I had that crazy (maybe wasn't so crazy) idea in the morning. I was about to put the rest of all my FIAT (6 figures) to BTC but then I didn't. Did another small $200 DCA instead.
Isn't that a sure bet? I mean who doesn't believe here that BTC won't make it above 9k again? Last time I said these lines it was somewhere between 4k and 6k, and I still didn't buy (I mean not all in), and it damn went above 9k indeed.
From 8k to 9k that was %12 sure gains. (It is %6 now)
From time to time, you come out with some real doozies, mindrust.
Based on my round about idea about the total size of your BTC investment, how the fuck could you have anywhere close to 6 figures of fiat available?
I'll make it easy for you.
From these prices my btc percentage is around %~33-35, the rest is in FIAT and a small amount is in physical gold. (could be ignored) I am pretty sure you can figure out my stash size since you were close enough to guess my btc size.
I had guessed pretty close to your BTC size because you had largely provided it in your earlier posts
, and I added a little bit on to the earlier disclosed amounts to account for some passage of time.. including possibly projecting out.
Of course, you can do whatever you like in terms of your BTC allocations relative to other investments, and of course, the circumstances of guys are going to differ including based on: 1) their age, which surely could affect a) how many past opportunities that they may have had to invest in other assets, besides crypto and b) how much urgency that they feel towards their planning their necessities to liquidate
(of course, younger guys might sometimes get impatient in wanting to get rich quick, but that is a bit of a different question) and 2) the cost of living in the area that they live - which also might end up affecting how much cashflow that they are able to generate, even if they were to possess amongst the best of skills.
I surely have a decent amount of sympathy for various perspectives including the fact that for some younger guys might NOT have ways to meaningfully and easily get into the investment of non-crypto assets, so accordingly, they end up investing all of their investible assets into crypto and keeping the remainder in fiat, which could be something that you are doing, mindrust, even though you are not diversifying amongst crypto because you just have bitcoin, and the other part is fiat... without any other meaningful investments in other asset classes
So, in that regard, I never really thought about fiat as an investible asset, so earlier (and frequently) when I suggested that early adopters into bitcoin should invest 1% to 10% of their investable capital into bitcoin, I am assuming the other 90% to 99% to have been invested in other asset classes, and surely I never really thought about fiat as being one of those asset classes - except upon further reflection, I could appreciate 10% or more that a guy might hold in fiat that is just available for investing (that is apart from emergency expenses and things like that).
So, yeah, you are considering this whole allocation matter in much different ways than me, and it just seems a bit overly risky to me that guys would be considering their whole investments to be divided between bitcoin and fiat and even considering fiat to be a kind of investment (even though concededly fiat does serve as a kind of offset of possible downside volatility, in the event that bitcoin and fiat were the only investments that peeps were to have).
So, ultimately, you could be correct to have higher allocations in fiat when you are already singularily focusing on bitcoin as your only investment, so in that regard, you may be balancing your risk out better to maintain higher levels of fiat (in those kinds of circumstances, even though you know almost certainly that fiat is losing value on an ongoing basis, but surely when BTC prices are correcting violently, then relative to BTC, fiat is largely holding its value).
I am buying shitton of btc that's true but I am keeping (and buying) shitton (plankton for some guys here) in FIAT too.
I don't know what is "plankton."
You don't think my FIAT amount was going to stay same through the years don't you?
I kind of have to rethink this whole matter, if you consider that the only things that you hold are bitcoin and fiat, and that kind of throws me for a loop about how to prepare exactly. I do presume that if BTC is going up rather than down, then you are becoming more wealthy (even in terms of fiat) because the BTC is going up relative to the fiat. There are various forumulas that you can calculate from such wealth appreciation in order to decide how much BTC to sell on the way up because of such increases in your wealth, but since you are waiting until somewhere between $45k and $60k before you even sell any of your BTC, then for sure, if those price amounts are reached, then you should be much more wealthy, of course unless the value of your fiat that you had been holding were to go down in value in the same amount or more, then you would not have become more wealthy from such BTC price appreciation.
So yeah there is a bit of a presumption that your overall wealth, in terms of fiat, is going up with the appreciation of the price of bitcoin, but there is also a bit of a presumption that you are continuing to dollar cost average invest into bitcoin and also to buy on BTC dips, which may or may not cause your overall available fiat to remain the same or to change in either direction.
