Quote:
Originally Posted by flames_fan_down_under
Crypto experts: do you guys diversify your crypto holdings? Or do you simply just buy bitcoin? If one goes up do all the big ones go up ? Would it make more sense to buy Bitcoin or get the ETF for some broader exposure ? I’m definitely someone who has been cynical to cryptocurrency in the past but it’s a trillion dollar industry that isn’t going away, with opportunities to make money, I feel like it would be foolish to continue to dismiss it’s legitimacy. One caveat, I see it more as an asset class than an actual alternative to fiat.
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I am far from a crypto expert but this was my experience.
Bought into about 10 different coins roughly 2.5 years ago. All fairly mainstream ones but some thar I hoped could maybe really take off like Solana.
After a while I realized they all moved together and the alt could had more risk of going to zero so I moved all of my crypto money to bitcoin only.
Sure, you could get lucky on the next dogecoin if you play the random alt coins but generally everything is moving tied to Bitcoin or Etherium.