Comments on: My Personal Take on Bitcoin https://modernfimily.com/my-personal-take-on-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=my-personal-take-on-bitcoin Helping other families and individuals reach financially Independence Mon, 01 Mar 2021 03:18:05 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: Court and Nic https://modernfimily.com/my-personal-take-on-bitcoin/#comment-1750 Mon, 01 Mar 2021 03:18:05 +0000 https://modernfimily.com/?p=4159#comment-1750 In reply to Liquid.

Thanks Liquid – nice to see you over here – I always enjoy reading your posts 🙂 Definitely agree that it is very speculative and too agree to only put in a small amount that you’d be ok losing. High fees and slow transactions definitely need to get fixed. I think they will over time, but who really knows!

]]> By: Court and Nic https://modernfimily.com/my-personal-take-on-bitcoin/#comment-1749 Mon, 01 Mar 2021 03:15:50 +0000 https://modernfimily.com/?p=4159#comment-1749 In reply to Bob Wen.

Totally agree re speculation. I would definitely not be able to sleep at night if Bitcoin took up a large portion of our portfolio. That’s a great way of thinking about it (knowing that some of the companies in your broad based ETFs hold it themselves) and why I was considering not buying any myself. Glad the post helped you understand it a bit better. I am definitely not an expert on the subject but it has been fun to dig deeper into it.

]]> By: Liquid https://modernfimily.com/my-personal-take-on-bitcoin/#comment-1738 Sat, 27 Feb 2021 00:13:04 +0000 https://modernfimily.com/?p=4159#comment-1738 Nice write up. I think bitcoin is still very speculative. I wouldn’t put more into it than what I’m comfortably losing completely. I started buying some last year and will continue to watch the space closely. 🙂 There’s a lot of issues like the volatility you mentioned, and other risks. I haven’t really seen much discussion online around the network fees, which is a big problem to me.

]]> By: Bob Wen https://modernfimily.com/my-personal-take-on-bitcoin/#comment-1733 Thu, 25 Feb 2021 19:11:53 +0000 https://modernfimily.com/?p=4159#comment-1733 I view buying Bitcoin as speculation. It might work out, and it might not. If companies in my global ETFs have bought into Bitcoin, then that’s enough for me. I doubt I’ll ever buy into a hot new trend, that’s just not me!

Still, a great post with enough to help me understand it better.

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