Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by vapourminer (1)
So in some sense, I am all mixed up about what would be reasonable because he seems to be describing a whole different set of circumstances in which a person might chose to invest only in BTC and fiat and not have any other significant or meaningful investments. Sure, such a strategy could be made to be reasonable, but I had kind of presumed that mindrust had other investments (and seems to be that I was mostly wrong). By the way, mindrust seems to be more in the territory of $60k value in BTC and $100k+ value in cash, so surely his situation seems to be a bit more skewed in favor of cash, currently...
I don't know any other investment.
I could have sent $30-50k to the US stock markets but I don't like to read all those regulations about the taxes&stock markets and shit and I am pretty sure this isn't the right time to buy their bags neither. Nope.
Yes, other than a small percentage of gold, I am %100 FIAT&Bitcoin. With $100k in hand It is only enough to buy a half ass decent flat and I am not sure if that's what I want now. I'd rather stay in cash and wait for a crash where and whenever it happens; crypto, the stock markets, gold. (I don't know anything else investment-wise, besides RE) I'll just buy the dip. When I reach $1m, Then I may reconsider of making RE investments. It makes more sense that way.
I DCA into BTC every week/month whenever I can just like I do to FIAT. For me FIAT is kinda investment too because I am buying (mostly) the US-made FIAT with my own national FIAT. FIAT is FIAT in the end and all are shit but I believe the US made FIAT is the last one to go down the toilet after everything else. (EUR is the second best I guess)
For now Bitcoin is the only game I play.
edit: $81xx, cheap coins are arriving!
