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Author Topic: ETH and BTC deserves the biggest space in our crypto portfolio  (Read 459 times)
S3300 (OP)
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February 28, 2022, 07:56:08 AM
 #1

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart

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February 28, 2022, 08:41:43 AM
 #2

Any specific coin that you want to touch on? Not just, in general, the "2018" thing that you are talking about. I think the best way to be on top of the market is with BTC and ETH, that's for sure. Continuously buying BTC and ETH is not bad as long as you believe in the project and you won't touch it anytime or something.

I haven't seen gowithmi or anything related to that project. What exactly happened to your brother's investment?

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February 28, 2022, 08:47:36 AM
 #3

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart

I totally agree with your opinion, because this really happened with crypto, there were a lot of altcoins that were popular back then and today are out on the exchange market and some don't have a lot of volume and prices have dropped drastically. so in my opinion to make long-term investments must have a grace period and the maximum amount of profit.

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February 28, 2022, 09:02:48 AM
 #4

Shit happens, the strongest coins that I've seen since 2017 and still have good volume plus liquidity today are mostly those that rise on their own, no ICO no IEO or what so ever, they rely on the support of the community, doge coin is a good example and even some forks of BTC, all these new altcoins that are getting released today are not to be rely on, be careful which one you decide to buy and keep for holding sake they might not even survive a year or two.

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February 28, 2022, 09:18:53 AM
 #5

I agree with you,
indeed, among the 5 biggest coins in the coin marketcap it is the benchmark, I dominate for long-term trading / invest (hodl) between btc and eth I prefer to use bitcoin with the network, of course it allows cheaper fees (affordable)
what platform is gowitmi bro?
for exchanging or saving interest-bearing assets such as defi and so on? Are there any problems that you feel outside of the advertising words on the platform's website?

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February 28, 2022, 09:24:20 AM
 #6

Yes, bitcoin and ethereum should have the largest portion in our portfolio in addition to having other investment coins. Other coins can indeed rise high and provide big profits but when compared to bitcoin, the profit is still greater in bitcoin, but it depends on how many bitcoins you have.

But gowithmi platform? What's that? If it's a new project, I hope you can be more careful if you want to invest in that project. It's better if you invest in bitcoin, which can clearly provide a large profit.

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February 28, 2022, 10:30:51 AM
 #7

it’s called natural selection if most of the projects didn’t make it to be the best among the best and sooner and later their volume decrease and will gets delisted eventually.
most of major altcoins that have relatively big market capitalization could still be holding on for long and definitely won’t go down in terms of volume that easily but most of the projects that are having relatively low market capitalization and trading volume
even after quite the moment from they are being listed, definitely have bigger chance of having its fame fading and eventually being left out, I agree, investing in major coins is a lot more guaranteed but definitely remember that the ROI will also be different.

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February 28, 2022, 11:02:41 AM
 #8

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart

I don't understand your comparison honestly, Ofcourse there will be no risk when you are selling assets in profit. It's a simple take profit, take loss and HODL in trading which is hodling is the only one incorporated with more risk. A balance portfolio should really allocate more on huge marketcap coin such as Bitcoin and ETH but still it depends on the trader preferences in terms of investment. There's an aggresive traders which usually choose huge risk but only use small amount of money as capital, There target is to gain profit in a short period of time to chase the benefits of crypto hype.

Yes I agree with you.
There is the conservative trader who is looking for more time, just like what we do here in cryptocurrency trading. The only difference is that we don't put all our eggs in one basket. We try to offset this by buying a huge amount of coins with large market capitalization but still having a portion dedicated to small coins in the market for additional income and earning due to its volatility.
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February 28, 2022, 11:52:26 AM
 #9

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart
You are definitely right. There are many projects I traded back in 2017-2018 and did pretty well back then, especially the 2017 bull market and I would have thought that these projects will continue to do good into the future but this wasn't the case, most of them are long dead or almost forgotten with low volumes. I strongly believe for long-term investment, Bitcoin and Ethereum have proven to be the best choice.
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February 28, 2022, 02:03:28 PM
 #10

~snip
just DYOR first before investing in new kind of coin

this is definitely crucial, not invest in coins that you did not proper research, or you will be rugged
it happens all the time, you sometime invest in coin and succeed, but usually you will lose your money without analysis

ETH and BTC should be least risky solution for investment, but probably lead lower profits than other coins, where risk is higher, but reward bigger as well
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February 28, 2022, 03:26:44 PM
 #11

~snip
just DYOR first before investing in new kind of coin

this is definitely crucial, not invest in coins that you did not proper research, or you will be rugged
it happens all the time, you sometime invest in coin and succeed, but usually you will lose your money without analysis

ETH and BTC should be least risky solution for investment, but probably lead lower profits than other coins, where risk is higher, but reward bigger as well

From which side do you judge if ETH and BTC the risk is small if we invest.
Do you see from the high price or from the other side.
But when it comes to altcoins, yes, the risk is big because the more we invest, the more profit opportunities for us as well as if we lose, we will lose big.
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February 28, 2022, 03:37:33 PM
 #12

Surely they are a pair everyone should have. You may be daring to take risks but you should still have a sizeable portion of stablished and trusted coins and Bitcoin and Ethereum are in the forefront. Both are community developed and arguably two of the most decentralized coins, there's a unbroken line of trust involved with both of the names and both in general are in upward trend. They would buffer and strengthen the portfolio in any trend.

