If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

[Anonymous]

Don’t do this. I’m a big Bitcoin guy but it’s still speculative. 401k is predictable and that’s what’s needed for retirement.

[Anonymous]

65 yo. $4.7M+ invested. Maybe $8K in Bitcoin ETF. Speculative investment that has potential. I prefer to hear quarterly earnings calls on my positions. But I'm open to new investments and crypto. Once concern is that sometime in the future, an announcement is made to increase the supply of BTC, above the approx. 21.4 bitcoin. Goes back to the simple Supply/demand curve. When there is demand, typically in free markets supply will come in to satisfy that demand. So why would the crypto markets be different??

[Anonymous]

Anonymous wrote:65 yo. $4.7M+ invested. Maybe $8K in Bitcoin ETF. Speculative investment that has potential. I prefer to hear quarterly earnings calls on my positions. But I'm open to new investments and crypto. Once concern is that sometime in the future, an announcement is made to increase the supply of BTC, above the approx. 21.4 bitcoin. Goes back to the simple Supply/demand curve. When there is demand, typically in free markets supply will come in to satisfy that demand. So why would the crypto markets be different??

Maybe it is impossible to increase the supply of BTC? I dont know.

[Anonymous]

Anonymous wrote:

Anonymous wrote:65 yo. $4.7M+ invested. Maybe $8K in Bitcoin ETF. Speculative investment that has potential. I prefer to hear quarterly earnings calls on my positions. But I'm open to new investments and crypto. Once concern is that sometime in the future, an announcement is made to increase the supply of BTC, above the approx. 21.4 bitcoin. Goes back to the simple Supply/demand curve. When there is demand, typically in free markets supply will come in to satisfy that demand. So why would the crypto markets be different??

Maybe it is impossible to increase the supply of BTC? I dont know.

It’s impossible. The value proposition of Bitcoin is that it is truly decentralized.

[Anonymous]

Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.

[Anonymous]

Anonymous wrote:

Anonymous wrote:65 yo. $4.7M+ invested. Maybe $8K in Bitcoin ETF. Speculative investment that has potential. I prefer to hear quarterly earnings calls on my positions. But I'm open to new investments and crypto. Once concern is that sometime in the future, an announcement is made to increase the supply of BTC, above the approx. 21.4 bitcoin. Goes back to the simple Supply/demand curve. When there is demand, typically in free markets supply will come in to satisfy that demand. So why would the crypto markets be different??

Maybe it is impossible to increase the supply of BTC? I dont know.

Theoretically it's possible but it's very unlikely. Here is a decent write up that explains it:

https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/

[Anonymous]

Anonymous wrote:Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.

Have you considered the risk that we get a paradigm shift in money, Bitcoin goes up 10x, and your other assets get diluted? This is how a 1-3% allocation becomes defensive rather than risky. S&P 500 is up 27% this year. Imprudent to take a tiny fraction of that gain and put into Bitcoin? Just food for thought.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.

Have you considered the risk that we get a paradigm shift in money, Bitcoin goes up 10x, and your other assets get diluted? This is how a 1-3% allocation becomes defensive rather than risky. S&P 500 is up 27% this year. Imprudent to take a tiny fraction of that gain and put into Bitcoin? Just food for thought.

This is the perspective I'm taking on Bitcoin. listen to the Market Mondays podcast.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.

Have you considered the risk that we get a paradigm shift in money, Bitcoin goes up 10x, and your other assets get diluted? This is how a 1-3% allocation becomes defensive rather than risky. S&P 500 is up 27% this year. Imprudent to take a tiny fraction of that gain and put into Bitcoin? Just food for thought.

What does this even mean? It is precisely because Bitcoin is decentralized that it cannot be used as money. It is a speculative asset.

[Anonymous]

Why would we shift to bitcoin?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.

Have you considered the risk that we get a paradigm shift in money, Bitcoin goes up 10x, and your other assets get diluted? This is how a 1-3% allocation becomes defensive rather than risky. S&P 500 is up 27% this year. Imprudent to take a tiny fraction of that gain and put into Bitcoin? Just food for thought.

What does this even mean? It is precisely because Bitcoin is decentralized that it cannot be used as money. It is a speculative asset.

Gold is decentralized and functioned as money off and on since the dawn of man basically until 1971.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.

Have you considered the risk that we get a paradigm shift in money, Bitcoin goes up 10x, and your other assets get diluted? This is how a 1-3% allocation becomes defensive rather than risky. S&P 500 is up 27% this year. Imprudent to take a tiny fraction of that gain and put into Bitcoin? Just food for thought.

What does this even mean? It is precisely because Bitcoin is decentralized that it cannot be used as money. It is a speculative asset.

Like snail mail to email. A new technology to accomplish things.

[Anonymous]

People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

[Anonymous]

Anonymous wrote:People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

It's not safe in the sense of low risk or low volatility - but it has tremendous upside potential that justifies owning it despite a lot of downside potential (and some hard to quantify risk of total loss). Would you not want to own an asset for example that had a 50% chance of total loss and a 50% chance of quadrupling?

[Anonymous]

Anonymous wrote:People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

Sure. Valid concerns.

At the same time you can easily take your coins into a cold storage wallet. And coinbase has invested tons in security. Fidelity also self-custodies their own coins. I can’t convince you. All I know is the US is on the road to having a strategic Bitcoin reserve. That should tell you something.