The BTC stability

[Darker45]

For the nth time, Bitcoin is volatile if you're zooming in. If you zoom out, you'll realize that there is almost a straight diagonal line directed upward. You said it yourself, there's the capability of Bitcoin to be a sound long-term investment. In which case, it's worth keeping some in your balance sheet.

Besides, you also need a certain level of diversification in your reserve assets. Other than that, there's also the prudent move to be futuristic in setting up your reserves. Also, why is Bitcoin not worth risking when the features themselves are truly worth it? Why, can you see any other option that is truly independent from the controls of governments and powerful entities?

[Alpha Marine]

As a long-term investment, I don't see an issue. The problem comes when he wants to keep them for a short term. The volatility of Bitcoin can be really felt in short-term investments.
I agree that putting all your inheritance into one investment is not prudent, but in this case, it's 80% meaning he still has 20% in other investments or in the form of fiat which is a smart move.
I don't think it's as dangerous as people make it seem.

The same goes for companies using Bitcoin as a reserve. Reserve is most likely for the long term, so that's a smart move. Instead of just keeping fiat or stable coins that would depreciate over time, why not keep an asset and currency that will appreciate after years?

[Reatim]

I think BTC is very volatile to use it as a value reserve of a big company or a country.

The market moves according to its supply and demand which explains the volatility of the market. This is also the reason why even if it becomes a mainstream currency, it can never be used to back anything up.

But it is awesome seeing its capability to speculate and invest in long term.

It is driven by investors’ perception and sentiment that’s why the value is mostly affected by speculation. If a group of people thinks it will rise up, most likely it will because others will experience FOMO.

Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

I would take inheritance in bitcoin. It can also help me not to spend it just anywhere. It would also be good to support myself and the rest of my family long term.

[AVE5]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

The volatility of bitcoin is of two path ways which is either you profit of you loose. So it all depends on your aim of holding aim and usability then it'd determine how long you'd keep holding on it.
The danger of bitcoin isn't exemptional from the risks of its volatility and nothing else if it's directed on trusts. However, the risk of Investing on bitcoin isn't a tension on my side because I've a stipulated goal of making profits out of it and for that, I've been dedicated to a long term holding while the market price hits my expectations so, you can count me out of such dangerous circumstances Op.

[slaman29]

Besides, you also need a certain level of diversification in your reserve assets. Other than that, there's also the prudent move to be futuristic in setting up your reserves. Also, why is Bitcoin not worth risking when the features themselves are truly worth it? Why, can you see any other option that is truly independent from the controls of governments and powerful entities?

And to make it clear, Bitcoin is the diversification in a portfolio of other assets. Some people think you should diversify in altcoins, this type of coin, that type of Layer 2 etc even memecoins. I see all those as highly speculative risk taking. If you're an investor, you just see Bitcoin as an important part of longterm diversification assets.

That is what works for me, my opinion anyway

[michellee]

Before someone use Bitcoin as their value reserve or investment, they must learn how to use Bitcoin. Although people see Bitcoin is speculate, they will not have a problem and they can manages the risks not to becomes big. Besides that, they can use the money they can afford to use Bitcoin so they will knows how big the risks.

They will be wise to use Bitcoin and they will still use Bitcoin as their long term investment. They already learn the Bitcoin history and no need to worry with anything because they can manages everything. They know that they don't have to use all in Bitcoin because they still needs money to fills their daily needs.

As long as they use the money they can afford, they will be okay. We also do that to prevents the risks becomes bigger because we knows that Bitcoin will still be volatile and it will be like that in the future.

[Frankolala]

This is just me I believe in Bitcoin, and my prediction is that the price could reach more than $100k next year so it's too early to see the new all-time high I've been waiting for a cheap price below 60k to convert my USDT back to BTC I just sold mine recently at $71k because I saw a rejection now I am waiting for a low price again and do DCA I just don't want to miss the dip price.

I hope that it wasn't all your bitcoin portfolio that you sold to buy back when the price dips, because this is a risky move. Bitcoin is on 69k+, and you don't know if it will dip to 65k and below for you to buy back. What if the price increases to 71k and above without coming down to your price level for you to buy back. I just hope that you don't regret your actions later.

The basic of investment says - always diversify! Keeping a good percentage in Bitcoin is OK but we all need to put the other percentage into various other assets classes to mitigate the risks. Keeping everything in one asset is pure gambling! 

You are right, but poor people who are struggling to meet up with their weekly DCA regularly will not ne able to diversify into other investment because of low income. Diversifying is for the rich and people who have the money to diversify. I only have my bitcoin investment which I am still buying more bitcoin to increase the size gradually. I cannot diversify because it is only bitcoin that I can buy with the little discretionary income from my salary.

[TheUltraElite]

People talk about whatever they feel like because free speech everywhere.

