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    [Daily Discussion] Thursday, November 28, 2019 Bitcoin Markets

    November 28, 2019

    [Daily Discussion] Thursday, November 28, 2019 Bitcoin Markets

    [Daily Discussion] Thursday, November 28, 2019

    Posted: 27 Nov 2019 08:04 PM PST

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    [Altcoin Discussion] Thursday, November 28, 2019

    Posted: 27 Nov 2019 08:04 PM PST

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

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    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
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    Is 20% of total account value in bitcoin too much?

    Posted: 28 Nov 2019 09:17 AM PST

    Hi all,

    College student here, graduating in may. Currently about half of my money is in a Roth IRA, 40% in TastyWorks for both cash holdings and I trade options heavily, and the last 10% is currently in bitcoin.

    Looking to allocate another 10% into bitcoin, but wondering whether this is a bit too risky. I absolutely love the concept of bitcoin and far prefer it as a store of value compared to gold, silver or even bonds. I know it is still a "risky" asset compared to these, while the other 40% of my account could be considered "risky" as well, except for the fact that I'm very disciplined with my options trades. I don't allocate more than 5% of that account to any trade and almost exclusively use credit spreads with high probability of profit.

    I guess my main question is, at what % holding of bitcoin in your account a bit too much given the high degree of price fluctuations? What % do you hold?

    Again, I'm very bullish on bitcoin in the long term as a store of value, but the price aspect for me is tough. If i allocated 20% towards it and bitcoin drops to like $3k, that's a big portion of my liquid assets.

    Thanks, any tips much appreciated, and happy thanksgiving!

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