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Having read a thousand rabid forum posts over the last week, I get the feeling people will hold for decades regardless of short term changes or regulation. They
by heurist 9y ago
Having read a thousand rabid forum posts over the last week, I get the feeling people will hold for decades regardless of short term changes or regulation. They think there is unlimited upside as it eats into gold and fiat, so it's only rational told hold until the new world order comes and everyone in the world is using bitcoin. I'm hard pressed to disagree. But diversification is important. Best strategy I've seen so far is to take some bitcoin profit and put a chunk into altcoins and the rest into dividend producing equities.
- bringtheaction 9y agoI hold a diverse portfolio. In my experience when the price of bitcoin falls, the alts fall too. Additionally, if I'd held bitcoin only I'd have greater dollar value today. If my alts were protecting me I'd be happy to sacrifice the greater growth I could have seen but honestly I am not so sure that I am protected at all. I believe in the usefulness of the blockchain and related technologies though, and I am certain that adoption among businesses of said technology will only keep rising. I don't know if the crypto currencies have a future though. And even if they do I don't know if they will ever be priced as highly again as they are now. I hope they do, but if my portfolio fell to $0 tomorrow I'd be bummed out but it wouldn't be critical.
- Terretta 9y agoCan’t just be “alt” coins. Harvest profits and put into multiple uncorrelated premises or theories of how digital value works.