Surely gold or any other traditional investments didn't have the ROI of BTC but...... maybe it contributed to the ROI of your Bitcoin stash.... How? Well, once you already have extracted/diversified enough into other assets (like gold) that you feel financially safe you can let your BTC roll without that much care than if you didn't.
My point is stable (bad performing) assets are another piece in the puzzle of financial safety. Or at least that's what I tend to think, but I like to hear more opinions about it.
Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains.
If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting.
Any investment not likely to pull in greater than 8% a year bores me.
I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short.
Common BobLBL>>>>>> you know better than that.
What bitserve is saying is that in time 1, you do not know for sure which assets are going to perform better or worse, and you are attempting in time 1 (hopefully?) to figure out ways to hedge your bets while at the same time hoping for the best possible performance. Surely in time 2, you can see in retrospect which assets did better (and in this case it was bitcoin), but you did not know that in time 1, but your investment in gold in time 1, perhaps, allowed you to feel more willing to risk more into bitcoin because you had that hedge that was already in place.
Again, now in time 2, you have a new perspective about gold and you are reconsidering your previous assumptions... Nothing wrong with that, but many of us likely realize that the world has changed somewhat because of bitcoin and also because of bitcoin's performance, not only on a personal level (because we happened to invest) but also on a perspectives level, concerning which assets (or asset classes) have better likelihoods to beat certain performance thresholds, such as greater than 8% as you mentioned that to be too low... hahahahahaha.. whatever.