I think bull run event for bitcoin price has been coming which is start at the price of $3200, so as many people consider that bitcoin need to be taken into account as an investment place. It's okay when many people says bitcoin has a risky way to store their money because the bear market who came at the beginning of 2018 ago has gave some views that bitcoin never up again, but their mind was wrong because the price went up again.
These factors can be calculated by investors, other than that digital money has been changing the payment instrument in many aspect, sooner or later cryptocurrencies especially bitcoin can be a mainstream thing that used by most people which is mean bitcoin can last for a long period of time. Therefore there is no one who will consider bitcoin is the factor to reducing his wealth again,even more it is the best place to save their money compared to store it in the bank account.
Topic: Anthony Pompliano Reveals Details About his Bitcoin Investment (Read 214 times)
you might want to explain a little bit next time in your website about why I should give a damn about what someone who I have never even heard of before says about bitcoin!
you always want to invest your money instead of putting it in your mattress or in a bank! and you want to diversify your investment into multiple assets. that is not an argument about why bitcoin in an investment though!
Would Make The Argument That Having 100% Exposure To Fiat Currencies Is A Really Bad Idea. Right? Because If One Of Those Fiat Currencies That You Have 100% Of Your Wealth In Either Hyperinflates Or Fails, You’ve Got A Lot Of Problems.”
in a way that is stating the obvious!you always want to invest your money instead of putting it in your mattress or in a bank! and you want to diversify your investment into multiple assets. that is not an argument about why bitcoin in an investment though!
My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
Storing your wealth in Fiat has been happening already for several decades and it is actually not a bad idea (It only matters on your country's current economy). Tho, you are right that still the best investment is on Assets like real estates.
Sure. It's much less of a bad idea if you live in a country that has a strong economy like the United States. But saying that "storing your wealth in fiat is not a bad idea" is completely assuming that the USD will will not drop in value in the long term. Which, is obviously not true. Inflation exists. And what more if hyperinflation takes place? It's definitely not impossible to occur even to a currency as strong as the USD.
Pomp's statement are actually making sense than Mcafee does. Good thing about this guy is that he can accept and be very transparent about his words and when he commits mistake he will admit it.
Storing your wealth in Fiat has been happening already for several decades and it is actually not a bad idea (It only matters on your country's current economy). Tho, you are right that still the best investment is on Assets like real estates.
My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
Storing your wealth in Fiat has been happening already for several decades and it is actually not a bad idea (It only matters on your country's current economy). Tho, you are right that still the best investment is on Assets like real estates.
Well, a lot can be said about the smart people that are invested in Bitcoin. A guy like him with his roots in Facebook and SnapChat stand as evidence for that. 
It is only the old guys like Warren Buffet who needs to be educated by the younger generation now, because they only support old financial products that were taught to them by old school financial gurus.
It is only the old guys like Warren Buffet who needs to be educated by the younger generation now, because they only support old financial products that were taught to them by old school financial gurus.
This Pompliano guy is all over the forum today.Why is he so important?
probably some bigshot that recently set their sights on crpyto; that's just a guess though.And yeah,holding 100% of savings in fiat money is a bad decision.
holding 100% of your savings in any one currency / commodity is a bad idea. seems to me this man has accepted bitcoin as just another currency, and is simply diversifying. My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
it 100% is a bad idea' not only are you pouring everything into one asset, you are putting it all into an asset that is incredibly volatile. imagine waking up and being worth 10% less then you were the night before. add in the fact you can't really purchase most things easily with just bitcoin, i'd argue having everything in bitcoin (or any cryptocurrency) is worse off then having everything in fiat. most of the world is ding fine with just fiat anyways. This Pompliano guy is all over the forum today.Why is he so important?
His 100K bitcoin price predictions were discussed 10 times in the Speculation sub-forum.
For me,this guy is another Novogratz or McAfee.A pseudo-expert in crypto that makes big predictions,just because the market is bullish.
And yeah,holding 100% of savings in fiat money is a bad decision.
His 100K bitcoin price predictions were discussed 10 times in the Speculation sub-forum.
For me,this guy is another Novogratz or McAfee.A pseudo-expert in crypto that makes big predictions,just because the market is bullish.
And yeah,holding 100% of savings in fiat money is a bad decision.
Exactly, one needs to invest in crypto.
This Pompliano guy is all over the forum today.Why is he so important?
His 100K bitcoin price predictions were discussed 10 times in the Speculation sub-forum.
For me,this guy is another Novogratz or McAfee.A pseudo-expert in crypto that makes big predictions,just because the market is bullish.
And yeah,holding 100% of savings in fiat money is a bad decision.
His 100K bitcoin price predictions were discussed 10 times in the Speculation sub-forum.
For me,this guy is another Novogratz or McAfee.A pseudo-expert in crypto that makes big predictions,just because the market is bullish.
And yeah,holding 100% of savings in fiat money is a bad decision.
The proven wisdom is never put all of your eggs in one basket that is why diversification is the name of the investment game. However, make sure that all of your other baskets are vetted well as we should be avoiding non-performing assets. Cryptocurrency has been regarded to possess a higher potential to churn our profits much better than stocks, gold, derivative. commodities and even forex though it can come to be riskier likewise due to extreme volatility.
Yeah!! warren buffet's quoted proved here.
My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
The proven wisdom is never put all of your eggs in one basket that is why diversification is the name of the investment game. However, make sure that all of your other baskets are vetted well as we should be avoiding non-performing assets. Cryptocurrency has been regarded to possess a higher potential to churn our profits much better than stocks, gold, derivative. commodities and even forex though it can come to be riskier likewise due to extreme volatility.
Well!! Anthony Pompliano has shown his adherence towards the world’s most valuable cryptocurrency, Bitcoin.
During the interview, when a journalist asked Pomp “whether putting 50% of his wealth into the leading digital currency bitcoin (BTC) was a risky move”, Pompliano replied saying that “risk is relative for every individual”.
Pomp claimed that:
“I Would Make The Argument That Having 100% Exposure To Fiat Currencies Is A Really Bad Idea. Right? Because If One Of Those Fiat Currencies That You Have 100% Of Your Wealth In Either Hyperinflates Or Fails, You’ve Got A Lot Of Problems.”
What's your take on this?
During the interview, when a journalist asked Pomp “whether putting 50% of his wealth into the leading digital currency bitcoin (BTC) was a risky move”, Pompliano replied saying that “risk is relative for every individual”.
Pomp claimed that:
“I Would Make The Argument That Having 100% Exposure To Fiat Currencies Is A Really Bad Idea. Right? Because If One Of Those Fiat Currencies That You Have 100% Of Your Wealth In Either Hyperinflates Or Fails, You’ve Got A Lot Of Problems.”
What's your take on this?
Jump to: