Is It Wise to Bet on Bitcoin for The Long Term? My Super Fund Dilemma

welcomeUniverseWorld on 15/12/2024 - 15:43

I wanted to share something personal and hear your thoughts—no judgment, please! About a year ago, I decided to allocate a portion of my $175K super fund into Bitcoin through my SMSF. Fast forward to now, and that portion has appreciated significantly. The returns have been nothing short of juicy, and I can't help but wonder if this could be the path to financial freedom.

I still have about 15 years until retirement, which brings me to a big question: Should I hold onto this Bitcoin investment for the long haul?

If Bitcoin even comes close to repeating its performance from the past decade, I could be completely financially independent when I retire. That’s the dream, right? But the flip side is terrifying—if Bitcoin crashes and never recovers, I could lose that portion of my super fund.

Is this a calculated risk worth taking, or am I playing with fire by relying so heavily on Bitcoin?

I’m genuinely looking for perspectives. What would you do in my shoes?

Financial Cryptocurrency

Comments

  • John Kimble on 15/12/2024 - 15:51
    +13

    Sell half?

    • welcomeUniverseWorld on 15/12/2024 - 15:52
      +1

      Yeah.. Thinking of that as well. Thanks. Maybe sell half bring back to my normal super that I have with INGDirect.

      • soan papdi on 15/12/2024 - 21:11
        +4

        normal super that I have with INGDirect.

        You might save on fees with industry funds like Australian Super or Host Plus.

    • Nickels n Dimes on 16/12/2024 - 22:00

      Don't put all of your eggs in one basket.

      However, it looks promising in the short-medium term:
      https://www.fool.com/investing/2024/12/15/bitcoin-forecast-2…

    • randomvis on 17/12/2024 - 12:13

      More like, sell all, and pile all-in at the halving.

      But keep in mind the market cap for
      - BTC is ~$2 trillion,
      - Silver is ~$1.9 T
      - Gold is ~$17 T
      - Global housing is $500 T

      So the question is where will it stop, and could it ever exceed gold as a new inflation hedge. I'd pile in up until CBDC's get introduced, then I reckon central banks wouldn't want competitors.

    • frewer on 17/12/2024 - 12:18

      ^This, or 60%, 80%. There's the saying, "No one ever gets poorer by taking some profit."

    • bethepro on 17/12/2024 - 14:36

      I agree with this. Hedge your bets. You have done extremely well OP. Play the game smart and put your eggs in the different baskets.

  • Buwwy on 15/12/2024 - 15:53
    +5

    Congrats. I think it's hard to predict. And it depends on your risk tolerance. For me, I'd probably sell majority and keep a small parcel in the event it does continue to rise over the years.

  • Jimothy Wongingtons on 15/12/2024 - 15:55
    +8

    Where’s the vote for double down?

    • welcomeUniverseWorld on 15/12/2024 - 15:58
      +2

      Do you mean commit more into Bitcoin? Wow.. I do not know mate. I have a portion in my normal super with ING and rest as SMSF holding Bitcoin. Commit more… I donot know. I need to sleep as well.

    • Aureus on 15/12/2024 - 19:47

      It literally can't go tits up

      • SlickMick on 16/12/2024 - 15:04
        +1

        What makes you say that?

        I can't think of anything more vulnerable…. but then I haven't had a chat with Elon to totally change my attitude.

        • Aureus on 16/12/2024 - 15:22
          +4

          I was attempting sarcasm. I wouldn't actually recommend gambling your super.

          • SlickMick on 16/12/2024 - 15:27
            +1

            @Aureus: oh lol I'm a shocker for missing sarcasm :)

      • nobro25 on 17/12/2024 - 11:06
        +1

        Bitcoin proceeds to go to $1,000,000 per coin.

        • Aureus on 17/12/2024 - 12:09

          Anything is possible. It would be 22 trillion market cap assuming no more coins are minted between now and then.

  • apsilon on 15/12/2024 - 16:01
    +45

    I'm probably going to get down voted for this but bitcoin is a purely speculative investment. It could go either way and is really no different than if you went and played roulette. It's supposed to be a currency and the tech is there to do that but as it stands it's volatility makes it worthless as a currency so really what's the point of it other than speculative gambling?

    I'd sell a portion and take your initial investment and some profit and continue to gamble the rest if you're in a position to do so.

    • welcomeUniverseWorld on 15/12/2024 - 16:07

      I upvoted your response. Thank you for sharing your perspective. Hearing multiple views is essential for me at this point. When I initially made the purchase, it was more of an impulsive decision. Now that it has grown significantly (in my eyes), I find myself reconsidering my approach.

