I converted some to ether and lite but am thinking maybe small stake in Ripple and Bitcoin Cash
Should i spread out Bitcoin to other cryptos?
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Otters27BARRELED IN @ SBR!
- 07-14-07
- 30760
#1Should i spread out Bitcoin to other cryptos?Tags: None -
pablo222SBR Hall of Famer
- 01-03-19
- 8858
#2I did the same. Got into eth and lite, but not till mid June. Still holding way higher amount btc. Eth and lite are said to make runs soon. Who knows but I'm holding.Comment -
DR225SBR MVP
- 02-24-11
- 2010
#3No, that's another way of gambling. Just cash out your bitcoin at coinbase or another place with less fees. Or you could buy gift cards with the btc and use that for groceries or whatever other expenses.Comment -
BcatswinSBR Posting Legend
- 12-21-10
- 13931
#4Wouldn't be badComment -
Otters27BARRELED IN @ SBR!
- 07-14-07
- 30760
#5Went small on bit cash and ripple and medium on lite and etherComment -
chidondollarsSBR MVP
- 06-12-11
- 1296
#6Otters no need of investment if you are not paid.Bitcoin or any other crpto is HYIP.HYIP PROGRAMS are risky as gambling better cash out and start another incredible run with $120Comment -
eaglesfan371SBR MVP
- 01-08-19
- 4079
#7Just another form of gambling. Just once, stick to what you said and do yourself a favor. Cash out and stay out for a month.Comment -
Otters27BARRELED IN @ SBR!
- 07-14-07
- 30760
#8Ya. That's what I did. Cashed out to bitcoin. Bitcoin is where my original deposit came from. I basically borrowed from my Bitcoin account to make these bets. Just using the surlpus on other cryptos.Comment -
sweethookSBR Posting Legend
- 11-21-07
- 12667
#9if you young hold it tight . sky's the limit boysComment -
lonegambler23SBR Hall of Famer
- 06-22-16
- 9760
#10otters feining some sort of rush. why dont u just keep 100 in your acct lol why do u have to quit? u just won alot man..Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388179
#11No
Do not even leave much on wallets
Theft always a possibilityComment -
shocka1212SBR Posting Legend
- 10-06-12
- 16788
#13id keep the portfolio predominantly bitcoin... 60% atleast... for smaller holds, take a look at BNB.. still a lot of room thereComment -
BsimsSBR Wise Guy
- 02-03-09
- 827
#14
It has the growth rate of the top 2 dozen coins over each of the last 6 quarters.
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MementoSBR MVP
- 01-28-15
- 1192
#16I would stick with BTC until it moves above 20k....then I might add to your ETH and LTC positions. Nothing much outside those coins in the next 6 months looks promising.Comment -
ClimbSomeRocksSBR MVP
- 11-04-09
- 1081
#17No.
I've held over 70 different cryptos at one time. I lost money on all of them. If I would have been just holding bitcoin, I'd have 40% more bitcoin than I do.
Altcoins will probably go on another run when your barber, cab driver, and everyone in the office is talking about bitcoin again. That said, it is significantly more risky to hold alts and unless you're a professional trader, you'd be wise not to dabble.
After playing and interacting with many different blockchains, I personally believe that BTC will be top dog (network effects). Monero is basically the only other coin I'd even consider holding. Dash has a cool governance model, but the launch was a bit sketchy. EOS and ETH may have utility, but you'd probably be better off holding BTC and converting a very small amount to EOS or ETH right when you are using them. EOS isn't easy to use yet.
How hard are you trying to gamble? Oh, and Ripple (XRP) is 100% a scam. Avoid that one, tether, BCH, and TRX.Comment -
clockwise1965SBR Hall of Famer
- 10-01-13
- 6753
#18No imo.Comment -
BsimsSBR Wise Guy
- 02-03-09
- 827
#19My natural instinct is to agree. However my current technical analysis project has taken an unexpected turn. It'll be a few more days before I can verify what I'm seeing. I'll discuss this when I'm comfortable with the results.Comment -
raiders72001Senior Member
- 08-10-05
- 11142
#20It depends on your risk tolerance and goal. BTC is safe. If you are looking for a 100x profit, then you'll need an alt.Comment -
lonegambler23SBR Hall of Famer
- 06-22-16
- 9760
#21otters MIAComment
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