Quote from: mindrust on October 02, 2019, 05:39:59 AM

Quote from: JayJuanGee on October 02, 2019, 03:39:41 AM

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.

There is a lot of value to attempting to invest in something that you have some level of comfort, and even if you are attempting to learn along the way - given that none of us should get paralyzed by attempting to study too much.

Quote from: mindrust on October 02, 2019, 05:39:59 AM

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 understand that if you are not ready for anything else, then you are not ready. I can understand why you might keep higher percentage in cash, if you have not invested in anything else (such as index funds or anything like that), but your ratios still do seem to be kind of high... 33% bitcoin and 66% cash - something like that. Whoaza.

Quote from: mindrust on October 02, 2019, 05:39:59 AM

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 before anything else. (EUR is the second best I guess)

Well, yeah all fiat is largely depreciating, but some fiat depreciates faster than others, and the dollar has been pretty strong for the past 10 years or so, which kind of has surprised people, but it is what it is.

Quote from: mindrust on October 02, 2019, 05:39:59 AM

For now Bitcoin is the only game I play.

edit: $81xx, cheap coins are arriving! Grin

I kind of wonder how you do it. When I first started buying/accumulating bitcoin in late 2013, and through 2014, I established my bitcoin buying budget based on how much cash I had in hand and how much cash that I anticipated for cashflow coming in for a six month period. Then I extended the buying/accumulating for another 6 months with largely the same budget as the first 6 months, and I figured that by the end of 2014, I would have about 10%-12% of my total investment value in bitcoin, and largely I met those targets.

After 2014, I thereafter did not feel any kind of compelling reason to accumulate BTC beyond mere DCA with my then incoming cashflow. In other words, I was not allocating more to BTC (by taking from my other investments) but instead just regularly investing with excess incoming cashflow. That second phase lasted through most of 2015, but I had thought that I had reached my target.

You should be in a kind of stage that you have reached your maintenance target (even if you don't really feel like you have enough in BTC). You have a floating balance of fiat that you keep in on reserve in case the BTC price dips more - which seems to be a kind of a 50/50 situation now..... even if I might be thinking that there is a bit of a bullish favoritism, but even if that bullish favoritism were to be true, in mind, such bullish favoritism, remains only so slight. So really I don't feel like I have any kind of confidence, either direction, at least in the very short term, but a year from now, we should have higher prices than we have today.. but I remain only slightly confident in that, too.