Re:S&P Dow Jones Indices to launch cryptocurrency indexes in...
by stopyellingatme on Thursday December 03, 2020 @12:08PM
(#25291241)
This is what i came here to say.
BTC isn't very good as a currency but acts as a deflationary asset over time (i.e. there is a fixed amount that can exist).
I, personally, hold BTC as part of my portfolio simply because of it's ensured existence and massive upside potential.
I wouldn't put a terrible amount of my net worth into it, but a small fraction may serve you well in the future.
Short story. Had the chance to invest 300k in 2012 (~$10 per coin). Didn't pull the trigger. Too much net worth. However, I should have used ~10k (maybe a little more). Wouldn't be nearly as worried about $ as I am today if I was just a little more conservative on investing up front.
BTC isn't very good as a currency but acts as a deflationary asset over time (i.e. there is a fixed amount that can exist).
I, personally, hold BTC as part of my portfolio simply because of it's ensured existence and massive upside potential.
I wouldn't put a terrible amount of my net worth into it, but a small fraction may serve you well in the future.
Short story. Had the chance to invest 300k in 2012 (~$10 per coin). Didn't pull the trigger. Too much net worth. However, I should have used ~10k (maybe a little more). Wouldn't be nearly as worried about $ as I am today if I was just a little more conservative on investing up front.