I actually took some of your opinion on bitcoin and traded 2/3 of my litecoin for it. I played the upswing in the market and made out well, considering the fluctuations.
Bitcoin is quite expensive though so it’s hard to make investments in it. Relatively speaking the price isn’t that bad compared to highs but it’s still expensive particularly when we have unit bias. I’d love to own a solitary whole bitcoin but unsure if I’ll make it to there.
Wide range here but do you own >1 bitcoin? I’m guessing so but curious. No need to tell us the full amount.
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As long as you're comfortable with your LTC/BTC move, then peace be with you!! I think diversification is really important, and having some of the kingpin of crypto as a baseline will probably be worth the while, but we all know that crypto is nuts and anything can happen. Leveraging the price action to accumulate more net tokens is brilliant. I should do that, but I don't touch my crypto really in fear of making a mistake. I made one big mistake in the past and never want to do that ever again, so I avoid it. I will probably build a little trading portfolio for fun and to challenge myself, but my core remains offline.
As for amount, I keep that private. Let's say it's between 0.0000001 and 1,000, ha. It's really important that people don't specify that publicly for safety reasons.
Understood! I hear you, I don't talk about my numerical holdings with anyone. Privacy is best.
I've been just doing some experimenting with the coins I keep; there are some that I grab just to get it while the price is low. If the price goes up considerably then my investment paid off. If they fail then it was worth the attempt. With some of the newer alt coins that are getting attention, I usually only drop $50 to grab some and see where it goes from there. With the more prominent ones, I add to them a little bit when the prices are appropriate but certainly haven't in this bit of a bull market we're fluctuating in.