People's goal should shifting, specially if you are financially responsible

[Yaunfitda]

https://twitter.com/CryptoCharles__/status/1320029985189539842

I think this sums up what is the sentiments of investors past and present. Do you agree with this statement? I just it's up to you want crypto you want to dump your money though, but for majority of us, BTC is the one. Specially if you are millennial, this is the right time to invest and be financially responsible for your future.

[dunfida]

https://twitter.com/CryptoCharles__/status/1320029985189539842

I think this sums up what is the sentiments of investors past and present. Do you agree with this statement? I just it's up to you want crypto you want to dump your money though, but for majority of us, BTC is the one. Specially if you are millennial, this is the right time to invest and be financially responsible for your future.

Someone mind and believe would really be a subject to changed up specially when they do saw on whats the progress that it had been achieved all over the years.
Take a look into those companies which had doubts on accepting bitcoin in the first place but now they are reconsidering it and this talks is just really good only for
Bitcoin and im not considering that this will be applied to other altcoins out there.On the line given above then i would say that i cant blame them if they had those wrong
perceptions wayback and also anyone can changed up their minds and try to revert their decisions towards their engagement with crypto.

[jackg]

~snip~

It has been a good time to invest, it might not be nowm

Lumping all your assets I to one place is still financially irresponsible. Unless you're wanting to gamble with a lot of your funds, it doesn't really make sense to me to put more than 50% into crypto. You'll still be making good gains and have a hedge just in case something problematic comes along.

[GreatArkansas]

We people got different opinions and ideas, especially with it already involved financially.
If you really value your wealth, your money, you will start to make some moves on how you will start hope about financial freedom.
If you notice, some teenagers these days don't have any care about money, most of them are just relying on their parents, can we consider it as a financial responsible or irresponsible, when they don't care about their finances in the future or become financial free that without relying on other people?

For me, being financially responsible is a choice, and one of the reasons why people are afraid to become free because they don't want to responsibilities.

[Baofeng]

But there's also a caveat, only invest what you can afford to lose, I still remember my father telling me to invest on stocks when I was just beginning my career, good that I have listen to his financial advises. But at that time, I only invested small amounts but in due time was able to understand the market and when the time comes, specially the dot com bubble, was able to get in and exit on time.

But for crypto, it might be different scenario as it is very volatile, you can still give millennials advise about it or even your kids, but you may interject that it is not something that will get you rich instantly in the next 4-5 years.

[ethereumhunter]

It's not a good idea to dump your wealth into crypto without learning and using more than 50% of your money. But if you want to invest in crypto now, maybe you are a bit late because almost every coin has just increases and you can confuse to select the coin except if you only want to invest in bitcoin. If you select bitcoin, you need to hold it for a while.

[jossiel]

It's his opinion.

When I was younger and new to crypto, my thought is that it's a crazy idea to invest in this asset. But the soon you become a mature investor, your risk tolerance is changing.

As someone who's responsible enough financially knows what he's doing. Whether he throws money into an asset or cryptocurrencies.

[DrG]

One good coronal mass ejection and crypto will be put on significant hold for a matter of weeks if not years, although the sun is heading towards solar minimum at present.

It's never a smart idea to put all you eggs in a basket unless you are making the market move by yourself (whales). Having the ability to scoop up a deal when the situation presents itself is the key to winning.

Cryptocharles sure likes to talk and post a lot...

[btc_angela]

It's his opinion.

Maybe he just wanted to partake his opinion, and obviously have some narrative behind it

When I was younger and new to crypto, my thought is that it's a crazy idea to invest in this asset. But the soon you become a mature investor, your risk tolerance is changing.

As someone who's responsible enough financially knows what he's doing. Whether he throws money into an asset or cryptocurrencies.

Right, it takes time to really understand crypto investment, and that's why many get REKT because they invested on something that they don't know, like the irrational buyers of 2017. Someone really needs some guidance for newly crypto investors, it might be the the goals are really shifting to bitcoin,  but it's not a one size fits all advise.

[bitbollo]

market seem bullish and after public company have bought around 4% of total bitcoin supply... something is changed
https://bitcointreasuries.org/
but goes "all in" buying crypto coins is not always the best solution for some reason.
you can't buy everything in real life and you need some FIAT or at least a bank account, without a cash flow from a salary (rent/dividend) it's very hard the normal day.  I have seen too much people without the proper knowledge about cryptocurrency get scammed very easily.

[Lorence.xD]

~snip~

It has been a good time to invest, it might not be nowm

Lumping all your assets I to one place is still financially irresponsible. Unless you're wanting to gamble with a lot of your funds, it doesn't really make sense to me to put more than 50% into crypto. You'll still be making good gains and have a hedge just in case something problematic comes along.

That is my overall goal to be financially stable. I need to have a lot of investments in different assets because that is the most optimal way to make sure that a constant and decent cashflow keeps me afloat.

[Darker45]

I am always into diversification. I guess it is always more prudent not to risk everything in a single investment. Although the largest portion of my worth is in cryptocurrency, I also have other investments such as stocks and real estate.

