A new Tuesday ATH would be enjoyable
we did it 73 k on coinbase and bitmex
Fuck coinbase
and
fuck bitmex.
How much bitcoin (in percent) do you guys have of bitcoin in your overall portfolio?
I have nearly 30%, which i always thought to be quiet large.. however, I have the feelings it should be more now. at least 50%
I have no shitcoins, just traditional investments.
There is no need to reallocate for the mere sake of reallocation, just because traditional investment advisors make such recommendations (and some of the traditional investment advisors are forced to reallocate on a regular basis - including that some of them are forced to hold 70% government bonds, which truly has been a stupid and/or losing practice in the past several years. but they still make advisements that normies should do the same thing that they are required to do.
there is a great practice of allowing your winners to ride.
For my own investment history, I largely invested 10% into bitcoin by the end of 2014, but then I ended up overinvesting in 2015 to nearly 13.5% because the BTC price was down throughout 2015, and I still continued to buy...so that is how I got up to 13.5% invested into bitcoin, however, now my allocation is close to 90% and that is not because of my investing new value from bitcoin but instead because of it's appreciation relative to all my other investments.
So largely my other investments doubled in the last 10 years, but my bitcoin outpaced them all and so my bitcoin went up around 70x or more.. and so sure I had been shaving off some profits here and there over the last 10 years, but the investment largely was allowed to continue to ride.. and so the total amount that I have in cash is worth about 1.5x the total amount that I invested into BTC... although I still use that cash as working capital, but I can also spend it whenever I like too.. or I can just cash out a bit of bitcoin with a 70x profit at any time, too.. so to me it seems to not be a big deal to just let that the winner (BTC in this case) ride.. mostly.
Of course, since I was overinvested since late 2015, I have been using my rake system (
represented in this post), and that is part of the reason that I have a lot of cash on hand, too.. but the cash is still less than 2.5% the size (value) of my BTC holdings.. but it is plenty if I need to draw upon it or to perhaps cash out a bit extra if I need it here and there along the way..
By the way, I recommend ONLY around a 5% to 25% allocation to bitcoin for newbies who are just entering into bitcoin, and surely they have to figure out their allocation, and so yeah, 25% would be on the side of more bullish and aggressive in regards to the bitcoin allocation, and 5% would be towards the side of whimpy... yet at the same time, I personally consider that reallocation is not really necessary, even though people have to figure out their allocation levels based on all of their own individual financial and psychological factors.
How much bitcoin (in percent) do you guys have of bitcoin in your overall portfolio?
I have nearly 30%, which i always thought to be quiet large.. however, I have the feelings it should be more now. at least 50%
Why would I have anything in anything else?
Bonds, ETF, not talking about shitcoins lol
Other allocations would traditionally be considered as stocks, bonds, properties, commodities, cash and/or cash equivalents.
You can see how my allocations changed through the years
at the bottom of this post.. starting from late 2013 until mid-2022.. I have not yet updated, but probably will update at or near the height of this current cycle rather than when we are largely seeming to be in the middle of this particular cycle (or maybe even early-middle of this cycle).
How much bitcoin (in percent) do you guys have of bitcoin in your overall portfolio?
I have nearly 30%, which i always thought to be quiet large.. however, I have the feelings it should be more now. at least 50%
Why would I have anything in anything else?
For once, because it is difficult and expensive to trade btc in IRAs (individual retirement accounts, which most Americans have).
My btc is currently about 66-70%, with % rising fast
.
I went 0 to 20% during the first 12 mo of accumulation; after that: one largish sell, then only small buys and sells.
Re s-tcoins: it could be fun if you only invest/gamble a small sum. To me, it beats gambling in Vegas. You can put a few bucks on some stupid coin and win 1000% in a few days/months or lose everything. I don't pretend to make a "portfolio" out of this. It's just a game, just like Gamestop and AMC was a "game" for some people to take the sorry state of affairs (quarantines, etc) off of their minds in 2021.
It is funny that you criticize me for my ongoing selling of BTC ever since $250.. but my allocation went from 13.5% to nearly 90% based merely on BTC price appreciation and inspite of my ongoing and various sells along the way.
I think that my allocation into bitcoin would be even higher if I had not exercised my ongoing sales along the way... and yeah, maybe we are just making all of this shit up.. but it's gotta somehow make sense..
I can hardly imagine in your own scenario how you would ONLY be at 66% to 70% if you had ONLY made 1 big sell and you supposedly allocated 20%, which is 6.5% more than me.
By the way, I am not completely aloof to the idea of buying various things, so there have been some changes in my investments over the last 10 years, but still a lot of whatever had been taken out of bitcoin - including that I probably already taken out quite a bit more than I invested (but who's counting.. not even counting the losses. .those don't really count, right?) .. .. anyhow. .I was kind of not wanting to go up to 90% so early in the cycle.. but what am I supposed to do? sell more and then what? what will I buy with it? buy some headache? Yeah, there might be some investment(s) that are not headaches.
Poll
