create account

It's irresponsible not to have a 1% allocation to Bitcoin by jrcornel

View this thread on steemit.com
· @jrcornel ·
$28.23
It's irresponsible not to have a 1% allocation to Bitcoin
# Kevin O'leary had some not so nice things to say about Bitcoin on CNBC...

Mostly stemming from his dislike of the volatility.

This dislike reached fever pitch when Anthony Pompliano revealed that he had roughly 50% of his wealth in bitcoin.

The video can be seen here:

https://youtu.be/JwRZcefk010?t=154

# Well guess what Mr. Wonderful, it is irresponsible not to have any exposure to bitcoin either.

Take a look at this...

Public pension plans with $1B+ in assets targeted 7.25% long-term return last year.

They missed that target and had a median return of 6.79%.

If they had just 1% of their assets in Bitcoin, those public pension plans would have hit the target.

This is exactly why at least a 1% allocation is needed.

Bitcoin is an asymmetric non correlated asset. Perfect for institutional macro funds.

Stay informed my friends.

-Doc
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 753 others
properties (23)
post_id78,818,230
authorjrcornel
permlinkit-s-irresponsible-not-to-have-a-1-allocation-to-bitcoin
categorybitcoin
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["bitcoin","crypto","busy","palnet","steemleo"],"users":[],"links":[]}
created2019-08-07 19:41:42
last_update2019-08-07 19:41:42
depth0
children6
net_rshares85,763,080,599,850
last_payout2019-08-14 19:41:42
cashout_time1969-12-31 23:59:59
total_payout_value21.759 SBD
curator_payout_value6.469 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length855
author_reputation1,066,050,498,984,794
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (817)
@newageinv ·
I saw that commentary live and was so happy to see Pomp maintain his composure despite having Mr Wonderful there which is a huge critic.  He keep mentioning his $100 purchase for a couple of years ago but never recognizes he bought the hype.  That same investment 9 years ago would be worth hundreds of thousands today!
properties (22)
post_id78,826,953
authornewageinv
permlinkre-jrcornel-it-s-irresponsible-not-to-have-a-1-allocation-to-bitcoin-20190808t014218758z
categorybitcoin
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["bitcoin"],"users":[],"links":[]}
created2019-08-08 01:42:21
last_update2019-08-08 01:42:21
depth1
children1
net_rshares0
last_payout2019-08-15 01:42:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length319
author_reputation51,286,138,399,136
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel ·
$1.42
Didn't he say several months ago? He didn't buy any either way, he was just playing a critic, picking a top and saying how it is now down. We can talk again in a few months or years about that purchase Kevin and see how it looks...
👍  , , , , , , , , , , , ,
properties (23)
post_id78,850,170
authorjrcornel
permlinkpvxd1k
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-08 15:44:09
last_update2019-08-08 15:44:09
depth2
children0
net_rshares4,229,219,496,341
last_payout2019-08-15 15:44:09
cashout_time1969-12-31 23:59:59
total_payout_value1.070 SBD
curator_payout_value0.347 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length231
author_reputation1,066,050,498,984,794
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (13)
@blaogao ·
Yeah control our emotion to trade

Posted using [Partiko Android](https://partiko.app/referral/blaogao)
properties (22)
post_id78,828,238
authorblaogao
permlinkblaogao-re-jrcornel-it-s-irresponsible-not-to-have-a-1-allocation-to-bitcoin-20190808t023752834z
categorybitcoin
json_metadata{"app":"partiko","client":"android"}
created2019-08-08 02:37:54
last_update2019-08-08 02:37:54
depth1
children1
net_rshares0
last_payout2019-08-15 02:37:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length103
author_reputation1,460,307,932,866
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel ·
$1.39
Just meaning that with the potential returns in bitcoin, and it's non-correlated nature, it makes a lot of sense in everyone's portfolio, even if only a small percentage.
👍  , , , , , , , , , , , ,
properties (23)
post_id78,850,202
authorjrcornel
permlinkpvxd2u
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-08 15:44:54
last_update2019-08-08 15:44:54
depth2
children0
net_rshares4,145,710,375,279
last_payout2019-08-15 15:44:54
cashout_time1969-12-31 23:59:59
total_payout_value1.049 SBD
curator_payout_value0.340 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length170
author_reputation1,066,050,498,984,794
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (13)
@williampierce ·
$0.17
Bitcoin is going to hit its transaction cap, thats why BCH was made in the first place. Litecoin is poised to replace BTC however, being #4 and sharing the first to market advantage - it being used by all the ATMs for example. When BTC caps out, LTC is the most likely to replace it.. has a much higher reward potential considering it stands to go from 5B to 200B, before it goes like 5x from there. Easily aiming for 1 trillion market cap. Its over 8x faster than Bitcoin, has no transaction backlog. When it costs 50$ and takes 2 weeks to send Bitcoin you will be happy you bought Litecoin instead.
👍  ,
properties (23)
post_id78,828,422
authorwilliampierce
permlinkpvwcxi
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-08 02:44:09
last_update2019-08-08 02:44:09
depth1
children1
net_rshares499,359,939,530
last_payout2019-08-15 02:44:09
cashout_time1969-12-31 23:59:59
total_payout_value0.125 SBD
curator_payout_value0.041 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length600
author_reputation31,220,829,994
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@jrcornel ·
$1.45
We are a ways off from there:

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#2y

Now that segwit has been widely adopted, it's not going to happen like it did in late 2017.

I'm sorry, but I think there is about a 1% chance (maybe even less) that litcoin replaces bitcoin with a higher market cap. To be honest I am not sure why litecoin even exists really. It's not different enough from bitcoin to garner such a high valuation.

Moving $450 million for $40 is pretty good when compared to legacy financial systems:

https://thenextweb.com/hardfork/2019/07/29/bitcoin-whale-moves-468-million-crypto-fortune-for-less-than-400/
👍  , , , , , , , , , , , ,
properties (23)
post_id78,850,136
authorjrcornel
permlinkpvxczr
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https:\/\/bitinfocharts.com\/comparison\/bitcoin-transactionfees.html#2y","https:\/\/thenextweb.com\/hardfork\/2019\/07\/29\/bitcoin-whale-moves-468-million-crypto-fortune-for-less-than-400\/"],"app":"steemit\/0.1"}
created2019-08-08 15:43:03
last_update2019-08-08 15:43:03
depth2
children0
net_rshares4,314,556,875,836
last_payout2019-08-15 15:43:03
cashout_time1969-12-31 23:59:59
total_payout_value1.091 SBD
curator_payout_value0.355 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length646
author_reputation1,066,050,498,984,794
root_title"It's irresponsible not to have a 1% allocation to Bitcoin"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (13)