How to use Bitcoin for FIRE?

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  • #93537 Reply
    Andrew

      Not trying to make this a BTC conversation but FIRE with BTC. Since it’s so new I’m sure more products will come out with leveraging your bag but curious on how some of you would play this. I still do traditional FI strategies but have done well over the years in BTC and will be holding with the intent not to sell. Thoughts?

      #93538 Reply
      Dave

        I allocated 3% of my portfolio to BTC, not sitting on the sidelines. It’s been my best ROI in 2023 and so far in 2024.

        #93539 Reply
        Giovanni

          Only put $ into BTC that you are fine with never seeing again lol

          #93540 Reply
          Dan

            Bitcoin will be the best long term buy and hold strategy over the next 100 years! It’s contrarian now but will be consensus.

            Just look at the inflows of the new spot Bitcoin ETF’s wall street absolutely loves Bitcoin.

            Also, check out: Is now a good time to buy Bitcoin?

            #93541 Reply
            Giovanni

              Think you could make a fair argument to invest up to 5% of your portfolio into crypto but anymore than that, you’re honestly gambling with your future.

              #93542 Reply
              Winnie

                If you believe in the long-term value proposition of Bitcoin and are willing to hold it for the long term, it can serve as a hedge against inflation and a store of value. But holding it for the long term isn’t a smart move.

                #93543 Reply
                Giovanni

                  Hold enough to get excited when it goes up but not so much that you lose sleep over it.

                  #93544 Reply
                  Jamone

                    I agree. I wouldn’t say go all in on ₿TC but a good split between crypto, stocks, etc is ideal

                    #93545 Reply
                    Shawn

                      I allocate it the way I would casino bets and lottery tickets. If you want to gamble, budget for it. It has no place in an investment portfolio. But I will stick to video poker over BTC.

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