No, I'm talking about maybe government making cashing out your BTC illegal. It would still be valuable, but how would you get fiat out of it if you needed it (like to buy a house or medical emergency)?
Yeah, dude is forgetting that this is a capitalist country where all the senators and representatives are going to eventually own bitcoin and love the gains right along with the rest of us.
P2P exchanges like Bisq are a good option. But I highly doubt governments will do that, they're afraid to cut themselves off from the network. As they should be.
Yes. Of course they can't abolish Bitcoin - it's global - but they can make it difficult for their citizens to do anything with theirs, or acquire more easily.
When you have generational wealth and never had to work, you don't need to take risk to escape wage slavery so "allocating" a little bit makes sense.
I have 70% of all I have in this world in btc. For me, the bigger risk is seeing it skyrocket and not being a part of it.
Just my two sats...
This is no longer a "problem" because
rebalancing/diversification was standard practice/advise before bitcoin, because there was no best asset.
Time will prove whether this is true or not, but with bitcoin came an entirely new type of investment asset. Bitcoin is the apex asset. Over enough time, all other assets will essentially go to zero against bitcoin.
So now the problem is reversed, people following outdated investment principles of diversification will see all their non-bitcoin assets decrease in value against their bitcoin. And after a cycle or two of rebalancing/diversifying, will come to the realization, that they would have been way ahead had they converted the non-bitcoin assets from the start.
Of course this is not financial advice.
This. Hamsters on this sub thinks of BTC as the only way, but for big boys it never was and never be, it's just another low cap market to bring their pennies. If they ever will have huge amounts in their pockets and a bit older age they will change their mind too
I talked my dad into buying $15k of bitcoin at $45k. He held it for a year and sold in December at a loss because it’s “too speculative”. He’s a multi millionaire. $15k for him is like $20 for me and he thought it was too risky. I begged him not to and explained why. But hes gay for Warren Buffet and believes everything the man says. Also thinks the wall street journal is the bible. Fucking boomers.
In fairness, there’s a big difference between ‘being gay’ and ‘being gay for Warren Buffett’.
***I believe the later has a lot more depravity in it than the former***
I bought 20k of bitcoin at 5k and then sold all of it during the following downturn after the run up to 20k because my dad talked into selling lol. It was all house money because I took my initial investment out around 20k but still sucks.
Should have stuck to my guns. Oh well, lesson learned.
I had gotten up to like 17 bitcoin from late 2013 through like beginning of 2015. But by mid 2015 I sold it all at $250. Well I think I only had like 9 btc left cuz I had been whittling it down through trading lol.
But to be fair that was the first multi-year bear market, so bitcoin was only like 6 years old and I had watched it peak 3 weeks after I started buying and then watched it drop for a year and a half by the time I finally sold. Huuuuuge financial mistake but by the time I sold it really just looked like Bitcoin bubbled and was an experiment that wasn't going to take off.
A couple months into 2017 I saw the price was all the way back over $1000, realized I was wrong and that Bitcoin ain't going anywhere and is going to grow into a global currency. Bitcoin has been the main focus of my financial life ever since.
Unless people like really deep dive into Bitcoin BEFORE they start buying, so that they know what they are getting into, I think it is extremely common for people's first foray into Bitcoin being buying into a bull market and selling for a loss during the bear market. Only after the bear market recovers do people realize their mistake. Although hopefully we are getting to the point now that Bitcoin has been in the public eye long enough and has enough examples of its market cycles that it'll be much less common in the future for people to jump in without understanding its just gonna keep going up long term, and people will understand there is never any need to sell at a loss.
I know these feels, got my pops who is same as yours buy into the ETF of all things at 50k. Kept telling him to buy when it was 16k-20k...asks me what does buffet think about bitcoin...
fucking boomers mayne
Once you're old enough, why fix what isn't broke? They are set regardless.
