Quote from: HarmonyA on December 05, 2019, 11:13:17 PM

Quote from: Mashfiqun on November 16, 2019, 03:58:45 PM

The fact that altcoins like ETH, BCH and others are slowly gaining more use has made me thinking. If somebody were to HODL one currency, what could it be?
A 100% altcoin portfolio? Or a 100% bitcoin portfolio?
Or do you support holding multiple crypto coin holding?

I will suggest for you to spread your investment. Yes, Alts is gaining traction but suggesting the Alts that should be HODL is not ideal. When you multi hold cryptocurrency, it help you to know the best for long and short term growth. I also understand that some person would prefer holding bitcoin alone, but that would be centralized. Which when the challenges arise, the risk will be magnanimous.
Therefore, I will encourage spreading your investment on multi crypto assets.

Holding altcoins is a huge mistake, bitcoin right now is about 40% of its maximum value while most altcoins are only 10% of their maximum value, this means that bitcoin has held its value four times better than the average altcoin, we are not talking about a small difference here the difference is huge and while I have no doubt that bitcoin will eventually surpass its previous all time high I am not so sure that it's going to happen with most altcoins.

So it is obvious that the best strategy is to hold whatever bitcoin that you have as long as it is necessary for you to obtain profits but when it comes to altcoins if you decide to invest in them and you begin to notice a negative movement in those coins then you need to get rid of them.