Bitcoin

Yes, This is still early. Most people know nothing or nearly nothing about what it is that it has a limited supply and feel as if its just a scam or fad. They might end up being right but bitcoin has been around for a long time now and adoption is happening now at a faster rate for institutions and states and governments looking at adopting it. As larry fink fink says it is being discussed as a possible important part of diversification. Time will tell but I clearly feel we are still early.
 
Not going to lie. I wish my 401k and Roth had better returns. 10% average just ain’t making me money fast enough.


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DapperDan said:
Not going to lie. I wish my 401k and Roth had better returns. 10% average just ain’t making me money fast enough.


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I saw a good breakdown on investments and if people aren’t getting at minimum 14% yoy they are falling behind.

Most years my retirement returns have been around 16-18%, during Covid it hit 35%. But after much studying it became clear that 18% wasn’t going to cut it. Last year I moved a small amount of that account into a btc fund. That move pushed me up to 52%.

I believe people will begin looking for better returns and I want to be in position before that happens.

A lot of folks have told me I got lucky, maybe I did, or maybe the signs are on the wall.


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MountainTracker said:
I personally try to keep a 80/20 split btc/alt coins. It fluctuates as prices change. My alts are few and within the top 20 cryptos.


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Thanks for the advice. I have more I could invest but I’m not much of a risk taker so it’s hard for me to invest. lol


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Agreed on close to the 80/20 spllit. I have etherium as second and solona as third and thats it.
 
You buy and continue to buy. The people that say not to are more than likely investing in it and they don’t even know through their 401k investments.
 
ozyclint said:
So governments making laws concerning bitcoin.

If something is 'decentralized' why do you need 'government protections'?

Government getting involved in anything usually doesn't end well for everyone except Government.
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Never needed them to make protections, but we’ll take them anyways.

The point of the post is to dispel the very common argument “governments will never allow it” from fuders.

Govs around the world are moving at an increasing rate to create funds and structure for the holding and use of btc. We are at the point where not holding some or have some kind of exposure to btc is more risky then not.

Doing a basic google search of returns has proven that, there’s a lot of examples in this thread.

I will agree with you gov involvement more often then not messes things up. There will be govs that have better structure than others. Not every US state has a btc reserve or are passing bills to protect the right, but knowing which states do could be of benefit. Having benefits protected has proven to pay back dividends.

Everyone lives under some kind of governmental system so whatever they choose to use for wealth storage/exchange we the individuals will have adopt too, so why not position yourself correctly.


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BTC noob disclaimer. And yes i know can't time the market.

That being said, i just shuffled some money around and have a few grand to throw at FBTC in fidelity. I keep seeing articles about BTC may test the 80k low threshold yada yada. So buy now? Wait to see closer to that 80k? Dca my couple grand over 3 purchases? Thoughts?
 
Tjdeerslayer37 said:
BTC noob disclaimer. And yes i know can't time the market.

That being said, i just shuffled some money around and have a few grand to throw at FBTC in fidelity. I keep seeing articles about BTC may test the 80k low threshold yada yada. So buy now? Wait to see closer to that 80k? Dca my couple grand over 3 purchases? Thoughts?
Click to expand...

If it were me, I'd DCA. While it did hit $78,500 back on March 10th, I have no issue buying in the $83-86k range.
 
Tjdeerslayer37 said:
BTC noob disclaimer. And yes i know can't time the market.

That being said, i just shuffled some money around and have a few grand to throw at FBTC in fidelity. I keep seeing articles about BTC may test the 80k low threshold yada yada. So buy now? Wait to see closer to that 80k? Dca my couple grand over 3 purchases? Thoughts?
Click to expand...

Like @Poser stated DCA is going to be your best option. Until there is QE (printing) the price won’t move too much up, could see more softening over the weekend as volume will be lower so it won’t take much to move it. If that happens watch Monday morning for pullbacks on FBTC.

Idk what the fees are with FBTC but it’s worth looking into, to make sure they aren’t crazy high.


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MountainTracker said:
Like @Poser stated DCA is going to be your best option. Until there is QE (printing) the price won’t move too much up, could see more softening over the weekend as volume will be lower so it won’t take much to move it. If that happens watch Monday morning for pullbacks on FBTC.

Idk what the fees are with FBTC but it’s worth looking into, to make sure they aren’t crazy high.


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Click to expand...
Roger that.

The fees arent outrageous, but not awesome either. 0.25%. Its a matter of convenience really, the money is already in my roth so I'm just taking advantage.

Thanks!
 
Tjdeerslayer37 said:
Roger that.

The fees arent outrageous, but not awesome either. 0.25%. Its a matter of convenience really, the money is already in my roth so I'm just taking advantage.

Thanks!
Click to expand...

I have some FBTC that I bought when it first hit the market, but I've since switched to buying Grayscale's mini ETF under the ticker "BTC" which has a .15% annual fee.
 
Tjdeerslayer37 said:
BTC noob disclaimer. And yes i know can't time the market.

That being said, i just shuffled some money around and have a few grand to throw at FBTC in fidelity. I keep seeing articles about BTC may test the 80k low threshold yada yada. So buy now? Wait to see closer to that 80k? Dca my couple grand over 3 purchases? Thoughts?
Click to expand...
If you’re set on buying, absolutely DCA. Buy some now, buy some more a set intervals. This takes the emotion out of it. If it dropped to 80k you’ll be left thinking “what if it drops to 70k”. If it jumps to 95k next week you’ll feel like you missed the boat.

Also, do your best to ignore the price predictions. Nobody knows what the price will be a week from now, a year from now, or 10 years from now. Educate yourself on what Bitcoin is and what gives it value. If you’re going to invest in it (as opposed to trading it), understanding the underlying asset/network will give you conviction. Conviction will give you confidence in your investment and peace of mind through price fluctuations.
 
MountainTracker said:
I saw a good breakdown on investments and if people aren’t getting at minimum 14% yoy they are falling behind.

Most years my retirement returns have been around 16-18%, during Covid it hit 35%. But after much studying it became clear that 18% wasn’t going to cut it. Last year I moved a small amount of that account into a btc fund. That move pushed me up to 52%.

I believe people will begin looking for better returns and I want to be in position before that happens.

A lot of folks have told me I got lucky, maybe I did, or maybe the signs are on the wall.


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Click to expand...
Falling behind what?
 
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