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Originally Posted by tonoy
Noname, excellent explanation and I couldn’t have said it better. As for my crypto position, I hold 90% of my crypto in RIOT shares and 10% in qbtc. I chose RIOT as it allows me to take advantage on writing covered calls on a weekly basis and earn income even on down trending weeks. Overall, I used to allocate 10% towards crypto. But as of today I’ve now doubled my position to 20% as I am getting further conviction that this will pay off on the long term. What’s your position like?
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And from continuation of previous post, while this is an excellent idea to increase allocation, I see the inherent risk in putting that much money on a mining company as part of a bitcoin play. Eventually the mining of bitcoin become obsolete as limited account can be mined. While the price appreciation of BTC can be unlimited, I don't think you can say the same .
long term: btc vs riot
Short term: btc vs riot
Over long term RIOT will lose but short term (last 1 year) RIOT was exponentially more lucrative. Point is if it's not a direct correlation, maybe getting involved in other currency they may do better but you are at their mercy - its a company controlled by structure who can issue shares to dilute share price. Defeats the whole purpose of cryptos.
Personally I would own littel bit of both.