RetireJapan

Kanto wrote: ↑Mon Jul 26, 2021 12:56 am I started with less than 1% of my portfolio, just before the recent crash, lol. I do NOT plan to rebalance or buy more.

40% Bitcoin - 40% Ether - 20% XRP.

Bitcoin for the market cap, Ether for the utility, XRP for the environmental factors. I was trying to be a pragmatic as possible, but it is still a speculative investment.

I almost bought in after the latest crash. I even registered with an exchange before deciding it wasn't for me. With stocks and bonds there are pretty reliable methods for valuing them. With cryptocurrencies I have absolutely no idea how much they are worth, if anything. Like you say, they are purely speculative.

I bought some stocks way back when.Took me 15 years to get my money back and profit.But I bought some Cryp coins in April and after dealing with the ebbs and (f)lows,I just can't go back to vanilla stocks.Even though I'm down now,and don't throw good money after bad,I'm good as is.

Cracaphat wrote: ↑Sun Aug 01, 2021 1:47 am I bought some stocks way back when.Took me 15 years to get my money back and profit.But I bought some Cryp coins in April and after dealing with the ebbs and (f)lows,I just can't go back to vanilla stocks.Even though I'm down now,and don't throw good money after bad,I'm good as is.

IMO you have made an argument for index funds not Crypto.

If you put $10,000 in VTI in 2002, it would be world $61,000 now.

Stop hunting for needles, buy the haystack.

Established wrote: ↑Sun Aug 01, 2021 2:10 am

Cracaphat wrote: ↑Sun Aug 01, 2021 1:47 am I bought some stocks way back when.Took me 15 years to get my money back and profit.But I bought some Cryp coins in April and after dealing with the ebbs and (f)lows,I just can't go back to vanilla stocks.Even though I'm down now,and don't throw good money after bad,I'm good as is.

IMO you have made an argument for index funds not Crypto.

If you put $10,000 in VTI in 2002, it would be world $61,000 now.

Stop hunting for needles, buy the haystack.

But now isn't 2002 and if you find the right needle you'll be laughing.Everyone's level of tolerance/risk differs.I wanted to try something different and put in a few coins(pun intended) to see where the chips fall.

Cracaphat wrote: ↑Sun Aug 01, 2021 1:47 am I bought some stocks way back when.Took me 15 years to get my money back and profit.But I bought some Cryp coins in April and after dealing with the ebbs and (f)lows,I just can't go back to vanilla stocks.Even though I'm down now,and don't throw good money after bad,I'm good as is.

'I'm down now' and 'I don't throw good money after bad' are the things you expect to hear around a poker table, this kinda sums my approach to crypto now. I know there's a lot of people doing it, and I'm sure some of them are making great money. I love going to casinos to play cards, and I'll do it with money I can afford to lose. I guess next time I'm considering going to a casino with some 'burn money', I could take a spin on crypto instead...

JapaneseMike wrote: ↑Sun Aug 01, 2021 3:12 am

Cracaphat wrote: ↑Sun Aug 01, 2021 1:47 am I bought some stocks way back when.Took me 15 years to get my money back and profit.But I bought some Cryp coins in April and after dealing with the ebbs and (f)lows,I just can't go back to vanilla stocks.Even though I'm down now,and don't throw good money after bad,I'm good as is.

'I'm down now' and 'I don't throw good money after bad' are the things you expect to hear around a poker table, this kinda sums my approach to crypto now. I know there's a lot of people doing it, and I'm sure some of them are making great money. I love going to casinos to play cards, and I'll do it with money I can afford to lose. I guess next time I'm considering going to a casino with some 'burn money', I could take a spin on crypto instead...

Absolutely.The key being, money you can afford to lose without regret.When I went to a casino in Vegas,I luckily won 200 bucks,but it was because a regular player sitting at the table tipped me off.Unless you're a big "whale" in crypto,you don't get any heads up.But I didn't go outside Japan for 2 years because of the pandemic, which otherwise I would have done so it's all good regardless.Lose money travelling abroad or in speculation.One has a chance of getting back...lol.