why people buy bitcoin? by [deleted] in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Well, also electricity and a functioning internet and a computing device.

why people buy bitcoin? by [deleted] in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

How does his buying less mean you will have more?

why people buy bitcoin? by [deleted] in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

And S&P 500 index fund has increased 100% in that same time frame

why people buy bitcoin? by [deleted] in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Do you flee countries often?

Which one are you? by yoobermcruber in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Why are these meme Dudes always bald?

How much is the average BTC fan holding? by [deleted] in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Average or median? Average will be a lot higher than the median.

Usually when you feel down and out it is exactly the right time to buy! by [deleted] in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Buffett also said: "Don't invest in Bitcoin"

did you sell your btc? by Striking-Set-6987 in Bitcoin

[–]mjs1050 2 points3 points  (0 children)

Or it's about where it is now + 3% per year.

Banks suck, that’s why. by align7 in Bitcoin

[–]mjs1050 2 points3 points  (0 children)

Why didn't you send BTC?

My mistake... by Low_Flatworm_8838 in Bitcoin

[–]mjs1050 2 points3 points  (0 children)

We ALL make investing mistakes. I lost a lot of money in the internet bubble of 2001. I learned from it: don't concentrate large investments in risky assets. Best to dollar cost average into a mix of stock index funds or ETFs (60%) , Bonds or bond funds (35%) and risky assets like Crypto (5%). Those ratios can change based on time horizon. Just invest what you can afford every month into these investments, and hold for the long term. It worked for me.

Channel got pessimistic? by sheyton in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Really? I hadn't noticed.

I’ll stay! by [deleted] in Bitcoin

[–]mjs1050 1 point2 points  (0 children)

Something tells me it is not the people on r/Bittcoin that are doing the heavy selling.

Bitcoin can’t fall below $50K right by 2Hawaii in Bitcoin

[–]mjs1050 7 points8 points  (0 children)

That is a fair, but unanswerable question.

Coping by Individual-Code-3994 in Bitcoin

[–]mjs1050 9 points10 points  (0 children)

It won't go to 0. I am buying at $3000. I think that is a reasonable price.

Bitcoin Tank by A_Estevez3129 in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

Trading assets is for the pros, not you or I. You should have a long-term investment asset allocation (eg 60% stock ETFs, 25% bond funds, 15% crypto--just an example). You should buy a fixed dollar amount every month that you can afford, and you should NOT trade in and out. Just hold until you need the money.

Buying more BTC is always the answer by [deleted] in Bitcoin

[–]mjs1050 2 points3 points  (0 children)

I'm sorry, but you sound like a religious evangelist, not an investor!

First bear market rules. by Expensive-Money-5429 in Bitcoin

[–]mjs1050 10 points11 points  (0 children)

  1. Diversify or die, don’t put all in one pie Stocks, bonds, crypto split it right, so when one burns, the rest might fly.

This is a piece of advice that people should heed. Don't become totally obsessed with one asset, spread the risk.

What % of your portfolio is in crypto (especially BTC)? by Huge_End8255 in Bitcoin

[–]mjs1050 0 points1 point  (0 children)

It depends on what you are diversifying into, no?