Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Did I do the right thing? I bought shares of MicroStrategy.
by
Poker Player
on 27/08/2021, 14:16:59 UTC
⭐ Merited by fillippone (2)
In light of the latest responses, I will explain why for me it was a separate thing to buy bitcoin/buy stocks.

Anyway, I started buying Bitcoin regularly again, but still allocated money to other investments, mainly an S&P 500 fund and some shares.

Now I only buy Bitcoin. I don't invest in anything else. I used to also contribute to an S&P 500 fund and buy stocks, as I say in that quote. I guess until not too long ago I didn't quite believe that Bitcoin is the most profitable asset on planet earth. When I came to believe it, I stopped investing in anything else and just kept buying Bitcoin.

For me they were separate things, but I was doing them at the same time and regularly: contributing to the S&P 500, buying stocks and buying Bitcoin.

I suppose that investing in MSTR was the previous step, as they were the last shares I bought.

It was a change in mentality from thinking that Bitcoin was a good investment, but better to diversify, to thinking that it was the best investment and therefore not worth diversifying and better to only invest in Bitcoin.

But I have recently decided to go all in with Bitcoin. All the money I can save in a month I put into buying Bitcoin. I don't invest in anything else anymore.

Nor have I gone crazy and sold my other assets or borrow against my equity as Saylor recommends to invest in Bitcoin.

Ah, yes, I am a catastrophist.

I am rather going to call you a:

Jinx

 Wink