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February 28, 2022, 04:01:52 PM
 #13

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart

Gowithme was just another ico hype project, with its broad concept and the team where unable to develop it accordingly, am surprise you are bringing that project up because the hype didn't last for too long before the value start depreciating and the community went suddenly quite, it seem the team already had their pocket filled and have no need to further the development of the project,
The success of a project depends on the determination of the team, don't expect to see volume when there is nothing new coming from the team.

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February 28, 2022, 04:31:51 PM
 #14

Holding both is more than enough and you just need to be a long term holder. For me both are the best, although personally I still prefer bitcoin 70% of the portfolio and the remaining 30% on Ethereum. Even so, it is undeniable that the ones who survive are the ones who have had great confidence levels over the years.

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February 28, 2022, 04:38:34 PM
 #15

It looks like selling your crypto for money when they are profitable is more safer than holding them for long,
Totally depends on the development of token. If you are holding garbage tokens for long term and that was a big mistake that you have made. The different thing when you are holding the good tokens. You must have learned if you are holding the right token or coin for long term and it can also make you become the next millionaire. Selling your legit token will not always become the best option.

my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again,
They have been made as money grabber by scammers and then expecting those garbage tokens with very bad fundamental for long term was a big mistake. I think that anyone know this so well.
the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart
The golden time for gowithmi already ended and so far this token can't even deliver the product and investors have been disappointed with it.

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February 28, 2022, 06:21:15 PM
 #16

Gowithme was just another ico hype project, with its broad concept and the team where unable to develop it accordingly, am surprise you are bringing that project up because the hype didn't last for too long before the value start depreciating and the community went suddenly quite, it seem the team already had their pocket filled and have no need to further the development of the project,
The success of a project depends on the determination of the team, don't expect to see volume when there is nothing new coming from the team.
Don't worry as it looks like he is not shilling that dead project because he already highlighted bitcoin and etherium on his title and on his main post. Only few projects that are from the year 2018 have survived this far, I think that is because there are now newer chains other than etherium.

There are even old projects that are based on etherium but are now moving to binance chain and polygon because they see that newer chains are now popular. I think the high fees in etherium is also the reason for this. If the team is willing, they will do anything to keep the project alive. We need to support projects like that, that are striving aside from investing in bitcoin and etherium.

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February 28, 2022, 08:49:36 PM
 #17

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart
It's going to repeat from time to time.

And one day soon there will be fewer cryptocurrencies in the market and the majority that stands long together with bitcoin might have not been seen yet and the rest of the top are likely to stay.

It's both safe, to sell at profit and to hold if you want to.

I'm doing both, selling when I'm in profit but I'm also holding as you've said, the biggest part of portfolio because I know that it's the best to hold on the market.

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February 28, 2022, 10:07:14 PM
 #18

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart

Of course, both BTC and ETH are prime movers, so you really need to hold them in order to make huge profits in the future. 2018 was really bad for the altcoin market, even ETH's lowest low was in 2018, but they have gain so much and for sure if you have stayed with them, you are very profitable even today, even if the price is way below their last ATH. And yes, maybe your brother just hold some shitcoin that's why it didn't do well, so we really need to invest on coins in the top 10-20 marketcap.

 
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February 28, 2022, 10:19:05 PM
 #19

It looks like selling your crypto for money when they are profitable is more safer than holding them for long, my point is only very few coins are worth holding for many years, if you still doubt about this go on coinmarketcap and look at most coins that came into this world in 2018 many of them have no volume again, the shocking one to me is gowithmi, a project that my elder brother praised so much at the time but today it's volume is not up to 50k, many projects will face same fate, be smart

Of course, both BTC and ETH are prime movers, so you really need to hold them in order to make huge profits in the future. 2018 was really bad for the altcoin market, even ETH's lowest low was in 2018, but they have gain so much and for sure if you have stayed with them, you are very profitable even today, even if the price is way below their last ATH. And yes, maybe your brother just hold some shitcoin that's why it didn't do well, so we really need to invest on coins in the top 10-20 marketcap.

I have never heard about the project, gowithmi, that the OP mentioned. But it is true that a lot of alts and tokens created way back in 2018 were long dead already. Very few are still surviving but definitely BTC and ETH are the frontrunners in this market. Because for one, the dev team behind ETH is really doing their job to innovate this network. It may have high gas fees but the team is in continuous pursuit to improve their services, whereas, most tokens were already abandoned because the main interest of their dev team was to rip off those buyers as much as they can and disappear into thin air once they pocketed the money.
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February 28, 2022, 11:13:44 PM
 #20

The problem is that many investors specially newbies thought that bitcoin and ethereum are not a good investment because the returns is too slow and you have to be a long term investors.

As compare to many coins that has a lot of promises, so they investment their money on them thinking that they will be instant millionaires. But majority of them didn't even reach have of their dreams because the coins they have invested are either pure hype or simply just a scam.

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