you are right about the perceived early adopter dynamics obscuring long term motives in later entrants
That needs to be discussed more and addressed
Topic: Bitcoin as diversification (Read 866 times)
Weird choices. No exclusive ranges? (E.g. almost everyone could pick <100%), no 100%, no granularity between 48 and 100?.
Why not:
[0 - 0.5)
[0.5 - 1)
[1 - 2)
[2 - 4)
[4 - 8)
[8 - 16)
[16 - 30)
[30 - 40)
[40 - 50)
[50 - 60)
[60 - 80)
[80 - 100)
Is anyone really bothering to figure out their percentage of their net worth for assets that constitute less than 1% though? Who cares about precision with tiny amounts?
Why not:
[0 - 0.5)
[0.5 - 1)
[1 - 2)
[2 - 4)
[4 - 8)
[8 - 16)
[16 - 30)
[30 - 40)
[40 - 50)
[50 - 60)
[60 - 80)
[80 - 100)
Is anyone really bothering to figure out their percentage of their net worth for assets that constitute less than 1% though? Who cares about precision with tiny amounts?
10% presently
Target 25%
Target 25%
Age: 55
<1.5% with a desire to grow to at least 10%
My position is, I have deep concerns regarding the US Federal government monetary policies. I want a hedge against the inevitable inflation coming. Commodities, e.g. physical gold, are one form of diversification but not without their cons.
*If* Bitcoin flops (seems unlikely) then at <1.5% of my net worth I'll be ok -- one less cruise during retirement. *When* the inflation hits, if Bitcoin hasn't flopped then it should preserve wealth nicely.
This early adopter capitalization is great but obscures the thought processes of folks around me. The pressure to take profits is relentless. If I reach or exceed my target portfolio goal of at least 10% in Bitcoin then to appease my friends/family I will cash out my original investment (unless they've come around to my way of thinking).
<1.5% with a desire to grow to at least 10%
My position is, I have deep concerns regarding the US Federal government monetary policies. I want a hedge against the inevitable inflation coming. Commodities, e.g. physical gold, are one form of diversification but not without their cons.
*If* Bitcoin flops (seems unlikely) then at <1.5% of my net worth I'll be ok -- one less cruise during retirement. *When* the inflation hits, if Bitcoin hasn't flopped then it should preserve wealth nicely.
This early adopter capitalization is great but obscures the thought processes of folks around me. The pressure to take profits is relentless. If I reach or exceed my target portfolio goal of at least 10% in Bitcoin then to appease my friends/family I will cash out my original investment (unless they've come around to my way of thinking).
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