Quote from: Mallyx on September 07, 2017, 08:39:16 AM

Quote from: Denker on September 07, 2017, 08:24:20 AM

Quote from: jeezy on September 07, 2017, 07:18:12 AM

Quote from: DieJohnny on September 07, 2017, 03:25:23 AM

Yes Bitcoin will be worth so much that every single person on this thread will be wealthy if only they can hold long enough. My guess is half of you will lose your chance chasing alt-coin wet dreams or buying a sports car with your precious BTC.

There is nothing wrong with diversifying your crypto portfolio. Stop generalizing legitimate inventions and p&d/shitcoins. But you are correct that the majority of your portfolio should be in BTC (70%)

99% of shitcoins are straight up scams! And 98% of highly centralized! Do you know how easy it would be for governments to crack them down in a second, or to corrupt and control them??!!!
So diversifying in scams who are easy targets for the incumbents would be extremely dumb!
Trade shitcoins to make more cash or more BTC and you should be fine!!!

You have 4 ways to get more BTC (or lose your BTC):

Buy with cash
Play the BTC/Fiat market
Play the BTC/Altcoin market
Play your BTC on a casino

I don't see what's your issue with the portfolio diversification.
But peoples must be ready, if BTC really rocket to 10-15k soon, nobody know how will react the altcoin markets.

I explained why shouldn't diverse into altcoins for long term! They can be cracked down easily as they generally are centralized. Example? You wanna take down Ethereum? Just get rid off Vitalik and you're done! Without Vitalik Ethereum is nothing! Kill him, put him in jail, let him disappear. Very simple. Ethereum would collapse in a matter of seconds! With 98% of other altcoins it's the same. Or you threaten the heads of those alts to implement any shit that would destroy any privacy and financial freedom. Easy to do with mostly all of them!
With Bitcoin this is mostly impossible. Even if they put all the guys from Blockstream in jail. Bitcoin is having over a thousands devs worldwide, many of them unknown. Bitcoin Core 0.15 has more than 120+ contributors!! You can not crack down Bitcoin so easy anymore. And you would have to do it in a smart way. From outside it's almost impossible right now. That's why they try from the inside. And still they fail and Bitcoin is getting stronger and stronger after each attack.
This is what you have to understand. And then you wouldn't diverse into 99% of the alts!
Litecoin, Monero may be options. But that's mostly it.