I highlighted a key point on your post. As I mentioned, Bitcoin is the best risk/reward investment in the world. The risk is the keyword in my previous post. Bitcoin is money Imho, stock market is way overvalued due to the fiat ponzi ZIRP/NIRP environment that we have Many stocks have already crashed much more than Bitcoin. Look at PayPal, Zoom, Robinhood, Moderna, Affirm, Rivian, DraftKings, Peloton, and on and on Do you really feel safe putting your money in the stock market pure gambling casino? Do you feel good at night and on weekends and on holidays when they close your casino? I wouldn't feel good holding any stocks, so I do not invest in stocks. It's not a bearer asset which means they can lock down your financial accounts if you do not agree with their policies. Look at what happened in Canada I also take a chance on high-risk/hgh-reward cryptos but my biggest position is Bitcoin because it's the best risk/reward investment asset in the history of the world
There's no arguing that it has been. I certainly wish I'd had the strength of conviction to take a position in early 2019. Maybe it's still the investment with the best potential over the next few years. But, in the current climate, is crypto the only horse worth taking a punt on?
I say Bitcoin, you reply and change it to crypto. Twice I'm not against other crypto assets, but Bitcoin is my family's biggest investment because of risk-reward. Bitcoin is the biggest position in our portfolio, and don't reply and say crypto again, lol Other crypto assets could give you 10,000% returns in 1-2 years like what happened with Solana, Terra Luna, Fantom and Avlanche last year, but they also carry higher risks I cannot in good faith tell you to invest in high risk just so you can have a higher return Read very carefully, Bitcoin is the best opportunity you have right now so the answer to your question is yes. Buy bitcoin, and hodl it for 5 years, if you're happy with the results, then hodl it again for 10 years Fuck it, this is financial advice from an anonymous poster on a message board!! Don't waste this opportunity of a lifetime. Buy Bitcoin with as much money as you can afford. You don't need to thank me in 5 years or 10 years. Just do it for your sake
I said crypto because what would you have answered if I'd asked "is Bitcoin the only horse worth taking a punt on?" I'm guessing you might have suggested other cryptos. Suppose you had to construct a portfolio for the next few years, and you were only allowed to put 1/3rd in Bitcoin (and no other cryptos or proxies like MSTR), where would you put the other 2/3rds? Maybe you'd keep it all in USD, which is fine. I'm just suggesting that this is a question worth thinking about. That maybe Bitcoin is not the only investment that has potential to shine over the next few years.
I would have replied, yes, only Bitcoin USD/Cash. I hold a lot of cash now. I'm crazy but I'm not that crazy. I have to be risk-averse for my family not to end up in the streets There are many crypto assets that will outperform Bitcoin. Many many crypto assets, but they also carry a higher risk. If that's what you want, to find the next doge or shiba inu and turn $1000 to several million $, I wish that you would be successful However, you replied to a specific post of mine that is constructed to give you a near-certainty of profits in 5 years, even giving out a target price for Bitcoin in 5 years as well as 10 years That post of mine did not talk about other crypto assets, nor did it mention the stock market or real estate, only Bitcoin Will you be here in 5 years? Will I be here in 5 years? Maybe if we're still both actively posting on ET that we can look back of how in March/2022, the price of Bitcoin was $42K and...
I'm sometimes a bit slow to catch on but now I get it. You're married to Bitcoin. To have and to hold from this day forward, for better for worse, for richer for poorer... I hope she continues to treat you well. However, if the relationship ever goes sour, there are other asset classes to invest in, and not just stocks and real estate.
This does mention Bitcoin and crypto near the end. https://www.flowbank.com/en/research/what-the-major-asset-classes-for-investing-types-of-assets "Asset classes for diversification Asset classes are one of the first considerations for how to invest. The idea is to have an asset allocation strategy that puts a certain percentage of your funds into each asset class. This provides asset class diversification because each asset class behaves differently under different market conditions."
what are you invested in right now for the next 5 years? I want to know specifically what is your pick or what are your picks that will beat Bitcoin for the next 5-10 years
I agree with John (and what follows isn't "aimed" at anyone in particular...) The only thing that *MIGHT* beat what I predict BTC will do over the next 5-10 years is some of my trading models, but that's not an apples-to-applesfair comparison... and it's a HUGE "might." In terms of buy and hold, BTC is likely to trounce all other options in terms of return/risk (I put the "/risk" because I fullheartedly agree with John's earlier post regarding other cryptos that might have a better return but will have been speculative winners in hindsight.) I think some people get hung up on the dramatic swings in BTC. I was like that in the early days. (eg ~2011 - 2015) I just didn't think I could stomach it, even with a small position. For me, personally, using derivatives to dampen the drawdowns was a game changer that allowed me to participate. Now I also use derivatives to strategically amplify my returns beyond mere buy and hold, since I have built some statistical models to anticipate the likelihood of BTC going up or down over certain periods of time. I also think some people just can't get their heads around the use cases or "value added", which in a funny way is a privileged position to be in. I keep thinking these days how if I were a Russian citizen living in Russia, I would be considering myself very lucky that I kept a certain percentage of my total assets in BTC and not the rouble or even foreign bank accounts. When I wanted to pay a graphic designer in Africa for some work she did for me, I tried Western Union (WU) first because that's what we usually do. We had a couple issues, so I asked her if she would accept BTC and we did it that way. It was actually easier and the total fees were lower (after subtracting unfavourable currency exchange rates buried in the WU order.) Then there are all the emotions around it and the fact it takes a *little* more work to set up than a regular trading account, although that's changing. Frustration that it's gone up so much from 10 years ago may hold some people back from participating today. There are also some risks in BTC and other cryptocurrencies that are different from other forms of investment... but these can be managed and, as I said before, I would never bet the farm on any single trade or investment, ever. I diversify across asset classes, strategies, time frames, etc. This is just one more thing that has virtually no correlation with anything else I'm doing and that has a lot of potential upside. The supply of BTC is constrained programmatically. Demand ebbs and flows, but continues to grow overall as the price goes up and people hear about other people making profits... and so the increasing overall demand causes the price to continue to go up. It's a feedback loop and nobody can ramp up supply to soak up excess demand, unlike many commodities, for example. If and when it stops is anyone's guess, but in the meantime, buy protective puts to dampen and limit losses and stick to a certain "acceptable" percentage of your overall portfolio in the space overall to limit catastrophic losses, should those ever occur. My personal opinion is BTC will continue to cycle higher and higher at least until after I'm dead.