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At risk of stirring up a ruckus, if the outcomes of Bitcoin are either $0 or infinity, isn’t there a valid case to be made for owning too much bitcoin as we stand here today ?

The difference in livilihood of having more infinity coins isn’t much compared to your whole networth going to 0, no?

I’m asking to check myself.

#asknostr

Svoboda 1y ago

First, I don't believe it can go to zero. Even if it does fail, it will have nostalgic or collectible value to a large group of people. It will retain value at some level. But I digress.

I think you need time included in your equation. Getting to infinity could take hundreds (maybe thousands) of years but you only have a tiny subset of the timeline. So in your finite amount of time, will there be something better to store your wealth in? Maybe? I've not seen it on my timeline.

Pivoting to your aversion to risk, that may be where you need to determine if you would rather forgo the opportunity cost of having "too much" bitcoin in exchange for feeling safe or stable.

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Discussion

SovereignScott 1y ago

That’s why I said “as we stand today”, I do agree if it continues to compound like it has, then yes it makes sense to be more allocated over time.

I’m just thinking decades from now, how much will your life or your kids life change if you only have, say 4 Bitcoin vs. 5, probably not much. But if your if your net-worth today is in BTC and it becomes a collectible, it really alters your families trajectory…

this is how I’m trying to push back on my over allocation…

Svoboda 1y ago

If you feel like you're overallocated, you're overallocated. The most valuable thing, to me at least, is peace. I'm not interested in looking over my shoulder, not being able to sleep soundly, etc.

So don't overthink it in this case.