Quote from: Free Market Capitalist on Today at 02:08:12 PM

Quote from: JayJuanGee on Today at 03:02:59 AM

To the extent that you are being genuine rather than just trolling, you come off as either distracted or maybe that you have no fucking clue what bitcoin is.
But, yeah, you are free to invest (or diversify) into inferior assets merely because you are having difficulties figuring out how bitcoin differentiates itself from them.

Wasn't it Warren Buffet who said that diversification for the sake of it likely demonstrates that the person has not done enough homework.
Good luck. You are likely going to need it.

Although we basically agree, I would like to point out that I do have assets that are not bitcoin. For example, I am not going to mortgage my RE to buy bitcoin, and things I had before investing in bitcoin, such as some gold, I do not sell them either. The new money I invest does, with the exception of my pension fund, which I don't have the option from Europe to buy bitcoin and put it in. So, I have a bit of a forced diversification, but the most important part is bitcoin.

I think that what I am getting at is diversification for the mere sake of it might not make any sense, and surely diversification across differing kinds of assets that may well not be correlated might make some sense in some circumstances.

Diversification within crypto hardly makes sense beyond maybe 90% bitcoin and up to 10% shitcoins, yet surely guys can do what they like, and even make dumb diversification decisions when it comes to bitcoin versus shitcoins.

Over the years, I have come across all kinds of scenarios in which guys are either ONLY allocated into shitcoins, or maybe they ONLY have 10% to 20% in bitcoin adn the rest of their value spread across various shitcoins.

Yes. They can do what they want, and they might even be correct in their choices to fuck around with shitcoins, yet many of us bitcoiners do not have too many regrets in regarding staying focused quite extensively on bitcoin relative to any shitcoins or even bitcoin derivative products.

I understand various kinds of bitcoin derivative products might be the 2025 (or this cycle) distraction away from bitcoin, and guys can do what they like in regards to various bitcoin derivative products, whether investing into various MSTR products or some other company who might be wanting to pump their stock or to convert their company into a bitcoin holding company (in part or in total). I am not going to do it, and I am not going to criticize guys who might choose reasonable allocations to bitcoin derivative products rather than holding bitcoin itself.. yet if guys are getting into more than 30 or 40% of their bitcoin-related holdings into those kinds of bitcoin derivative products rather than bitcoin itself, then I surely would be questioning their judgement - even though surely if they are a business or a government or they might hold their value through various retirement (pension) type funds, then they might not even be able to easily hold bitcoin directly rather than having to get bitcoin price exposure through such bitcoin derivative products.

Quote from: Ambatman on Today at 02:21:45 PM

Quote from: nikola22 on June 19, 2025, 08:18:10 PM

bitcoin is the best money right now but what if after some time this will change? silver was once more popular than gold then lost its position. the british pound was once mightier than the US dollar but everything changes. of course bitcoin is still too young and has space to develop but in the crypto world everything can change so quickly that sometimes it's difficult to make long-term forecasts.

Popular isn't best. Historically Gold has always and still is more valuable than silver
Due to its cheaper nature it was more popular since Gold was reserved for royalties.
The pound and US dollar doesn't have mightier just that one held on against the other more against inflation
Thanks to Gold.
They are both depreciating asset. Their power boils down to their nation economic strength itself.
I'm not saying Bitcoin is the perfect form of money or can't be surpassed
But with current alternative, I don't see it happening.
Like Gold, I expect it dominate for a millennia
As long as it doesn't fail itself, I don't see any money beating it.

Hopefully none of us is getting too distracted into more than a few percentage of our bitcoin holdings in gold as compared with bitcoin, even though sure it is almost inevitable that gold is going to beat almost all fiat currencies in the coming years. yet, it could well be that several shitcoins will also beat a lot of fiats int he coming years, yet I doubt that their mere beating of fiats is even close to enough of a justification to invest into shitcoins as compared with bitcoin, especially when we should be able to recognize and appreciate bitcoin as better than all fiat, all shitcoins and various historically monetized commodities such as gold, silver and/or any other potentially monetizable commodity.