Concentrating heavily into BTC

[Hamza2424]

OP, having maximum Bitcoin never guarantees you that you'll end up with the most efficient returns but it supports the newbies with reliability that they won't end up in a rug pull.

Good to hear about past picks, but TBH this is my first ever entry in this cycle as mentioned previously for 3 to 4 years crypto was a part-time learning domain for me, still I'm not a pro but I can pick some strategies and coins to invest and I've tried different thing many were not working some were good enough to make me happy, but currently I'm 70% in Bitcoin, and I'm waiting for a good time to balance my holding with a 50% BTC 25% ETH and the rest in different alts. My portfolio is not so big but yup I'm hopeful to make it big at the end of the cycle.

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

[Z-tight]

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

I don't believe in the potential that so many people see and talk about in altcoins, i consider them to be very risky and only a few provide huge multiples, while most others fail. When i diversify, i buy BTC and things like real estate or gold, i don't really diversify into the altcoin market and i will recommend newbies to do the same, but each to their own.

[Silberman]

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

I don't believe in the potential that so many people see and talk about in altcoins, i consider them to be very risky and only a few provide huge multiples, while most others fail. When i diversify, i buy BTC and things like real estate or gold, i don't really diversify into the altcoin market and i will recommend newbies to do the same, but each to their own.

The issue here is that very often when people think about altcoins they think about the meme coin that pumped 100x and how some people became rich with a small investment, but at least to me, a healthier way to think about them is to average down their growth, so even if a coin out of a hundred made such huge move, the average growth of altcoins will be a negative number, as a great deal of them disappear and many others never experiment any kind of significant growth, showing that on average altcoins are an awful bet.

[BIT-BENDER]

I like the fact that you made it clear about it being a probability. This is where many fails especially in the period where all hopes are surging high concerning Bitcoin and crypto-currency in general. It's best to easy the nerves of many so as not to create breathing grounds to panic buys.

Let's not be carried away at this time. There has been many activities especially with the new way of mining (tapping Mobile devices) recently many popular by  Notcoin Many has tilted towards that direction.and all this could be a big fluke. But with history the early birds to a trend has the largest cake but yet nothing is promised.

[Zaguru12]

OP, having maximum Bitcoin never guarantees you that you'll end up with the most efficient returns but it supports the newbies with reliability that they won't end up in a rug pull.

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

With a maximum bitcoin holding I will say you have a safer landing or a softer landing. In the upcoming bull run I don’t think see bitcoin going way above 3 from the current halving. But Atleast a 2x is kind of likely. Should he not go that far you have your funds in an assets that wouldn’t devalue which is there is no way it is going to a zero. But with Altcoins you are definitely taking a huge risk.

Altcoins has OP said has been far too spread and this means demand wouldn’t be concentrated on most of them. If you look at even the narratives thrown around you will see many divergence. May had there narratives around AI tokens right now the likes of RWA and GameFI coins/tokens are now been considered which wasn’t the case in the past halvings.

My portfolio segmentation is just as pretty as yours, maximum bitcoin and few of the top ten cryptocurrencies as the rest of the main bag. Others can be treated as pure gamble.

BTC>There is no second best —Saylor.

I am sure you haven’t heard his latest video after Ethereum got its ETF approved. You should do before affirming for him

[mirakal]

There's a huge potential in alt coins but due to super crazy trends, I'm a bit confused so still holding Bitcoins as a guarantee of stability.

I don't believe in the potential that so many people see and talk about in altcoins, i consider them to be very risky and only a few provide huge multiples, while most others fail. When i diversify, i buy BTC and things like real estate or gold, i don't really diversify into the altcoin market and i will recommend newbies to do the same, but each to their own.

There are still a few profitable altcoins that can be found but if we talk about security and risk, that is really the usual concern by most.
That is why BTC is highly recommended, although it was not a high multiplier in terms of profit gain but it surely won't disappoint us. Those who suffer losses from investing in bitcoin are probably for another reason, mismanaging funds and panic selling.

I invest more in bitcoin than altcoins and I don't see any problem with it. It is just how we look into every opportunity that the marker gives us. But if we are investing for the long-term, we should choose bitcoin.

[Darker45]

The interesting thing is that Bitcoin has already reached a certain level from which x2 or x3 will take a much longer time. If we take this into consideration, is it not, then, worth it to risk on altcoins today more than the previous years? The catch, however, is that it was much easier back then to make gains from altcoins. Today, it's much harder.

