percent of portfolio in bitcoin?

[Anonymous]

It's so volatile, and unpredictably so, and between that and the abysmal environmental externalities associated with it, I'd rather not hold any. I realize I'm missing out on potential gains. I'm fine with that.

[Anonymous]

Anonymous wrote:Market herd mentality will cause Bitcoin to crash hard when it does crash. But I bet in 10 years it’ll still be kicking around and worth a bunch more. As of now…we are due for a crash and Bitcoin is not going to fare well.

It will still be around, even if it crashes, since it is decentralized and no one really owns it.

[Anonymous]

2% but it is down right now. Half IBIT, half Coinbase. Total put in was $20,000. I don’t like it but I also am a believer.

[Anonymous]

Anonymous wrote:2% but it is down right now. Half IBIT, half Coinbase. Total put in was $20,000. I don’t like it but I also am a believer.

Why are you a “believer”? This isn’t a matter of faith.

[Anonymous]

Anonymous wrote:

Anonymous wrote:2% but it is down right now. Half IBIT, half Coinbase. Total put in was $20,000. I don’t like it but I also am a believer.

Why are you a “believer”? This isn’t a matter of faith.

I believe that there is going to be a single currency at some point and to me it makes sense it will be digital. I’ve read enough about Bitcoin’s founders and have a friend who explained to me in the store of value for a currency that is decentralized.

I am very much not a MAGA bro. I am an idealist (usually pretty progressive) woman who is future-oriented.

[Anonymous]

Anonymous wrote:Old people don’t like bitcoin, but they will die off eventually and in a few decades the only people left in control of capital will be gen A, Z, and millennials. For this reason I am bullish on BTC.

10% of my portfolio and letting it ride (started at much less).

No one old would put up with some of the financial packages that are being prepared for these generations like 50 year mortgages or 10 year car loans.

Sure, might as well throw bitcoin at them too

[Anonymous]

Anonymous wrote:I am in my late 40s with an investment portfolio of 2.8 million. I have 90k that I've invested in bitcoin--which is now worth around $190k. I'm thinking about throwing another 30k in...and continuing to keep what I've invested (not including profit) in bit coin at around 4 percent of my
portfolio as it rises. What is your bitcoin strategy

It’s erratic. It crashes a lot easier and more drastic than stock market.

Think logically. If everyone invests $90k and a month later they all have $190k. How does that work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2% but it is down right now. Half IBIT, half Coinbase. Total put in was $20,000. I don’t like it but I also am a believer.

Why are you a “believer”? This isn’t a matter of faith.

I believe that there is going to be a single currency at some point and to me it makes sense it will be digital. I’ve read enough about Bitcoin’s founders and have a friend who explained to me in the store of value for a currency that is decentralized.

I am very much not a MAGA bro. I am an idealist (usually pretty progressive) woman who is future-oriented.

Um ok … that seems pretty stupid. Do you think Bitcoin will be the single currency? When do you believe this single currency will take over? Please read a book.

[Anonymous]

I tried for five minutes in good faith to understand the case for bitcoin. I couldn’t, so I’m not going to buy any.

[Anonymous]

Anonymous wrote:I tried for five minutes in good faith to understand the case for bitcoin. I couldn’t, so I’m not going to buy any.

A demonstrably intelligent and prudent course of action.

[Anonymous]

Spoke briefly to 19yo man today about the investing prospects of AI vs Bitcoin. I'm 66 and we both agreed that the AI theme has a better future and more easily understandable. He mentioned SpaceX and I spoke about the value of AI making businesses more efficient and profitable.

I own some BTC in an ETF just to see it on my screen. I don't like the Talking Heads that you see speaking bullishly about crypto in general, simply talking up their book, they are not impartial. I mean Michael Slayor is your prophet??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2% but it is down right now. Half IBIT, half Coinbase. Total put in was $20,000. I don’t like it but I also am a believer.

Why are you a “believer”? This isn’t a matter of faith.

I believe that there is going to be a single currency at some point and to me it makes sense it will be digital. I’ve read enough about Bitcoin’s founders and have a friend who explained to me in the store of value for a currency that is decentralized.

I am very much not a MAGA bro. I am an idealist (usually pretty progressive) woman who is future-oriented.

Um ok … that seems pretty stupid. Do you think Bitcoin will be the single currency? When do you believe this single currency will take over? Please read a book.

I’ve read a few books on it. Have you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2% but it is down right now. Half IBIT, half Coinbase. Total put in was $20,000. I don’t like it but I also am a believer.

Why are you a “believer”? This isn’t a matter of faith.

I believe that there is going to be a single currency at some point and to me it makes sense it will be digital. I’ve read enough about Bitcoin’s founders and have a friend who explained to me in the store of value for a currency that is decentralized.

I am very much not a MAGA bro. I am an idealist (usually pretty progressive) woman who is future-oriented.

Um ok … that seems pretty stupid. Do you think Bitcoin will be the single currency? When do you believe this single currency will take over? Please read a book.

I’ve read a few books on it. Have you?

lol. Best of luck.

[Anonymous]

Anonymous wrote:I tried for five minutes in good faith to understand the case for bitcoin. I couldn’t, so I’m not going to buy any.

I've read 4 books (two for and two against) and still don't know but lean toward it's better to have money centrally controlled. As an asset, I don't agree. As a speculation tool, I don't agree. As a store of value -- this is where I get stuck and it's very philosophical but I don't see gold as a store of value (or asset) either. Why would BTC be a store of value above and beyond the dollar.

Yadda yadda -- it's not prone to inflation because the supply is fixed. But it is prone to inflation -- when it drops in value your spending power decreases -- that's a type of inflation. So what's the point other than anonymity and decentralization? I don't know about you but I like knowing I can file a chargeback or reverse a transaction, which requires a centralized authority of some kind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I tried for five minutes in good faith to understand the case for bitcoin. I couldn’t, so I’m not going to buy any.

I've read 4 books (two for and two against) and still don't know but lean toward it's better to have money centrally controlled. As an asset, I don't agree. As a speculation tool, I don't agree. As a store of value -- this is where I get stuck and it's very philosophical but I don't see gold as a store of value (or asset) either. Why would BTC be a store of value above and beyond the dollar.

Yadda yadda -- it's not prone to inflation because the supply is fixed. But it is prone to inflation -- when it drops in value your spending power decreases -- that's a type of inflation. So what's the point other than anonymity and decentralization? I don't know about you but I like knowing I can file a chargeback or reverse a transaction, which requires a centralized authority of some kind.

It's absolutely better to have money centrally controlled. The deflationary aspect of bitcoin is awful.

Even if you're a true believer in cryptocurrency, bitcoin has no future. All of the interesting things with cryptocurrency requires smart contracts.

But "interesting" doesn't meant "good idea." Even those are awful. It turns out we can't write code without bugs- do you really want buggy code being able to wipe out your assets with no way to recover?