What an odd argument.. Amway and other MLM scams still exist and yet you wouldn't invest in them. Scientology has been around forever, yet you probably think those people are crazy.

quote:
was thinking of just ripping out 30k of my 401k and going for it. I don’t see the 30k compounded being worth more than 200k at the end of my career. But it could be worth over a million if I parked it in BTC.

If you want to gamble and get rich quick then buy a lottery ticket. Otherwise not sure how you came to the conclusion that Bitcoin for sure is going up? It has zero utility besides speculative investment.

I would say it is extremely risky to invest anything you aren't willing to go to zero. So a very small portion of your accounts. Around 20% exposure to any single security seems like a massive risk for anything.

This post was edited on 5/6/24 at 9:31 pm

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Posted by dualed

Member since Sep 2010

4714 posts

Posted on 5/6/24 at 9:38 pm to UltimaParadox

quote:
What an odd argument.

People have been doubting this thing, myself included, all the way up to 70k a piece. I just don’t see how one day it all goes away. And I’m no stranger to being called crazy. But I’m totally fine with parking 20% of my retirement on a gamble. The value of the dollar steadily declines while wage growth stays stagnant. I can be safe and stick with what I’m doing, but at what cost?

Idk. I wish I had a crystal ball, but I think there’s dumber things I could do with my money than buy BTC.

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Posted by thatguy777

Member since Feb 2007

2392 posts

Posted on 5/7/24 at 12:28 am to UltimaParadox

Another btc thread…been in since 2017 and people have been saying the same stuff the entire time, but surely now that governments have accepted it, there are etfs on nyse, sec is on board, companies are buying it to stash, and many other things, it is doomed to go to 0…wtf are y’all smoking

Cats out the bag. Here to stay

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Posted by Naked Bootleg

Member since Jul 2021

1855 posts

Posted on 5/7/24 at 6:08 am to UltimaParadox

quote:
It has zero utility besides speculative investment

..other than you can buy stuff with it, maintain anonymity when using it, while enjoying no risk of it being seized by the government. For now, anyway.

If the fed centralizes it somehow - which would be a tall task - the value would go way down. If that doesn't happen, it will continue to grow in value. That's the gamble.

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