      • SlickMick on 16/12/2024 - 15:11
        +1

        What has changed?
        It hasn't succeeded as a currency. Has it failed, or do you think it could still get there? Is it going to find some other use?

        What people are willing to pay for it today has no bearing on it's worth as an investment.
        What if Elon had listened to Trump instead of visa versa?

        Remember the tulips.

    • jetblack on 16/12/2024 - 08:18
      +4

      speculative gambling

      Entirely my view.

      It is a solution looking for a problem. I've seen some interesting proposals for how crypto could change certain industries, and all have fizzled out in terms of their usefulness. They wind up becoming yet another 'speculative investment' vehicle.

      Its like to make gains you have to HODL but I'm convinced that this won't last forever, so youre going to have to be smart enough to quit while you're ahead and be at peace with missing out on some (potential) incredible returns, or hold on indefinitely and be stuck holding the bag of worthless bits and bytes.

    • Zephyrus on 17/12/2024 - 13:18

      The tech isn't there to make Bitcoin a currency for most transactions. Payment fees are very high and it's not very fast but costs in the $3 USD range and transaction times a bit over an hour, there's no way to make Bitcoin a currency for day to day use.

      It's 100% speculative, maybe another crypto currency comes in and gets used, but it'd likely be something with a government backing it.

    • welcomeUniverseWorld on 15/12/2024 - 16:33

      I hope I can work for another ~15years. Hence, it is a long way from retirement.

      • tomlikesbeetroot on 17/12/2024 - 12:18

        15 years isn't exactly long from retirement in investment terms.
        Its really getting close to the point where you start considering winding back from the more aggressive investment strategies.

  • pegaxs on 15/12/2024 - 16:37
    +8

    Make the most of it until Jan 6. After that Cheeto dust covered orangutan gets into office and start cutting people off, shipping workers "back home" and basically destroying workers rights and increasing prices for everything with tariffs to feed all the backhanded deals he made with the oligarchs, people are going to be shitting themselves.

    Im predicting that bitcoin is going to take a nose dive as people panic and want their "cash" back again because their local food and petrol companies are not going to be accepting "bitcoin" as a form of payment.

    • welcomeUniverseWorld on 15/12/2024 - 16:58
      +1

      "Cheeto dust covered orangutan" haha. That is awesome, mate

    • SlickMick on 16/12/2024 - 15:18
      +5

      I dunno. WIth him pushing it, I think might go gangbusters for a little while. From the way Trump's talking, I think it's the USD that's going to tank.
      I've already told my wife to make preparations from a trip to the US if the AUD hits parity again.

      • ripesashimi on 17/12/2024 - 10:46
        +1

        We have enough data now dont we. Has the USD tanked at all during the past 20 years regardless of covid and a bunch of wars?

        You need a bigger event than all of that to make a dent on the USD.

        • trapper on 17/12/2024 - 13:06
          +1

          Has the USD tanked at all during the past 20 years regardless of covid and a bunch of wars

          USD buying power has dropped 40% since 2004

      • trapper on 17/12/2024 - 13:03

        I think it's the USD that's going to tank.

        Bingo.

  • GordonD on 15/12/2024 - 16:42
    +5

    A pyramid scheme can be profitable in the short term.

    It can't be profitable in the long term. It is impossible for anything to keep increasing exponentially forever.

    The trick is knowing when to get off. If you hold onto it past the point you can persuade someone to buy it off you, its worth nothing, because it has no inherent value.

    • Ade99 on 16/12/2024 - 13:09
      +2

      Sir Issac Newton (who I consider reasonably smart) tried to play this game. He ended up flat broke when he died…..

    • CatalystX on 16/12/2024 - 20:07
      +3

      lol typical low iq comment. Btc has been running for 15 years. what time frame are you expecting for it to not be considered short term.

    • Fredfloresjr on 17/12/2024 - 09:59
      +2

      Nice try GordonD. Hahahah

      15 years and still a scheme, Makes sense.

      • greatlamp on 17/12/2024 - 11:27
        +1

        How does 15 years or 50 years make a difference? It is clearly not a store of value and it is not a feasible medium of exchange. It doesn't have fundamental value.

        Things can have value without having any fundamentals underpinning. Why is a piece of art worth $50 million?

        Bitcoin will continue to increase because it has a fixed qty while demand continues to increase. As long as that demand remains it will have value, in the same way that fiat currency has value.

