‘My retirement is completely in bitcoin’: Why don’t more people do what I do?
View original at finance.yahoo.com‘My retirement is completely in bitcoin’: Why don’t more people do what I do? “My car is a piece of s—, but there’s no way I’m spending any money on anything other than bitcoin.” (Photo subject is a model.) - Getty Images/iStockphoto Dear Quentin, I’ve managed to acquire one bitcoin…
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Most retirement plans and investors would not allocate 100% of their investments to bitcoin or to a single company
80% confidenceIf you want to ride the rocket, you've got to be prepared to pull the Gs
80% confidenceMany financial planners do not advise allocating more than 5% of a portfolio to crypto
80% confidenceBitcoin is like a recent IPO with early investor lockups that distribute slowly into strength
80% confidenceConsensus among observers is there will be a huge pump at the end of the year to $200,000
80% confidenceA limited supply does not guarantee an inexorable rise in bitcoin price
80% confidenceRetail investors continue to be more bullish than ever, adapting strategies and patterns that resemble those in traditional asset classes
80% confidenceA big drop happens every couple of years and is normally what happens before a huge pump
80% confidenceInvestors are trying to bring the price down so they can buy as much as possible, trying to scare the weaker hands
80% confidenceBitcoin is not something that should be traded - once you understand that, you buy and you hold
80% confidenceBitcoin has limited supply and is not run by one organization or one person
80% confidenceThe crypto market is not 'bubblish' and there is no worry about the current downturn
80% confidence