Re: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 UPD | Instant ▱ Incentivized ▱ Innovative

By the way, what is the most secure place to store the btc?

From my side,definitively,I hold all my btc on VNL

So you are recommending a portfolio that is not diversified?

That's funny. People here are acting like they are big investors. "O M G :O :O You are not diversifying? Its #1 rule." It's not a fricking Wall Street, you're not buying bonds to earn 4% per year, it's a casino. What do you want to diversify? Your risk is 100% on whatever coin you invest. Especially when you invest in altcoins, because you also have to follow bitcoin's price. Information assymetry is huuuge. Just decide how much you want to risk and diversify between crypto and other investments. Find a coin with best risk/reward ratio, take a gamble and don't hold it for too long.

VNL is a great investment. I don't really see it going lower and has huge potential for growth. Risk/reward is outstanding. Why would I buy DASH or other shitcoins if there is literally very low potential for growth and risk is the same? This really doesn't make sense to hold more than 2-3 coins, because generally all of them are losing value with the passing time, so I don't want to follow this pattern.

Doesn't matter if it's wall street or not. If you don't diversify, you are gambling.

There are several coins that are good stores of wealth.

Thanks for the discertation, but please, no one listen to this fool.

You are gambling on every coin. The only diversification which makes sense is between crypto and real investments.

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There are several coins that are good stores of wealth.

The only thing it takes is bitcoin to go from 420 down to 200. There goes your good store of wealth. LOL Cheesy

If someone doesn't understand the amount of risk which he takes by investing in a cryptocurrency then the discussion is just a waste of time. If you diversify between the highly correlated instruments with the very high rate of risk you only thinking you're not gambling and fooling yourself. Of course diversification lowers your risk(when you are investing and you know what the word "correlation" means Cheesy

), but it also cuts your potential gains and when the risk is that high you don't want to do that.

I wish you best of luck anyway.

So you are saying that because the cryptosphere is so risky, diversification is not important?

I'd still rather diversify my risks.

And I never said btc was a good store of wealth.

I like your use of vocabulary though. Makes you look intelligent.