        It's a small market subject to manipulation, it's not digital gold, it's digital silver.

  • MS Paint on 15/12/2024 - 16:43
    +1

    Sell it and acquire as many flybuy accounts as you can with the funds.

    • welcomeUniverseWorld on 15/12/2024 - 16:59
      +2

      flybuy accounts can not be purchased. Sir.. you are in the wrong place

    • JIMB0 on 15/12/2024 - 17:24
      -1

      Don't forget to organise them so as not to hold up the que when checking out.

      • timthetoolman on 15/12/2024 - 17:31

        It's actually 'queue'. You forgot the other two redundant letters in the spelling of that word.

        • JIMB0 on 15/12/2024 - 17:53
          +4

          And to think this whole time I've been saying 'far que' when I should have been saying 'far queue'. Thank queue for setting me straight.

  • 87percent on 15/12/2024 - 16:48

    I’d sell the money and put it into hand sanitizer.. it’s due for a boom

  • sumyungguy on 15/12/2024 - 16:49
    +2

    Unless you're intentionally hiding your overall position, your age-adjusted super balance appears low. If in your shoes I'd seek expert advice if you haven't already?

    • welcomeUniverseWorld on 15/12/2024 - 17:01

      I was intentionally hiding my overall position.

      According to ASFA's 2023 Retirement Standard average super balance for 40–44: $101,300. My balance is significantly above that due to the appreciation from Bitcoin SMSF fund. However, I am worried.. tbf

      • sumyungguy on 15/12/2024 - 17:04
        +1

        Using ART's figures, you should have $213K at age 45. I'm concerned about your fee overhead having both retail & SMSF with low balances…

        • Jimothy Wongingtons on 15/12/2024 - 17:12
          +6

          you should have $213K at age 45.

          Me: sweating profusely

        • welcomeUniverseWorld on 15/12/2024 - 17:15
          +2

          Yeah. That is also a concern.. the fees.
          There is a significant fee to maintain SMSF. I might close the SMSF to be honest by mid of next year…

          • SlickMick on 16/12/2024 - 17:15
            +1

            @welcomeUniverseWorld: How are you managing SMSF? It should be more encomically and increasingly so because the costs are fixed rather than a % of balance.

      • Ade99 on 16/12/2024 - 13:12
        +2

        as your funds are in a speculative pyramid scheme, then until you lock in any potential gain (or loss) it is all hot air…….

  • May4th on 15/12/2024 - 17:09
    +4

    if your investment horizon is 15 years you have time to ride out another cycle or two. risk manage your portfolio and rebalance accordingly. keeping 5-10% in btc is very low risk. your risk in crypto is likely to be greater with custody rather than its value itself. are you storing it on an exchange or cold wallet?

    • welcomeUniverseWorld on 15/12/2024 - 17:15

      Cold wallet . Do not trust exchange after FTX.

    • welcomeUniverseWorld on 15/12/2024 - 17:25

      That is precisely the point. If there are another two cycles, it could result in a 10x increase from the current level. Such growth would represent a significant and impactful rise on the smsf portion. On other hand, if we do not get any more cycle I am …

  • JIMB0 on 15/12/2024 - 17:27
    +13

    Bitcoin is not an investment, it's a speculation. It has no intrinsic value like a business that has tangible assets and income, therefore you can't really put a value on it.

    • KangaDrew on 15/12/2024 - 17:39
      +2

      <Peter Schiff has entered the chat>

    • trapper on 17/12/2024 - 13:10

      It's kind of like trading the shares of a bankrupt company.

      No underlying value at all, but somehow the actual shares themselves have become collectors items.

  • Protractor on 15/12/2024 - 17:28
    +2

    Put it all on uranium, and sue Duttons arse if the plan goes pear shaped.

  • daft009 on 15/12/2024 - 17:44
    +1

    Timely question thanks.

    I have a bit too since 2011-2012 ish. Only held it so long as I'm basically at no loss no gain standing since then.

    Leaning towards just hanging on to it, unless it makes me a millionaire or ends up 0..

  • Cluster on 15/12/2024 - 18:07

    If Bitcoin even comes close to repeating its performance from the past decade, I could be completely financially independent when I retire.

    Bitcoin has increased in price around 300x during that time. Betting on performance close to that is delusional, unless inflation becomes rampant and we're paying $1000 for a loaf of bread.

    • welcomeUniverseWorld on 15/12/2024 - 18:21

      I would take even 10x mate

      • Protractor on 15/12/2024 - 18:29

        Why ask strangers for advice then?
        Either make the call or trust (choose) your super-fund. Are they all turgid over BTC?

