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I still have yet to find anyone who can convince me that holding BOTH cryptos and precious metals is unwise. Personal circumstances of course would influence which particulars and in what quantities should be held.
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I still have yet to find anyone who can convince me that holding BOTH cryptos and precious metals is unwise. Personal circumstances of course would influence which particulars and in what quantities should be held.
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And you will not find such a person. I can tell you once a friend gave me a book on mathematical background of investments. I don't have the book now, and I don't remember the equations, but the bottom line of that analysis sunk very deeply: the best (EDIT: and most sure at the same time) returns one gets from maximaly divergent assets, in terms of their mutual correlation. So it seems that gold and crypto are not correlated particularly well and it would be good to have them both in your portfolio.
I too saw some math long ago about how a wide diversification gets better returns (not to mention safer), not in a book, but somewhere. Safety is very important to me. That is why my limit of holding cryptos is about 1%.
Of course that will limit any BTC/BCH/ETH/LTC (etc.) gains should they skyrocket. But, each crypto looks risky and volatile, and the technology keeps changing (not to mention .gov meddling).
Nice comment! I tried to "merit" you, but am not sure if I have this new feature here figured out.
Thank you, it is very kind and nice welcome coming from you.
I was thinking about it some more after I posted my comment and I figured out that I was not precise enough when I said about returns being "the best (and most sure at the same time)". The author I was referring to, he had a probabilistic model behind investment strategies and his results were expressed in terms of expected value and variance. He showed that one is able to keep expected value high while minimizing the variance when he chooses his portfolio to minimize correlation.
I will try to get the title and author's name and get back to you, if it is of interest to you.
And again: thanks for the warm welcome
