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Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?
« on: Today at 07:06:21 PM »few dollars in the past(spare money), although not really in bitcoin, but in a particular coin I can't remember again.Most of us have made many mistakes related to expectations of an ALTS in the market instead of being satisfied with the potential of BTC and ETH. Holding an ALTS from this cycle to the next cycle is not the right decision, or at least it comes with too much risk because that token may never reach a new ATH and only bring losses and missed opportunities for the holder.
I had my first investment in a coin I did not have much idea about because a friend told me to. Which I later had a loss investment because I intended to hodl it for a long, which I am not supposed to since altcoin is meant for a short term.
Ever since that experience, I realized that for investors to have a long investment in bitcoin, they invest in bitcoin rather than altcoins. That made me have my portfolio to be at least more of bitcoin(80%) than altcoins(20%). That way the little investments made in the crypto market are safe and I am sure of making profits in the future.
As you said, BTC (and possibly ETH) should make up the majority of the portfolio to ensure safety and a decent profit for the investor. Unfortunately, greed often leads investors to decide to go the other way: sell BTC and buy a lot of ALTS with the expectation of x50 x100 in a cycle. The recent recovery phase has given us a clear answer: BTC.D is up, meaning BTC has performed better than most ALTS in the market. I believe your portfolio with 80% in BTC has brought you great returns, congratulations!