        • welcomeUniverseWorld on 15/12/2024 - 18:55

          It is SMSF mate. I have two super fund.. One normal with ING and another SMSF in Bitcoin spot in cold wallet

  • Malik Nasser on 15/12/2024 - 18:25
    +5

    Do yearly rebalances.
    If you generally hold 1%-5% of your total assets in Bitcoin, then each year rebalance. If Bitcoin performs well (as per the last year), then sell down and rebalance to your usual allocation.
    In a years time, if Bitcoin tanks, you will have to decide if it is worth buying more Bitcoin as your asset allocation to Bitcoin could be below your allocation threshold.
    Bitcoin has generally followed a 4 year cycle, with spectacular highs, and bone crushing lows.
    Have a mechanical system so you dont have to think about it.
    If you go back a year or two, everyone was saying it was the end of crypto. Now look where we are.
    You need to do your own research, as this is a very polarising topic. People either love it or hate it. Your unlikely to get a balanced opinion from most people here.
    If you are stressing about it, and it is keeping you awake at night, it pretty much means you are holding more than you are comfortable with. Sell down some, and sleep easy.

  • DingoBilly on 15/12/2024 - 19:05
    +2

    With something serious like the funds I'm using for retirement I don't want to take significant risks.

    Yeah you might 10x your money but losing 90% of it would suck and leave you up shit Creek for retirement. Traditional investments are boring but unlikely to have massive swings.

    I think the advice of selling majority of it and reducing risk significantly is wise.

  • p1 ama on 15/12/2024 - 19:12
    +5

    Is this a calculated risk worth taking, or am I playing with fire by relying so heavily on Bitcoin?

    You are playing with fire to rely on any singular asset - investing in single assets can be fun for a bit of a punt, but ultimately it is gambling and I would never invest any money in a single asset which I'd be unhappy to lose. Similar to taking a punt on a sports match or going to the casino. Remember that everyone's a genius in hindsight.

    The only long-term investment strategy is to hold a diversified portfolio, especially if you are nearing retirement and this is going to be your key source of income.

    I'm not against YOLO bets, it's a bit of fun when you're 20 and losing all of your savings is not the end of the world, it's different when you're 50 and your investments are your lifeblood.

  • Tiredman on 15/12/2024 - 19:17
    +5

    This place is fairly anti bitcoin so it's up to you. I've been posting about Bitcoin here since 2017/2018 and seen some horrendous takes over the years, most of them have gone silent now. I'm in for the long haul but it's not my only investment. I'm fairly diversified.

    • daft009 on 15/12/2024 - 22:05
      +1

      I got told about it by a mate in late 2010.
      He was mining 20btc per day back then

  • localhost on 15/12/2024 - 19:26
    +1

    Just leave $50k in BTC and move the rest in normal super fund. With 7-8% early growth this sum will double for 10 years.
    And those $50k might be cherry on top if bitcoin performs the same way or will insignificant lose.

  • Dollar General on 15/12/2024 - 19:42

    Depends on your view of bitcoin. Today bitcoin is nothing like what Satoshi Nakamoto envisaged. Wall St all over it now and it’s become a commodity not a currency

    • tomlikesbeetroot on 17/12/2024 - 12:24

      I'm probably in the minority, but the only time I ever use bitcoin is as a currency.
      I don't hold any BTC, but buy the exact amount I need for a purchase, then send it immediately.

  • Peza on 15/12/2024 - 21:24
    +3

    Follow the cycle.. be prepared to sell up in the next 6 mths and rebuy in late 2026 / early 2027

    • welcomeUniverseWorld on 15/12/2024 - 21:25

      How does the cycle go?

      • JIMB0 on 16/12/2024 - 07:23
        -1

        Pump then dump.

      • Peza on 16/12/2024 - 08:38
        +4

        Cycles are around every 4 years..
        Without going into to much details, bitcoin halving occurs approx every 4 years, so the reward to mine becomes less, which means value of BTC goes up.

        Bitcoin halving occurred in April 2024. Typically the bull market starts around 6 months later which is where we are now. (Large gains since early November)

        Bitcoin has gone up from 60kUSD to around 100kUSD - and likely has more to go with conservative predictions of $120k USD all the way to over $200kUSD for more aggressive predictions.

        When BTC starts peaking, it will stagnate for a while, people/traders will start selling bitcoin and moving into other coins/projects (meme coins, tier 1/2 projects - most speculation), they will get a run up hard and drop hard.

