Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17120.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: Wekkel on May 26, 2017, 09:10:48 AM

Quote from: bitserve on May 26, 2017, 08:46:26 AM

Quote from: Wekkel on May 26, 2017, 08:42:45 AM

It makes a difference whether you have $1,000 to invest or $100,000.

Got my point?

Of course. What I mean is that it is useless to diversify with only $1,000. Better take a well researched assymetric bet than focus on below 5% returns in a richly valued asset investment environment. If there is no assymetric bet to play, perhaps even better to keep cash and plow it in only after a stock market crash.

Yes, I do agree with that. It's only when things start to get serious when you need to start diversifying some unless you already are. Going all in is not that crazy when you have (almost) nothing to lose.

podyx

legendary

Activity: 2338

Merit: 1035

Retracing deeper for the second time than I would like to see..

Could the bubble be popping already?

SnokkomBTC

hero member

Activity: 559

Merit: 500

bottom?

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: bitserve on May 26, 2017, 08:46:26 AM

Quote from: Wekkel on May 26, 2017, 08:42:45 AM

It makes a difference whether you have $1,000 to invest or $100,000.

Got my point?

Of course. What I mean is that it is useless to diversify with only $1,000. Better take a well researched assymetric bet than focus on below 5% returns in a richly valued asset investment environment. If there is no assymetric bet to play, perhaps even better to keep cash and plow it in only after a stock market crash.

luckygenough56

legendary

Activity: 1526

Merit: 1012

it's critical and it's a time

simmo77

sr. member

Activity: 373

Merit: 250

Quote from: ?? on ??

Boy someone yesterday was awfully sure of himself that selling was such a bad idea ".....we be going uppity."

I remember that too.
bettemidler.gif

ARTISTCOLONY

newbie

Activity: 56

Merit: 0

Quote from: ErisDiscordia on May 26, 2017, 08:55:27 AM

Looks like the 2nd leg of the dumpage is incoming. How low will it go?

try to dump I WILL CALL WARREN lololololol Wink

ARTISTCOLONY

newbie

Activity: 56

Merit: 0

Quote from: Holliday on May 26, 2017, 08:49:48 AM

Quote from: Torque on May 26, 2017, 06:36:40 AM

You're right, bitcoin is not a currency. It's a payment network.

I'd call it a "distributed truth ledger".

any attempt to censor or subjugate bitcoiners freedom will fale. Cool

https://jodyforehand.files.wordpress.com/2009/10/surf1-ra-full.jpg

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Looks like the 2nd leg of the dumpage is incoming. How low will it go?

ARTISTCOLONY

newbie

Activity: 56

Merit: 0

Quote from: Torque on May 26, 2017, 08:40:29 AM

I'm gonna play the devils advocate here and say, if you are young, are smart and do your research, and have a good career (and thus money to invest), then diversification is a terrible idea.

Here's why.

When you're still young (in your 20's), you still have you're whole life ahead of you to invest. So it's smarter to do the research, and focus on some higher risk/reward investments earlier on. If you try and fail, you're still young and have more time to start again.

If you divest too much when your young, then you'll just lose out on big potential gains early on that compound later. Sure you'll eventually retire with a nice safe $500k, or maybe $1-2M, but that'll take you 30-40 yrs to get there. And it won't be enough. If you focus on higher risk earlier on and diversify when you get older, then you'll realize maybe 2x-4x gains over that amount.

It's a different ballgame when you get older. You no longer have the benefit of time (or $$$, as your expenses have increased and likely your relative income has decreased) so you have to play it much safer moving forward.

Either that, or if you are starting over at an older age with next to nothing saved, have to take BIG risks to make up for lost time. Sadly many have to try and do that today. #YOLO

ALWAYS diversify your shitcoins!! Cool

#pro-tip

Holliday

legendary

Activity: 1120

Merit: 1012

Quote from: Torque on May 26, 2017, 06:36:40 AM

You're right, bitcoin is not a currency. It's a payment network.

I'd call it a "distributed truth ledger".

