percent of portfolio in bitcoin?

[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?

[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 spent nearly 15 years trying to understand the case for bitcoin. It has always seemed like a terrible idea.

[Anonymous]

The Internet is filled with so many useful information about Debra Evans Flyte.

[Anonymous]

Anonymous wrote:The Internet is filled with so many useful information about Debra Evans Flyte.

🦆🦆🦆

[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.

Fair enough. I'll suggest that perhaps five minutes is not enough time to think it through, but you were on the right track with trying to understand it.

I'll pose this question -- what's the modern case for gold? Why it is above $4K per ounce today? Yes, it's shiny and has an attractive yellow color and many people like to wear a bit of ornamental gold for the visual effects. While at one point in history it may have been a challenge to create shiny, attractive yellow colored ornaments to wear (and gold was perfect for that when our technology was limited), with modern technology it's not difficult to create ornaments out of other materials that look/feel just like gold. (That's why fake gold is a thing, and anyone buying/selling gold has to rely on labor-intensive methods to determine if something is truly gold or not.) Gold has some industrial value, but not much - that probably accounting for about 7% of its value. So what really makes gold valuable? Do some research and you'll see that the price of gold isn't based on its industrial value uses or even its ornamental value (and much of the "ornamental value" of gold is contingent on its having monetary value, not on its appearance, i.e., people understand gold has monetary value so they like to wear it to signal they're wearing something that's valuable, not just because it's something shiny and yellow); the majority of the value of gold is it's "monetary value" simply due to it being relatively scarce and humans therefor ascribing value to it. Gold is a scarce metal that is relatively portable, divisible, and durable. The world's supply of gold has historically only grown by about 2% per year and it's energy intensive to extract.

Bitcoin is an engineered technology designed to replicate the "monetary value" of gold by creating a scarce digital resource (one that is also energy-intensive to create and sustain, this is what you hear referred to as "bitcoin miners") that is likewise portable (even more so, it's digitally portable and can be transferred cheaply and quickly anywhere around the world), divisible (infinitely divisible, in fact) and durable (the bitcoin network runs on the internet protocol and is distributed around the world and even on satellites in space). It lacks any minor "industrial value" and "ornamental value" and is engineered solely as something that is scarce, portable, divisible, and durable.

Many people think gold is just a relic; a shiny yellow metal that is wildly overpriced for what it is. But humans are fundamentally drawn to place value on things that are scarce because they are scarce. That's why gold has the value it does.

Nobody can "control" gold beyond what they have possession of (or what they can seize by force from others and take possession of). Nobody can click a button and create more gold; it takes energy intensive work to create. Bitcoin is the same idea in digital form. And given where technology is going, the bitcoin bet is that a scarce digital asset, a store of value that can be transferred quickly and inexpensively, is where the future is headed -- not in shipping pieces of heavy yellow metal around the world as a store of value.

I've heard it said that bitcoin is for anyone, but not for everyone. Same is probably true with gold. But that's the little thought nugget I'd suggest to anyone interested in learning more about it.

[Anonymous]

The 4 year bitcoin cycle is finished or coming to a close. Stop buying a falling knife now. Put your money in gold bullion ETFs like DGP and UGL for at least a year instead. Then wait for the stock market to crash after QE and rate cuts and buy VGT and VT for the long term. Wait 2 years from now and buy bitcoin when it’s much lower. It will go up to $1m by 2030 but is currently in a down shift cycle. You’re welcome.