Bitcoin: The Most Brilliant Vehicle to Retain Wealth, Ever (And, no. NOT risky.) Okay, guys. I've been in this space for a while now. I've invested in Bitcoin consistently over the past six years. I've used various platforms and most of my holdings are my own keys. However, recently I bought a Schwab BTC ETF for my Roth IRA. As soon as I dropped my ever-more-and-constantly-devalued-fiat into the account and bought the ETF, I get this gigantic warning informing me that Bitcoin is a seriously risky investment, highly volatile, blah, blah, blah, etc. Any research I've done online or in conversations with traditional financial advisors they all say the same crap of how terribly terribly risky BTC is for an investment. Most of them and nearly all my friends say I'm crazy to have invested a measly 10% of my net worth into BTC. They say how it could all go to zero and rek me and my family, forcing us to service unsavory individuals behind the local Wendy's dumpster. They say it's a digital Ponzi scheme worse than a multi-level marketing scheme selling essential oils to your high school bullies. They point to charts and graphs and show me 300% losses, cherry-picking data to suit their argument like a reality TV show editing a villain to make him more lovable. They state the age-old, debunked argument that BTC has no inherent value on its own, more imaginary than the concept of "adulting" being enjoyable. They argue like the best flat-earthers that BTC is wasteful and inefficient and you can't actually use it as currency. But here's the thing... Bitcoin is never going away. NEVER.There will always be somebody out there that will hold these coins tighter than a toddler gripping his favorite teddy bear during a thunderstorm. So, I don't really understand the rationale that BTC is a "risky" asset. Sure, I could invest $10k today and next month it might be $5k. If I needed that money right away for whatever reason, fine. That makes it "risky". But if you have a time frame that is flexible enough to wait, then it's going to go up eventually. Period! You guys have actually taught me (as well as DYOR) how incredibly unique and rare this invention is. There literally has never been anything like it before. AND WE'RE HERE NOW, NOT 20 YEARS FROM TODAY. NOW. We are still "early" and this is about as safe a bet as you can ever make with the returns you want to secure, or a wealth-retention vehicle to pass down to your progeny. Okay. Done now. Sorry for the rant, but I think I finally am starting to realize why Bitcoin is such an amazing invention. What do you guys think? Can you even call Bitcoin "risky"? Can you actually say that Bitcoin is "safe"? [link] [comments] |
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