When I'm 40 I'm not going to take on some new speculative asset that I don't understand if Bitcoin is doing just fine
Dang, if he's a multi-millionaire and $15k is nothing for him, he could have easily made millions on Bitcoin over the coming years if you convinced him to really take Bitcoin seriously. Oh well. Usually people's fear of losing any money is much greater than their desire to make money.
Hence why most of the world still thinks Bitcoin is this scary risky thing, even though the facts show otherwise and anyone that is actually in bitcoin always makes tons of money. Heck just the other day I read some article in a major publication that pointed out Bitcoin is back to ATHs, and yet the whole narrative of the article was negative claiming that people always lost money on Bitcoin lol. It was like "bitcoin is here to stay, and people are going to keep coming back to ride this roller coaster and lose money". Like seriously wtf?! Until the general public narrative on Bitcoin switches from misinformation to the facts, which of course is that bitcoin keeps going up and is super safe long term, the your-dads of the world are gonna be too scared cuz people tell them its scary.
My parents bought 1 bitcoin back in 2017, somewhere between $10k-$15k I believe. There are soooo many times in the ensuing years I've had to convince my mom not to sell. She doesn't need the money at all, and yet still she keeps wanting to sell whenever the price is DOWN, not up lol. Human psychology is fear overrides everything - buy high sell low. She's old but healthy for her age, she might live for well over a decade still, by convincing her over and over and over not to sell to get fiat she doesn't need, I'm gonna have made her (or just our family since she probably won't ever spend that money) many hundreds of thousands of dollars.
She sold her house in 2022, right around the time Bitcoin was crashing down through the $20,000s. I though about trying to convince her to take just a bit of that money and pick up a couple more bitcoin. That coulda made our family 7 figures over the next 10-20 years. But considering how much I've had to convince her not to sell what she already has, I figured no way she'd buy more. In fact later that year after FTX collapsed she was very worried about me because she had been reading that the crypto collapse is "different this time" lol, which is probably the same nonsense the media puts out every bear market.
Your dads a multi millionaire I think he’s doing it right. You are just a bottom feeder at this point leaching off your old man. You may be right about BTC but you aren’t smarter than your old man.
I had this discussion with a coworker after talking how I had more in crypto than traditional investments. Them: “You have 80% of your savings in crypto?! that was a reckless move, no way you should have invested more than 5-10% this way!” Me: “Yes, I made the right move” Coworker: “what?” Me: “I only put a small percentage of my $$ in crypto, it just outpaced everything else by dozens of times over and NOW it’s worth way more”. Them: “That’s great, but you HAVE to sell now!” Me: “You would have said the same thing a year ago and where would I be now” Them: blank stare.
Me: ya I do a little investing, mostly in crypto.
Coworker: Aw dude, don’t do that!.. Crypto is for suckers. you’re gonna lose literally all your money. You should do what I do and buy and sell rare baseball cards online.
Me: my net worth is a quarter mil. You literally don’t have a car.
Oh yeah sorry, I forgot to be born during the period of American prosperity where I could support my family on a gas station wage. Im just out here working exponentially harder for a dollar that’s growing exponentially weaker. Guess I forgot to save while my cost of living, education, medical expenses outpaced my earnings, what a lazy person I am. Please excuse my ignorance as I pay into a social security system I’ll never benefit from and be solely reliant on a parent dying to inherent any generational wealth.
I don’t have a TON of savings, but I’m just glad that I stuck with crypto, even after making a bunch of DUMBASS mistakes last cycle (buying shitcoins and steadily catching falling knives after the last ATH). I ALMOST gave up, but a younger dude at my fiat mine job (he’s early 20s, I’m mid 30s) wouldn’t leave me alone and kept pestering me to stick with it. He convinced me to start over during the Bear market about a year or year and a half ago… “THIS IS WHEN YOU BUY DUDE!” he would say, after everybody was screaming that crypto was a scam and Bitcoin was done for. So I eventually gave in and bought like $2k of Bitcoin when it was around $20k (I think) and set up a DCA weekly (like $25) in my CoinBase account and just forgot about it.
I thank lil Gen-Z Josh every fucking day for pestering me and convincing me to stick with it!!
