Topic: Buy the DIP, and HODL! - page 429. (Read 108263 times)

Basically I don't mind someone's decision to diversify their assets instead of just bitcoin. Of course I don't want to elaborate on the potential benefits of diversifying them, but let's be honest that such an approach can never go completely wrong in your investment plan.

You are right; that's the reason why some people cease to invest in Bitcoin and land themselves in a hot soup of shitcoins, but still end up regretting their decision when they can't get any profit. Some people usually have the mindset that Bitcoin is too expensive to buy a whole, but I still try to convince anyone I come across with such a mindset, telling them that they don't need to buy a whole of Bitcoin at once, nor do they need to save for many years before they can buy one Bitcoin at once. If one is still consistent in their accumulation, either weekly or even monthly, depending on how often they are getting the cash inflow, then they might still be able to accumulate a huge fraction of Bitcoin before they realise it.

It seems to me that bitcoin is going to continue to eat gold's lunch, just as it has done in the past 10 years or more, so on an individual level you likely need to figure out how much to waste your time, energy and value to place it into gold... but whatever, each of us need to decide for ourselves the extent to which we might end up diluting our bitcoin investment into things like gold... I would suggest don't waste your time and money to invest any more than 10% of the value of your bitcoin investment into gold, but hey, you can do what you like.

Fuck gold.

It is not a good idea to incorporate gold into your investment portfolio.. especially when we are here talking about bitcoin, and are we again going to getting into those nonsense gold versus bitcoin discussions when we are supposed to be talking about bitcoin - and surely there are other threads about that or if not other threads can be made.

Ok... let me bite a bit on this topic. Sure if you are used to gold, and you have some systems to actually interact with gold that you already know, then sure maybe get a bit of exposure to it.  Otherwise, you should realize that bitcoin is in about the territory of 1,000x better than gold, so even if it takes 100 or 200 years for bitcoin to actually reach its fair/appropriate price in respects to gold, you should be able to pretty much recognize and appreciate the direction that the whole thing is going (when it comes to gold versus bitcoin and the fact that currently bitcoin is priced about 1/20th of the current market price of gold. which surely we can already see that bitcoin has been closing the gap and has closed the gap a lot over the past 10 years or so - and maybe the first few years of bitcoin's history might not count as much when it comes to having some kind of a monetary starting point), so in that regard, gold remains a BIG ass waste of time, energy and value (and in essence a distraction - and likely a way to help you in terms of your having fun staying poor) to be fucking around with gold - when there is bitcoin.

Another supporting point is that if you consider bitcoin to be a kind of hedge against the whole system in the context of history in which gold was serving that purpose, then bitcoin has largely taken that use case for gold and is about 1,000x better than gold in terms of its verifiability, divisibility, transportability, securability (and cost of security) and even scarcity.

-snip-

Talking about the amount of investment, it really comes back to each individual because he will do it according to his abilities, indeed the monthly amount is quite large and the average standard salary in several countries is indeed not enough for that, but if he has a good position in his job, he will definitely able to do it.
In my view, collecting bitcoins at a total price of $ 20 / day is of course an inappropriate strategy in my opinion, because it will take a lot of transaction fees which are quite hefty if collected, it is better to extend the purchase interval, for example once every 2 weeks or once a month with a total amount the same one.
For example $ 20 X 14 days (two weeks break) = $ 280, and he only makes 2 transactions to make purchases in one month, in my opinion this method is more effective and economical for buying bitcoin.

Hahaha Jay what a coincidence, I also want to say fuck gold!!

2 days ago my wife told me that before getting married she collected 6 pieces of Antam gold which she repays every month but she forgot to keep them. 2 hours later the gold was found in a shabby wallet. I laugh how much it costs now? while showing my Bitcoin portfolio and saying this is a lesson for you, don't keep gold, rather sell the gold and put the money from the sale into Bitcoin, the results will show. If you lose gold, no one can return it, whereas Bitcoin can be returned if you hold the seed of recovery. The simple lesson of this short story made my wife follow the advice. This morning he went to the market to exchange his gold and handed me the money saying put it in Bitcoin!!!!

Hahaha Jay what a coincidence, I also want to say fuck gold!!

2 days ago my wife told me that before getting married she collected 6 pieces of Antam gold which she repays every month but she forgot to keep them. 2 hours later the gold was found in a shabby wallet. I laugh how much it costs now? while showing my Bitcoin portfolio and saying this is a lesson for you, don't keep gold, rather sell the gold and put the money from the sale into Bitcoin, the results will show. If you lose gold, no one can return it, whereas Bitcoin can be returned if you hold the seed of recovery. The simple lesson of this short story made my wife follow the advice. This morning he went to the market to exchange his gold and handed me the money saying put it in Bitcoin!!!!

Fuck gold.

It is not a good idea to incorporate gold into your investment portfolio.. especially when we are here talking about bitcoin, and are we again going to getting into those nonsense gold versus bitcoin discussions when we are supposed to be talking about bitcoin - and surely there are other threads about that or if not other threads can be made.

Ok... let me bite a bit on this topic. Sure if you are used to gold, and you have some systems to actually interact with gold that you already know, then sure maybe get a bit of exposure to it.  Otherwise, you should realize that bitcoin is in about the territory of 1,000x better than gold, so even if it takes 100 or 200 years for bitcoin to actually reach its fair/appropriate price in respects to gold, you should be able to pretty much recognize and appreciate the direction that the whole thing is going (when it comes to gold versus bitcoin and the fact that currently bitcoin is priced about 1/20th of the current market price of gold. which surely we can already see that bitcoin has been closing the gap and has closed the gap a lot over the past 10 years or so - and maybe the first few years of bitcoin's history might not count as much when it comes to having some kind of a monetary starting point), so in that regard, gold remains a BIG ass waste of time, energy and value (and in essence a distraction - and likely a way to help you in terms of your having fun staying poor) to be fucking around with gold - when there is bitcoin.

Another supporting point is that if you consider bitcoin to be a kind of hedge against the whole system in the context of history in which gold was serving that purpose, then bitcoin has largely taken that use case for gold and is about 1,000x better than gold in terms of its verifiability, divisibility, transportability, securability (and cost of security) and even scarcity.