But, really, it seems to me that Bitcoin has never been this bullish. Large international companies are now getting into Bitcoin. As a result Bitcoin has become more solid as an investment option as these companies which are hugely invested into it won't just allow Bitcoin to easily crumble down.

It is easily noticed that times have changed. What was once discriminated as a criminal or a geek's currency has now reached the portfolios of several international companies.

[Serious475]

I am always into diversification. I guess it is always more prudent not to risk everything in a single investment. Although the largest portion of my worth is in cryptocurrency, I also have other investments such as stocks and real estate.

But, really, it seems to me that Bitcoin has never been this bullish. Large international companies are now getting into Bitcoin. As a result Bitcoin has become more solid as an investment option as these companies which are hugely invested into it won't just allow Bitcoin to easily crumble down.

It is easily noticed that times have changed. What was once discriminated as a criminal or a geek's currency has now reached the portfolios of several international companies.

I am using different coins and different wallets so that i don't get bankrupted easily but the disadvantage on what i am doing right now is you cannot earn a lot if one coin got a good value in no time. You have to choose if you are going to take the risk and might earn a lot or not take the risk but won't earn so much. I don't think I am going to continue doing this because i am not satisfied on my earnings right now and i have to focus and take care on one coin and i managed to use bitcoin because we all know that bitcoin is one of the best coin we can trust and invest in.

[Yogee]

Twitter account was created in 2014 so he must be one of the early bitcoin guys. This looks like one of the many irresponsible FOMO posts you see on social media. He didn't say invest all your funds in crypto to be fair but he didn't say anything about the risks either. There are people who are successful in stocks or in gold without touching crypto and they can be considered as responsible too.

[Strongkored]

But by just putting all of our investment in crypto is also an irresponsible thing and too risky, we have to diversify, this is important if investment in crypto doesn't work according to target but there are other assets that are going well and provide enough profit.

[Darker45]

I am always into diversification. I guess it is always more prudent not to risk everything in a single investment. Although the largest portion of my worth is in cryptocurrency, I also have other investments such as stocks and real estate.

But, really, it seems to me that Bitcoin has never been this bullish. Large international companies are now getting into Bitcoin. As a result Bitcoin has become more solid as an investment option as these companies which are hugely invested into it won't just allow Bitcoin to easily crumble down.

It is easily noticed that times have changed. What was once discriminated as a criminal or a geek's currency has now reached the portfolios of several international companies.

I am using different coins and different wallets so that i don't get bankrupted easily but the disadvantage on what i am doing right now is you cannot earn a lot if one coin got a good value in no time. You have to choose if you are going to take the risk and might earn a lot or not take the risk but won't earn so much. I don't think I am going to continue doing this because i am not satisfied on my earnings right now and i have to focus and take care on one coin and i managed to use bitcoin because we all know that bitcoin is one of the best coin we can trust and invest in.

Bitcoin is not just one of the best; it is the best. As a matter of fact, it might be the only genuine cryptocurrency as far as others in the crypto space are concerned. 

Around 80% of my cryptocurrency worth is in Bitcoin. But I cannot make it 100% Bitcoin because I am also trying to grow it by way of playing with a few trusted altcoins. If you keep only Bitcoin, your fiat value may rise but your Bitcoin worth will remain the same, unless of course if you purchase more, which I'm not doing anymore, or earn Bitcoin.

[meanwords]

I think this sums up what is the sentiments of investors past and present.

Hmm I don't think so. This is just an opinion of an individual, that doesn't really sums up anything. I think it's still pretty financially irresponsible to put all your egg into one basket. Yeah sure cryptocurrency is a booming business right now but that doesn't really factor out the fact that cryptocurrency is the most volatile market and doesn't really guarantee profit even today.

[davis196]

This guy shares his opinion,not some wisdom or knowledge.
If the Bitcoin price crashes down to 5-6K USD,all the FUDsters and haters will say "I told you so" and buying/HODLing Bitcoin will be called "financially irresponsible" again.
The only form of financial responsibility is diversification and putting all your money into different assets.
Betting everything on cryptocurrencies only(it doesn't matter if it's Bitcoin only or a portfolio of 100 different crypto coins) is still a pretty risky move.

[The Cryptovator]

Till now I believe my brain, I wouldn't dare to invest all my money into the crypto. Of course, I am responsible for my financial status, but it doesn't mean I should put all eggs in one basket. I agree to invest 30% of my total crypto which already has invested. I wouldn't 100% depend on crypto investments. There is a real-life and should have some real-life business. I don't care who predict whatever, bitcoin always runs in its own way.

[ChrisPop]

Although the bias in this forum is to have a higher allocation of the net worth in Bitcoin, I'd say that a financially responsible person is constantly learning about personal finance and especially how to diversify.
The future of the crypto space and especially Bitcoin is looking bright, I won't deny that. However there is still a great deal of risk associated with cryptocurrencies.