I also used to risk on altcoins. I've made money. I've made Sats. But I think I would have been more profitable had I focused only on Bitcoin. I was into it when Bitcoin still had so much potential in terms of price growth. I got the wrong timing. I lacked foresight, just like many of us, and failed to concentrate on it while it was still so cheap.

While hitting that x100 prospect today is like looking for a needle in a haystack, since Bitcoin can hardly even double, will it be a reasonable venture? Today, I'm lazier in terms of altcoin hunting. I'm also a little bit contented of what I've reached so far. It seems I'm already good adding a few more Sats every now and then.

[mk4]

OP, having maximum Bitcoin never guarantees you that you'll end up with the most efficient returns but it supports the newbies with reliability that they won't end up in a rug pull.

Yes, but investing has never been about having the most returns anyway; it's making bets with great risk:reward profiles.

The interesting thing is that Bitcoin has already reached a certain level from which x2 or x3 will take a much longer time. If we take this into consideration, is it not, then, worth it to risk on altcoins today more than the previous years? The catch, however, is that it was much easier back then to make gains from altcoins. Today, it's much harder.

I also used to risk on altcoins. I've made money. I've made Sats. But I think I would have been more profitable had I focused only on Bitcoin. I was into it when Bitcoin still had so much potential in terms of price growth. I got the wrong timing. I lacked foresight, just like many of us, and failed to concentrate on it while it was still so cheap.

While hitting that x100 prospect today is like looking for a needle in a haystack, since Bitcoin can hardly even double, will it be a reasonable venture? Today, I'm lazier in terms of altcoin hunting. I'm also a little bit contented of what I've reached so far. It seems I'm already good adding a few more Sats every now and then.

Yep. People were totally underestimating how hard it is to pick the right altcoins back then, and it is even significantly harder now.

The problem with most people is they want to just get rich off bitcoin/crypto. Whereas the best thing to do for most people is to just have a normal job/business and use the earnings to stack bitcoin to boost their wealth.

[ultrloa]

The interesting thing is that Bitcoin has already reached a certain level from which x2 or x3 will take a much longer time. If we take this into consideration, is it not, then, worth it to risk on altcoins today more than the previous years? The catch, however, is that it was much easier back then to make gains from altcoins. Today, it's much harder.

I also used to risk on altcoins. I've made money. I've made Sats. But I think I would have been more profitable had I focused only on Bitcoin. I was into it when Bitcoin still had so much potential in terms of price growth. I got the wrong timing. I lacked foresight, just like many of us, and failed to concentrate on it while it was still so cheap.

While hitting that x100 prospect today is like looking for a needle in a haystack, since Bitcoin can hardly even double, will it be a reasonable venture? Today, I'm lazier in terms of altcoin hunting. I'm also a little bit contented of what I've reached so far. It seems I'm already good adding a few more Sats every now and then.

Yep. People were totally underestimating how hard it is to pick the right altcoins back then, and it is even significantly harder now.

The problem with most people is they want to just get rich off bitcoin/crypto. Whereas the best thing to do for most people is to just have a normal job/business and use the earnings to stack bitcoin to boost their wealth.

Because the problem at the moment is there's a lot of scams than profitable altcoins right now that's the reason its hard to decide nor trust on which altcoins we are going since we don't know if their projects will continue to prosper and can able to give us good possible returns. That's why same for other people I usually go with bitcoin since from this coin I don't have any worries to experience any rug pull and can able to let it stay on my wallet then aim to sell it for long term.

But if you have chance to gather altcoin thru airdrops then gain profit then its good since we have extra funds which we maybe could afford to lose on altcoins then try our luck their or just continue to accumulate bitcoin then let your participation on airdrops dictate if you can earn something with those alts.

They need to know that bitcoin is not easy quick reach schemes that's why they should never rely on it and your right just use this coin for investment since if they gain profit then provably with that they can boost their wealthy by the help of their bitcoin earnings.

[Solokan]

there are altcoins and there are also bitcoins, but of course there are many who like bitcoin, but there are also many who like altcoins and of course there are quite a few who get big profits from altcoins. However, many of the profits from Altcoins are also used to buy BTC and it seems like what you are doing is a good thing because BTC is a valuable asset and so far no one has been disappointed with Bitcoin while holding it in the long term.

