Reply to I’m 10% BTC and 90% S&P 500

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[quote=Anonymous][quote=Anonymous]Bitcoin has been around since about 2010 -- nearly 15 years. It got really big from 2014 onward (2014 was Mt Gox, and when some large retailers started to accept BTC). Its deficiencies (slow transaction rates) have been known for years, and every year people say they will improve it, and peopel will start using it for real purchases. It's been all this time, and we stil haven't seen it.

[b]I think it will have a place in certain areas, like it does now, mainly for black-market and grey-market transactions.[/b] But I don't see it going beyond that. For legal trade, the current system we have (cash, cards, banks) really isn't that bad in terms of ease of use (customer service is another story).

As for 90% S&P 500, the S&P 500 side is going to have downside risk as well, like being at the mercy of the US economy. I personally am 40% US market; 20% foreign (developed) markets, 15% emerging markets, and 15% risk parity/hedge. [/quote]

It's not even good for black market and grey market.  It isn't a stable store of value.  Tether and other stablecoins are much better for payments and transactions.[/quote]

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