Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A


Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (32) |
Author: mungofitch 🐝🐝🐝🐝 SILVER
SHREWD
  😊 😞

Number: of 15056 
Subject: Re: OT: Bitcoin FOMO
Date: 11/15/2024 7:59 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 12
So, is it foolish to allocate 1-5% of one's portfolio in case this revolution continues?

Well, I hate those posts that are nothing but a lot of trite historical quotes, but I can't resist:

While a bubble is a terrible thing to waste, it is vaguely possible that this one might have applicability:
"What the wise do at the beginning, the fool does in the end".

More prosaically, if you're going to buy BTC, do it the next time the price drops 75-80% from its peak. So far that has been a winning strategy for entry points, though extrapolation is not theoretically sound. Even if it's worth nothing, better to buy low and sell high?

Slightly less riskily, one could go with a "picks and shovels" approach. Look at the firms in the Australian CRYP ETF or the European DAPP UCITS, which are supposed to do that. THe firms that make money on crypto enthusiasm rather than on crypto "assets" per se.

Jim
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (32) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds