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Fireheads
Public • 167 • Free
6 contributions to Fireheads
7d ago in
"Boring" makes money
I wrote a short introduction to dollar-cost averaging and investing for complete beginners. Still, it holds some critical points about risk management and the actual benefits of DCA that people often miss. Share it with somebody who started on the market or has lost conviction. The market is truly amazing — DCA into popular assets in the last 4 years gave nothing but spectacular results: Gold +35% S&P500 +41% Nasdaq 100 +51% Bitcoin +202% It's much better to look at DCA profits than a lump sum because this is what most of us do: invest a small amount from every paycheck. Most people DCA because they don't have a choice. You can only do it smart and follow a regular schedule, or… try to time the market and harm your results long-term. I wish you this week to be 🔥
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New comment 5d ago
1 like • 5d
There's been some research on what days are the best to buy for DCA. iirc buying on first or second trading day of the month was the worst, while buying iirc the third last trading day was the best. Something about how institutions need end-of-month cash and then re-enter positions.
Oct 23 in
How are your assets divided?
Is crypto part of your wealth plan or are you just doing it for fun? What other assets do you invest in? Which percentage is in crypto?
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New comment 17d ago
1 like • Oct 30
Gold bugs like Schiff and Maloney estimate the counterparty risk in virtual gold higher than me. I find the counterparty risk acceptable. The interest gained on PAXG in Nexo outweighs the counterparty risk for me while maintaining the price correlation diversification. However, even if I don’t believe in the gold bug doomsday scenarios, I do think physical gold is a sensible investment and could very well fit in my portfolio. I have in fact used physical gold in that tranche before and might do so again if I get a more permanent home. Owning physical gold is amusing, which is valuable in itself. But generally I dislike owning anything physical. Physical property is just a big emotional and social shackle in my opinion for me personally.
1 like • Oct 30
The distinction between role of physical investments as investments and their physicality itself is a good one. Thank you for the reminder. As a naive pacifist, I’m not ready to use violence to protect my person, or my property. Nor do I want to spend much capital to protect physical assets. That seems inefficient. Blockchain protects my assets enough. If problems happen in the country where I’m in, I’ll flee to another country. Fleeing is useful. I personally think that having physical assets would limit my freedom to flee. This limits their usefulness to me to a degree.
Oct 9 in
Are you into any AI coins?
Clearly AI coins will have a run if there is a favorable market in the next few months. I'm looking at several big AI tokens that might potentially be profitable in a short/mid term scenario. Do you have any conviction plays? Lets share them below!
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New comment 21d ago
2 likes • Oct 18
I don't think AI stuff can beat Bitcoin and Ethereum. I think Jan has the best play here. AI stuff as part of trad stonk indices, diversifying crypto risk away. We're at the hype phase. It'll be 5+ years before companies can realize AI technology investments as productivity gains. Tech giants might reach that faster and with less drawdown than smaller, less resilient companies. Crypto AI startups might be able to do things in 3-5 years, but that's still 2+ years away. Best way to access those is via early private rounds into startup companies. Look for venture-capital funds that do that. Might still be difficult to beat bitcoin/ethereum. Otherwise, I think AI crypto coins are gambling. Max. 5% of portfolio imo. Beware of FOMO.
Oct 2 in
Introduce yourself 👋
1. Where are you from? 2. What do you do for fun? 3. Share a book or a movie you recommend.
Complete action
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New comment 19d ago
3 likes • Oct 16
I'm Markus, originally from Finland but digital nomading for two years now. Currently in Japan, considering settling here. Been in crypto since late 2017. Some background in applied maths and a minor in economy, I like playing around with quant stuff in crypto. Fun is difficult, but I like walks and onsen/sento. Tabletop roleplaying games too. For book, I recommend "What is this thing called science?" by Alan Chalmers. It's a short, easy to read introduction into Philosophy of Science, which is my research subject. Requires no background knowledge and will help dispel misconceptions and myths about science.
1 like • Oct 18
Don't see any crypto advertising. I think that you have to own via a custodian or something. But then again you can direct your Rakuten credit card reward points into bitcoin investments. Banks advertise 0.4% interest rates as if that's amazing, which is funny. I think people do invest in crypto but it's underground.
Oct 3 in
Which exchanges do you prefer?
Tell us, why you use an exchange and why it's better than other exchanges! Which features do you use?
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New comment Oct 18
3 likes • Oct 16
Binance because I can wire fiat into it without new KYC. Using it as fiat onramp and the top10 index product. Also for short-term leverage adjustments (BTC/ETH collateral for USDC loan). OKX to diversify away counterparty risk from Binance. Crypto.com solely for airport lounge access and a backup debit card. Nexo for a debit card that counts as a credit card, and for interest on PAXG. Used to do Deribit for options but they KYC blocked me away. For DEXes, Curve for sDAI/sUSDe yield and 1inch for swaps. 3-digit USD swaps are gas-free on 1inch or matcha. Sometimes Quantfury for rate arbitrage.
1-6 of 6
Active 5d ago
Joined Oct 16, 2024
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