Updating the old graph... almost 1 year anniversary of the big crash...
Gold is heading back to 'normal' levels of $1600, while BTC is
Off. The. Charts.
Wealth Manager: How is your Bitcoin thingy going then?
Me: Not bad. Do you remember when you asked me to buy $250 index-funds monthly and I said no?
WM: Yeah, I remember. I am sorry you didn't do that as we have a consolidated 12% yearly return.
Me: Yeah, you're right. I am sorry I don't know the exact figures of my btc yearly return as it is
Off. The. Charts. 12% yearly is pretty damned good for traditional investments (of course bitcoin beats that in almost any timeline of any kind of significant timespan of 4 years or more).
I know JJG but when you get exposed to Bitcoin, the simple idea of having to deal with traditional investments is a pain in the ass.
Can't really deal with that anymore.
I am surely not going to argue in regards to each person trying to figure out exactly where s/he is going to go in terms of either getting an initial allocation into bitcoin and then figuring out some maintenance targets into bitcoin.
So of course if you already have quite a few investments when you hear about bitcoin, you would likely NOT just move all of them into bitcoin right away, especially if you had established those various positions for 25 years or so.
On the other hand, you may study the matter and over the years, put more and more into bitcoin, and if you have been using a consultant, then it might not be too unusual to at least put some of the value into the recommendations of the consultant.
I had never gotten too warmed up to consultants over my years investing, even though there were times in which I went to sessions in which consultants were advertising their services - and sure some people might put some of their investments with the consultants and some people stick with consultants their whole lives and feel relatively good about the whole arrangements.
So, yeah, some of us have likely gotten spoiled by bitcoin, but sure, even with bitcoin some of us took a while to come around to it, and whether some of us might end up being too invested in bitcoin might be a product of time and our personal circumstances to sort out (and find out) the extent that we might have been better off with some variation in our investment approach.
By the way, one of my investments is a kind of 401k..so it's not exactly 100% liquid even though I have had various options over the years in regards to it, and I have told the story before that in 2014 I had been considering whther to liquidate part of my 401k and put it into bitcoin, and I had decided that I had enough in bitcoin.. and another thing is that the value of my bitcoin ended up matching the value of my 401k in about late 2016 and then later surpassing it by multiples even though I invested only a fraction of the amount into bitcoin as I had invested in my 401k.. but I never did diversify out of my 401k.. My 401k still continues to be there and could even sustain me, even though it dwarfs the size of my bitcoin value... and I have no regrets about my various decisions even though I can think about ways that I could have profited way the fuck more, but I don't care because I already profited way more than I expected within any kind of moderately bullish BTC scenario, but the reality ends up playing out even more bullish.