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re: FBTC - am I going to be happy or cry?

Posted on 3/11/24 at 9:27 am to
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41822 posts
Posted on 3/11/24 at 9:27 am to
I know that. I’m asking if I should be dumping more into it or not.
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
25953 posts
Posted on 3/11/24 at 9:32 am to
scale in and buy big when you get a big dip.
Posted by 98eagle
Member since Sep 2020
1991 posts
Posted on 3/11/24 at 9:35 am to
Back the truck up baw. It's not too late.
Posted by I Love Bama
Alabama
Member since Nov 2007
37759 posts
Posted on 3/11/24 at 9:41 am to
quote:

I know that. I’m asking if I should be dumping more into it or not.


Not until you understand the asset class.

Read "The Bitcoin Standard" and then make an educated decision.
Posted by BottomlandBrew
Member since Aug 2010
27187 posts
Posted on 3/11/24 at 9:59 am to
quote:

I’m asking if I should be dumping more into it or not.


FBTC is in the high-risk portion of your investment pyramid. Invest a small amount for a high-risk/high-reward situation. Say for example, you are putting 60% in the low-risk category, 30% into medium risk, and 10% in high-risk, then maybe you put 1-3% in a BTC ETF. It all depends on your risk tolerance and allocation. I have a pretty high risk tolerance, so most of my high-risk investments are in crypto. I accept that my high-risk investments may go to $0, but I'm okay taking that risk.

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