Feeling late to the crypto party? Please friends keep in mind that less than 0.5% of the planet are long Bitcoin yet. As I have said, even on the terms of thinking generationally, we are still in the genesis.
As Lord Elon Musk himself stated recently, "There is a good chance crypto, is the future currency of earth."
My take as has been consistent through this whole bull market, is "nibble on dips and enjoy the rips".
My plan for bailing on my massive bitcoin position is when the Fed starts touting raising interest rates.
JPMorgan co-president and COO Daniel Pinto has said that the banking giant will support bitcoin trading if there is client demand for it.
Exciting times friends. And I must advise that if you even view Bitcoin as a moonshot - even moonshots deserve a small bit of exposure within any portfolio aiming at the stars. This is not financial advice, but my personal opinion as I have certainly partake in this mindsight with much more than a small bit of exposure as the bull market clearly unfolded. https://www.theblockcrypto.com/linked/94750/jpmorgan-bitcoin-btc-trading-client-demand-coo-comments
It's normal and very prudent to have a non-zero allocation into crypto as a part of your speculative capital. It's no different than a tech startup that has good concepts but may not achieve adoption into a realistic business model. Or a miner which has a good mineral deposit but is facing regulatory, environmental or geopolitical hurdles.
I don't think you need to agree with the BitCoin Maximalists to take a position. They see a monetary system which cannot cope with the deflationary spiral of technology which can only seemingly be kept afloat with ever increasing amounts of central bank activity and debt. They are viewing Bitcoin as a perfectly hard, finitely scarce, effortlessly transportable, incredibly (mathematically) secure asset. It's the vapour state of gold. They logically see this as a solution to all the problems which ironically even classical economists view as ever increasing problems of debt.
Again you dont need to agree with that ideology to take a position. Just allocate responsibly.
ZenMode
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@Kazparov, words of wisdom! No need to bet the whole farm, but wise to give it some exposure. Particularly when its in a bull market. I do not know if the maximalists will be proven right, but I hope so!
boudreauxharold
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So much invested in crypto now i don't think its ever a bad idea to invest. as long as it's done smartly