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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Late 50s, several million, and no, not worth the risk this close to retirement with kids in high school and college still.[/quote] Have you considered the risk that we get a [b]paradigm shift in money[/b], 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.[/quote] What does this even mean? It is precisely because Bitcoin is decentralized that it cannot be used as money. It is a speculative asset.[/quote] Gold is decentralized and functioned as money off and on since the dawn of man basically until 1971.[/quote]
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