The Atlanta Braves

#110,151
#110,151
NochNoch said:
Not even allowed to talk with a client about it either.

My own personal accounts though...

I mean, who can't have full faith and confidence in a currency/commodity that shares an image (mascot?) with Z's favorite horny jail meme dog?
Click to expand...
What would you say is a safe percentage of an investment portfolio in crypto? I figure around 5%.
 
#110,158
#110,158
TBrown said:
I’m not a Bitcoin guy but in fairness you would have A LOT of time to react before it went to zero.
Click to expand...
Maybe, maybe not. Bitcoin has already had a couple of ~90% drawdowns in its short history, and they happened in a matter of months. If you bought BTC today, it is entirely possible the thing goes down 25% next week. Would you get out in time? You might have time to get out before it is a literal zero, but would you be OK with losing "only" 75 or 80%?

And it's one thing to say you'd hypothetically sell during or before one of those drawdowns; it's quite another to actually carry that out. The temptation to say "it'll come back" and hold on to losers is strong, especially for a long-term investor.
 
#110,159
#110,159
05_never_again said:
Maybe, maybe not. Bitcoin has already had a couple of ~90% drawdowns in its short history, and they happened in a matter of months. If you bought BTC today, it is entirely possible the thing goes down 25% next week. Would you get out in time?

And it's one thing to say you'd hypothetically sell during or before one of those drawdowns; it's quite another to actually carry that out. The temptation to say "it'll come back" and hold on to losers is strong, especially for a long-term investor.
Click to expand...
Dogecoin could be $0 in an hour. Bitcoin could take a haircut over two weeks but if you own cryptocurrency you’re probably paying attention to what’s going on. You aren’t going to wake up one morning at $0 because the thing cratered $60K. That’s a large number.
 
#110,160
#110,160
TBrown said:
Dogecoin could be $0 in an hour. Bitcoin could take a haircut over two weeks but if you own cryptocurrency you’re probably paying attention to what’s going on. You aren’t going to wake up one morning at $0 because the thing cratered $60K. That’s a large number.
Click to expand...
The probability of that is small but non-zero. It would not go to zero or near zero in a single day, but it absolutely could lose a third or more of its value in a matter of days. Moves like that have even happened in the stock market historically, but stocks also have a much longer track record. If you bought the top, what would you then? That's why I say you should only really be involved with a portion of your portfolio you'd be OK with going to zero. "I can get out in time" is an extremely dangerous thought, and has been thought by every single person who has gotten wiped out when a bubble bursts.

At some point regulation is going to move against it. IMO the most underpriced risk with cryptos is the regulatory risk; there seems to be an assumption among the crypto bulls that governments aren't going to do anything about it, or can't do anything about it.

I still would look at individual cryptocurrencies (including bitcoin) as I would penny stocks - they are lottery tickets that have a chance of multiplying hundreds of time or going to zero/near-zero.
 
#110,175
#110,175
We got a guy who can routinely hit 96 on his four seamers but nope got to have him throw 92 MPH sinkers that he has no control of
 
  • Like
Reactions: feathersax
New posts
You must log in or register to reply here.
Advertisement



Back
Top