I have been at 95% for 4 years. While it’s so far been the most financially rewarding decision I’ve ever made in my life. It’s been lonely, and I have felt dejected and anxious. Even my own family has no clue has of the % and even less of clue of whether I am in the black or red on that %.
An allocation of 5% offers investors game-changing results in their portfolio's returns without suffering the risk of catastrophic failure should BTC experience an extreme tail risk event.
I posted in a business channel asking about any tax advantages I could have by storing my side business profits in BTC. Boomers didn't like that. I'm all the fucking way in and I'm mad Twitter didn't orange pill me beyond the investor level back in 2016.
Legit, I've learned about bitcoin and I haven't had any investment I've been this bullish on. I don't even see it as a risky investment as I see no chance I will lose money.
The last ath i was so sad i missed the boat as all my investments were in gme even though i bought and sold btc initially in 2014.
I updated my reading and understanding of btc, and went all in sub 20k and have been all btc ever since.
I wonder how gme is doing now.
I get both sides. If you don't have much money, go all in. If you have a lot, 5% is a start.
Eventually everyone will get more as the returns on BTC make everything else pale by comparison (over a 4 year cycle).
Start by understanding it. Read the bitcoin whitepaper(google it) and look at some videos of bitcoin university on youtube. He makes content that has real information, not just a scam or clickbait.
To answer your question go all in, I see no chance this is the top. Everyone that knows how bitcoin works is bullish, only haters and people who don't understand bitcoin are bearish. They think it's just a hype, but it's more than a hype.
True meme.
But to understand it better: Very wealthy people do not try to make more money with high risk - like we do. Their goal is to invest it with lowest risk as possible, so they not loose their wealth. But this is also why now wealthy start to invest in Bitcoin to LOWER their risk with 1-5% allocation in BTC.
I started drinking that cup a decade ago, then spit it out unfortunately. Picked the cup back up 7 years ago, enjoying the taste. 5 years ago I finished that cup, been enjoying being full ever since.
It will improve their Sharpe Ratio but not make them that much richer, especially if they’re rebalancing. But it will pump our bags though, and that’s a good thing 😌
A-fucking-symmetry man,
The reward is well worth the risk.
Who knows if that risk/reward will come along twice in a lifetime, or even a fucking generation.
Homeless or lambos there is no inbetween
that was exactly my thought process 😂🙌🏻
Have Yachts or have Nots
K
It's dangerous, but the most satisfying strategy. This is the only way to win.
Time for lambos has passed.
When you start at near homeless in this fiat system, the choice is easy.
I’m at the point of no return
When in trouble, double
I see we share strategies.
Buy when there's blood in the streets, even if the blood is your own.
Same here brotha
I have 100% faith in BTC, but my only reservation is potential government fuckery.
BTC can handle it, it's designed to withstand attacks.
Remeber what china did in 2013 , 2015 ,2017,2018 and 2021. They banned it and now look at it! 😆
No, I'm talking about maybe government making cashing out your BTC illegal. It would still be valuable, but how would you get fiat out of it if you needed it (like to buy a house or medical emergency)?
Blackrock owns the government so no way
Yeah, dude is forgetting that this is a capitalist country where all the senators and representatives are going to eventually own bitcoin and love the gains right along with the rest of us.
I agree with you. I'm all in, but have little nagging worries.
P2P exchanges like Bisq are a good option. But I highly doubt governments will do that, they're afraid to cut themselves off from the network. As they should be.
Buy house with btc
The green agenda is the real threat.
Exactly, if they bring in the digital currency i could see them doing something to hurt it . I mean the government will want us to only use the cbdc .
Yes. Of course they can't abolish Bitcoin - it's global - but they can make it difficult for their citizens to do anything with theirs, or acquire more easily.
