Re: The Bullish Media Center (The 1 stop Bullish BTC news source)
If we were to consider all of my holdings in various places, I'm 40% crypto (All BTC at the moment; I did have some ETH for approximately 10 hours), 8% silver, 15% gold and the rest in FIAT. I don't trade any stocks but I probably should. Wish I had bought stock in Amazon this time last year for instance.
You are exactly correct to consider the diversification or lack thereof concerning your various financial holdings.. and you seem to be quite a bit more diversified than a lot of the folks who participate in various BTC talk forums.. But, yeah, everyone has their starting points in terms of investments that may take a while to develop and sometimes it takes a while to redistribute allocations..and sometimes we may need to reallocate on the fly (with some risk).
I feel diversification is mandatory. Never have all of our eggs in one basket.
Yes, sometimes we have to reallocate on the fly. I've only done this one time. I sold my gold when it was at $1,400 but recently bought 10 ounces again in January. I bought 600 1 oz. silver eagles back in February from MCM. Each box has 200 silver eagles with 10 tubes that have 20 silver eagles in each tube. I took out only one box for the following photo because it is inconvenient to get it out of my special hiding place built just for these 3 boxes in my home. My gold is in an even more inconvenient to access location. I find safes to be more of a means of advertising to potential burglars, "Come get me" than an inconspicuous hiding place that's almost impossible to find without tearing up my home. I have a simplisafe alarm system. http://simplisafe.com I absolutely love it. It's an affordable alternative to wired security systems. Simplisafe is "wireless."
Of course, everyone's distribution is going to differ, and I have quite a bit in various fiat related investments, index funds, business matters and initially, I had intended to invest (slowly move over a 6-12 month period) up to about 10% of my total quasi-liquid investments into BTC, and then see how it played out thereafter. So I pretty much accomplished the reallocation through 2014 (which was not really the best time to make such plunge, but whatever), and after BTC prices went up starting in late 2015 and currently, my distribution quasi-liquid holdings seems to be somewhere around 13 to 14% in BTC.
I'm ignorant when it comes to index funds, securities, derivatives, etc...
Yes, I imagine 2014 was a rough time when reallocating a portion of your holdings in other areas to BTC. It appears you are beginning to see some light at the end of the tunnel in regards to BTC.
Yeah, each of us are going to make different choices regarding this (diversification), and the extent that we may need to redistribute and at what times and also depending on our timeline. Maybe 40% in BTC is too risky, yet that seems to be a question that you need to decide and maybe even reconsider from time to time depending on how the various markets play out, and your personal assessment of various markets in your total portfolio.
Yes, of course. There are times I have sold ALL of my BTC due to an obvious dump and had a very large portion of my holdings in FIAT for weeks. However, I feel quite comfortable with my percentage of holdings in crypto [Mainly BTC]. I feel as long as one stays on top of it to protect it as if it were their own son or daughter, there should not be much risk as one might think.