Gambling is never a good idea with hard earned savings. If you do not understand it, do not do it. For now. Take the time to become sufficiently informed to make well-reasoned decision. I've spent years of study, and as a result been a long-term holder of Bitcoin for five years. It's been a great decision, for me. I don't see any reason why others would not come to the same conclusion after sufficient study. Do your own research.
IMO, a Bitcoin ETF such as IBIT provides easy, safe exposure. The better you understand Bitcoin the less speculative it will seem. Ric Edelman is a good resource for those who want to know more. A simple YouTube search will provide helpful information. Bitcoin, not crypto.
I find myself paying off balances on cards a couple of times a month, long before the closing date. I don't like to see the balances grow, so although I could be making money by leaving the funds in a MM account, I compete against myself at my own expense. I wouldn't be surprised if the banks know this and keep the tab for checking my credit score front and center. Speaking of Bitcoin at another ATH… :-). You all take care.
A mix of stocks, bonds, and Bitcoin. Stocks for medium-longer term growth, bonds for 1-5 years funding, Bitcoin for long-term growth. Bitcoin will be the last thing I sell.
I'm still thinking about your article, Adam. Bitcoin is the best-performing asset in history. Why not spend more time trying to thoroughly understand it? Bitcoin's returns are 36x greater than Berkshire Hathaway over the entirety of Berkshire Hathaway's existence. Maybe, just maybe there's something to it that suggests further research would be beneficial. If someone does not like this post they don't like historical facts.
Maybe, just maybe, Charlie was wrong. Wrong when BTC was at $150, wrong at $9000, and very wrong at $105,000. Charlie's views on Bitcoin were "rat poison" and cost individuals that embraces views millions of dollars. Charlie was a stock savant, but missed Amazon (which Warren later lamented). "It's stupid because it's very likely to go to zero" is a foolish statement in retrospect. BTC market capitalization is currently greater than $2 trillion, and will likely forever be greater than the market cap of Berkshire Hathaway. That said, I should have bought Berkshire Hathaway long ago instead of investing in broad market indices. I would have benefited immensely, not only from Berkshire's performance, but also the tax treatment I would've received.
Bitcoin did quite well prior to the current administration and IMO will continue to do well long after President Trump is gone. Most "crypto" (often referred to as crap coins) may struggle, or go away altogether, but Bitcoin is different with a >$2 trillion market cap and growing to one of the top five currencies in the world. Bitcoin is not going away. "Surely it will see a large drop" is not a given, or even likely, or I would be sitting next to the short button. I am long BTC for the long-term (it has grown to >10% of my investable assets). I will be very surprised if BTC is not 5x-10x in the next 10 years, but my retirement plan is not dependent on it.
Comments
Thank you Jonathan for the decades of financial wisdom you imparted. The lives of many thousands of people are better because of you.
Post: Jonathan and website update
Link to comment from September 19, 2025
Gambling is never a good idea with hard earned savings. If you do not understand it, do not do it. For now. Take the time to become sufficiently informed to make well-reasoned decision. I've spent years of study, and as a result been a long-term holder of Bitcoin for five years. It's been a great decision, for me. I don't see any reason why others would not come to the same conclusion after sufficient study. Do your own research.
Post: Supercharging Your Retirement with Crypto: A Wise Move, or a Risky Bet?
Link to comment from August 8, 2025
IMO, a Bitcoin ETF such as IBIT provides easy, safe exposure. The better you understand Bitcoin the less speculative it will seem. Ric Edelman is a good resource for those who want to know more. A simple YouTube search will provide helpful information. Bitcoin, not crypto.
Post: Supercharging Your Retirement with Crypto: A Wise Move, or a Risky Bet?
Link to comment from August 8, 2025
I find myself paying off balances on cards a couple of times a month, long before the closing date. I don't like to see the balances grow, so although I could be making money by leaving the funds in a MM account, I compete against myself at my own expense. I wouldn't be surprised if the banks know this and keep the tab for checking my credit score front and center. Speaking of Bitcoin at another ATH… :-). You all take care.
Post: Quinn had his credit score lowered. I view credit cards as a necessary evil
Link to comment from July 14, 2025
A mix of stocks, bonds, and Bitcoin. Stocks for medium-longer term growth, bonds for 1-5 years funding, Bitcoin for long-term growth. Bitcoin will be the last thing I sell.
Post: How are you dealing with or plan to deal with inflation in retirement?
Link to comment from June 11, 2025
I'm still thinking about your article, Adam. Bitcoin is the best-performing asset in history. Why not spend more time trying to thoroughly understand it? Bitcoin's returns are 36x greater than Berkshire Hathaway over the entirety of Berkshire Hathaway's existence. Maybe, just maybe there's something to it that suggests further research would be beneficial. If someone does not like this post they don't like historical facts.
Post: Up Because It’s Up
Link to comment from June 1, 2025
So far I'm up 20%+ since I mentioned "I'm adding". Sometimes it's better to be lucky than good.
Post: Tariffs and our retirement assets
Link to comment from June 1, 2025
Do you ever use Grok? If so, "deepsearch" and "think" are pretty good at answering these types of questions.
Post: Why Bitcoin?
Link to comment from June 1, 2025
Maybe, just maybe, Charlie was wrong. Wrong when BTC was at $150, wrong at $9000, and very wrong at $105,000. Charlie's views on Bitcoin were "rat poison" and cost individuals that embraces views millions of dollars. Charlie was a stock savant, but missed Amazon (which Warren later lamented). "It's stupid because it's very likely to go to zero" is a foolish statement in retrospect. BTC market capitalization is currently greater than $2 trillion, and will likely forever be greater than the market cap of Berkshire Hathaway. That said, I should have bought Berkshire Hathaway long ago instead of investing in broad market indices. I would have benefited immensely, not only from Berkshire's performance, but also the tax treatment I would've received.
Post: Up Because It’s Up
Link to comment from June 1, 2025
Bitcoin did quite well prior to the current administration and IMO will continue to do well long after President Trump is gone. Most "crypto" (often referred to as crap coins) may struggle, or go away altogether, but Bitcoin is different with a >$2 trillion market cap and growing to one of the top five currencies in the world. Bitcoin is not going away. "Surely it will see a large drop" is not a given, or even likely, or I would be sitting next to the short button. I am long BTC for the long-term (it has grown to >10% of my investable assets). I will be very surprised if BTC is not 5x-10x in the next 10 years, but my retirement plan is not dependent on it.
Post: Up Because It’s Up
Link to comment from June 1, 2025