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: Wekkel on May 26, 2017, 08:42:45 AM

It makes a difference whether you have $1,000 to invest or $100,000.

Not really. It's mostly about percentages and relativity.

What would you say about a guy such as loaded that has 40.000BTC in one Bitcoin addresses that he haven't even touched in years? Should he sell or not? All or part of it?

If he is already well diversified (in fact he invested in Bitcoin after being already "rich") he can take the risk and go on for the great profits.

If he would give you all that 40.000BTC... you would better start diversifying INMEDIATELY.
Got my point?

Torque

legendary

Activity: 3766

Merit: 5380

Quote from: Wekkel on May 26, 2017, 08:42:45 AM

It makes a difference whether you have $1,000 to invest or $100,000.

Yes, but age matters too.

The 20 yr old with $1000 invested will likely end up retiring with MORE $$$ than the 40-50 yr old who invests $100k.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

It makes a difference whether you have $1,000 to invest or $100,000.

Torque

legendary

Activity: 3766

Merit: 5380

I'm gonna play the devils advocate here and say, if you are young, are smart and do your research, and have a good career (and thus money to invest), then diversification is a terrible idea.

Here's why.

When you're still young (in your 20's), you still have you're whole life ahead of you to invest. So it's smarter to do the research, and focus on some higher risk/reward investments earlier on. If you try and fail, you're still young and have more time to start again.

If you divest too much when your young, then you'll just lose out on big potential gains early on that compound later. Sure you'll eventually retire with a nice safe $500k, or maybe $1-2M, but that'll take you 30-40 yrs to get there. And it won't be enough. If you focus on higher risk earlier on and diversify when you get older, then you'll realize maybe 2x-4x gains over that amount.

It's a different ballgame when you get older. You no longer have the benefit of time (or $$$, as your expenses have increased and likely your relative income has decreased) so you have to play it much safer moving forward.

Either that, or if you are starting over at an older age with next to nothing saved, have to take BIG risks to make up for lost time. Sadly many have to try and do that today. #YOLO

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: Elwar on May 26, 2017, 08:21:36 AM

Quote from: bitserve on May 26, 2017, 06:47:55 AM

Quote from: zojav on May 26, 2017, 06:22:43 AM

"Diversification is key to any long term sucessful wealth"

Good thing he did`nt take this advise 5 years ago.

I wouldn't have given him that advise 5 years ago. Only when when ONE MAIN investment (which is also of high risk) reaches to a point in which it would be somewhat lifechanging if it failed entirely. Otherwise, not that much need to diversify.

Everyone's portfolio is different. For example, I am still diversifying INTO Bitcoin.

And yes, sometimes you need to exchange potential profits for lower risks/safety to protect your wealth in the long term.

I was warned to diversify back in 2010 by old system investors.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

-Warren Buffett

I don't know what situation you were in 2010. And I am not even sure what situation you are now, apart of some very slight idea from your own comments. But if I had most my eggs in a high risk (cryptocurrencies are) investment I would diversify at least SOME of it.

It's funny Warren Buffet said that when he is, and has always been, one the persons with a most well diversified wealth in the world (You just have to look how many and how wide diversity of assets Berkshire owns).

And not everybody is Warren Buffet... Heck, not even Warren Buffet would be THAT Warren Buffet without a bit of luck on its side.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: bitserve on May 26, 2017, 06:47:55 AM

Quote from: zojav on May 26, 2017, 06:22:43 AM

"Diversification is key to any long term sucessful wealth"

Good thing he did`nt take this advise 5 years ago.

I wouldn't have given him that advise 5 years ago. Only when when ONE MAIN investment (which is also of high risk) reaches to a point in which it would be somewhat lifechanging if it failed entirely. Otherwise, not that much need to diversify.

Everyone's portfolio is different. For example, I am still diversifying INTO Bitcoin.

And yes, sometimes you need to exchange potential profits for lower risks/safety to protect your wealth in the long term.

I was warned to diversify back in 2010 by old system investors.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

-Warren Buffett

simmo77

sr. member

Activity: 373

Merit: 250