I am glad that I don't have to hedge anything since a large chunk of my wealth is parked in Bitcoin already. I do hold a relatively small amount of gold as well, but I am not planning to add more in the coming years, unless the gold price tanks deep, but that's highly unlikely. In other words, I'm good. In most cases people will only act when it's too late already, which makes me feel sorry for them, but on the other hand it's their ignorance and unjustified trust in the regular economy making them lose out. We have been through so many economical difficulties, that people should have had a wake up call years ago already....
A true legend of bitcoin. I will not hold much wealth in bitcoin compared to gold. Probably balancing them is much better. 50:50. But I guess you know what bitcoin has done for you that is why you prefer to hold your wealth in bitcoin. Currently, the price of bitcoin is dwindling, and I can imagine the amount you are losing now. Recently, my friend lost 93 bitcoins because his hard drive crushed.
Me too. I wouldn't put it all in one basket because these things can happen. Bitcoin is also vulnerable to loss, technology can be unreliable at times, there can be failures, etc. It's also hard to wait for Bitcoin to reach spending levels again sometimes so it helps to have something else that can be sold if needed. I always look to see what made the most profit if I need to sell something, and I circulate things that have made a healthy profit. I'd also keep some fiat in stocks, bonds, or other things as well, just because it is still commonly used. Sure, it may not be something we like to use, but it's the way society functions... for now.
