I'm Officially A Bitcoin Maximalist

[Smith1776]

Hey all.

So, at least for now, my investment journey has come full circle. I'm officially a Bitcoin Maximalist (Maxi). I've gone down a rabbit hole starting about a year ago till now.

I will likely be switching back to more of a PP or risk parity type of investment approach once I've finished accumulation, but for now it's risk on. Maybe it's a mistake, maybe it's not. But my current portfolio is as follows:

20% Cash
40% MicroStrategy
40% Bitcoin

Feel free to fire away with criticisms if you feel you must. At least I can take pride in being honest.

[boglerdude]

Lots of Adderall for that test? srs q. wait a week

US is stronger than ever as of yesterday and best case for crypto would be collapse/civil war where people need to trade crypto between states.

Bitcoin and gold should do well tho because Gov is going to pay for everything with inflation and most people blindly throw money into stocks

But what do I know, loaded up on 4% yield EDV July 2023. Props to those here who caught 5%

[yankees60]

Hey all.

So, at least for now, my investment journey has come full circle. I'm officially a Bitcoin Maximalist (Maxi). I've gone down a rabbit hole starting about a year ago till now.

I will likely be switching back to more of a PP or risk parity type of investment approach once I've finished accumulation, but for now it's risk on. Maybe it's a mistake, maybe it's not. But my current portfolio is as follows:

20% Cash
40% MicroStrategy
40% Bitcoin

Feel free to fire away with criticisms if you feel you must. At least I can take pride in being honest.

What happened to the All Terrain Portfolio??!!! Wasn't there supposed to be a book on the way supporting it??!!

[Jack Jones]

This is speculation, not investing. Have you read Hijacking Bitcoin?

If you expect a large return from Bitcoin, you don't have to commit so much of your wealth to the wager:

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The 50/50 outcomes in this case are 50% your speculation goes to 0, 50% you get the payoff indicated.

From,
Guy who believed 15% BTC was appropriate for PP in 2021

PS I’ll trade you: my Bitcoin for an ounce of your gold.

[dualstow]

When is the coming out party?

[Smith1776]

What happened to the All Terrain Portfolio??!!! Wasn't there supposed to be a book on the way supporting it??!!

Yeah, I'm still all for highly diversified investing, but I think that type of portfolio is best for the decumulation stage of one's investing lifetime. I'm just not quite there yet. For now it's pedal to the metal.

[Smith1776]

When is the coming out party?

Tomorrow at your place!

[dualstow]

Wife is out of town. I haven’t cleaned up!

[Jack Jones]

Feel free to fire away with criticisms if you feel you must. At least I can take pride in being honest.

I'm assuming that some part of you created this thread as a cry for help, so I'll continue w/ the criticism. I also can relate to falling down the Bitcoin rabbit hole / psyop. I do respect your honesty.

Yeah, I'm still all for highly diversified investing, but I think that type of portfolio is best for the decumulation stage of one's investing lifetime. I'm just not quite there yet. For now it's pedal to the metal.

1. Build your wealth upon your career.
2. Don't assume you can replace your wealth.

You're violating Rule #2 any time you think it's okay to go for broke with the savings you're counting on for the future - or when you treat your wealth with anything other than the utmost respect.
Protecting what you have requires setting up an investment program whose first priority is to preserve what you've worked for - making sure you don't take chances with the part of your wealth that's precious to you.

You get wealthy by compounding over the years. When you put 80% of your principal into a risk like this, you're seriously jeopardizing your compounding ability.

[yankees60]

What happened to the All Terrain Portfolio??!!! Wasn't there supposed to be a book on the way supporting it??!!

Yeah, I'm still all for highly diversified investing, but I think that type of portfolio is best for the decumulation stage of one's investing lifetime. I'm just not quite there yet. For now it's pedal to the metal.

Is your 10 list in your signature original to you or from somewhere else?

[dualstow]

You get wealthy by compounding over the years.

and especially over the past few days. Whew!

[Smith1776]

Is your 10 list in your signature original to you or from somewhere else?

It's Michael Saylor's 10 rules for life!

[Smith1776]

My buy price for MSTR: $252 USD
My buy price for Bitcoin: $67k USD

I am currently up ~$95k CAD on my principle after just a few weeks in this position.

I know volatility cuts both ways.. but wowza. O_o

[I Shrugged]

My buy price for MSTR: $252 USD
My buy price for Bitcoin: $67k USD

I am currently up ~$95k CAD on my principle after just a few weeks in this position.

I know volatility cuts both ways.. but wowza. O_o

Is it money that you can’t afford to lose? (Channeling Harry)

[Smith1776]

My buy price for MSTR: $252 USD
My buy price for Bitcoin: $67k USD

I am currently up ~$95k CAD on my principle after just a few weeks in this position.

I know volatility cuts both ways.. but wowza. O_o

Is it money that you can’t afford to lose? (Channeling Harry)

Yes

[dualstow]

Dude. What are you doing? You bought a house, that’s cool. All you need to do is buy a stock index and you’ll be set for life. And just contribute some of your salary regularly.

I don’t want to read about you having to mortgage your home.

[yankees60]

Dude. What are you doing? You bought a house, that’s cool. All you need to do is buy a stock index and you’ll be set for life. And just contribute some of your salary regularly.

I don’t want to read about you having to mortgage your home.

!!!!!!!!!!!!!!!!

[Smith1776]

Call it a leap of faith.

[dualstow]

I’ll say no more because Greg here had 4% of his investments in Tesla, and probably would’ve kept the shares if I had kept my trap shut /

[Jack Jones]

Message deleted.

[Smith1776]

Me patiently waiting for 100k bitcoin.

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[Smith1776]

It has not even been a month and I am up 71% on MicroStrategy. Up 37% on Bitcoin.

Wow. O_o

[Smith1776]

Peter Schiff, a longtime bitcoin hater, ironically provides one of the most succinct explanations of the MicroStrategy investment thesis.

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[Jack Jones]

Last cycle we saw a 75% drawdown. Are you going to try to avoid the next one in some way or just HODL through it all?

[Smith1776]

Last cycle we saw a 75% drawdown. Are you going to try to avoid the next one in some way or just HODL through it all?

I’m planning to HODL the entire position till I reach my retirement number. After that I’ll switch back to a more risk parity or PP-esque strategy.