50% seems crazy to me but it depends where you are in life I suppose. My goal is to keep crypto at 10-15% of my overall portfolio though the timing of my rebalancing in the past has been influenced by other investment ops, tax loss harvesting and where I felt the markets were going in general. I’ve also been extremely bullish on us markets since president trump got elected and grabbed quite a bit more exposure to us equities back in November/December so that probably also plays a role in my lower exposure to crypto

I would be interested to hear if/how you’ve diversified within the crypto sector. Mainly curious about long term exposures, I don’t trade any altcoins

Percentage of net worth is kind of a silly metric without context.

If I have a $100k/year job with potential for much more and have $25k in savings (net worth), putting 100% (or more) of that into crypto is pretty reasonable if you think expected returns are much higher than any other asset class.

If you're at $5M and are retired at age 40 it would be pretty insane to have 50% in crypto.

This thread is pretty illuminating as to the mentality of people in the crypto space. Someone is commenting on taxation without being aware of a nearly 4 year old guidance on the subject? % of networth as a useful metric? Basically everyone who disagreed with sp in the last 100-200 posts?

Maybe next someone can explain to me how Bitcoin is not going to get displaced by better solutions because all the competing stakeholders are gonna do whats in the best interest of BTC and not themselves.

well, as I said, I'm not entirely sure where I stand on this but the whales haven't made enough off of it yet, we're gonna see a new all-time high

what is a phonic?

you do understand these two things arent remotley exclusive too eachother right? lol

Most crypto millionaires would disagree with you.

I'm aware. That's how they became crypto millionaires. The fact that crypto is the only thing they (kind of) know doesn't make their investment strategy correct.

You could also argue that all in on AAPL with 2x leverage is a good investment strategy and you'd be equally correct.

Hi there. Paper wallet i read about a while ago. But the issue is i want to move btc like with a wallet. Paper wallet i hear is for long term holders where they don't even touch it at all.

Well everyone says get a nano ledger s or trezor. Because most people who don't, they most likely use say electrum or similar wallet or put it on exchange. The thing is people say a nano ledger s cannot be hacked even if you have malware on your computer which makes me think its a must to get it. I haven't heard any nano ledger s compromised bought from the manufacturer. I heard it from ebay but that seller or person that sold it to seller put a prefilled 24 word key on it. Does anyone know if 3rd parties can actually compromise a nano ledger s? I have not heard of this case yet.

I’ve read online that Nano s can be compromised if bought from a third party

Whether someone uses nano ledger, trezor, electrum or similar wallets, does anyone have suggestions on the best place to put the seed? Also i assume almost everyone breaks the seed into 2 or 3 pieces and thus 2 or 3 locations? And do you put it in the same location like your house/apartment? That just seems very risky if there is a fire and everything burns down. Such as your ledger, and your keys etc.


Don't you guys must have an online backup of your private key? I know people say never put your key online exposed but isn't putting it on keepass in general going to be pretty safe since someone is going to need the password to your dropbox/google drive and also keepass itself? The one issue with this of putting it in keepass is if someone installs a keylogger in your computer, then they basically could read everything off your keepass? But if its just malware or trojan, could they still? And also i read that even if a trojan/malware is on your computer, as long as you use a nano ledger or trezor, well as long as your private key isn't exposed on computer, then its impossible for a hacker to hack your nano ledger wallet right? Because if thats the case, then im really wondering what is the best place to put your private key. Because if theres a fire, then well how would you recover your private key say if half of the key is in house and half is in say somewhere else.


Does anyone have tips on this? Because i feel putting private key updated on keepass and then uploaded on dropbox/google drive is probably the best way? And most importantly, just make sure you don't visit any suspicious sites that could give you a keylogger? But malware would just do as much harm? Because it seems keylogger is probably the biggest thread to keepass? Because i really cant imagine you guys who have a nano ledger s just put your paper with the 24 word seed like in a drawer.

i have 4 safe deposit boxes. 2 in casinos and 2 in banks. i have 2 copies of my seed, each torn in half, one piece in each of the 4 boxes.

disko, i read those comments as well but those were comments from people on amazon. But they never went into detail so im not sure about that. Lot of people who bought on amazon mentioned how it looks used etc and they believe thats its compromised and that seal where i read there is no seal. The case that i heard of was that ebay scam where the ledger was not compromised, it just came with the prefilled sheet of 24 words. Thus i believe if that person just reset it and get new seed, then there would been no issue. Does anyone know if this is true or not? Im sure lot of people read about that ledger bought on ebay etc.


