Post
Topic
Board Bitcoin Discussion
Re: Which plan seems better?
by
DarkDays
on 22/03/2021, 23:41:20 UTC
Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.

Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.

HODL both obviously.

Also at what point is a hardware wallet required?

Why do you want to buy BTC and ETH,since their prices are moving in the same direction.
Real portfolio diversification means buying various assets,which prices aren't correlated to each other and are not moving in the same direction-up during a bull market and down,during a bear market.
I think that it doesn't matter if you buy BTC and ETH only or BTC,ETH and LTC.It's basically the same to me.
I'm a Bitcoin maximalist,so I would buy 100% Bitcoin and 0% altcoins. Grin
Yes, I can see what davis196 is saying. Bitcoin and ETH/LTC are quite similar. I'd go with option 2 but increase the timeframe i.e. monthly and I would recommend a switch away from LTC. If you really want an alt there are better ones out there that can increase much faster in value like ORN, DAO Maker or even Alice. It is up to you but try to diversify a little.