Quote from: bitserve on Today at 11:03:49 AM

Quote from: nullius on Today at 05:19:08 AM

Quote from: JayJuanGee on Today at 04:37:41 AM

overinvested in bitcoin

It’s funny. I never hear people say, “overinvested in (dollars|euros|whatever)”. ;-)

Can one be overinvested in money? Is that like allocating too much cash in your portfolio?

Yes, from a financial perspective, you can be overinvested in $, € or whatever kind of asset. It's all just about balancing/hedging a portfolio. YMMV.

It is sound thinking! You avoid some deleterious illusions.

Most people think of buying Bitcoin as an “investment”, and selling Bitcoin as “cashing out” into what is not perceived as an investment.

Whereas I never perceived Bitcoin as an “investment”. (I would be richer if I did.) It’s just my savings. I used to keep my savings primarily in paper cash; now, I keep my savings primarily in Bitcoin. *shrug*

Quote from: bitserve on Today at 11:03:49 AM

With Bitcoin, due to its extraordinarie appreciation over time, it is somewhat easy to become "overinvested"... even if that was intended or not.

I am probably "overinvested" in Bitcoin currently... but YOLO. Again, YMMV.

* nullius is jealous: I wish that I were “overinvested” in Bitcoin! :'-(''''''

Quote from: dragonvsandroid on Today at 12:14:53 PM

If the state accepted BTC for taxes, I wouldn't have this "problem".
Fyi, my state doesn't. Hence "overinvested".

Sure, understood.

I could make one for the ECB and European states, too.

Quote from: nullius on October 16, 2020, 02:00:15 PM

Meanwhile, sheep are made mutton.

I said “conjoined twins” for a reason. Study history, economics, and political philosophy.
It is no accident that they arrived almost simultaneously—both with roots c. 1909 from earlier seeds, both signed by Wilson in 1913.
They are parts of an integral system.