No it would be foolish to get money from or into your inheritance. Invest in Bitcoin this life and don't think about what you will keep for your next generation. Similarly inheriting it and it's legal implications we are not clear on this area, so better to avoid for now.

Although Bitcoin is a money for the future and we are hopeful and bullish about it, never go all in on one asset.

[Luzin]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

This condition may be different because everyone's beliefs are different. I think he who dares to take risks understands what he is doing, it is not wrong that it is their choice. If you feel doubtful then don't copy it. Because indeed the current condition of Bitcoin does not look convincing for some people because it is contrary to the government. This is what worries you because the legalization looks bad.

I currently hold Bitcoin and I wish them a very good future. Some periods of Bitcoin are assets that provide great profit value for those who are able to manage that volatility. Right now I'm collecting and not making me lose so I'll probably hold it for my son. But I also think about owning assets that have been widely recognized by the state, maybe like Gold or Land.

[fuguebtc]

Besides, you also need a certain level of diversification in your reserve assets. Other than that, there's also the prudent move to be futuristic in setting up your reserves. Also, why is Bitcoin not worth risking when the features themselves are truly worth it? Why, can you see any other option that is truly independent from the controls of governments and powerful entities?

And to make it clear, Bitcoin is the diversification in a portfolio of other assets. Some people think you should diversify in altcoins, this type of coin, that type of Layer 2 etc even memecoins. I see all those as highly speculative risk taking. If you're an investor, you just see Bitcoin as an important part of longterm diversification assets.

That is what works for me, my opinion anyway

In my opinion, asset diversification is when we invest in non-crypto assets such as gold, real estate, stocks, not altcoins. Because the entire cryptocurrency market depends on bitcoin, when bitcoin falls, no altcoin can increase in price. So how can we call it diversification to reduce risk?

Also, is diversification really necessary? Because it will reduce our profits as bitcoin is already the most profitable asset. Diversifying into gold or real estate only reduces our returns because we all know gold and real estate do not give better returns than bitcoin. I think whether to diversify or not depends on each person's investment mindset.

[wiss19]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

Bitcoin has always being known for its volatility from when it was made , using it has a reserve is all has to do with the individual's understanding of Bitcoin and the risk involve. Before someone can have 80% of his patrimony in Bitcoin,he knows what he stands to profit if being kept for a long term. In terms of risky ,it has to do with your mindset because there is nothing we do in this life that is not risky, you just have to keep your fears aside and be positive/trust always when investing in Bitcoin , despite the volatile nature of Bitcoin,it is still profitable.

If before, I guess BTC is more of a currency because I think it is much stable in the past than compared to now. This is why we are seeing people using their BTC for purchasing something but if you notice now, almost all people are only talking about their BTC investment despite BTC having a wide support now for merchants.

I think a reserve is like an alternative only, and we might still have other alternatives than it, so I wouldn't worry too much in case something bad happens with BTC. Risks doesn't only depend on the mindset but also on our actions. For example putting more money is highly risky. It is only highly rewarding too, once we successfully passed the trials.

[legendbtc]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

Bitcoin has always being known for its volatility from when it was made , using it has a reserve is all has to do with the individual's understanding of Bitcoin and the risk involve. Before someone can have 80% of his patrimony in Bitcoin,he knows what he stands to profit if being kept for a long term. In terms of risky ,it has to do with your mindset because there is nothing we do in this life that is not risky, you just have to keep your fears aside and be positive/trust always when investing in Bitcoin , despite the volatile nature of Bitcoin,it is still profitable.

If before, I guess BTC is more of a currency because I think it is much stable in the past than compared to now. This is why we are seeing people using their BTC for purchasing something but if you notice now, almost all people are only talking about their BTC investment despite BTC having a wide support now for merchants.

I don't agree with what you say, I think on the contrary, the volatility of bitcoin is getting smaller over time.
The reason people like to use bitcoin as an investment is simply because who doesn't want to have a lot of money, who doesn't want to become rich quickly? Do you want to be rich? Would you feel regretful if today you sold bitcoin for $30k but tomorrow it increased to $50k?

How will you spend money when you have no money? Making a lot of money and becoming rich is the top goal of all of us when living in a society where money is everything. So you don't need to be surprised or disappointed that bitcoin cannot become a currency but can only be used as an investment.

[SickDayIn]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

Sure it's volatile to the daily USD exchange rate, but what you don't see is how volatile a single $1 USD is. The inflation they tell you is only CPI. The actual inflation is infinitely greater. Allocating a portion of your net worth to BTC will be the smartest thing you ever did.

[Cryptomultiplier]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

The fact is that, BTC launched its spot exchange traded fund, ETF and it is to allow big companies and large pocket investors buy into the future of money of which is BTC. There's no saying what the future holds though, but one assurance I have is that, many countries including yours would have to at some point consider the use of cryptocurrency mostly BTC as a regulated means of payments.

