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    Going heavy on Bitcoin while I’m still young

    So I'm 28 and figure this might be my last chance to really swing for the fences before I get too settled into the whole responsible adult thing. Been thinking about dumping like $2500 monthly into my hardware wallet and just letting it ride for the next 5-6 years. I mean when else am I gonna have this kind of freedom to make big moves without worrying about a mortgage or kids or whatever. My job's pretty stable so I can swing it and still cover my expenses. Part of me thinks I'm crazy but another part thinks I'll regret not taking the shot when I had the chance. Anyone else doing something similar or am I just being reckless

    Going heavy on Bitcoin while I'm still young
    byu/Numerous_Plane_350 inBitcoin



    Posted by Numerous_Plane_350

    10 Comments

    1. burnbabyburn11 on

      Are you investing in anything else? Maybe a good idea to get some VOO or other S&P index fund so you have more than 1 bet. I think BTC DCA for 6 years is probably a good bet though.

    3. -TheFirstPancake- on

      Good time to do it. Not doing something similar, but I have done this in the past, and it paid for my first house. I think there is more downside to come, but either way this is a good time to accumulate.

    4. Vegetable_Peanut2166 on

      I’d take that shot 100x over. It’s not like fiat is doing too hot.

      (Not financial advice)

    6. tpc0121 on

      i think your thought process is sound. sometimes it does make sense, even risk adjusted, to swing for the fences. just make sure never to put in more than you’re willing to lose, stay off margin, and trade on a thesis (not on emotions).

    7. KMcCowan03 on

      I’m older like almost 60. I already had investments of $1.5 million in stocks. Decided to diversify into bitcoin over last 5 yrs. Over that span accumulated 7.08 bitcoins. Decided that is enough unless price drops below $60k. Now it’s just HODL until 2036

    9. secureputcalls on

      Learn about wheel Strategy which actually works start with small amount like 1000-2000 pick solid stocks with good options liquidity then work for 6 months to 1 year before putting more money. Trading is like mining of money. I search on secureputcalls and maintain breakevens for each position to sell covered call and cash secured put to accumulate premium on good stocks. Check the Wheel Strategy Screener for ideas on quality underlyings that fit your small starting capital .

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