on my side it's a movie wrote:
went from like 12k to 50k in a month. Surging daily. Free money and you can drop out/ hedge whenever.
They did.
Who do you think sold you your tulips I mean bitcoins?
on my side it's a movie wrote:
went from like 12k to 50k in a month. Surging daily. Free money and you can drop out/ hedge whenever.
They did.
Who do you think sold you your tulips I mean bitcoins?
Coincidentally, I just bought bitcoin for the first time yesterday (1.015 coins). Not something I'm planning on trading, want to hold it long-term as a hedge against the dollar, especially with the Dems likely to damage the dollar (perhaps even intentionally). 20% of my portfolio so not something I really have to worry about too much.
BLtheKid wrote:
Coincidentally, I just bought bitcoin for the first time yesterday (1.015 coins). Not something I'm planning on trading, want to hold it long-term as a hedge against the dollar, especially with the Dems likely to damage the dollar (perhaps even intentionally). 20% of my portfolio so not something I really have to worry about too much.
One person gets it in this thread. Bitcoin is volatile, but it will only go up. Bitcoin is a buy and HODL play, probably indefinitely. It will also be available for (search "Strike Global"). I strongly recommend everyone buy Bitcoin. You can buy any amount you want, it does not have to be a full coin. If you can put $1000 in it, you'll thank yourself in 1 to 10 years.
chunk wrote:
BLtheKid wrote:
Coincidentally, I just bought bitcoin for the first time yesterday (1.015 coins). Not something I'm planning on trading, want to hold it long-term as a hedge against the dollar, especially with the Dems likely to damage the dollar (perhaps even intentionally). 20% of my portfolio so not something I really have to worry about too much.
One person gets it in this thread. Bitcoin is volatile, but it will only go up. Bitcoin is a buy and HODL play, probably indefinitely. It will also be available for (search "Strike Global"). I strongly recommend everyone buy Bitcoin. You can buy any amount you want, it does not have to be a full coin. If you can put $1000 in it, you'll thank yourself in 1 to 10 years.
Ugh, no that person does not "get it". 20% of the portfolio? What a shame, and waste, for this poor person. Will 20% break you? Of course not, but there's an OPPORTUNITY COST to every bad investment decision you make. Now because of this decision, 20% of this person's portfolio WON'T be in an index fund and adding to their wealth. If a "hedge" is desired, then the answer is bonds (or a high yield savings account).
And the one sure fire way to know when an "investment" (its in quotes because it's probably speculation, not investing) is in bubble territory is when random everyday people (such as on a running website) start advocating to buy it.
If you want excitement, Bitcoin is surely the answer. But if you want to grow your wealth, Bitcoin will bring nothing but heartbreak.
I think the macro picture is important here. Bond rates are going to go negative, that is the surefire way to lose money in the long run. The Fed can’t keep printing money without consequences. Your thinking regarding bonds and “high-yield” savings accounts is a bit archaic.
Bitcoin helps solve these problems. Will it be a perfect answer? No, nothing is perfect. But it’s where we’re headed.
From what I gather it’s not something you buy/sell on daily basis like trading on the stock market. As mentioned above it’s a hedge. Buy in at whatever you feel comfortable with and go with the long term. Kind of act contributing to a 401k or IRA. You get ups and downs in your growth but you don’t get too worked up over ebbs and flows when you’re cash out date is 30 years from now.
Time to bail, boys. I capitulated and just bought $50k of GBTC.
Either my kids will be going to fancy private schools or community college.
Based on my investment track record, at least it will be nice having them living at home.