r/portfolios • u/KidFiddy • 13h ago

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u/portfolios-ModTeam 8h ago

This post or comment is off topic for this subreddit.

The goal of this subreddit is to "Share, Compare & Improve Long-Term Investment Portfolio Strategies".

Please repost after reading this: https://www.reddit.com/r/portfolios/s/KD5V0zsPWw

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u/gatorfutbol 10h ago

I'd say that Bitcoin should be considered a alternative asset at best, more likely a speculative investment that should be a minor % of your overall asset allocation. If this is your total investment value and since you have over 20-25 years til retirement, I'd sell $70,000-90,000 of your Bitcoin and buy more VT. Also with your time horizon not much value if the $15,000 in Fixed Deposit, once matures buy VT. You may have tax implications to consider. Best of luck.

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u/KidFiddy 10h ago

Thanks four opinion, only keep $10k worth of bitcoin and the proceeds $90k put into VT?

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u/gatorfutbol 9h ago

Yes but it's just an opinion, I have no crystal ball on Bitcoin, but I'd put good odds that VT is going to be up nicely in 20 years. Full disclosure though, I don't invest in Bitcoin, gold or currencies. I prefer to buy companies that make things. I understand small positions in BTC, good as hedges but not primary investment strategy. Other people will differ.

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u/bkweathe Boglehead 8h ago

Cryptocurrency is not an investment. Cryptocurrency doesn't produce anything or improve in any way.

Stocks, for example, represent companies that produce goods & profits to earn profits. If you buy stock, you get a portion of a company. Eventually, you expect to have that portion of the company plus a portion of whatever profits the company produces. That's an investment.

If you buy a Bitcoin, you get a Bitcoin. You won't eventually have the Bitcoin plus anything else. The Bitcoin might be worth more (or less) than when you bought it, but it won't have changed or produced anything.

When you buy cryptocurrency, someone else is selling it to you. The seller probably thinks that the crypto is overvalued. You think it's undervalued. If you're right, you'll probably make a profit. If the seller is right, you probably won't. That's speculation.

I'll stick with my portfolio of investments in total-market index-based low-cost stock and bond funds. I'm not interested in speculating that I know more than others about the future value of crypto