Should i spread out Bitcoin to other cryptos?

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  • Otters27
    BARRELED IN @ SBR!
    • 07-14-07
    • 30760

    #1
    Should i spread out Bitcoin to other cryptos?
    I converted some to ether and lite but am thinking maybe small stake in Ripple and Bitcoin Cash
  • pablo222
    SBR Hall of Famer
    • 01-03-19
    • 8858

    #2
    I 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
    • DR225
      SBR MVP
      • 02-24-11
      • 2010

      #3
      No, 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
      • Bcatswin
        SBR Posting Legend
        • 12-21-10
        • 13931

        #4
        Wouldn't be bad
        Comment
        • Otters27
          BARRELED IN @ SBR!
          • 07-14-07
          • 30760

          #5
          Went small on bit cash and ripple and medium on lite and ether
          Comment
          • chidondollars
            SBR MVP
            • 06-12-11
            • 1296

            #6
            Otters 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 $120
            Comment
            • eaglesfan371
              SBR MVP
              • 01-08-19
              • 4079

              #7
              Just 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
              • Otters27
                BARRELED IN @ SBR!
                • 07-14-07
                • 30760

                #8
                Originally posted by eaglesfan371
                Just another form of gambling. Just once, stick to what you said and do yourself a favor. Cash out and stay out for a month.
                Ya. 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
                • sweethook
                  SBR Posting Legend
                  • 11-21-07
                  • 12667

                  #9
                  if you young hold it tight . sky's the limit boys
                  Comment
                  • lonegambler23
                    SBR Hall of Famer
                    • 06-22-16
                    • 9760

                    #10
                    otters 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
                    • jjgold
                      SBR Aristocracy
                      • 07-20-05
                      • 388179

                      #11
                      No

                      Do not even leave much on wallets
                      Theft always a possibility
                      Comment
                      • Otters27
                        BARRELED IN @ SBR!
                        • 07-14-07
                        • 30760

                        #12
                        Originally posted by lonegambler23
                        otters 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..
                        I left 33 dollars in 5 dimes. Have quit for the health of my brain for a bit
                        Comment
                        • shocka1212
                          SBR Posting Legend
                          • 10-06-12
                          • 16788

                          #13
                          id keep the portfolio predominantly bitcoin... 60% atleast... for smaller holds, take a look at BNB.. still a lot of room there
                          Comment
                          • Bsims
                            SBR Wise Guy
                            • 02-03-09
                            • 827

                            #14
                            Originally posted by Otters27
                            I converted some to ether and lite but am thinking maybe small stake in Ripple and Bitcoin Cash
                            If you are considering investing in other coins, have a look at the following chart http://bit.ly/2K6UOHJ
                            It has the growth rate of the top 2 dozen coins over each of the last 6 quarters.

                            Comment
                            • raiders72001
                              Senior Member
                              • 08-10-05
                              • 11142

                              #15
                              Originally posted by shocka1212
                              id keep the portfolio predominantly bitcoin... 60% atleast... for smaller holds, take a look at BNB.. still a lot of room there
                              Agree for the most part. I'd say 50% BTC but I'd also throw in ADA to go with BNB.
                              Comment
                              • Memento
                                SBR MVP
                                • 01-28-15
                                • 1192

                                #16
                                I 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
                                • ClimbSomeRocks
                                  SBR MVP
                                  • 11-04-09
                                  • 1081

                                  #17
                                  No.

                                  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
                                  • clockwise1965
                                    SBR Hall of Famer
                                    • 10-01-13
                                    • 6753

                                    #18
                                    No imo.
                                    Comment
                                    • Bsims
                                      SBR Wise Guy
                                      • 02-03-09
                                      • 827

                                      #19
                                      Originally posted by ClimbSomeRocks
                                      No.
                                      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.
                                      My 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
                                      • raiders72001
                                        Senior Member
                                        • 08-10-05
                                        • 11142

                                        #20
                                        It 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
                                        • lonegambler23
                                          SBR Hall of Famer
                                          • 06-22-16
                                          • 9760

                                          #21
                                          otters MIA
                                          Comment
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