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a professional basis, his portfolio can also be described as "very large", but of course, size is subjective (just ask his girlfriend).
He is aware that there is no "one size that fits all" style of investing as people have varying degrees of experience, risk tolerance, portfolio size, etc, but he understands from personal experience that making concentrated bets with conviction is the best way to grow one's capital. He is a fan of the adage that diversification is for people who don't know what they are doing.
He also recognises that everyone is human and prone to making mistakes, but when he knows he is wrong, he cuts his positions quickly and leaves his winners to ride.
lunq is rumoured to be an early crypto adopter and understand the market very well. He is said to be building a position in the Bitcoin mining company Argo as a leveraged play on BTC, and is familiar enough with market psychology that he will begin selling his position when the local cabbie starts giving tips on buying Ripple.
My top 5 SIPP holdings hehe:
https://imgur.com/a/7GvgoF1
I was looking at the company Bitcoin SE Group and tried to buy it from YouInvest - but it’s not allowed. I suspect it was banned because of that stupid FCA regulation that ban retail from investing in anything that references crypto assets lol. Will they ban Argo next because it has blockchain in the name? Lmao.
I hold the XBT provider Bitcoin ETN which was also banned recently, but luckily was allowed to keep hold of it, but I cannot purchase any more units. It makes up over 50% of my SIPP :)
The death of national fiat currencies and the birth of a new global currency administered by the International Monetary Fund of which gold and Bitcoin will play an important role. The Great Reset is happening. The conspiracy theorists were right all along, this was all planned....
Mathsman, yeah, I remember. I understand your point, but I don't think its a valid argument.
Do you know Ray Dalio, Paul Tudor Jones, Stan Drunkenmiller?
Woodford was a recognised name in the UK and enjoyed a brief hint of success for a few years and only a millionaire. The others I mentioned are globally recognised names and have been managing money for decades. Oh, and they are billionaires :)
Bitcoin (BTC) can offer protection against the "depreciating value of money," newly-bullish investor Ray Dalio says.
In a Reddit "Ask Me Anything" session on Dec. 8, Dalio, who last month abandoned his skepticism of Bitcoin, said that the cryptocurrency could complement gold as an investment.
"I think that bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives, with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth," he wrote.
"So it could serve as a diversifier to gold and other such storehold of wealth assets."
https://cointelegraph.com/news/a-flood-of-money-and-credit-ray-dalio-new-bitcoin-praise-echoes-microstrategy
@Mathsman
What makes you think we will hit $8K again, lol? I don't see it happening unless we have another blackswan type event. There is strong demand from institutional players. Institutional money is what we have been waiting for, and now it's arriving.
I am so bullish with all the recent news on Bitcoin. Druckenmiller, Tudor-Jones, Saylor, Paypal, Spotify, Central Bank Digital Currencies, S&P Crypto Index, etc,...the list goes on.
Hehe I love this chat, but it sure does remind me of crypto Telegram channels with all this exchange talk. I’m a holder of an altcoin which is not listed on any “Tier 1” exchange such as Binance and the favourite topic is usually “When exchange?”
With that said, I agree that a duel listing would be beneficial to Argo, but I’m confident that when Bitcoin goes parabolic in 2021/22(?), the price of Argo will be reflected. It helps that we have the word ‘Blockchain’ in the name, - there will be plenty of folk searching for the keyword I think. Just relax guys and keep accumulating.