mines never laughed at me but he has stated i have big cajones for not selling more than i did during the `17 bull run.
hes actually very interested and we always talk about it when i meetup with him. ive told him 1% has a very limited downside and a potentially stupid high up side and he agrees. but he hasnt recommended it to any clients afaik. which a cant say that i blame him, at this point. he needs to fully understand it 1st of all. and hes pretty old school, which is fine by me. he covers the low risk stuff (per my instructions), as ive always told him i have the high risk bit covered. he certainly agrees on the high risk bit lol. but he is absolutely impressed with my btcs performance.
Thanks for sharing some of your back and forth with your financial advisor. Recently, I have kind of gotten into the 5% to 10% recommendation area for people, but I still stick with the conservative 1% as you mentioned as kind of a bare (bear?) minimum..
In any case, it seems that we continue to be really early adopters in terms of BTC, and most financial advisors are going to be negative or dismissive about BTC, so it is good that you have some kind of a dialogue going with your financial advisor even though it is likely that he has a bit of a financial biased against BTC since there are very few BTC financial instruments in BTC in which they could recommend BTC and that they can also makes some money too (on fees).
Still, also contrary to one of your interests of your financial advisor is that one of the best and most powerful ways to invest in bitcoin is directly, rather than going through a financial advisor, which, in the future, may cause you to wonder about why you are investing much of anything through your "financial advisor" and allowing that third party to take fees from you and likely to be underperforming your BTC investment(s).
When we talk of %invested, do we mean original amount invested, or current ratio? Because mine are VERY different.
I think that there are a lot of ways to frame the matter, and my point above was mostly to discuss initial investment. If someone is a nocoiner or only has a small portion of his/her investment in bitcoin, then a major consideration should be about how much to initially invest into bitcoin.
Of course, if anyone has gone through periods of considerable BTC exponential growth such as 2013 or 2016/2017 (funny first one had two bubbles in one year, and second one took two years to play out), then there are going to be considerations about whether or not the investor should reallocate to bring distribution of investments back in line with the original investment allocations. Certainly, tough decisions to make, and personally, I tend to believe that it can be quite prudent to perform some reallocation; however, in bitcoin if you have achieved disproportional allocation in bitcoin due to BTC price appreciation, then there may be less of a justification to actually reallocate back to original percentages - and the equity that you have built in bitcoin causes a certain amount of justification to continue with much higher allocations in BTC because the BTC portion mostly becomes a kind of icing on the cake and a kind of house money, and if you had been investing into BTC with money that you were willing to lose, then you should still be able to continue to sustain your lifestyle with your other non-btc investments without taking drastic measures to remove BTC investment value.
On the other hand, if you started investing into bitcoin when BTC prices were much higher than they are now, and your current BTC portfolio is in the negative, then there is likely little to NO need to change your investment approach, and in fact it may become easier to end up investing in the higher end of the range of the 5% to 10% of value because if the BTC price is in a kind of falling trend relative to the rest of your portfolio, then putting the equal amount of money that you had been putting into BTC might cause your total amount into BTC to more easily gravitate towards the higher end of the 5 to 10% range without any considerable effort from you or even any feeling of additional risk (since, hopefully, you are investing with money that you could afford to lose - if BTC were to go to zero).
That's my perspective of some considerations of whether reallocation might be considered, and the kinds of calculations that BTC HODLers/accumulators should be attempting to account in terms of their own financial circumstances - including cashflow, other investments, timeline, risk tolerance and how much time s/he wants to spend playing around with his/her investment (which might include buying/selling some on price swings to attempt to ameliorate some of the extremes and to hopefully profit from likely ongoing BTC price volatility).
