Tell me i'm stupid, or tell me I'm being rightly cautious.
I've got about 30% of my cash in Bitcoin, it's all in profit, some more than others given the various opening positions.
I could buy another 10k worth right now and it wouldn't impact me that much. However, 4 years ago I told myself I wouldn't put more cash into Bitcoin until 2025. It's just the plan that I had and i've stuck to it. I've got a bunch of rules for investing and I'm concerned that if I break one of them, I'll break them all.
This isn't disbelief in BTC, it's trying to sensibly manage my risk and exposure to a volatile asset.
Upside, I reckon I double that 10k in about 8-12 months. Downside, my 10k decreases to Β£5-7k.
Has anyone got a bit of time to talk me through how I approach this if you've been in a similar position?
It "feels" like this might be one of the last opportunities to get a decent buy in price this year.
No need to slag me off, just decent conversation/debate please :)
EDIT just to say thank you for the replies so far, nice to have reasoned talk with people on reddit!
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