        There will be a couple of volatile corrections/manipulation - key example last week when there was a decent drop, but also a decent recovery. These are likely to get people to sell up or hit stop-loses. Some say trumps inauguration on Jan 6 could swing it either way, and possible another correction/volatile period come march-may.

        Eventually one of these drops wont stop.. then that's the bear market. When will that happen? no one knows.. you need to be on the watch.. could be March 2025, June 2025 or as most predict somewhere around Sep/Oct 2025.. I wouldn't be hanging around that close.

        To complicate things, BTC has matured this time around. There are EFT's, Blackrock is on board etc.. no idea how this will impact things. Could BTC become more stable? probably.. My opinion is it will dip again in the bear cycle. Under normal cycles, you would see what its peak was and make a guesstimate to where it would drop. I wouldnt be surprised to see it hit the 50-60k USD mark again in 2027, but with Blackrock invested, the dip might be less (i.e. 80k?) If you look at some charts (tradingview) and see how it moved after the peaks of 2021, 2017 etc..

        You can sell % at certain point (if you are happy at 100K, sell 25%.. if it hits 120k, sell another 25% etc..) its not all in or all out.. But set a goal now without emotion and stick to it.. be happy to gained more than 5-10% elsewhere.

        Long term, i think it definitely would be good to own BTC.. I plan on buying in myself come 2027.. I'm out of BTC now and into other projects for the remainder of this cycle.

        Everyone has their own views, and im sure many on here will view things differently, but that's what makes crypto such a beast.

        Good luck and hope that helped

  • bargaino on 15/12/2024 - 23:00
    +4

    If you put all your money into tulips in 1634, …
    In the long term, we are all dead.

  • Bargain-er on 16/12/2024 - 07:19
    +1

    I'm in a similar situation. Have a portion of SMSF in Crypto, have hopes all up but also realise that it will go down as part of cycles. The trick is when to sell. Someone advised in 6 months which is pretty logical. I m thinking to sell up starting January. Again the trick is when to sell. Additionally, people are dreaming abt becoming overnight millionaires. It is not without high risk, sometimes super high ones.

  • Chewy2221 on 16/12/2024 - 09:29

    I was listening to an investment guru recently. He indicated that large amounts of US debt will need to be "rolled over" in the second half of 2026. He expected that this would have major impacts on US stocks & potentially other investments. I suspect that this information is easy enough to verify. This might be one of your considerations. What will this do to the Bitcoin price? I don't know. If it were my investment, I would probably sell 60- 70 percent so that I have recouped my investment & taken a small profit. If Bitcoin goes to zero, then you haven't lost anything. Good luck

    • welcomeUniverseWorld on 16/12/2024 - 09:38

      I did not know that. I would be way out of this then long before :). Thanks for the information. I will google and find more information. Surely will run away before that and maybe buy back again if it drops considerably

  • JownehFixIT on 16/12/2024 - 09:54
    +2

    https://www.instagram.com/reel/DDRAJjGJqX7/?igsh=ZXV6cWt4NzB…

    These be the vibes of crypto to me…

  • mitchalbrown on 16/12/2024 - 12:13
    +1

    There's a lot of hate for BTC here as an investment. There are now spot ETF's for BTC and Ethereum which are being managed by very reputable financial institutions. I do find it strange that this has not swayed anyones thoughts on it as a legit investment.

    What would change minds if not that?

    • apsilon on 16/12/2024 - 12:56
      +1

      I don't hate it, it's clearly an investment worth some consideration but that consideration needs to take into account both the pros and cons. I dismiss the meme coins completely as they're basically a con but bitcoin was created to be an alternate currency however it's completely failed at that so given it's a virtual object and it's useless for it's intended function, there's a very real risk that at some point people are going to realise that it's essentially worthless and it'll completely crash. Some people have and will make good money from it but others are going to lose and potentially lose more than they can afford. You should never invest more than you can afford to lose but the huge returns have tempted people a lot of people to go all in and for many of those the likely outcome is complete ruin.

      • mitchalbrown on 16/12/2024 - 14:40

        What you are saying totally makes sense for the uninitiated but you haven't offered any insight into why the likes of JP Morgan, Blackrock and various other financial instutions have staked their reputation by creating ETF's for these assets. If it's considered a failed currency and it's virtually useless then what are the above mentioned funds seeing in it?

        It's one thing to convince a whole heap of contrarians that bitcoin is the future of money and cash is trash but I think we are well past that… Convincing wall street to offer it with legal frameworks means that a bunch of really smart educated people have looked at it and decided that it has value and is a reasonable long term investment.

