Thanks for your reply. What if you didn't invest back then and you understood all this today, looking at the past rise. Would you invest more than 5% ? Would you invest even 50% of a smaller total asset base ?
There is a lot of psychology in this. It's easy to hold a 50% total asset position if it became that much through the rise. Mostly because you have not "worked for" and gradually built your life around these 50%.
I am interested in the reasoning for a newcomer as I am one and there are many others who see the posts of Risto Pietila. Risto gave a great Bitcoin Savings Plan, but no help in determining how much should be put in. I read often : as much as you are able / willing to lose. This is a wise advise for the gambler, but not for the prudent investor : it does not say enough.
I guess multiple replies to this question would satisfy my appetite : "If you would never have invested in BTC yet and didn't experience the wealth increase provided by BTC, what % of your total assets would you consider your optimal position now ?"
I think a regular poll with this question presented to the more senior btc holders would be very interesting for newcomers.
I would absolutely invest more than 5%. In fact, I have been and am continuing to increase my position further with money I've made through more traditional endeavors, such as stereotypical "work." It takes a long time to truly understand this protocol and it's market. I went in at a small position because one of my friends was so excited about it. If I had understood it like I do now, I would have gone 50% in with fresh capital.
To be clear, I would still go 50% in today with fresh capital. And to put my money where my mouth is, in the past month I have put in another 5% of my total wealth and will continue to do so over the next couple months before we see another leap in price.
However, this is a personal decision, and please don't take my words as investment advice, as I am not qualified to give it.