Same
Me: 5% Fiat
Too risky
Very risky. I hate having fiat, but I like to have a 3-4 of expenses since I have a family. If it was just me I would be much heavier into btc
Healthy strategy
Same
When you have generational wealth and never had to work, you don't need to take risk to escape wage slavery so "allocating" a little bit makes sense. I have 70% of all I have in this world in btc. For me, the bigger risk is seeing it skyrocket and not being a part of it.
right, my 2013 "not risking more than I can afford to lose" is now +60% allocation. Sure, "rebalance" but into what?
"Diversification is just selling the winner to buy the loser" \- Michael Saylor.
I think so too.. which is the problem..
Just my two sats... This is no longer a "problem" because rebalancing/diversification was standard practice/advise before bitcoin, because there was no best asset. Time will prove whether this is true or not, but with bitcoin came an entirely new type of investment asset. Bitcoin is the apex asset. Over enough time, all other assets will essentially go to zero against bitcoin. So now the problem is reversed, people following outdated investment principles of diversification will see all their non-bitcoin assets decrease in value against their bitcoin. And after a cycle or two of rebalancing/diversifying, will come to the realization, that they would have been way ahead had they converted the non-bitcoin assets from the start. Of course this is not financial advice.
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This. Hamsters on this sub thinks of BTC as the only way, but for big boys it never was and never be, it's just another low cap market to bring their pennies. If they ever will have huge amounts in their pockets and a bit older age they will change their mind too
1.3 trillion is a low cap market?
Cup tastes so gooooood
I'd give them a sip but I've got Karl Farbman chugging.
Hank gets it😎, thanks for stopping.. do I hear desperado?
Karl........ could you just not talk for one minute.
I talked my dad into buying $15k of bitcoin at $45k. He held it for a year and sold in December at a loss because it’s “too speculative”. He’s a multi millionaire. $15k for him is like $20 for me and he thought it was too risky. I begged him not to and explained why. But hes gay for Warren Buffet and believes everything the man says. Also thinks the wall street journal is the bible. Fucking boomers.
Boomer here. Bought two bitcoins at $9k each and still own them 😁
based boomer crypto enjoyer
Hand in your boomer card, you’re not part of The club anymore
I bought $40 of weed(1/8th) with 0.11BTC lmao
Dank
Did u just call your dad gay
alpha
In fairness, there’s a big difference between ‘being gay’ and ‘being gay for Warren Buffett’. ***I believe the later has a lot more depravity in it than the former***
Why? Are you interested in his dad? Apparently he's a multi-millionaire, so I might shoot my shot. 👉👈
Did u just ask him if he called his dad gay
his other dad is even gayer
I bought 20k of bitcoin at 5k and then sold all of it during the following downturn after the run up to 20k because my dad talked into selling lol. It was all house money because I took my initial investment out around 20k but still sucks. Should have stuck to my guns. Oh well, lesson learned.
I had gotten up to like 17 bitcoin from late 2013 through like beginning of 2015. But by mid 2015 I sold it all at $250. Well I think I only had like 9 btc left cuz I had been whittling it down through trading lol. But to be fair that was the first multi-year bear market, so bitcoin was only like 6 years old and I had watched it peak 3 weeks after I started buying and then watched it drop for a year and a half by the time I finally sold. Huuuuuge financial mistake but by the time I sold it really just looked like Bitcoin bubbled and was an experiment that wasn't going to take off. A couple months into 2017 I saw the price was all the way back over $1000, realized I was wrong and that Bitcoin ain't going anywhere and is going to grow into a global currency. Bitcoin has been the main focus of my financial life ever since. Unless people like really deep dive into Bitcoin BEFORE they start buying, so that they know what they are getting into, I think it is extremely common for people's first foray into Bitcoin being buying into a bull market and selling for a loss during the bear market. Only after the bear market recovers do people realize their mistake. Although hopefully we are getting to the point now that Bitcoin has been in the public eye long enough and has enough examples of its market cycles that it'll be much less common in the future for people to jump in without understanding its just gonna keep going up long term, and people will understand there is never any need to sell at a loss.
Well said.
