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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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]
Late 50s, $3mil.  A small part of this is COIN and MSTR which give indirect exposure to crypto.

Currently up about 8x and have $100k total in crypto long in BTC, ADA, ETH, LTC and DOT.

I voted Harris and I think Trump is horrible for the US overall but is undeniably good for crypto so I'll take what I can get.

Not investing advice but I believe that crypto overall will peak in 2025 and likely pull back some in 2026/27 so my plan is to take profits and get back in on the dip.

Personally, I think buying in now seems like too much of a FOMO driven buy and thus not a good idea.  Wait until there's blood on the floor and get in on a discount.

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OP: Good for you. I find interesting the level of ignorance of Bitcoin among people with assets who are 50+. Feels bullish. Like a wall of untapped money.[/quote]

Yes, agree.  Without getting into specifics, I work professionally in a field that gave me very early exposure to bitcoin specifically and crypto in general and even prior to that exposure to the cypherpunk subculture from which all this originated from.  So I've seen this all from day 1.  For me, I understand the underpinnings of the technology and am comfortable with it.  But I do recognize that it's complicated and hard to understand and thus hard for many to trust.

Having said all that, there is real risk and extreme volatility and I think the key is to have some exposure to it but not too much.  If my 100k went to 0 tomorrow, it would sting but it wouldn't change my day to day or life in any significant way.

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