        Just trying to understand what it would take for BTC/ETH to get legitimacy… whats the next hurdle? It seems to have overcome every one so far.

        • apsilon on 16/12/2024 - 16:14
          +2

          They're offering it because they can make money out of it. The same reason they do anything. It's failed as a currency but people are currently gambling with it and that gives it value currently.

          Get legitimacy in what sense? As a currency? I don't think it can without essentially failing and stabilising at a low, as in a few dollars, value. As in investment? I think it's entirely legitimate as is but it's very high risk and potential high returns. It just depends on being lucky enough to find a chair when the music stops for good. Some people will get rich but most will get burned, possibly incinerated.

          • mitchalbrown on 16/12/2024 - 16:35

            @apsilon: What you are describing is a ponzi scheme…. but the SEC gave BTC and ETH ETF's the green light, allowing these institutions to offer it as an investment. They were unable to offer these until the SEC determined that they were not a ponzi scheme.

            Without getting into an ideological argument, It's generally accepted that bitcoin is considered a store of value more than a currency… so it's more analogous to gold.

            It is volatile and runs in cycles so it is a short term high risk if you haven't got the time to be in the market and ride out the waves but i think it's fair to say it's relatively low risk when just making up 5-10% of your risk adjusted portfolio.

            • apsilon on 16/12/2024 - 17:23

              @mitchalbrown: The meme coins basically are the definition of a ponzi scheme but the larger cryptos are more legit and you're right, they are being treated as stores more so than currency.

              • mitchalbrown on 17/12/2024 - 07:27

                @apsilon: yes, I agree. Meme coins are a ponzi which people gamble on. This is why the SEC hasn't approved a pepe ETF.

            • SlickMick on 16/12/2024 - 17:38
              +1

              @mitchalbrown: Bitcoin is like the opposite of gold. One is defensive, low growth and stable and a store of value, the other is none of that.

              • mitchalbrown on 17/12/2024 - 07:32

                @SlickMick: I think if you look at a chart of gold and bitcoin, they follow a similar path. When fiat currency shows weakness, people flee to forms of value store which hedge against that. Bitcoin will become more popular for this purpose as it is more accessible.

      • SlickMick on 16/12/2024 - 17:35

        I agree with everything you said except:

        it's clearly an investment worth some consideration

        everything else you said contradicts that; and

        You should never invest more than you can afford to lose

        You should never gamble more than you can afford to lose, and you shouldn't confuse gambling with investing

        • apsilon on 17/12/2024 - 05:52

          I've said the same thing in a couple of replies. I don't think it has a future long term unless the price corrects dramatically and it can actually become a currency. But if you can afford the risk then a short term investment may be worth it but it is high risk so don't play with money you can't afford to throw away. Everyone talks about it in cycles like it's a sure thing and can only go up long term and many have bought in to that but that's pure speculation. As they say, the only sure things in life are death and taxes.

    • SlickMick on 16/12/2024 - 17:31
      +1

      There has certainly been some events that could justify a gambler piling on. (Obviously ETFs mean lots of buying which artifically inflates the price.)
      The trick is to dump before everyone else does, and that's were lots of people are going to get hurt.

      There are many ETFs I wouldn't touch. But I'm sure they have lots of warnings to ensure they don't get sued when that big aha moment comes.
      Financial companies will make lots of money selling people what they want, and it's no lose to them when it dissolves.

      • May4th on 16/12/2024 - 21:16

        ah I remember the days when people worshipped Cathy Wood

  • AndyRates on 16/12/2024 - 14:29

    Is it still good to buy Bitcoin at $106K USD?

    • mitchalbrown on 16/12/2024 - 14:42
      -1

      If you are asking this question then the answer is a no… When you understand markets and cycles you will know when it's time to buy bitcoin.

  • CatalystX on 16/12/2024 - 19:32
    +2

    Don't listen to a single soul on this forum. Great job on your investment, most people on this forum have no idea how to invest and were shitting on bitcoin a year ago. The last thing you need to do is get advice from people here. You obviously made the right choice by buying bitcoin back then so stick to your own decision. The amount of hate for bitcoin on this forum is appaling when it has done nothing but gone up for 14 years. In my personal opinion, if you're planning to hold it for longer (5+ years), you should hold only because bitcoin is designed to counter the debasement of fiat currency. Governments are going to be forced to put themselves into perpetual debt for years to come which will devalue all fiat currencies. Good luck mate

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