I know these feels, got my pops who is same as yours buy into the ETF of all things at 50k. Kept telling him to buy when it was 16k-20k...asks me what does buffet think about bitcoin... fucking boomers mayne
Once you're old enough, why fix what isn't broke? They are set regardless. When I'm 40 I'm not going to take on some new speculative asset that I don't understand if Bitcoin is doing just fine
Your dad is a multi millionaire where 15k to him is like 20 dollars to you. You should be more like your dad and less like you, it seems.
How do you think he became a multi millionaire in the first place? Probably not by dumping money in speculative investments.
Sounds like he's doing alright
Dang, if he's a multi-millionaire and $15k is nothing for him, he could have easily made millions on Bitcoin over the coming years if you convinced him to really take Bitcoin seriously. Oh well. Usually people's fear of losing any money is much greater than their desire to make money. Hence why most of the world still thinks Bitcoin is this scary risky thing, even though the facts show otherwise and anyone that is actually in bitcoin always makes tons of money. Heck just the other day I read some article in a major publication that pointed out Bitcoin is back to ATHs, and yet the whole narrative of the article was negative claiming that people always lost money on Bitcoin lol. It was like "bitcoin is here to stay, and people are going to keep coming back to ride this roller coaster and lose money". Like seriously wtf?! Until the general public narrative on Bitcoin switches from misinformation to the facts, which of course is that bitcoin keeps going up and is super safe long term, the your-dads of the world are gonna be too scared cuz people tell them its scary. My parents bought 1 bitcoin back in 2017, somewhere between $10k-$15k I believe. There are soooo many times in the ensuing years I've had to convince my mom not to sell. She doesn't need the money at all, and yet still she keeps wanting to sell whenever the price is DOWN, not up lol. Human psychology is fear overrides everything - buy high sell low. She's old but healthy for her age, she might live for well over a decade still, by convincing her over and over and over not to sell to get fiat she doesn't need, I'm gonna have made her (or just our family since she probably won't ever spend that money) many hundreds of thousands of dollars. She sold her house in 2022, right around the time Bitcoin was crashing down through the $20,000s. I though about trying to convince her to take just a bit of that money and pick up a couple more bitcoin. That coulda made our family 7 figures over the next 10-20 years. But considering how much I've had to convince her not to sell what she already has, I figured no way she'd buy more. In fact later that year after FTX collapsed she was very worried about me because she had been reading that the crypto collapse is "different this time" lol, which is probably the same nonsense the media puts out every bear market.
Your dads a multi millionaire I think he’s doing it right. You are just a bottom feeder at this point leaching off your old man. You may be right about BTC but you aren’t smarter than your old man.
Multi Millionaires don't need BTC ... they know what their doing ...
What’s he think about that sell today?
You’re probably going to inherit that boomer’s millions. Your boomer bad did something right to accumulate such wealth.
I mean he’s a multimillionaire …
I had this discussion with a coworker after talking how I had more in crypto than traditional investments. Them: “You have 80% of your savings in crypto?! that was a reckless move, no way you should have invested more than 5-10% this way!” Me: “Yes, I made the right move” Coworker: “what?” Me: “I only put a small percentage of my $$ in crypto, it just outpaced everything else by dozens of times over and NOW it’s worth way more”. Them: “That’s great, but you HAVE to sell now!” Me: “You would have said the same thing a year ago and where would I be now” Them: blank stare.
Me: ya I do a little investing, mostly in crypto. Coworker: Aw dude, don’t do that!.. Crypto is for suckers. you’re gonna lose literally all your money. You should do what I do and buy and sell rare baseball cards online. Me: my net worth is a quarter mil. You literally don’t have a car.
Risk is our FIAT money, BTC is our salvation
At some point you actually understand anti fragile isn't a meme. Paradigm shifts mean you have to dump your old rules.
Go big or go home
lambo or hobo lol
1% fiat 99% bitcoin.
1% is too much imo.
Need to pay bills though :)
Diversification is only necessary if you don’t know what you’re doing. -Warren Buffett
Diversification is the lack of belief in any of your allocations, but enough belief to risk losing your allocations. - me
My 100% is some boomers 5% , and that bugs me.
