How does Adam Back think that launching BSTR with 30,000 BTC will make him to surpass MicroStrategy that have been investing in bitcoin since 2020 and owns about 601,550 BTC currently, it's actually ridiculous honestly.
I don't think he believes it. It's a way to grab headlines, simply. He has also been one of the
main investors in ALTBG, so I don't know what he is doing getting into so much mess.
With the bitcoin he must have, he has enough to retire, and I'm not saying he should. Being active is very respectable, but it gives the impression that he wants to attract attention or is looking fame.
Adam Back is also known for his passion for trading, shitcoins included.
This might be something tied to this as well.
You might think a potential Satoshi couldn't care more about gambling, but he's constantly trading and price checking, and spreading stocks vs crypto.
Fucking legend.
Some of my thoughts relate to how Adam might be engaging in conduct to make it seems that he is not Satoshi...
"Satoshi would never to that." right?
right?
rrrrrrrriiiiiigggggghhhhhhttttt?
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.
I don't argue that bitcoin is a top asset and the portfolio should contain the overwhelming majority of it. as I understood Warren Buffet was talking about broadly diversified portfolio and he preferred portfolio with high-quality assets but not the only one kind.
for example, investor could allocate 90% of portfolio to bitcoin and the rest 10% for ETH, SOL, LTC. percentage of bitcoin could depend on appetite for risk. I agree that allocation to dozens or hundreds of tokens looks stupid, but 90% or more for bitcoin shows respect and confidence in this asset and adding 2-3 other top assets to portfolio won't hurt.
I agree that limiting the investment into shitcoins as compared with bitcoin to something like 10% is acceptable, yet I don't agree with your assertion that suggests that there is any thing helpful in fucking around with shitcoins.. since you are proclaiming that "it won't hurt" to have up to 10% in various shitcoins.
Of course, you can do whatever you want, but the idea of diversification for the sake of it, seems pretty retarded to me. especially if you might have some clues about what bitcoin is and unless you have some kind of specific reasons to hold any of those shitcoins..