- Jun 11, 2014
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Founding Member
up to over $46,000.00 Why do I always miss out?
Probably trying to sway people away from silver to keep the price down.Missed in the Tesla/Bitcoing news, in the same statement, they said they may invest in gold bullion and gold ETFs as well. You'd think they'd go with silver, they are a big consumer of it (unless they are already heavily hedged in it).
I'm not sure you've missed out.up to over $46,000.00 Why do I always miss out?
$10 Trillion in Corporate Holdings Could Diversify to Bitcoin
In combination, the world's biggest companies are holding some $10 trillion in cash. And that's without including places like Brazil, Turkey or Indonesia.
Cash is falling in value however especially against assets, so many of these companies may be looking to follow Tesla's lead by diversifying into bitcoin.
Some studies now suggest about 10% should be allocated to bitcoin to diversify holdings and as a hedge with the digital gold replacing actual gold last year in its usual function of a safe haven to park funds.
If just these companies allocate 10% to bitcoin, then that would be a $1 trillion inflow which would increase bitcoin’s price by magnitudes.
$10 Trillion in Corporate Holdings Could Diversify to Bitcoin
Me neither but I do understand the word profit ....which is why I invested a little in it and will also be taking little bits of profit along the way..I don’t understand it.
I sold some Grayscale today when it was down....then tried to buy it back when it came back up a little...You know that old saying about it being alright to miss the boat just don't chase the boat?MARA is down 8% today. I'm going to hold off on buying any additional MARA until it's below, at least, $28.
If any of you are still thinking that the price of bitcoin is being driven by guys in their mom's basement/robinhooder's and not by institutional investing, i don't know what to tell you.
So glad I literally lump summed into Bitcoin about two weeks before Tesla's and Elon's announcement. No fomo here, just my mind has fundamentally changed once I finally went beyond the stupid typical financial advisor / tv analyst BS and read about the tech. I don't even think in how much USD my BTC is worth, just think in terms of how much BTC I have. I will gladly welcome a big crash and another "Bitcoin is dead" bear market to finally accumulate more for cheap.
Crazy is in my new written financial plan, on a month ago I allocated only 5% of portfolio to Bitcoin, and already it is worth 8-9% of my portfolio's value. Either way I don't expect this gravy train to last for the short term, but I do think fundamentally, in 10 years it will be my best performing asset.
I'm waiting for the next downturn (if it happens) - otherwise I'm not adding anymore on it's way up. I made some profit w/ MARA and I'll buy more of that if/when there's another downturn.
I'm not buying any crypto stocks although that is a good idea inside any IRA. Just buying bitcoin and moving it to a cold hardware wallet of mine. I am not waiting or timing anything. Going to continue to dollar cost average 5% of my allocated monthly investments into buying bitcoin, whether market is up or down. Look for a longterm 10-15 year outlook.
Edit: Btw having your own hardware wallet is oddly satisfying.
You MIGHT get another pullback to 28-30,000... maybe, but you better be ready when it happensI'm waiting for the next downturn (if it happens) - otherwise I'm not adding anymore on it's way up. I made some profit w/ MARA and I'll buy more of that if/when there's another downturn.
I dont like the hardware wallet idea. I have a hard enough time remembering passwords and my luck the wallet would be corrupt at some point in time. Online storage is OK for me.
Of course I only hold 2% of 1 bitcoin at the moment