Hey I read about this..yeah, it's crazy. I would have diversified that portfolio a bit. Bought some ETH and few smaller alts too. And put someone someone in charge of that portfolio, someone who knows about crypto.
But since it's going to Ukraine I hope they spend it wisely. I don't know what that amount can buy sin in my opinion they need some modern fighter jets and maybe some long range heavy artillery, MLRS and stuff to stop the enemy.
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LOL if you're going to buy shitcoins with your proceedings you might as well just sell it, why would you take value and put it into networks that are poor performers and less secure?
😄I wouldn't call ETH a shitcoin. And little diversifying wouldn't be such a bad thing if these assets were to use for trading and getting better interest on some dapps for example.
With your argument you might wanna ask why people buy any other assets than BTC? Why they even exist?
Diversification is meant for non correlation not to increase leverage on correlation so no that’s dumb and 2 yes eth is a shitcoin he’s 70% premined centralised piece of garbage
I suggest you do your research because you’re embarrassing yourself
No need to get upset. I'll try to clarify this for you with a simple example: within 24h time frame BTC is up 5.7% and Polkadot is up 32.4% also on 24h timeframe. Now, if we would have bought DOT 24 hours ago with let's say 100k and sold that now and also sold 100K worth of BTC we'd made more profit with our Polkadot. That's not dumb, that's profit.
No that is dumb you’ve clearly never traded in any kind of size before have you? If you just held the bitcoin you 99% chance outperform that example trade you’ve given
Why?
Because moving over from property (bitcoin) to an unregulated security is a taxable event in all counties where Bitcoin is not
Secondly if something goes up higher which it can there’s NO gaurentee there is liquidity at that price to execute the trade, look at any shitcoin order book man
I am not getting upset you’re just saying things that are factually false and what must I do? Just agree with you so I don’t hurt your feelings?
LOL! No feelings hurt here. Now it just sounds like you are trying to talk your way out of this which is understandable. I've actually traded quite a bit and could give you lecture on that topic but don't think you are in the most receiving mood right now. 😄 And I can also read between the lines that you are a die hard Bitcoin holder. That is cool, I just have a different approach on crypto and consider volatility a friend of mine but I can relate to holders and understand why feeling a bit cranky at the moment.