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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There’s only one expert here and that’s dino. Dino bought 10.0000000 BTC at $1100 CAD and has now 52Xed his money. So do that. Buy BTC at $1100 CAD and you too will 50X your money. It’s also going to a million, so hold so you 900X your money.
I was 100% BTC in 2012. 12 years later I’m now maybe holding 1% BTC just for the sake of not moving the entirety of it. I have shifted the rest to other areas, taking advantage of higher staking returns and providing significant diversification.