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    Author Topic: Buy the DIP, and HODL!  (Read 192308 times)
    JayJuanGee
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    Self-Custody is a right. Say no to "non-custodial"


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    October 08, 2022, 04:09:34 PM
     #1601

    BTC performed well on a risk-adjusted basis.
    I can pick a stock that outperforms the S&P but if the Risk far outweighs the Reward then you're just gambling.

    You are unclear in what you are suggesting Crazy_Bitcoin because risk management does not only have to do with being in or out, but it also can be practiced through position size and various ways to employ entry and exit points.   

    There are problems with a lot of traditional asset classes possessing some of the same historical contagions of the irresponsible current debt cycle, and if you consider bitcoin to have the same kinds of corruptions and/or contagions, then you might not sufficiently understand its likely longer term lack of correlations, which seems to be a decent thing to own some of it.. and you do not even necessarily need to take a large position in order to have bitcoin included in your investment portfolio as a hedge.

    So what does your investment portfolio look like currently?  you have some stocks maybe even some indexes, some property, some cash-related products and some precious metals... and it's up to you if you think bitcoin has any place in there and it is also up to you concerning how much to put in, if any, and how you might consider entering by DCA, lump sum and/or buying on dips.

    Do you have the answers?  Would your approach be different if you were early 20s, mid 30s, early 50s or late 70s?  Even if there might be some commonalities, there might be some differences that depend on where someone is at too.. because age is not the only factor in terms of cashflow skills and other investments and how they might have performed versus how they are predicted to perform in the future.. which we don't completely know the future beyond making some estimations based on what we consider to be probabilistic factors to attempt to figure out.

    1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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