IndianaJones
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Just wondering what way would you split a Bitcoin/Etherium investment if you were just starting out?
Tough one....I'd probably flip a SatoshiJust wondering what way would you split a Bitcoin/Etherium investment if you were just starting out?
It depends on what your thoughts are on the outcome for both projects. Bitcoin is decentralised money and a decentralised store of value. Ethereum is pursuing the decentralisation of finance. There are those who believe that far greater disruptive potential will come from Ethereum. i've seen some move to a portfolio with a higher ETH weighting than BTC over recent months. That said, there are bitcoin-centric decentralised finance projects being developed also like Sovryn and Stacks. Additionally, Jack Dorsey's Square came out yesterday and said it is creating a separate open-developer platform to facilitate bitcoin-based decentralised financial services.Just wondering what way would you split a Bitcoin/Etherium investment if you were just starting out?
None at all and none at allJust wondering what way would you split a Bitcoin/Etherium investment if you were just starting out?
The very definition of gambling - no diversification to include exposure to an asset that has produced an average return of 213% pa over the course of its 12 years.None at all and none at all
Past performance etc...The very definition of gambling - no diversification to include exposure to an asset that has produced an average return of 213% pa over the course of its 12 years.
Past performance, etc indeed. However, the suggestion is to summarily ignore the principal assets in a brand new asset class with zero allocation. Given the asymmetric risk, a portfolio allocation of up to 5% seems reasonable. Nobody gets wiped out if it fails to perform.Past performance etc...
Nay, 5% is far too much given the level of risk. Burning the 5% in cash for heat, or eating the 5% in cash for nutrition would be a better use for the money, IMO.Given the assemetric risk, a portfolio allocation of up to 5% seems reasonable. Nobody gets wiped out if it fails to perform.
Again, you're suggesting a zero percent allocation to an asset that has outperformed every other over the course of 12 years. Furthermore, you're completely ignoring the asymmetric nature of that risk. In no way do I agree.Nay, 5% is far too much given the level of risk. Burning the 5% in cash for heat, or eating the 5% in cash for nutrition would be a better use for the money, IMO.
Burning the 5% in cash for heat, or eating the 5% in cash for nutrition would be a better use for the money, IMO.
Easy to say that in hindsight. We invest today for future returns, not for past returns.Just apply that thinking at any point over the last 12yrs and see how silly it is.
We invest today for future returns, not for past returns.
By bringing up 'tulipmania' you betray the fact that you know next to nothing about what you refer to. Hardly anyone runs with the tulipmania comparison anymore - for good reason. The comparison is entirely wayward.We know a lot about Tulip mania in the early 17th century. Would you recommend investing in Tulips now because of their phenomenal growth in the past?
I asked a straight-up question. I made no comparison.By bringing up 'tulipmania' you betray the fact that you know next to nothing about what you refer to. Hardly anyone runs with the tulipmania comparison anymore - for good reason. The comparison is entirely wayward.
It's a quasi comparision. Anyone that understands the fundamentals of what makes for sound money and what makes for a decent store of value wouldn't utter the word 'tulipmania' in a discussion relative to bitcoin - end of.I asked a straight-up question. I made no comparison.
We know a lot about Tulip mania in the early 17th century. Would you recommend investing in Tulips now because of their phenomenal growth in the past?
Because you say so.Anyone that understands the fundamentals of what makes for sound money and what makes for a decent store of value wouldn't utter the word 'tulipmania' in a discussion relative to bitcoin - end of.
Until the time that it doesn't. This is why I wouldn't recommend it as an investment for the future. It's totally reliant on people pumping up the value through hype. It's the largest ponzi scheme known to man.... bitcoin, which has repeatedly recovered from price crashes and gone onto new all time highs.