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Author Topic: How much % of your assets are allocated to crypto?  (Read 9008 times)

Offline Dr.Bitcoin_Strange

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Re: How much % of your assets are allocated to crypto?
« Reply #195 on: May 19, 2024, 08:54:05 PM »
When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
Like you've rightly stated, bitcoin is the safest and most profitable crypto asset to HODL, and if you ever feel the need to diversify your investments, you could consider buying other assets, such as gold, silver, even real estate assets as they're also very safe and have the potential for future growth, rather than gambling with your money by filling your wallet with ticking time bomb tokens that could be dumped anytime along with your money.

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Re: How much % of your assets are allocated to crypto?
« Reply #195 on: May 19, 2024, 08:54:05 PM »

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Offline alltalk

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Re: How much % of your assets are allocated to crypto?
« Reply #196 on: May 19, 2024, 09:13:13 PM »
When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Each investor has their own target, they have own term about the success. We can generalize it, some of them aren't the typical of people who like diversification. So, they don't want to have a lot of coins in their portfolio. I think it is no problem to have many coins or even a single coin, it depends on the interest of an individual. The main point is what coin we are investing, this will determine the success. If we are holding Bitcoin, we still have a chance to succeed although we are holding a single coin only. But if we are holding shitcoins, the chance for a success will be very small even if we are holding many shitcoins. So, it is not about the number of the coins but it is about what coins we are holding.

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Offline Rubel007

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Re: How much % of your assets are allocated to crypto?
« Reply #197 on: May 19, 2024, 11:03:41 PM »
When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
I totally agree with you that if we don't choose the right coins to invest  then there is little chance of our investment being profitable. There is no alternative to Bitcoin in terms of investment. Those who hold Bitcoin for a long time will surely get the maximum benefit from Bitcoin. There are some altcoins that will show promising results to investors in the future. Investing in coins that will give an investor a higher chance of long-term profit.

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Re: How much % of your assets are allocated to crypto?
« Reply #198 on: May 20, 2024, 06:22:17 PM »
When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
Like you've rightly stated, bitcoin is the safest and most profitable crypto asset to HODL, and if you ever feel the need to diversify your investments, you could consider buying other assets, such as gold, silver, even real estate assets as they're also very safe and have the potential for future growth, rather than gambling with your money by filling your wallet with ticking time bomb tokens that could be dumped anytime along with your money.
Some investors don't know that filling their bags with shitcoins is an avenue to more losses rather they think that it is the best. Bitcoin is the only secured digital currency that can give us the rest of mind when investing in it, because hodling for a long term gives more profit to your bitcoin portfolio. If one must diversify, let it be a different asset entire that is not of the same line.

Offline Jamal Aezaz

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Re: How much % of your assets are allocated to crypto?
« Reply #199 on: May 20, 2024, 07:54:33 PM »
I totally agree with you that if we don't choose the right coins to invest  then there is little chance of our investment being profitable. There is no alternative to Bitcoin in terms of investment. Those who hold Bitcoin for a long time will surely get the maximum benefit from Bitcoin. There are some altcoins that will show promising results to investors in the future. Investing in coins that will give an investor a higher chance of long-term profit.

If you have knowledge about crypto then you will choose a good coin but if you don't know how to choose a coin then hopefully you will not find anything useful from crypto investment. There are thousands of coins originated in the crypto world and still are originating but not a single coin can become more money making than bitcoin.

Selection of coins and knowledge of buying and selling time have a greater impact on your success so whenever you desire to buy any coins then try to know whether this will be good for the long term or is a better choice for short term investment.

According to my Knowledge most of the altcoins are good if you don't keep it longer than a time when it gives you a profit but Bitcoin is the only  coin that increases in its value as long as you keep it holding.
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