Wow that seems like a very smart idea borg. But the thing is most people cannot get safety deposit boxes in casinos. I assume you put one copy of the seed in a casino and the other copy in a bank right? And vice versa? Thus you would not put one part of the seed in one casino and one in the other and similar in the bank? Like you wouldnt put the entire seed at say wells fargo and the other in chase right and mix it right? That seems very clever. Also borg, well i read that with casino safe deposit boxes, if you dont open it once every so and so, they eventually will drill it out. Does that concern you at all? I dont know what happens there but obviously if they drill it out, your seed and any money/chips you have there would be exposed. But since its just 1/2 the seed, then its pretty safe right? I read that even if someone gets say 1/2 of your seed, it would be close to impossible to get the other half.

Got no alts I want to sell and BTC dominance in my portfolio is lower % than i want so I bought some here. Lol

I'm amazed at the ressources bcash advocate must spend in FUD :
https://www.youtube.com/watch?v=DFZOrtlQXWc

That video is horrible and yet R/btc has a ton of positive comments.

All the Rick reacts videos are awful

At least thanks to that kind of horrible youtube channels Doug have unlimited content.

As an experiment, i posted one link to a coindesk article about Schnoor signatures on R/BTC, and ofc 99% of answer are flat-earthers automatically FUDing hard on a project that is maybe 2 years from release at best but yet cannot work and with no redeemable features.

i am not sure what the optimal % of people's portfolio is crypto.
I try and diversify assets according to risk profile (this essentially follows ray dalio all weather approach). Assessing how risky each asset is is quote tricky but stocks are 3/4x more risky than government bonds (not sure of USA name for these) for example.
He recommends something like 50% bonds 30% equities and 20% spread across various commodities. By this logic you would be very nitty on crypto and prob around 5% of portfolio to be in crypto.
I am aiming for around 10% which is quite aggressive by these standards.

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As said before the % should depends on how much you have, your age and your current income.
5 to 10% seems nitty

Yes it is however crypto is so volatile versus conventional markets I don't think it's unreasonable.

It's the advice he gives for anyone who is not a professional investor and want to minimize exposure.
Fwiw I backtested his approach with my own portfolio and it out out performed a conventional portfolio by about 8%.
However nearly all of the reason it out performed is it was only slightly negative during the 2008 financial crash so it really is geared to riding out market volatility.

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It is an address that is controlled by Huobi.

(https://bitcointalk.org/index.php?to...11#msg30473511)

The mainstream media is as clueless as usual and many
major news outlets ran this story as "WHALE BUYS 400M $
of BTC during the DIP".

You are comparing Apple to oranges imo.
Crypto world is online poker 2005. You are witnessing the birth of a new market. Moneymaker just won wsop and everyone want to play poker without really learning a game with a high skill cap.

Your % should depend on your ability to make informed +ev decisions and your willingness to invest time in it + what kind of swings you ll tolerate.
5 to 10% is what I would expect my father to invest on a basic crypto portfolio.

i mean you could get 4 bank safe deposit boxes too. I just happen to have 2 in banks near me and 2 in casinos. It's true some casinos will drill the box if you don't play for a certain amount of time but these are both places I play at often enough where it's not a concern.

I don't have the entire seed in any one place.
I have 2 copies of the seed. I tore each in half. So i have seed 1a let's call it,in one box,seed 1b in another box, seed 2a (which is a copy of seed 1a) in a 3rd box and seed 2b in the 4th box. The entire seed is never in any one box at all.

you wouldnt even need that many secure places, at least one half has to be super secure, the 2nd half can be more available with almost no incidence on your security. You are more at risk to lose it than to get it stolen so redundancy is even more important that security as long as the 2 half arent easily linked.
The risk is proportional to the money you hold and how much you brag about your coins tho.