It is certain that when compared with the past such as 2017, the number of Altcoins can still be said to be small, so it is not surprising that the price always rises high at that time and lasts for quite a long time. but in my opinion now we definitely have to be careful because buying Altcoins now has to be really calculated and of course the price is not what it used to be because now the price is always being pushed down because there are so many Altcoins now. Yes, of course in this case it depends on us who chooses.

Yes, I agree with what you did. The point is that Bitcoin is currently the safest and of course altcoins don't necessarily guarantee us big profits because of the big risks, but Bitcoin has so far provided many benefits for those who are patient.

[Alpha Marine]

Regardless, anyone can pick altcoins (shitcoins) and make it out with them but the current situation of this bull run in my opinion is a good reason that people should concentrate more on Bitcoin, having at least 85 -90 % of their assets in bitcoin, than spread their attention in what may not end well. the 2017 bull run is definitely different from 2024.

I have never been one to state what percentage of a person's income, investment or crypto holdings should be in Bitcoin, but I have always maintained that more percentage of crypto holdings should be in Bitcoin. I can't give a number because there's no definite percentage of how much of it should be in Bitcoin and how much should be in altcoins. Each person has to do what is best for them, but what we can agree on is that more concentration should be on Bitcoin.

Like OP said, there are just too many coins and tokens out there, you can't even keep track of half of them if you wanted to. It's as if more tokens are introduced every single day. This may in turn make it impossible for every coin to grow during the bull run because the people will diversify their investments which would affect altcoins generally.

[Casdinyard]

First, some context: I am in no way a Bitcoin maximalist — I think there's some value outside of Bitcoin, but ultimately BTC is my 'main' crypto holding and every profit I make with altcoins has always been exchanged back into BTC.

In crypto bull markets, the common opinion is that in a full-blown bull market, pretty much everything goes up unison. This is based on crypto's general performance back in the last bull market of 2017.

The thing is, people seem to expect the same thing in this cycle. Do I think it will be the same whereas pretty much everything goes up? I don't think so. Capital and attention are too spread out and too diluted.

Compared to 2017 — as if we didn't have so many coins/tokens already back then, we have far more coins and tokens now; we're talking huge multiples more coins/tokens. Money will be too spread out this cycle that price pumps will likely be heavily suppressed.

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

Will there still be altcoins that will achieve huge multiples? There will always be such altcoins.

Will I be right? Maybe, maybe not. Time will tell.

Honestly this just made me second guess myself lol. The thing is I have been an altcoin fanatic ever since I made bank back in 2020, but historically I made millions thanks to the bitcoin ATH back in 2016. This bull season I was thinking of doing the same thing, invest a couple on bitcoin just to keep my foot on the door and I don't lose out too much cause bitcoin, and then most of my assets are diversified to whatever is the hot shit in the bull season. This year I'm putting my bets on RWA cause I just like the concept of having a "collateral" which will make sure projects just can't run away whenever, but I might pull out or invest more on bitcoin from here on out. Altcoins are risky and taking that risk when the whole market's diluted as you're saying just do not make sense at least for me.

[mk4]

Because the problem at the moment is there's a lot of scams than profitable altcoins right now that's the reason its hard to decide nor trust on which altcoins we are going since we don't know if their projects will continue to prosper and can able to give us good possible returns. That's why same for other people I usually go with bitcoin since from this coin I don't have any worries to experience any rug pull and can able to let it stay on my wallet then aim to sell it for long term.

It's not even the scam or not-scam argument — even if everything is legitimate(it's obviously not), it's just the simple fact that there are so many more altcoins today that everything is diluted.

Altcoins are risky and taking that risk when the whole market's diluted as you're saying just do not make sense at least for me.

What specifically doesn't make sense in your opinion? Never said that altcoins weren't risky.

[Zigabel]

I buy into your idea as I could notice some fact in it, back then in 2017 the numbers then and now aver very much different and  that is something we cannot make disparities about, if the market experience a massive bull run and is to push everything up along most definitely the investment into other Altcoins that would have helped them move with the wave has literally be spread amongst other new coins,/tokens been introduced in the market a d so the chances that this works as it should becomes slim or more likely the profits gets less than expected because the pool is now bigger and the investment ahs generally been splitted across board. Bitcoin still remains the best pick and stable for most crypto investment and for that reason I see Altcoins as gambling so I make sure to major in bit coin alone.

[Dunamisx]

Will there still be altcoins that will achieve huge multiples? There will always be such altcoins.

Will I be right? Maybe, maybe not. Time will tell.

