goldbug1

BTC vs BCH vs DASH - Addition to the Core Portfolio

BITFINEX:BCHUSD   Bitcoin Cash / Dollar
During the radio show this week, one of the long time miners and entrepreneurs in the crypto space made an interesting statement during a segment concerning Bitcoin Cash             . It set me back in my thinking and the following day I spent a good half day doing additional research into the coin to see if I needed to add this to my core long term portfolio. What really blew my mind was his statement that Bitcoin Cash             was really what Satoshi had envisioned for bitcoin             and that bitcoin cash             with less fees, faster processing, and larger block size limit was more in the spirit of the original white papers then bitcoin             itself. Ok that's quite a statement, but this guy is not only an early miner but a code developer as well. So who am I to argue. In fairness my buddy on the show believes ETH' is the best bet in competing with bitcoin             and they have added it to their ATM's in addition to DASH' and Bitcoin             . (market penetration)

In doing my research I came across numerous articles but one really stood out. It was the final nail in the coffin so to speak in why I have added a position of bitcoin cash             in my core portfolio. Now where bitcoin             goes from here is anyone's guess, and I'm not anti bitcoin             , but when arguments are valid you must put emotions aside and think rationally, after all it's about Benjamins and not how you feel about a specific equity. Ok at first I thought it was an anti bitcoin             conspiracy, but as I read I realized that many of the points were valid. Of course I'm not dumping bitcoin             and sinking it into cash as bitcoin             I believe is still the leader, and will be a store of wealth vs a core currency. Similar to gold             vs fiat currencies. The article was titled "Bitcoin Cash: How it's going to Triple My Net Worth".

Three valid arguments were made in this article that hit a tune with me.
#1 - Bitcoin cash             is faster and the fees are cheaper than bitcoin            
#2 - Litecoin already implemented Segwit so why copy litecoin?
#3 - Large mining operations are dumping money into Bitcoin cash             at a loss (ok this got my attention)

But then for peer to peer there is also DASH'
Well though many disagree I like Dash' and it is part of my core holdings as it has a working product and market penetration, However, unlike litecoin it is not available through coinbase so I own both.

So why add bitcoin cash             when you have dash? Well another key point and the reason I own litecoin is coinbase is adding the long awaited bitcoin cash             wallet. This means the average guy investing does not have to risk money on these dark exchanges. Yes you can buy directly and store it in their vault which is insured by Lloyd's of London. It also has name recognition ( bitcoin             ) and anything that may go airy during the upcoming fork, or a divide among miners may have an impact to the positive for bitcoin cash             as detailed in the article.

I also like the chart and feel safe entering a position here. $300 is very good support level and as bitcoin             was dropping this morning bitcoin cash             was rising. Now I do not play into the conspiracy theories of bitcoin             being replaced by bitcoin cash             or dash, but back in the day I didn't think anything would replace AOL' either, then along came yahoo             and google             .

Core Portfolio is being adjusted to the following: Now these actually vary as I have added to XRP recently, but as I add to my portfolio allocated amounts over time it will break down like this. I have this same principle in stock investing as well where I buy into positions I am adding to my core. (a little different there as several of my core holdings I no longer add to just because of their size at this point and the dividends do that for me)
BTC' -20%
ETH - 20%
DASH' - 10%
LTC' -10%
BCH' - 10%
OMG' -10%
NEO -10%
XRP - 10%
Komen: Holy moses, I missed the breakout of the consolidation box, and this is what I wait days for!!!
Lovely analysis yet again. Thank you for all your hard work.
Balas
@BRRD, Nice article, thank you BRRD!
+1 Balas
Nice
+1 Balas
goldbug1 karima74
@karima74, Thank you!
Balas
Anybody know where to find BTC and another altcoins parameters? THX
+1 Balas
@Tomis99, not sure what you mean?
Balas
Tomis99 goldbug1
@goldbug1, for begin then I read your post I start to think, maybe I something missed. When I read this parameters in this post which was bellow on this forum https://www.bitcoin.com/info/bitcoin-cash-is-bitcoin it's not correct so I found all altcoins stats

https://bitinfocharts.com/

+1 Balas
Tomis99 Tomis99
@Tomis99, Plus this was before 3 month https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/
Now really blew your mind again:)
+1 Balas
@Tomis99, My mind is blown almost every day as I learn more about coins. I'm amazed at how much everyone on these posts has taught me! Thanks very much I have gained infinite wisdom from those like yourself that share information!
Balas
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