80% of the man's Patrimony sounds like very much, but with the enthusiasm I can perceive in the man, am sure he would put in more if he still has, because he sees something that you don't and may have had to overcome greater risk with money, that this is just something small for him to be bothered about.

[Smack That Ace]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

The fact is that, BTC launched its spot exchange traded fund, ETF and it is to allow big companies and large pocket investors buy into the future of money of which is BTC. There's no saying what the future holds though, but one assurance I have is that, many countries including yours would have to at some point consider the use of cryptocurrency mostly BTC as a regulated means of payments.

80% of the man's Patrimony sounds like very much, but with the enthusiasm I can perceive in the man, am sure he would put in more if he still has, because he sees something that you don't and may have had to overcome greater risk with money, that this is just something small for him to be bothered about.

With the approval of bitcoin ETFs, it means that bitcoin is considered an asset, an investment. How can other countries base on that and make bitcoin a payment method?

There will be some countries that consider bitcoin as legal the way El Salvador did. But I guess the majority will legitimize bitcoin and will just treat it as an asset or commodity instead of treating it as a means of payment or currency. Because no government is happy to have a currency it doesn't control circulating in its economy.

Investing 80% in bitcoin is considered too much and risky if someone does not trust bitcoin but it is normal if they completely trust bitcoin.

[Blitzboy]

This whole "Bitcoin is too volatile" narrative is getting old. Indeed, it was an incredible trip back in the early years, but times have changed. Bitcoin is developing with institutional investors riding on board and a market capitalization in the trillions.  Though, I love a good thrill. The more volatile, the more profitable! Still, the days of 1000% swings are most likely past. And really, thats not a negative thing. Attracting significant participants and creating a sustainable future for Bitcoin depend on some consistency, hence it is desirable.

If everyone and their grandma is buying Bitcoin, that means more demand, less volatility, and a stronger store of value. And given the price hovering over $69,000, we are well on our way to become the digital age's gold standard. I thus advise all those doubters out there to not hesitate to welcome the volatility. Its what makes Bitcoin exciting and profitable. But also remember, the times are changing, and Bitcoin is growing up. This is only the start of a wonderful trip, people. Believe me, the best is yet to come!

[Maus0728]

Bitcoin's got a way of surprising everyone of us in regards to it's volatility, we all might think that bitcoin right now is stable and a sudden price drop is an impossibility but that mindset is what's going to get you to lose a lot of money and at the same time, you'd be regretting not spending something for yourself if you choose to invest almost all of your money into bitcoin, as much as the long-term of bitcoin is so attractive, you still have to understand that there are things in life that you'd want to be checking out instead of just hodling alone because you can easily accumulate your bitcoin along the way while enjoying life, that's why it's a good idea to not invest all at once in bitcoin.

[kryptqnick]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

Well, not all fiat is equal, so sometimes keeping money in fiat means losing a very significant amount over time due to high inflation. But keeping a decent amount in a currency like the USD makes sense. A part can also be kept in gold, which grows somewhat over time and at least doesn't seem to lose value. And then a part can be in Bitcoin without issues. Keeping all or most funds in Bitcoin is risky, but if there's some diversification, it's okay.

[Die_empty]

I think BTC is very volatile to use it as a value reserve of a big company or a country. But it is awesome seeing its capability to speculate and invest in long term. Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

This was my first time to come across the word patrimony so I had to check the meaning. Based on a few authors or works I have read the word means inheritance or heritage. So I assume that the original poster is saying that 80% of what he inherited from maybe his father or other relative is in Bitcoin. If this is what you meant, I would say you are lucky to inherit Bitcoin because it is far better than other investments.

Keeping 80% of your investment in Bitcoin is not a bad idea but it is risky to put plenty of eggs in one basket. However, I can consider keeping that amount of Bitcoin as an investment because the currency has stood the test of time. Even with its volatility, it is still better than many investments.

I have always believed that the real estate sector was safe until the government began to demolish buildings in my area without compensation. War and natural disasters can also make the real estate sector go bankrupt. Since its inception, Bitcoin has not failed long-term investors so investing the majority of your funds in it is more profitable and also safe.  At least it is far better than keeping your money in fiat.

[Pmalek]

I think BTC is very volatile to use it as a value reserve of a big company or a country.

Bitcoin is less volatile now than what it was in the past, and the more strong-willed hands we have holding the currency, the less volatile it will be.

Today I watched a video on YouTube a rich man saing that BTC is 80% of his patrimony. I think it can be dangerous. And all of you? Also are all in?

You shouldn't be all in in anything. That carries too much risk. Hold a big enough position that you are comfortable with, but also consider allocating some money and wealth into other asset classes. Gold, real-estate, rare watches, stocks, etc.