Kevin O’Leary says he’s put 20% of his portfolio in crypto,

johnarb said:
So how much of your networth do you have in Bitcoin?

Elon Musk, Ray Dalio, Druckenmiller, Soros, Paul Tudor Jones, Tim cook, etc etc, only have small % of their networth...

ET nocoiners = 0% allocation to Bitcoin
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I have exactly Zero percent of my net worth in bitcoin or blockchain or crypto. Why is that important?

Why would any reasonable person put money in an asset that was trending downward?

Now if I had some bitcoin and I wanted to get rid of it I would certainly encourage others to buy. I might even run some ads warning about missing this great oportunuty. Get in while the getting is good. (I do like the Larry David ad)
 
deaddog said:
I have exactly Zero percent of my net worth in bitcoin or blockchain or crypto. Why is that important?

Why would any reasonable person put money in an asset that was trending downward?

Now if I had some bitcoin and I wanted to get rid of it I would certainly encourage others to buy. I might even run some ads warning about missing this great oportunuty. Get in while the getting is good. (I do like the Larry David ad)
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You're that one that brought up Kevin's allocation to which I added the other billionaires have also an allocation

And not just the billionaires, also the UHNW people. Look up JP Morgan, Morgan Stanley, Goldman Sachs, Fidelity, etc

I have my allocation but I'm not rich like those guys
 
Trader Curt said:
Lol there is no way you are serious right now.
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No I'm serious. I can find no reason for bitcoin to increase in value. (It's going to go up so get in now isn't a reason I find valid especially as it seems to be trending downward)
As a momo trade, there may be opportunities and I might get involved if it begins to trend higher. Right now it's not so I'm content to wait and watch.
 
johnarb said:
You're that one that brought up Kevin's allocation to which I added the other billionaires have also an allocation
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But you seemed concerned whether I have an allocation to bitcoin. I don't and you are aware of the reasons.

I haven't got involved yet as bitcoin is still trending to the downside.

As far as being rich, I do believe your networth is greater than mine. But as you continue to hold bitcoin you're getting closer. :)
 
deaddog said:
But you seemed concerned whether I have an allocation to bitcoin. I don't and you are aware of the reasons.

I haven't got involved yet as bitcoin is still trending to the downside.

As far as being rich, I do believe your networth is greater than mine. But as you continue to hold bitcoin you're getting closer. :)
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It was a rhetorical question in the context of you pointing out Kevin's limited loss of $80M vs $400M total networth. Apologies for the misunderstanding there. I am aware you have no allocation

Currently have 18 Bitcoins, planning to add 1 or 2 more soon™️

If Bitcoin goes to $0 (and all of cryptos as well), we have a few years of cash USD to live on before I have to get my job back or something similar or work for McDonalds :D

What would suck is if Bitcoin goes to $10K or lower, I'll be tempted to buy more using our cash safety net, but I will fight the urge to be degenerate lo leave some for at least 1 or 2 years worth of living expenses
 
johnarb said:
This asshole was very negative on Bitcoin and crypto for many years, now shilling all kinds of shitcoins
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Why are you so upset with him? If you really believe in Bitcoin long term, you should not really care about what he said. If he actually had any negative effect on the Bitcoin price (I doubt it), then that would be to your benefit as it would have allowed you to acquire more coin at lower prices. On the other hand, if one felt that it was a highly speculative asset with weak use case and needed other people to buy in so that he could sell at a higher price...then yes, I could understand how a critic's comments could be frustrating.
 
ET180 said:
Why are you so upset with him? If you really believe in Bitcoin long term, you should not really care about what he said. If he actually had any negative effect on the Bitcoin price (I doubt it), then that would be to your benefit as it would have allowed you to acquire more coin at lower prices. On the other hand, if one felt that it was a highly speculative asset with weak use case and needed other people to buy in so that he could sell at a higher price...then yes, I could understand how a critic's comments could be frustrating.
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He prevented a lot of retail investors from investing in Bitcoin when it was much lower in price

I have a friend from work (when I was still working) who used to send me negative news or negative interviews of "experts" who criticize bitcoin, I'm pretty sure one of those videos was of Kevin. He never invested in Bitcoin of course

He recently invested in Bitcoin, it was a difficult decision for him buying at over $40K when he could have bought it when I first told him at a few hundred $ per Btc. I don't even think he has 1 full Bitcoin right now

Anyway, negative views are stronger in their message to anyone who hears them. Fear is stronger than greed

So, that is why I hate Kevin after many years of negative and constant fud of Bitcoin and cryptos, the damage has been done

Now he's positive on Bitcoin and cryptos at this price level?? not cool
 
Next stop btc 28k

In inflationary war-torn times, buying downtrending digital monopoly money is um low on my buy list.

I'll dabble once btc gets back under 25, maybe.

Market's gonna keep burning for now. I buy inverses every dcb we get, like tomorrow's if futs hold green
 
johnarb said:
He recently invested in Bitcoin, it was a difficult decision for him buying at over $40K when he could have bought it when I first told him at a few hundred $ per Btc. I don't even think he has 1 full Bitcoin right now
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I wonder how many people who invested in the hundreds kept it long enough to realize either a 10x or 100x. If coming from the stock world, I think a 10x is already an exceptional return, so it wouldn't surprise me to see most people perhaps dollar cost average out.

Those people who hold for a 100x, without seeing a crypto do this yet, have either exceptional foresight, or simply didn't need the money so kept HODLing. Now of course a 100x in the crypto world is what everyone is looking for. But when BTC was in the hundreds, who actually thought it would be possible to do over 10,000%? I know that if I was crazy enough to put 10k in (since this was quite the crapshoot in the infancy of BTC), I doubt I'd be sitting on my hands when it reached 100k and hold on for the million dollar return.
 
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