There are been times whereby we see some altcoins performing than bitcoin could attempt to, but that doesn't mean that the way they have taken to rise to such expect they wont still take same in coming down, the fear of missing out is what people are being scared with some of these altcoins, bitcoin market cap alone is far fetched compared to all altcoins we have, we may not be able to predict on what the future can have to offer us but we can also uses what we have now in predicting against the future offers, bitcoin is what we have now and we cant expect any other for now except there be such which can beat the market volume and capitalization of bitcoin.

[Parvati_j]

BTC>There is no second best —Saylor.

Indeed there is no second best, even the king of altcoins is nothing compared to bitcoin its market cap and price is not upto half of that of Bitcoin. Hence Bitcoin has over performed and dusted all cryptocurrency. Most investors compare Bitcoin with tokens and meme coins but they forget that most of those project only last for a short duration of time compared to bitcoin that has lasted for over a decade now.

[justdimin]

The interesting thing is that Bitcoin has already reached a certain level from which x2 or x3 will take a much longer time. If we take this into consideration, is it not, then, worth it to risk on altcoins today more than the previous years? The catch, however, is that it was much easier back then to make gains from altcoins. Today, it's much harder.

I also used to risk on altcoins. I've made money. I've made Sats. But I think I would have been more profitable had I focused only on Bitcoin. I was into it when Bitcoin still had so much potential in terms of price growth. I got the wrong timing. I lacked foresight, just like many of us, and failed to concentrate on it while it was still so cheap.

While hitting that x100 prospect today is like looking for a needle in a haystack, since Bitcoin can hardly even double, will it be a reasonable venture? Today, I'm lazier in terms of altcoin hunting. I'm also a little bit contented of what I've reached so far. It seems I'm already good adding a few more Sats every now and then.

While you are right, going down 100%-ish is also near impossible for bitcoin while it is quite possible for most alts, there are only just a very few alts that people can say won't go away, whereas most others could just be gone. This means that when you invest into bitcoin, you may not get rich overnight, but you could make a lot of money from it.

Plus, we are talking about all time high not getting broken by 10x, but you could always make 10x from bitcoin as well. How? Well just last year or the year before that I think, we bottomed at around 15-16k, that means if we reach 150k that would be 10x return from the bottom. So if you end up finding the bottom and invest accordingly, then you are going to be fine in the end.

[Assface16678]

BTC>There is no second best —Saylor.

Indeed there is no second best, even the king of altcoins is nothing compared to bitcoin its market cap and price is not upto half of that of Bitcoin. Hence Bitcoin has over performed and dusted all cryptocurrency. Most investors compare Bitcoin with tokens and meme coins but they forget that most of those project only last for a short duration of time compared to bitcoin that has lasted for over a decade now.

That is a fact. Although many investors want to compare any other coins to bitcoin, it is still impossible for a new coin or other existing coins to match the power of bitcoin. But although bitcoin is the sure thing, we can also take advantage of the other cryptocurrency out there, especially those coins that have the potential to give us profit. I get that focusing solely on bitcoin can be beneficial and is the right thing to do if you want to secure some good profits, but in order to have incomes or profits while going long-term for bitcoin, you will need those altcoins, meme coins, or even shitcoins if you know how to do so. For me, I majorly focus on bitcoin, but if there's a chance that I see other coins with a good chance of profit, I will take a risk with them, and so far, I only have a few losses when it comes to meme coins and shit coins.

[GreatArkansas]

(...)
The thing is, people seem to expect the same thing in this cycle. Do I think it will be the same whereas pretty much everything goes up? I don't think so. Capital and attention are too spread out and too diluted.

Dang! I was one of them, I am really thinking the same this because I experienced the 2017 parabolic run we did where everything just went up and since last year, I have been expecting to happen it again.
I'm just glad that the majority of my bag is in Bitcoin, and I just realized, I should've put it all in Bitcoin because I computed, I should've gained more if it's on Bitcoin.
Anyways, lesson learned, this time I improved compared to 2017.

[mk4]

Update: Quite lucky with the timing. I started the first batch of my shorts(L2s) on the 28th of May, while at the same time having an equal amount of longs with majors(BTC/ETH/SOL, mostly BTC. only have a smaller amount of ETH and SOL as a bet on the ETFs).

As of today, the L2s are down bigly while the majors are just down slightly(except for SOL). Up quite a good amount; will continue holding my position.