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Mike Alfred Shared: If you’re under 25 you should probably have 75% of your net worth in Bitcoin.
Community Response: I think this is unfair. There are some 25-year-olds who are still students. They don’t have money and go to school or take a loan. How can they buy BTC according to their financial strength?
Let me make this very simple for you. If their net worth is $100, at least $75 should be in Bitcoin.
What an “adult” response! Another crypto-god floating up in a stratosphere much out of touch with the rest of us.
Terrible advice for someone who doesn’t know the market or markets in general. Blind investment in crypto is only going to get you a repeat of everyone dumping all their cash into ETH and DOGE in APRIL, pressuring all their friends on social, and getting REKT into a panic.
This is absurd. Don’t completely trust crypto. I think 10% is enough. IT has potential to become absolutely 0 too. Risk is high to put 75% in it.
I am 32 and I am 85% in Bitcoin and another 10% in ETH and BNB. 5% in fiat to pay rent and food.
You all realize BTC is like a broken first gen wagon? Happy for all who profit but there is always something lurking that will be better than the first. Be prepared to move with the times.
We are preparing to move with the times, from cash. Witch is very much still alive. To Bitcoin as a reserve currency. Finally, something will back cash in my lifetime.
The issue is who accepts BTC? If you look at XRP who has over 400 banks ready to accept after SEC lawsuit. SHIB already accepted at major retailers etc. Value and use are different. Eventually use will be required for value.
Altcoins are better than BTC as it can make you Hella money for now and the future as well as drive massive adoption. In no particular order ETH MATIC QNT LCX XRP HBAR AVAX ALGO ELGD SOL ALBT DAG DOGECOIN BTC maxis will tell you that you could put $200 into a $50k coin. So, you keep pumping their bag.
Just straight up BTC? Not 75% on blockchain? IMO if you’re under 25 you should be value investing in pieces of technology. You see that have utility for your entire adult life. I’m pro BTC no doubt, but also pro an Insurance DAO, a lending DAO, a health care DAO.
Most DAO’S won’t be around after laws and regulations come down. Be careful.
40-60% seems right. I recommend 20% for retirement age folks. Only one company from the top 10 fortune 500 companies in 1971 remain there today and the top spot then is now tenth.
In both 1971 and 1981, the dawn of the personal computer age had yet to happen. Tech companies now dominate the Fortune 500. A lot has happened in 40 and 50 years respectively.
Most altcoins die. This is the top 10 from 2017 on this day. Most are down more than 80%. Only BTC, ETH and Cardano put in a new ATH from this list.
Investing in anything is risky, and I think crypto is even less risky. I have a company retirement account but I can’t even say where it goes, but I guess one day I’ll be able to just throw it in Bitcoin, hopefully.
If you’re under 25, you have to pay off your school debt. And, also better things to do than Bitcoin.
I strongly disagree. If you are under 90, you should have 100% of your net worth in Bitcoin. If you’re above 55 maybe. If you’re under 35 you should not even touch that useless thing also referred to as boomer coin.
I agree you shouldn’t be invested in it but at the same time it’s not useless. Bitcoin is 66% of the market, which means every single other crypto does what Bitcoin does. Bitcoin crashes, the coins you hold are crashing and vice versa. That’s crypto 101.
