Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 11/03/2021, 17:57:26 UTC
Peter Schiff
@PeterSchiff

My son @SpencerKSchiff went all in on #Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his #silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He's HODLing to infinity or bust.

https://twitter.com/PeterSchiff/status/1369695876726276106


Israeli Pension Giant Put $100M Into Grayscale Bitcoin Trust: Report
https://www.coindesk.com/israeli-pension-giant-put-100m-into-grayscale-bitcoin-trust-report

Whether Peter can appreciate the matter or not, his having had a specialty in bashing bitcoin for nearly 10 years provides a kind of vehicle for Spencer to actually look into the matter and come to his own judgement.  Kids can still end up following, accepting and even respecting their parents without doing the same thing or coming to the same conclusions in terms of which thing might be better and why.

As many here have seen some of my earlier posts, I do NOT tend to be a very BIG advocate of going high stakes in any asset class, and so I am not really opposed to the concept of diversification (except when it comes to shitcoins, I am a bit more hostile to diversification within the "crypto"space because bitcoin remains the ONLY one that really seems to have much of any value)... so I tend to NOT be a very BIG fan of having a 100% investment in anything - except surely when you are young and you are still building your various investments, it may well make a whole hell of a lot more sense to focus on building through one asset and getting the value up a bit before engaging in some kinds of potential diversification into other things such as real estate, equities or PMs (even though largely it seems that PMs might not really be very necessary in terms of bitcoin seeming to largely fill those kinds of hedging against fiat kinds of purposes that PMs seem to have had historically provided).