Post
Topic
Board Bitcoin Discussion
Re: I sold the altcoins and invested in Bitcoin"
by
BenCodie
on 06/07/2023, 12:50:13 UTC
(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

To me this seems like a solid strategy. ETH definitely seems promising and is widely held by many huge conglomerate companies, individual investors and crypto enthusiasts alike, especially because of its use in DEFI projects, for NFTs, etc. Many of these other "shitcoins" could still get some nice pumps. Ultimately though I think long term stick with BTC. Try to diversify but in the end I think all roads will still point back to BTC. Thats just my take.

Agreed. Don't get me wrong, not condoning shitcoins at all. There are solid altcoins/tokens out there representing reliable protocols...Uniswap, Aave, Arbitrum, Polygon, etc.

1% doge/pepe maybe still worth it Cheesy

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

Fuck ETH and fuck altcoins. Most of them, including ETH, are securities because they pass the Howey test.
There were a few news about ETH last year, one explained how Vitalik dumped some of his coins onto new investors in 2022 and the other was about ETH being a security.

I say go 100% bitcoin. If that's too much for you, buy bitcoin and invest the rest in some real estate and stocks. Buy physical gold if you want, but stay away from shitcoins.

Who cares about the Howey test...we're in a completely different financial realm here. That test shouldn't completely apply to blockchain protocols imo. I wouldn't say "fuck alternatives"...I'd say there's no harm in keeping a small portion of alts/eth in the event that they 10x+ while Bitcoin does its usualy 2-6x during a bull run, which historically, has happened.