I'm Finally in, I now have a base position in Cryptocurrencies

Right now about 0.7% of my paper assets are in Cryptos mostly BTC Bitcoin. I spent about 2 months
investing in a base, going forward I will make small buys periodically investments and larger investments if prices are good to lower my basis.

Why now?
The answer is: I should have done it sooner, and there is no excuse for waiting so long. so what Finally got here, simple Robinhood makes it easy to do. Here a Robinhood link to get a fee stock when you sign up. I wish they gave a free Crypto, lol. I just signed up for Robinhood in order to get a free stock (seriously) and when I realized I could buy the Crypto's I'm interested in in just seconds. I was investing.

Why Crypto?
I think everyone intuitively knows this asset class will explode in the future. Actually it will explode several times. There is no other way to get these returns legally. That being said! It is still a casino in that no one knows witch square to place there bet, but one thing is clear. Until something changes (laws, technologies, standards, etc, etc) BTC Bitcoin and ETH Ethereum will participate in the next run up. 

Why not go all in?
So it's just a bet for me. I currently only have 0.7% of my paper assets in jeopardy right now, but I will add more as we go. When I speculate in investing, I usually limit myself to either $1k for real gambles, but for investments that I have real confidence in I will go up to 1% of my portfolio.  I will likely change my allocation rule regarding Crypto in the future.

Right now all my Crypto's together are about equal to my stake in Barrick Gold Corporation. That's not planned but it is interesting, I've recently bought into both, I plan to buy more of each, I think both are set to run up, I think both are a hedge against the money printing, if they have large run ups I plan to take profits. 

2 comments:

  1. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency. How Helium mining works

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