Other boomers (like me) can count over 10 *without* removing my hose/tights and did the exact opposite.
100% feel this bro
Because why should you have to work and save for decades like they did?
Oh yeah sorry, I forgot to be born during the period of American prosperity where I could support my family on a gas station wage. Im just out here working exponentially harder for a dollar that’s growing exponentially weaker. Guess I forgot to save while my cost of living, education, medical expenses outpaced my earnings, what a lazy person I am. Please excuse my ignorance as I pay into a social security system I’ll never benefit from and be solely reliant on a parent dying to inherent any generational wealth.
It’ll take them a lot farther than 0%
100%? Rookie numbers
Not my fault it grew into like 30%
The only mistakes I made is that I diversified.
Yup. Got talked into buying all kinds of shit coins near the top… from now on whenever I hear “utility” I’m out.
I was referring to Apple stock 😒
Lol, imagine diversifying in shitcoins, that's just taking out money of a risky investment (bitcoin) to gamble.
Yeah can’t do that
Is it 5% of a grape or 5% of a watermelon?
5% of the 1%’s portfolio could be 10000% more than your 100%
$100 in checking, $50,000 loan for btc. honestly I can maybe get 250k for a kidney.
What are you talking about I own zero btc To the rest of the world
“Diversification is the process of selling your winners to buy more of your losers.” - Michael Saylor
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I don’t have a TON of savings, but I’m just glad that I stuck with crypto, even after making a bunch of DUMBASS mistakes last cycle (buying shitcoins and steadily catching falling knives after the last ATH). I ALMOST gave up, but a younger dude at my fiat mine job (he’s early 20s, I’m mid 30s) wouldn’t leave me alone and kept pestering me to stick with it. He convinced me to start over during the Bear market about a year or year and a half ago… “THIS IS WHEN YOU BUY DUDE!” he would say, after everybody was screaming that crypto was a scam and Bitcoin was done for. So I eventually gave in and bought like $2k of Bitcoin when it was around $20k (I think) and set up a DCA weekly (like $25) in my CoinBase account and just forgot about it. I thank lil Gen-Z Josh every fucking day for pestering me and convincing me to stick with it!!
I have been at 95% for 4 years. While it’s so far been the most financially rewarding decision I’ve ever made in my life. It’s been lonely, and I have felt dejected and anxious. Even my own family has no clue has of the % and even less of clue of whether I am in the black or red on that %.
Not even green? Wat
? Ya - I am old school with the black or red. But ya I am obviously up up up up in the green or the black
Oh I thought black meant like just breaking even haha
An allocation of 5% offers investors game-changing results in their portfolio's returns without suffering the risk of catastrophic failure should BTC experience an extreme tail risk event.
pfft, only 100%? With options, you can go above 100% ;)
Psssst! Let me introduce you to my friend... Leverage
Three things that will ruin you - ladies, liquor, and leverage
100% ... Future Millionaires 🥳
To cap it at 5% is to acknowledge the risk, therefore there is no risk when all in
While they make 7% a year in a good year we make life changing money lol
I posted in a business channel asking about any tax advantages I could have by storing my side business profits in BTC. Boomers didn't like that. I'm all the fucking way in and I'm mad Twitter didn't orange pill me beyond the investor level back in 2016.
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Xer here, my 5% over 2017 to 2022 has become 25%. 😀
Actually 136%, bitcoin today is worth more than dollar tomorrow
the feds are shorting it to try to hold the dollar together
Correct. It's risky having the other 95% not allocated to bitcoin.
Legit, I've learned about bitcoin and I haven't had any investment I've been this bullish on. I don't even see it as a risky investment as I see no chance I will lose money.
I was ALL IN...then there was a horrible boating accident out at sea.
The last ath i was so sad i missed the boat as all my investments were in gme even though i bought and sold btc initially in 2014. I updated my reading and understanding of btc, and went all in sub 20k and have been all btc ever since. I wonder how gme is doing now.
