As of three years to the date I am down 55% of what I could have had if I had not bought altcoins with my Bitcoin. I say this as a reminder to any newcomers to the space who may make the same potential mistakes that I have made. If you are someone new to cryptocurrencies and do not have a high tolerance for risk and loss, Bitcoin is still the winning horse and everything points towards that trend to continue. If you still want to try your hand at riskier projects I strongly encourage you to keep a minimum of 50% portfolio in Bitcoin. For anybody wishing to comment on this post please be reminded that I am not comparing the merit of Bitcoin to any other project, I am only stating it's historical performance during the past three years. I understand that some people don't like Bitcoin and that's fine. I also understand that some projects may outperform Bitcoin over the coming three years, that's fine too, there is certainly a chance.
Submitted December 09, 2020 at 02:27AM
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