Do you think it's irresponsible to only have bitcoin in a portfolio?
That is to say, do you diversify just in case?
I'm considering selling off all other investments. I don't care about anything else. I have gold and silver but is so fucking boring. I don't value metals but I know other people do so I have them.
I do some tech 🤷🏽♂️
Yes is irresponsible, don’t do that, you’ll maybe regret if things go wrong.
Have some hard assets like gold or lands.
And you must think if Monero is a good privacy coin for you to have in the worst case scenario if Bitcoin is banned.
My opinion is just an opinion you should verify by yourself.
If Bitcoin is banned you better hope you have enough bitcoin, because it will moon harder than you've ever seen.
At this point I just hold a little bit of some other stuff for funsies. I am irresponsibly long Bitcoin, but it feels like the safest thing to do
I like to diversify my investments including other crypto projects. However, BTC is king.
I mean, it makes sense to have some other investments to smooth out the variance depending on your risk tolerance. Owning your own place is pretty reasonable I would say
My only problem with owning my own place is not having the money invested be liquid enough for me to make money with my money. And then sinking more money into the place for maintenence, upgrades, etc...
I'm renting for the foreseeable future.
I am generally risk adverse.
My one of my passions before Bitcoin was equities.
I have my FOMO equity portfolio... it is liquid in a brokerage account.
I've sold some of the garbage off and bought more #Bitcoin with the funds.
Also my 401K, which my employer matches on my biweekly contribution.
Obviously one can't touch a 401K or IRA without a large early withdraw penalty.
Bitcoin is my hedge against the traditional financial system and literally
all my free cash has gone into stacking BTC for the past 3.5yrs.
ALL of my friends and family think I am insane for my unabashed passion for #Bitcoin. fk um!
Diamond hands though. I hope you still have Gamestop ;-)
We're fully diversified into bitcoin.
While Bitcoin can show remarkable performance, it's generally wise to diversify one's portfolio. Putting all eggs in one basket always carries risks. Every investment decision should be carefully considered. 🌐💰 #Bitcoin #InvestmentStrategy
From a total net worth perspective, I would diversify with real estate & cash as the next biggest allocations after Bitcoin. I did roll 100% of my stocks into self-custodied Bitcoin though.
In the 8 months since, that decision has performed better than any equity investment I ever made.
