~snip~
is just something I started recently, and perhaps you should know that the paper is firmly glued to the door and, unless it is purposefully removed, it cannot be removed by the wind. I have plans for a better design next year. thanks.
Have you also had a second thought about why I should reinvest when, fortunately, I can as well make a huge profit from my holdings when the bull market comes?
I think others, such as Lucius, had suggested some kind of moderate BTC holding strategy in the territory of 10% to 20%, which is quite valid. Yet, of course, there is likely devil within your details since many times it is important to consider your total individual circumstances in order to figure out some possible balance with with your bitcoin holdings and/or investing that is sufficiently aggressive without devolving into leveraging and/or gambling practices.
You are the person in the best position to figure out such details in regards to what kind of bitcoin holding/allocation is sufficiently aggressive without devolving into too much aggressiveness.
Another aspect of bitcoin investing is that it has a sufficient amount of volatility and risk and it is an asymmetric bet that is quite lopsided to the upside so that any of us should be able to justify employing a relatively modest investment/allocation approach into bitcoin and still end up profiting stupendously from merely employing such relatively modest investment approach. Of course, when we look back historically, sometimes we might be able to identify times in which we should have been more aggressive or maybe that we should have been less aggressive - yet in the end it is very difficult to figure out exactly when those times should have been..
so in that sense, I tend to gravitate towards recommending that beginner allocators into bitcoin figure out how much of an investment portfolio that they prefer to have within a 1% to 25% range, within their own considerations, and then once they establish their target then they can employ various means of DCA, buying on dips and lump sum investing to reach their allocation target and then they can figure out more about their own specific circumstances while they are building and working towards reaching their bitcoin investment/allocation level targets.
For sure, in the past 6 months or longer we have been witnessing a lot of folks who over did their investments into bitcoin, leveraged, bet on bitcoin companies and largely were maybe even leveraging upon the bitcoin price either going up or staying flat and expecting that the BTC price would not go below certain levels which as we know, after the fact, it ended up going below various price points that were not expected to be broken. So now many of us have to reassess and regroup, and hope that we were not one of them who was gambling too biggedly on the price going up, and surely some of those folks were distracted by shitcoins and/or putting their money with pathological liars, such as SBF/FTX/Alameda, Terra Luna/Do Kwon or even not realizing (sometimes they even did know it) that entities in which they had invested might have been gambling with their money Celsius, Voyager, Blockfi, Genesis, and quite a few others too.
The ponzi scheme of ethereum (and various entities related to that nonsense) might crash at some point in the near future, yet for now, that ponzi scheme is continuing to go and it may be able to survive through this cycle.. perhaps? perhaps?.. so in that sense, having some bitcoin focused and moderate ongoing bitcoin accumulation practices likely remains a good thing as long as you are attempting to employ strategies, tactics and practices to mitigate your downside risks - including trying to hold most of your bitcoin in private wallets that you control, even if with your business, you may well want (or need) to keep up some abilities to exchange some of your bitcoin on a regular basis, and also you may want to consider ways that you are holding your bitcoin (and if you are holding dollars or dollar pegged coins or even your local currency) that are safe, but not in such a way that you are getting eaten up by having to exchange them a lot and then ending up paying more and more fees (and taking other risks) because you are exchanging more than they need to be exchanged as long as you are able to consider through your whole allocations in such a way that lessens the number of times that you are exchanging and paying fees.. and someone had mentioned that you might want to try to supplement with lightning network too.. maybe get a BlueWallet or something like that, but you still do not want to keep too much value on the lightning network aspect and to be careful with some of your needs to keep backups too.
