Assuming you sold before the bubble bursts
Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
1–10 of 48 posts
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#2I would probably lump my money in my existing Wealthfront account. I invest <5% of my disposable income in various cryptocurrencies, I view them as volatile commodities.
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#3A small amount in Bitcoin is the only speculation I indulge in. For now Bitcoin and other cryptocurrencies are just that: Casino money.
In terms of real investment ETFs and - to a lesser extent - individual company shares are still the way to go.
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#4[deleted]
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#5If the bubble bursts the right place to invest would be bitcoin itself. Whether you like it or not BTC is here to stay and most likely going to be the next currency.
A lot of people hate BTC on this forum cause they feel they missed out.
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#6I don't consider Bitcoin to be an investment per-se. More of a punt. If I need an alternative way to punt, maybe some penny stocks?
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#7If the bubble bursts the right place to invest would be bitcoin itself. Whether you like it or not BTC is here to stay and most likely going to be the next currency. A lot of people hate BTC on this forum cause they feel they missed out.
I do hate bitcoin and for exactly that reason. But I'm conflicted about it - if I could make a huge amount of money and know, for a fact, that it was caused by me being in the right place to take money off people who actually earned it... is this a bad thing to do?
It's a confidence trick - is it bad to be a con artist? Or is relieving the gullible of their hard earned cash a noble pastime? There certainly isn't any actual value being created.
But if a bunch of greedy bastards wanted to pay off my mortgage, I can't see I'd have a problem with it.
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#8The dip.
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#9Invest in Butter and Corn, when the Bitcoin Bubble inevitably bursts Popcorn will be in high demand.
I think it would not be a bad idea to just follow investment advice; take a well performing index or ETF and stick to that. Maybe invest some into bitcoin again after the bubble has burst and it has a closer to reality value.
Re: Ask HN: IF the Bitcoin bubble bursts, where would you invest next?
#10I would buy more Bitcoin.
The world needs a censorship-resistant digital vault to store wealth. Bitcoin is basically a very cheap "Swiss bank account as a service" for the world's unbanked.
Some use cases I can think off the top of my head:
(1) You are from Syria and need to flee war and escape into Europe – however bank transfers into Europe are almost impossible if you are a common Syrian. Bitcoin allows you to take your wealth with you, in your brain, as you escape across the border, by just memorising your twelve word private key.
(2) You are from Venezuela or Zimbabwe – The government has issued capital controls and is devaluing currency by the day. You transfer your wealth into Bitcoin in order to offset capital erosion due to hyper-inflation. When the situation stabilises, you transfer your Bitcoin back into fiat.
(3) You are Saudi billionaire Al-Waleed bin Talal. The government freezes all your assets in a political coup. If you have a portion of your wealth in Bitcoin, you could protect them from government expropriation and anonymously transfer them to associates or family members abroad.
I truly believe that Bitcoin will serve the unbanked of the world. We're not there yet, but these are very early days for crypto.
Sorry for the long winded response, I get excited when talking about BTC.