Your core position...
- Thread starter swifteagle
- Start date
Core position is relative.
If you’re still living in your house, have 6 months food, cash, 2 cars, and water in your bathtub for flushing, your stack is sufficient.
If you’re carting it all in your wheelbarrow up the road looking for shelter, you’ll never have enough.
If you’re still living in your house, have 6 months food, cash, 2 cars, and water in your bathtub for flushing, your stack is sufficient.
If you’re carting it all in your wheelbarrow up the road looking for shelter, you’ll never have enough.
Feel this applies to a lot of BTC maxis as well, just dump it all into btc you will always be able to buy a house...
There are some things that metals or crypto cant provide. Peace of mind from the things you mention. Investments (of any stripe) are a means to live your life and a means to an end, not a goal in and of themselves.
Like most assets, thanks to central banking monetary policy which favours the wealthy, the boat has probably sailed for the average person.
BTC maxis however would be better placed than most ...
Depending when they bought in and if they can stomach the volatility. And do you cash out now, or hope the ratio reaches 0.001? My point is i guess that regardless of what it is (stocks, silver, btc) if you need to take some off to help you live your life (like buying a house) its done its job. No one knows the future, and that argument will probably apply in 5 years when the ratio has dropped further. I wish id bought more btc, as im sure most do.
True.
In Australia we're kind of at the mercy of what happens in the larger economies when it comes to the price of assets and consumer goods/services (housing is probably the exception). I can't see any slowing of asset price inflation in the USA (again housing is the exception) as the fiscal path Trump is taking will increase the gap between the "haves" and the "have-nots" meaning the extra money that the wealthy are going to get under Trump is going to be tipped into assets increasing demand therefore price. And that will have a knock-on effect in Oz.
So the moral of the story is discretionary spending is probably best directed into accumulating assets.