by doing such you will be compromising the possibility of exploring the other innovations in crypto within the vast market we are currently into. But having 0.75 Bitcoin is really a big thing though. It is a hard time doing the decision but if you see that you can grab the big chance of obtaining a big portion of Bitcoin, then do it because you can acquire once again those cryptocurrency coins you will be selling for the sake of Bitcoin.

[ene1980]

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.

Since you said you are holding the coins in multiple cryptocurrency it is difficult to give you an opinion as there are several coins that rallied in the past few months and there is a possibility that some of them will go down as well and if you are smart enough book your profit when the price is rallying rather than holding them expecting them to go further.

The choice is yours on how you want to hold your investment and in my past rallies there were points in time where i thought about holding further for some of the coins i am holding rather than converting them and just like that the valuations went away when there was a major correction. So take your decisions wisely.

[Fredomago]

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.

Since you said you are holding the coins in multiple cryptocurrency it is difficult to give you an opinion as there are several coins that rallied in the past few months and there is a possibility that some of them will go down as well and if you are smart enough book your profit when the price is rallying rather than holding them expecting them to go further.

The choice is yours on how you want to hold your investment and in my past rallies there were points in time where i thought about holding further for some of the coins i am holding rather than converting them and just like that the valuations went away when there was a major correction. So take your decisions wisely.

The final decision always relied upon you, but I like the idea of booking the profits while the value still up,
instead of being greedy thinking that the asset will grow for more.
But if you have such goals and you do believe that what you now have are good enough to keep and wait for
the moment that you'll see the real value to reached 1 full Bitcoin.
Aiming for long-term and holding good assets will fulfil your target. Good luck!

[Johnyz]

Personally I prefer to hold 2 to 5 good coins only and the rest are for my short term and medium term trading. That’s your money mate, you can really do whatever you want and your main concern should be the knowledge on where to put Money, our suggestion is just an idea and at the end of the day your own analysis will matter. If you are more comfortable with Bitcoin then buy more but if you want to explore the market, its also good to have a balanced portfolio, 50% for Bitcoin is already a good start.

[Hypnosis00]

Personally I prefer to hold 2 to 5 good coins only and the rest are for my short term and medium term trading. That’s your money mate, you can really do whatever you want and your main concern should be the knowledge on where to put Money, our suggestion is just an idea and at the end of the day your own analysis will matter. If you are more comfortable with Bitcoin then buy more but if you want to explore the market, its also good to have a balanced portfolio, 50% for Bitcoin is already a good start.

Well, we have a different mindset and market insights. Because for me, I saw huge market gains for altcoins this time compared to Bitcoin. Maybe it was the wisest thing is to hold more on altcoins than Bitcoin or might to say 50% altcoins and 50% Bitcoin, I think it was the best deal. However, if we aim for long-term investment and might want to relax having the confidence that our portfolio will never decrease, then Bitcoin is the best choice.

Well, I'm still holding more on Bitcoin, I keep some of the potential altcoins for a long-term deal. But it can also be changed depending on the market situation and a chance to for some diversifications.

[maxreish]

If you sold your 75% portfolio and you are contented with the results and you already achieved your profit goal then it might be good for you. But selling it off at this moment that bitcoin was at bearish mode, well perhaps if you still at profit then it is all up to you.

But in my situation, I'd rather hold this tight up until it reach again new ATH.

[boumalo]

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.

De-risk and sell about half your altcoins to have 0.5BTC, half your goal, and you keep some exposure to the altcoins you chose.

You loan 0.2BTC on a safe exchange to get some revenue out of your BTC.

You make money and keep investing in BTC and you will probably get to your 1BTC goal.

[TheUltraElite]

A dream for owning one complete bitcoin is an absurd one with no logic backing it but only an emotional one.

Once you start accumulating bitcoin it will anyway cross one whole bitcoin and more, so whats the point in trying to change in your portfolio for that? Your intent is something different here, you wish to get out of the altcoins and get into bitcoin, which is a logical one.

So do that when the altcoin prices rise and sell them at that time to bitcoin or better yet, use an intermediary stablecoin like USDT and sell USDT for buying BTC when BTC drops. But dont focus on absurd things like one whole bitcoin one whole ethereum and so on.

For a new investors I understand owning a complete bitcoin is like a wet dream, but this is trading and here emotions and dreams have no place. It is a game of pure nerves.

[Kelvinid]

Neither I'm going to stop as it was your ambitious dream. I don't have a 1 full BTC but I'm don't want to have either.

I know your intention is good, that was a sort of motivation. You have work it hard, reach your goal, that's it. I'm also diversifying my portfolio and sell some of my holdings but it wasn't forsake to have 1 full BTC, it is was because I want to earn money. Maybe I was so practical but I believe this what we wanted and this the reason why we come here and invest in crypto.

[isaac_clarke22]

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Worse other alts value just go lesser than an atom.

@OP Just DYOR. Either you expect someone shilling their coins in here or you won't have any good advice since it is your money.
In case of doubt, go with Bitcoin.

[zanezane]

That's a difficult decision to make because OP as you have said, you are making money but going for bitcoin that will grow in the long-term in an enormous profit. The advices here OP don't necessarily apply to you because you are the only one that can decide what's going to happen next.

[tvplus006]

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

Even if the market continues its bull run, many of these coins will no longer increase in value. But given the situation that is happening in the cryptocurrency market, I can assume that all altcoins have a losing position. And if the bitcoin correction continues, these altcoins will lose even more in price than bitcoin.