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You're talking about a risk of losing $900 and taking a profit of $350. If you're really agonizing over such low dollar amounts I highly recommend selling right now and not investing in any more risky endeavors like cryptocurrency.
My take is that whatever happens with cryptocurrency Bitcoin will be king. Like all markets there will be the one big winner with ~40-50% of the market, a secondary with 20%, and then a thousand alternatives splitting the rest. Think Microsoft vs Apple, Coke vs Pepsi, etc. Keep a focus on individual markets not those companies as a whole. Desktop OS, sodas, etc. Microsoft makes weapons for the government and Pepsi makes chips and other bullshit. Those are different markets.
So really all you're betting on is that Ethereum is going to be the No. 2 cryptocurrency. I think that is a pretty risky bet. I'd sell everything and buy Bitcoin if you want to stay.
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[–] nospyingpls 0 points 1 point 1 point (+1|-0) ago
You're talking about a risk of losing $900 and taking a profit of $350. If you're really agonizing over such low dollar amounts I highly recommend selling right now and not investing in any more risky endeavors like cryptocurrency.
My take is that whatever happens with cryptocurrency Bitcoin will be king. Like all markets there will be the one big winner with ~40-50% of the market, a secondary with 20%, and then a thousand alternatives splitting the rest. Think Microsoft vs Apple, Coke vs Pepsi, etc. Keep a focus on individual markets not those companies as a whole. Desktop OS, sodas, etc. Microsoft makes weapons for the government and Pepsi makes chips and other bullshit. Those are different markets.
So really all you're betting on is that Ethereum is going to be the No. 2 cryptocurrency. I think that is a pretty risky bet. I'd sell everything and buy Bitcoin if you want to stay.
[–] EpiPendemic [S] ago
Thanks for the advice seems sound and makes sense to consolidate all my cryptos to bitcoin.
[–] lord_nougat 0 points 1 point 1 point (+1|-0) ago
What, no way. Everyone agrees that you should consolidate all your cryptos to dogecoin!