Quote from: bitserve on November 02, 2017, 08:04:00 AM

Quote from: JayJuanGee on November 01, 2017, 10:59:55 PM

Quote from: BobLawblaw on November 01, 2017, 09:21:11 PM

Quote from: bitserve on November 01, 2017, 08:52:32 PM

Surely gold or any other traditional investments didn't have the ROI of BTC but...... maybe it contributed to the ROI of your Bitcoin stash.... How? Well, once you already have extracted/diversified enough into other assets (like gold) that you feel financially safe you can let your BTC roll without that much care than if you didn't.
My point is stable (bad performing) assets are another piece in the puzzle of financial safety. Or at least that's what I tend to think, but I like to hear more opinions about it.

Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains.

If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting.

Any investment not likely to pull in greater than 8% a year bores me.

I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short.

Common BobLBL>>>>>> you know better than that.

What bitserve is saying is that in time 1, you do not know for sure which assets are going to perform better or worse, and you are attempting in time 1 (hopefully?) to figure out ways to hedge your bets while at the same time hoping for the best possible performance. Surely in time 2, you can see in retrospect which assets did better (and in this case it was bitcoin), but you did not know that in time 1, but your investment in gold in time 1, perhaps, allowed you to feel more willing to risk more into bitcoin because you had that hedge that was already in place.

Again, now in time 2, you have a new perspective about gold and you are reconsidering your previous assumptions... Nothing wrong with that, but many of us likely realize that the world has changed somewhat because of bitcoin and also because of bitcoin's performance, not only on a personal level (because we happened to invest) but also on a perspectives level, concerning which assets (or asset classes) have better likelihoods to beat certain performance thresholds, such as greater than 8% as you mentioned that to be too low... hahahahahaha.. whatever. Tongue

Yup. That's exactly what I was meant to say even if I poorly worded it.

It is interesting how Bitcoin has distorted some of our previous concepts in that an annual 8% gain is considered some sort of minimun reasonable ROI.

Anyway, I think Bob introduced some interesting idea such as that if you have several different "risky" (with better ROI's) investments then you are somewhat diversified/hedged enough without that much need of boring/conservative traditional investments. I guess that's something you can only safely do when you are already well "covered" as he seems to be. Interesting.

Maybe we are all going to get spoiled and confused?

I mean we hear a lot of nutjob folks saying that they don't believe in shit, unless it is talking about 100% 500% or some other outrageous number, and that is why the invest in x, y or z ICO instead of bitcoin. They say that yeah you might get a doubling or tripling out of bitcoin, but it is easier to get a 40x out of one of these ICOs.. blah blah blah...

Anyhow, I still think that expecting BIG ASS returns is a dangerous and possibly unrealistic mindset (even though bitcoin has been doing very good lately and very good over any kind of several year snapshot.

When I got into bitcoin, I was kind of hoping to beat my average performance over the previous 20 years or so, which was overall a bit under 6% per year... And my first two years in bitcoin, I was in the red including periods of more than 65% in the red - that is average buy prices of over $500 with bitcoin dipping quite below $200 on a couple of occasions... So yeah, I was still quite happy by the time we got into the $500s and I was back into positive territory and then getting into the $600s clearly brought me into an overall average that was greater than my average of traditional investments.. so anyhow, there has been a lot of icing on the cake, and I am a little afraid to say this, but I have a 401k plan that has a really decent amount of money in it and more than 15 years of building; however, in early 2017, my BTC investment was on parity with it and even surpassed it and even now is getting to be like 4x the value of my 401k plan with way less amount of money placed into bitcoin over a much shorter period of time.

So, yeah we may be getting to a point of spoiled with bitcoin and maybe bitcoin has to come down to some reasonable amounts of return at some point - however, upon reflection some of the ICOs are just pie in the sky missing the bitcoin boat, and difficult for long term - but it seems that there could be some ICO gems that do cause some kind of considerable assurance of exponential performance...

Personally, I am good enough with bitcoin and my already gotten profits and even hedging and distributing what I already have and I just feel that there is so much icing on the cake and I don't want to fall into some kind of state of real grand and approaching unrealistic expectations regarding performance and I am just going to be happy with my already gotten returns that are more or less a lifetime of reward, and I can die happy.. not that I am going to die.. because I think that I can reasonably spend my bitcoin profits and still be way richer than I had even expected to be... Thank you bitcoin.... and all the peeps behind it... and thanks to the HODLers.. hahahahahahahaha

NOW.. we gots to get our butts out there and ensure that our coyns are secured. Wink