JayJuanGee
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How much alt coin diversification is needed? 0%?


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December 06, 2018, 12:23:22 AM

I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back.

That's a lot of BTC you're holding.


That is what I was thinking too...

Seems a bit more than the average WO participant, or even the elite end of the WO participants...

I am thinking that seems to be in the 600BTC plus arena to be able to consider that $20 to $50 million would be a drop in the bucket, in the event that BTC went to the $100k arena.

I wouldn't consider throwing 20-50m in a non-profitable hobby unless I have at least 10 times the amount so.... maybe a couple thousands of BTC (@$100K) to be comfortable with that "frivolous" spending.

Of course that would be amongst the most prudent of approaches, but of course levels of prudence is going to vary, and I think that was the reason that I gave a ballpark figure of 600BTC, because in the 600BTC scenario, there still is a $10million cushion, but we know how BTC acts, sometimes, so I understand that a $10million cushion could turn into a $1million cushion, which could become a bit stressfull for normal peeps.. so of course having a bit more cushion would be preferable to lessen both possible psychological issues and fiscal issues.