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40 sats \ 3 replies \ @Coinsreporter 27 Dec \ on: "Bitcoin is not appropriate for an 80 year old" (part 2) Stacker_Stocks
I'm in an utter confusion about your inspiration to deny a full 100% investment into Bitcoin. What really inspired you to allocate 90% to somewhere else?
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73 sats \ 2 replies \ @grayruby OP 27 Dec
The fact that two years from now if his health fails and he needs the money to get care that his daughter can't provide and Bitcoin is in the middle of a 70% drawdown due to a bear market, he doesn't get screwed.
He is in wealth preservation mode, not wealth accumulation mode.
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51 sats \ 1 reply \ @Coinsreporter 27 Dec
This makes sense. My parents are in early 60s but I won't force them to invest their preserved money mostly fot the same reason you gave. But because I'm their son, I've fixed 3M Sats by the name of parents funds with my own money. I'm that kinda man. I've bitcoin funds for everyone in my family including my two months daughter.
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31 sats \ 0 replies \ @grayruby OP 27 Dec
That's awesome. I hold bitcoin for my parent's as well and of course my kiddos have their sats.
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