My assumption is that their 5% is probably 100x my 100%
Anybody here heard of risk management ?
is that like a italian soup? lol
I risk all my money to manage millions in the future.
Lol I'm like 200% bitcoin, used debt to get as much as I could.
5% is a perfectly good place to start. They can get in deeper anytime after the initial investment. All adoption is welcome
Take a look at these comments https://www.reddit.com/r/TeslaModel3/s/wFmaKzaJc7
My financial capital rn: 10% fiat 80% btc/alt 10% my dog
😆😆😆
LITERALLY ME
135% on bitcoin and more calm than my options positions with 1% alocation i trade in my 20s
And I BEEN UP
Would do more if I could
I get both sides. If you don't have much money, go all in. If you have a lot, 5% is a start. Eventually everyone will get more as the returns on BTC make everything else pale by comparison (over a 4 year cycle).
Literally
Risk?
Even if you start at 5% it won’t stay that way long
You know that 5 percent allocation means they just don't get it!
😆
So very true haha
65% rn
Bitcoin can ruin and save lives.
their 5% is 5x your networth
Reminds me of steve mnuchin with his big ass mug.
I don't understand bitcoin or crypto at all. How much should I buy?
Start by understanding it. Read the bitcoin whitepaper(google it) and look at some videos of bitcoin university on youtube. He makes content that has real information, not just a scam or clickbait. To answer your question go all in, I see no chance this is the top. Everyone that knows how bitcoin works is bullish, only haters and people who don't understand bitcoin are bearish. They think it's just a hype, but it's more than a hype.
140% actually
"I used to have 5% in Bitcoin, but then without cashing in or out that became 50% and now it's 90%. I think I'll just keep it..."
If it helps I’m 100% $COQ cause I’m immature and regarded
It will keep my granddaughter from sucking D for sats
#MEEE222!!!
Their 5% is bigger than a lot of our 100%s tho
Me:60% in Alts
dumbass lol
"How far will 5% take them?" 20 times less far than me.
True meme. But to understand it better: Very wealthy people do not try to make more money with high risk - like we do. Their goal is to invest it with lowest risk as possible, so they not loose their wealth. But this is also why now wealthy start to invest in Bitcoin to LOWER their risk with 1-5% allocation in BTC.
BTC is a black hole, slowly devouring all of the world's inflated money. It's inevitable. Resistance is futile.
same plus leveraged
Balls Deep! ALL in
Their 5% might be more than your 100, remember that
Fuck it, we ball.
5% will teach tham what they need to know within a decade.
I was at 5% now I'm at 8% since I've made money. Ha!
I started drinking that cup a decade ago, then spit it out unfortunately. Picked the cup back up 7 years ago, enjoying the taste. 5 years ago I finished that cup, been enjoying being full ever since.
Who is saying 5% is too risky?
I'm in this photo and I like it
All or nothing. I focus on money not poverty.
I told my parents I was only investing 5%… didn’t include the 0 after it 😂
I'm 25% bitcoin and anxious about it, both in fear of losing it and in fear of missing out
70% bitcoin. 30% in a 401k in stocks. Me: *goes to employer* "wtf. this is bullshit. We need btc etf in 401k options"
their 100k is still more than your $1000. Percentages can be misleading.
My 5% is now trending towards 10%. And I absolutely won't rebalance by selling my winner! 🤩
The 5% I put into Bitcoin grew to 50%. Should I sell 45%
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It will improve their Sharpe Ratio but not make them that much richer, especially if they’re rebalancing. But it will pump our bags though, and that’s a good thing 😌
Gotta yolo on some alt and shitcoins too
Your dad should have asked “ what did Michael Saylor say? “
My wife and I both work. Her income is for the household. Mine is investment income.
Over 50% and counting
Once you invest what you can lose - hold tight for wild a ride - get rich or die trying
100% is stupid, bc you might have bought at 30k, then got sick and needed the money at 18k...
The road to 500k btc is long and fun
A-fucking-symmetry man, The reward is well worth the risk. Who knows if that risk/reward will come along twice in a lifetime, or even a fucking generation.