Thread: Bitcoin losing it's lustre?

100% of my crypto investment portfolio was in Bitcoin for the longest time, other than the free BCASH I got from the hard fork. I rode it out into Dec, but when I started looking into other coins I really started questioning what would give Bitcoin its staying power and continued growth......I ended up moving over 75% of my holdings into 14 other coins. It has turned out to be a great move. I'm up over 30% vs where I'd be at if I just stuck with Bitcoin.

I still like Bitcoin and think it has some potential left. Especially if/when the Lightning Network and other potential upgrades pan out....but until then there are other coins that are so much better at the moment. Coins that are not only much more useful as currency (much faster trans with minuscule fees) and for anonymity, but also have much more growth potential as an investment.

Originally Posted by jsnm

Hey bro how did you move your bitcoin into other currencies? I’m looking into litecoin me a few others.


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I've been liking Binance for trading alt coins lately. They don't do cash withdrawals or deposits - you can only deposit/withdrawal in BTC. So you send your BTC from where you bought them like Coinbase or something to Binance. Then you use your BTC to by other coins.

I'm just wondering with war being so very close, if what we invest in can literally make or break you, something to think about. Sickning to get rich off of war but it happens

I'd warn against investing in more than you can lose, but as moody as this currency is it can end up anywhere, me i work to hard for my money, i like silver personally

Originally Posted by Blades22

I'd warn against investing in more than you can lose, but as moody as this currency is it can end up anywhere, me i work to hard for my money, i like silver personally

Silver was up what, 7.5%, last year?

Originally Posted by Reliable_DNP

Already happening. The IRS has been in FED court in CA for over a year seeking to enforce a subpeonae of coinbase's user records. Within the past month, the court found partially in coinbase's favor and ordered CB to provide the IRS with the records of something like their 14,000 largest customers. That coinbase is calling this a victory should tell you everything you need to know about where all the player's know this is headed. Think about it. If the IRS can compel 100 yo Swiss banks serving exceptionally wealthy customers to disclose their U.S, customers' account info, which they did, coinbase does not stand a chance.

Originally Posted by Reliable_DNP

Silver was up what, 7.5%, last year?

I unfortunately have to agree with this, Reliable. It really is a ticking clock before the FED steps in to regulate the digital currencies and begins to manipulate their values as well. The ability of the FED to force foreign national sovereign banks to comply speaks volumes as to their reach and capabilities.

Also, 7.5% is really decent growth for a "stagnate" commodity. Basically, you can never go wrong with investing in precious metals because they have an inverse relationship with the market, it is a fantastic way to diversify your portfolio and holdings.

Everything except for gold has pretty much been a rollercoaster, if your an investor it's exciting right now, and scary at same time. Btc is highly volatile, so it's going to be very interesting to say the least, yes silvers up also